At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.
Toby Rice, CEO of EQT Corp., calls on political leaders to focus public conversation on energy solutions and avoid what he sees as an inevitable “train wreck” of an energy crisis.
Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said because “all you're going to do is upset your seller by promising a market that you shouldn't. No one's going to pay you.”
As the core of the Permian Basin gets drilled up, E&Ps see years of upside from fringier acreage and unproven targets deeper underground. But these targets will be more expensive to develop, experts say.
Private Equity executives agreed that the investment space is in a healthier state than at the height of the shale boom and funding is available for “really good teams.”