5 Tips for Making the Most of an Oil & Gas Conference & Expo

Let's be honest. Conferences are expensive. Very expensive - Registration fees, airfare, auto rental, food – and maybe most of all your time and associated opportunity costs. The list goes on. Both DUG Eagle Ford in San Antonio and the South Texas Oilfield Expo in Corpus Christi are September 18-19, and I know some of you are going to attempt to attend both. Make the most of it.

How much business comes from a conference won't be known until months down the road, but you can make sure you get the most out of the event with the following tips.

Learn more about maximizing your Eagle Ford Advertising

1. Take Notes (It's obvious. You know it and still don't do it.)

Some people call it paralysis by analysis. Conferences are packed full of content and you're meeting new people.  It's easy to overlook the fact that you'll forget most of what you learn before the day is over.

Smart phones make this easy. Use the notes function on your phone or download an app like Evernote that makes taking notes and sharing them across devices very easy.

2. Don't Make Every Conversation & Presentation a Page of Notes

If you are there to learn, write down 1-3 takeaways from each presentation or conversation.

Seriously. For a lot of people, this is why they don't take notes. It's overwhelming and it shouldn't be. If it's more than you can read in a glance, it is too much.

If you are there to meet business contacts, get their business card and write 1-3 things about your conversation on the back of it.

It's amazing how a lead can seem hot at a conference and a few days later you don't even remember their face....err, or they yours.

In your notes, star or highlight the most important things you don't want to miss a week later (your top 10%).

3. Create a Plan & Don't Follow It

It sounds crazy, but most conferences have a structure you should plan around. With that, the conversations in the coffee line or at lunch are often the best.

When you see people wearing a company logo or standing at a company booth you are interested in, introduce yourself.  Serendipitous, unplanned meetings are one of the often missed benefits of a conference. Miss the next presentation if the person is a potential business contact.

Two tips:

  • Quality contacts will last longer and be more valuable than any piece of information learned in one of the presentations
  • Go to the breakout rooms after the presentations you're most interested in. It's a less intimidating setting for the presenter and is where they will let down their guard. The result is you get real answers and not prepared remarks (the company line).

Are you advertising online to complement and bolster your marketing and sales efforts? EagleFordShale.com reaches more than 50,000 readers each month and more than 500,000 unique readers each year. Online advertising demonstrates you and your company understand the “constant on” and mobile device world in which we live.

4. Follow Up With Contacts In Real Time

[sws_blue_box box_size="630"]My experience is that people only follow up with a fraction of the people they meet. It is hard to remember every person and every conversation. Add a time element to a fuzzy memory and we don't act or we send a canned (copy and paste) email that isn't personal and it's hardly effective. [/sws_blue_box]

Use an app like LinkedIn's CardMunch to take a picture of business cards and have information automatically imported into your contact list. You can add the person as a LinkedIn contact straight from the app.

Send a follow up email when you are on a break or when you get to the hotel. If you don't, the statistics indicate you won't.

5. Use Social Media At The Conference

I'm not a natural at social media, so don't expect anything revolutionary from me. What I can say is that the world is on social media and the oil & gas industry is too.

Let me repeat that another way. YOU are on Facebook and use social media in some capacity, so it's not just people that have too much time on their hands.

I've seen everything from small transactions to major business leads come through the likes of Facebook, LinkedIn, and Twitter. These connections are happening every day.

My top three "getting started" social media tips are:

  • Use LinkedIn and Facebook status updates to tell professional contacts and friends you are going to a conference. You'll be surprised. Someone you went to high school or college with is in the oil & gas industry and will comment.
  • Use Twitter to get real time updates at the conference. The event sponsor and many of the attendees will use Twitter while they are there. There is no reason you shouldn't learn from them in real time.
  • If you're naturally social (a salesperson) or you handle marketing for your company, you should be using social media at the conference. Share photos, details about events you are involved in, and interact with the other people at the conference.

We hope the tips above make your next conference the most valuable to date. If you have more ideas, please share them in the comments below.

Let us know if you plan to attend an Eagle Ford Conference soon (Contact Us Here). We'll be sure to stop by your booth to introduce ourselves.

Feel free to contact us through any of the following:

Corpus Christi City Worker Shortage Caused by the Eagle Ford?

It's no secret that the labor market is challenging for employers in South Texas. Tens of thousands of South Texas oilfield jobs have been created since in the beginning of the oil boom, and the total number of direct and indirect jobs created is well above 100,000. When the oil boom started, many people headed to the oil patch for higher pay. Employers who can't offer higher wages have struggled to fill positions.

Corpus Christi has been almost 30 workers short in its street maintenance department and is falling behind on projects. The city plans to raise wages 2.5% and hopes the allure of staying closer to home will increase the number of job applicants.

If you are hiring in South Texas, consider a listing on our Eagle Ford Jobs Board. We have more than 20,000 job applicants from across the nation visit the site each month.

