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Permalink Reply by Skip Peel - Mineral Consultant on February 12, 2013 at 13:05

Yes, congratulations, Jay.  Did you see any trends in the prospects offered?  Particularly, less oily prospects and more wet gas prospects?

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Permalink Reply by Dion Warr, CPL on February 13, 2013 at 5:16

Group:

 

Crowd did not appear smaller; restructuring of the floor plan resulted in wider aisles  and consequently some better air movement through the pavilion.    Less stuffy = perceived smaller numbers.

 

What was apparent was the presence of more adjunct interests not directly tied to buying and selling of prospects, which some exhibitors found troublesome.  There were a lot more booths related to land services, lender services, VC and other financing,law firms, seismic / geophysical, etc.  I personally heard several complaints by exhibitors about certain interests actively soliciting for services from prospect purveyors on the floor, to the point that exhibitors just about had to "run them off" to continue speaking to potential buyers and investors.

 

I found that there were a number of conventional and unconventional prospects available, although less emphasis on conventional then conventional, more liquids heavy than gas - IMO that's just reflective of the current state of the industry.  The pendulum appeared to have swung back towards traditional prospects than just a few years ago, but emphasis on oil bearing shales - Eagle Ford, Utica, TMS, generally in that order was prominent.

 

With respect to LA, I was happy to see prospects in S LA starting to return to the exhibition; there were hardly any just a few years ago, but I still would like to see a few more personally.  There were a few folks showing some N LA prospects (not HA related) and blocks for sale or promote.

 

Jay - I didn't see you (I don't think).  What booth were you in?

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Permalink Reply by Dion Warr, CPL on February 13, 2013 at 15:35

Jay:

Guess you don't remember your booth number?  Lol.  Message me if you don't want to put it out here.

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