Room: Conference Room B (2nd Floor)

Parking Information:  FREE *

• Entrance to Garage is on Pearl St.
• Visitor Parking is below ground on level 3 and 4
• *Bring parking ticket to event to get it validated

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Abstract

Competitive bidding is a foundational aspect of oil and gas property evaluation where success often hinges on the ability to uncover and utilize technical edge. This technical edge can take two primary forms. First, it may result in value not accounted for or applicable to your competition. Second, it may serve to protect the company from permanent loss of capital. This presentation provides evidence from an active participant that technical edge is out there and illustrates what it can look like. The examples, techniques, tools, and tips shared in the talk aim to offer optimism in addressing the question: “How can asset sales be won by any E&P company other than the biggest speculator or the most poorly incentivized (E&OPMs)?” 

Bio

Derek Axelson is a reservoir engineer at Petro-Hunt LLC, where he pursues acquisition and divestiture opportunities ranging from small mineral interests to large-operated packages across the Lower 48. In addition to A&D, the Petro-Hunt team supports ongoing field development, production optimization, reserves booking, and technical studies that guide capital allocation decisions. Since joining Petro-Hunt in 2017, Derek’s work has primarily focused on the company’s assets in the Williston Basin, where Petro-Hunt and related entities have been active since the 1950s and played a key role in the inception of the Bakken and Three Forks play in North Dakota. He is also engaged in research and development, identifying and generating profitable solutions, adapting existing solutions to new challenges, and screening ideas for practical application and knowledge transfer. Derek holds a degree in Petroleum Engineering from Louisiana State University and a graduate degree in Statistics from Texas A&M University. He is a licensed Professional Engineer in the State of Texas.