Marathon Oil's Eagle Ford Acquisition Includes 4,800 Acres - $97 Million

Marathon Oil Eagle Ford Acreage Map & Improving Well Performance
Marathon Oil Eagle Ford Acreage Map & Improving Well Performance

Marathon Oil announced three significant items on September 10th. The company plans to repurchase $1 billion in common stock, sell an interest in Angola for $590 million, and complete an acquisition of 4,800 acres in the Eagle Ford for $97 million.

The company didn't release much in regard to the acquisition, but it's safe to assume the acreage will complement the company's current position. Marathon is paying $74 million upfront and $23 million in the form of carried interests.

“We continue to evaluate our portfolio for high-grading opportunities and expect that process to remain evergreen and integral to our forward business plans.”
— Lee M. Tillman, CEO

On an undiscounted basis, the company is paying a little more than $20,000/acre. The deal brings Marathon's core Eagle Ford position up to approximately 205,000 net acres.

When Marathon first entered the Eagle Ford, the company estimated development on 80 to 160-acre spacing. So far in 2013, approximately 80% of the company's development drilling has occurred on 40 to 60-acre spacing.

Read the full press release at marathonoil.com

Calfrac Acquires Eagle Ford Assets With Mission Well Services Deal - $147 Million

Mission Well Services Frac Spread
Mission Well Services Frac Spread

Calfrac Well Services has agreed to acquire Eagle Ford service company Mission Well Services for $147 million.

Mission Well Services is a privately held hydraulic fracturing and coiled tubing service provider in Texas. With the acquisition, Calfrac gains locations in Fairfield, Houston, and San Antonio.

“Mission provides a platform for Calfrac to enter the Eagle Ford shale region and to assess opportunities in other basins in Texas, while adding high quality fracturing and coiled tubing equipment to other Calfrac operating areas.”
— Doug Ramsay, CEO of Calfrac

The deal includes:

  • 157,500 of conventional pumping horsepower
  • High rate blenders
  • Sand handling equipment
  • Three deep capacity coiled tubing units with related fluid and nitrogen pumping units
  • Modern office and yard in San Antonio, TX

Charlie Leykum, Chairman of Mission, stated "We think the transaction is an exciting development for our team at Mission and it is the culmination of three years of hard work, from inception as a greenfield development to a thriving, multi-district pressure pumping company. We look forward to introducing Calfrac to our customers and vendors in the Eagle Ford and surrounding markets."

Calfrac is based in Calgary, Canada, and has operations in Canada, the U.S., South America, and Russia. The acquisition brings the company's total pumping capacity up to 1,181,500 horsepower.

Read the full press release at calfrac.com

Sanchez Energy Adds Eagle Ford Acreage In McMullen County From Rock Oil - $220 Million

Sanchez Eagle Ford Map Aug 2013
Sanchez Eagle Ford Map Aug 2013

Sanchez Energy has agreed to purchase approximately 3,600 net acres with 12 Eagle Ford producing wells in McMullen County for $220 million from privately held Rock Oil. The assets have estimated proved reserves of 11 million boe (81% oil, 8% NGLs, 11% gas) and were producing 2,000 boe/d at the time of the announcement. Development is expected at 60-acre spacing, with potential for 40-acre spacing.

The deal adds a new primary development area for Sanchez named "Wycross" in McMullen County. The acreage is not shown on the map, but will be located just to the southeast of the "Cotulla-Maverick" area. A rig will be moved into the area in late 2013 and will begin a continuous development program.

“The Eagle Ford assets we are acquiring, which are named Wycross, provide an excellent combination of high quality production and reserves with a continuous development program for at least the next two years. The profile of these wells with average 24 hour initial production rates in excess of 1,000 BOE/D and average 30 day initial production rates in excess of 800 boe/d rival some of the best wells in the Eagle Ford.”
— Tony Sanchez III, CEO

Other highlights include:

  • Company-wide production grows to 13,500 boe/d
  • Fourth quarter production guidance is increased from 13,000-15,000 boe/d to 15,000-17,000 boe/d
  • Updated 2013 plans call for the drilling of 56 net wells and completion of 40 net wells for $420 million
  • Total 2013 budget including expenses for facilities, leasing, and G&G is $470 million
  • Plans for 2014 call for spending of $660 million to drill 76 net wells and complete 79 net wells
  • Total 2014 budget including expenses for facilities, leasing, and G&G is $700 million
  • 94% of spending in 2014 will target the Eagle Ford

Sanchez has assembled close to 145,000 net acres in the Eagle Ford and estimates its drilling inventory in the play is near 1,750 wells.

Sanchez will fund the acquisition and portions of its 2013 and 2014 capital budgets with the issuance of 8,000,000 shares of common stock and the private placement of $150 million in senior notes. The two offerings are expected to raise more than $300 million.

From a production perspective, Sanchez paid $110,000/flowing boe and from an acreage perspective the company paid a little more than $61,000 per acre. In reality, there was a separate allocation of value to the undeveloped acreage and to production.

Read the full press release at sanchezenergycorp.com