Oil Field Services Panel led by Buddy Petersen, Dan Runzheimer, John Bishop, Mike Cheeseman, and Sanjiv Shah
What is the potential for further vertical consolidation in the OFS space? How has technological innovation affected this? How has the difference between fracking in US shale and traditional, large scale O&G projects forced change across the industry? How will that difference drive paradigm shifts in business models moving forward? What does the future look like for offshore mega projects? HOw are people looking at investing in this space; what is the buy-side/sell-side views on this space? How has financial distress affected investing in this space?
Buddy Peterson is the Chief Operating Officer at FTS International. Mr. Petersen was named COO of FTS International in October 2015. Prior to that, he was Senior Vice President of Operations and Wireline. He has 25 years of experience in the oil and gas industry. Most recently he was COO of GoFrac LLC, Vice President of Sales for Frac-Chem Inc. (Koch Industries), President and COO of Compass Well Services LLC, and COO of Allied Cementing Co. Mr. Petersen spent the first 14 years of his career working in various roles of increasing responsibility with Halliburton Energy Services. He earned a bachelor’s degree in civil engineering from New Mexico State University.
Dan Runzheimer is the Director of Finance at Synergy Energy Holdings. Dan served in the Marine Corps as an infantry officer, completing three deployments in support of OIF, OEF and the GWOT. He is a graduate of the United States Naval Academy and the Wharton School. After graduating from Wharton, he managed multiple business units in the Permian Basin for Accelerated Companies (acquired by Dover Corporation in 2014). He is a member of the management team for a privately held North American oilfield services company focused on artificial lift (Endurance Lift Solutions) and oilfield supplies (Bell Supply Stores).
John Bishop, Managing Director (Natural Resources Group), Morgan Stanley and Head of Global Oilfield Services, North American Upstream Team. John has over 14 years of experience covering the Oilfield Services and Upstream Oil and Gas sectors. Prior to joining Morgan Stanley in 2012, John had worked with Citi in Houston, Hong Kong and New York. John’s primary coverage area is Oilfield Services and Upstream where he provides strategic, M&A advisory and financing advice to senior management teams and boards. John has participated in strategic and financial advisory engagements in oilfield services, upstream, and midstream sectors. In addition, John has led capital markets transactions raising over $50Bn, ranging from initial and follow-on public equity offerings, private equity raises, public and private debt offerings and recapitalizations.
John holds a B.S.E. in Aerospace Engineering from University of Michigan and MBA with honors and distinction from The Wharton School. John and his wife, Melina, currently live in Houston with their two children, John and Janine.
Michael Cheeseman is the Chief Executive Officer at Aspen Energy Partners.Prior to founding AEP, Michael served as Vice President, Corporate Development for Halliburton and was responsible for portfolio assessment and driving inorganic growth initiatives including acquisitions, joint ventures and partnerships. At Halliburton, Michael led over 40 transactions totaling more than $3 billion. Prior to Halliburton, Michael spent six years at Simmons & Company providing investment banking advisory services to oilfield service, midstream and E&P companies. During his tenure at Simmons, Michael was a founding member of the firms’ successful upstream A&D practice. Previously, Michael was a Geoscientist at Schlumberger-GeoQuest where we developed, commercialized and supported reservoir characterization software applications.
Michael is formerly a director of Yates Petroleum and currently a director of SurgiTech, Citadel Casing Solutions and RigMinder. He received a BS in Geological Engineering from the Colorado School of Mines and a MBA from the Wharton School, University of Pennsylvania.
Sanjiv Shah is the Managing Director at Simmons & Company International. Sanjiv joined the Energy Services and Equipment investment banking team at Simmons in early 2008 and has worked on more than 50 successful M&A, strategic advisory and capital markets projects during that time. Prior to joining the firm, he worked for Citigroup for four years in London and Zurich, in Fixed Income Credit Markets and Financial Institutions Group, respectively. In Zurich, Sanjiv worked as a corporate banker covering the banking and insurance sectors and in London, he worked as a controller for the global loans and leveraged finance product groups. In all, Sanjiv has 12 years of investment banking experience. He is originally from Manchester, England, and graduated with a BSc (Hon.) in Economics from the University of Manchester. Sanjiv is an active member of the Petroleum Equipment & Services Association (”PESA”) and serves on its Emerging Leaders Committee.