Upstream M&A: Why Now? Strategic Implications of Industry Consolidation and What's Next - Apr. 30, 2025
Includes a Live Web Event on 04/30/2025 at 11:00 AM (CDT)
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- Nonmember - $95
- Member - $55
- Student - Free!
This was presented at the 2024 Annual Meeting. Credit will be given to those who did not attend the Annual Meeting or the session.
Date: April 30
Time: 11am-12pm cst
Live Webinar
Upstream consolidation accelerated in 2023 and continued into 2024 as the majors and
large independents looked to build scale and enhance their asset bases. In an attempt
to gain relevance with investors, Mid and Small-Cap independents were also active
buying assets to build scale and transform their stories to the market. The Permian
Basin received most of the attention, but there have been more transactions in other
basins too. Intrepid believes that consolidation will continue based on the benefits of
scale - including improved profitability with economies of scale, longer duration drilling
inventory, and a lower cost of capital - and smaller upstream companies look to
compete with the larger ones and gain relevance with public investors. Meanwhile,
relatively new private investors that believe in a longer-term traditional energy future are
looking to be opportunistic to fill the capital void left by less energy private equity dollars
interested in traditional upstream investment.
Speaker: Tim Carlson
1 CEU
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Tim Carlson
Managing Director
Intrepid Finanancial Partners
Prior to joining Intrepid, Tim was a Senior Managing Director at Evercore, where he
focused on advising Upstream clients on a range of strategic advisory, M&A,
restructuring and capital markets transactions. Before that, Tim held senior roles in the
energy groups of J.P. Morgan, Merrill Lynch and Petrie Parkman, where he began his
career. Tim has over 25 years of experience advising on some of the energy sector’s
most important strategic transactions.
Tim received a B.A. in Economics and Managerial Studies from Rice University where
he was captain of the golf team and an Academic All-American.
