New York Energy Capital Assembly 2024: Key Takeaways Report

The Energy Council, in partnership with NASDAQ, hosted the 2024 New York Energy Capital Assembly on June 6 – 7. We gathered 250+ prominent investors, E&P players, and decarbonization technology providers across the energy value chain, addressing topics such as the evolving dynamics of capital formation and deployment, ongoing consolidation trends within the industry, and the continuing challenges and strategies for funding and scaling up decarbonization projects

This report summarizes the key findings from the assembly, taking expert insights from our panelists from Chevron, ConocoPhillips, Engine No.1, Kimmeridge Energy, Wincoram Asset Management, Schroders, Quantum Capital Group, Apogem Capital, BlackRock, EIG Global Energy Partners, Formentera Partners, Pickering Energy Partners, and many more.

Here's a sneak peak of some of the insights from our 2024 Key Takeaways Report…

Texas: The ‘Silicon Valley' of Energy?

The oil and gas (O&G) industry, particularly in Houston, is currently flourishing, evidenced by strong cash flow, robust stock performance, and a deleveraged financial stance. Yet, it confronts challenges in generating top-line growth while grappling with the dual imperative of providing reliable, affordable energy and reducing greenhouse gas emissions — a commitment that transcends corporate responsibility to become a strategic necessity. Failure to maintain energy reliability could severely hamper decarbonization efforts. Central to these initiatives, Houston has positioned itself as a pivotal hub, capitalizing on its engineering prowess and capital management to spearhead advancements in sectors like LNG, hydrogen, and carbon capture.

Where Is The Real Energy Investment Opportunity For The Next Few Years Both On The Public And Private Side?

In the post-COVID era, the Reserve-Based Lending (RBL) market has transformed significantly, now characterized by fewer traditional capital sources and greater reliance on private capital. With only 10-20 active players, the RBL market requires thorough creditor agreements and a deep understanding of the evolving industry landscape. Companies that maintain strong banking relationships and intact credit facilities are better positioned to navigate this more selective lending environment, leveraging their established trust to secure advantageous terms.

Financial Innovation Around Methane Abatement

As the oil and gas industry intensifies its focus on environmental performance, efforts to mitigate methane emissions are becoming increasingly sophisticated and strategically crucial. Implementing methane abatement strategies in the oil and gas industry yields substantial financial advantages, such as evading severe penalties from impending methane fees such as the Waste Emissions Charge (WEC). These strategies unlock lucrative investment opportunities and boost operational efficiency via accurate leak detection and repair. Moreover, proficient methane management enhances market competitiveness and draws sustainability-focused investors by bolstering regulatory compliance. This positions companies for improved financial performance and a competitive edge in the global market.

2024 Assembly Speakers: