September 2023 PECD Lunch & Presentation

Presentation Information:

Oil and Gas Valuation Update

Alan Harp and Atiba Henry with Stout, will share their experiences in the valuation of oil and gas properties and entities over the last decade and a half. Their presentation will cover current pricing metrics within public markets, alongside insights drawn from the A&D (Acquisition and  Divestiture) market. They will discuss the various purposes for which valuation services are provided and how the purpose can dictate the valuation methods used. They will present examples of when to incorporate a Market Approach,  how we develop sophisticated cost of capital calculations when required, and explicate considerations within income tax modeling when pertinent. They will discuss how to approach leasehold valuation differently than mineral and royalty valuation and how they address nonproducing mineral valuation.

Speakers Bio: 

Alan Harp is a Managing  Director in the Valuation Advisory group and specializes in the valuation of upstream oil and gas properties and exploration and production (E&P) companies. Alan has over 25 years of business valuation experience and has provided opinions of value for tax and estate planning, corporate transactions, financial reporting, and other purposes to major integrated companies such as Chevron as well as numerous trusts, endowments, hedge funds, and private and publicly traded companies. He has advised the Texas  General Land Office as well as the Texas Comptroller of Public Accounts regarding the valuation of mineral and royalty properties. Alan also advises private mineral owners on the fair value of their holdings and maintains a relationship with various mineral and royalty market participants. Prior to joining Stout, Alan was a Senior Managing Director at HFBE  where he led the energy valuation group that specialized in the valuation of closely held E&Ps.

Atiba Henry is a Senior  Vice President in the Valuation Advisory group. He has extensive experience providing professional valuation advisory services for estate tax, gift tax, income tax requirements, and estate planning, as well as experience with fairness opinions and financial reporting. middle-marketAtiba’s experience spans a diverse client base, from regional middle-market businesses to multi-billion-dollar enterprises. His advisory and analytical services have been provided in a broad range of industries and for a variety of purposes, including manufacturing,  telecommunications, retail, banking, and farming. His primary focus is on the valuation of upstream oil and gas properties and E&P companies.  Prior to joining Stout, Atiba was a Senior Analyst at Accumyn  Consulting. His responsibilities included providing a variety of professional services for complex litigation, including the calculation of lost profits and economic damages as well as valuations of various classes of equity for companies with simple and complex capital structures.

Event Information:

In 2023 the Petroleum Engineers Club of Dallas will aim to meet on the 2nd Friday of every month (a few exceptions will happen and are noted on the club calendar). Follow us on LinkedIn for up-to-day announcements and join our email list for all club news. All club meetings will include networking time, lunch, and a speaker/presentation.

Once you register, we will have your RSVP information. No need to print any tickets, we will have your RSVP and payment status available to us at check-in.

Lunch Prices:

• Early RSVP (Member):              $30
• Early RSVP (Non-member):     $35
• Late RSVP (Member):               $35
• Late RSVP (Non-member):      $40
• GOLD Member:                         Free

Early bird discount prices will be the default price for all tickets up until the Wednesday before the Friday meeting (the headcount cut-off date for the Dallas Petroleum Club).

As always please invite coworkers, friends, and anyone who would be interested. Reach out to one of the board members directly or email us at petroleumengineersclub@gmail.com with any questions.

Thank You

- The PECD Leadership Team