Okay, it’s impossible to conquer New York. But IPAA came pretty close in mid-April when we held our 18th Annual OGIS New York. OGIS stands for Oil and Gas Investment Symposium and IPAA holds these events in Florida, San Francisco, and London – but New York takes the cake. This year, more than 1800 analysts attended the three-day conference!
It’s unparalleled opportunity for our publicly-traded member-companies to present the portfolio and E&P activities of their companies to New York’s financial sector. Some of the all-star CEOs included Aubrey McClendon from Chesapeake, John Richels from Devon Energy, Janet Clark from Marathon Oil, and Lynn Peterson from Kodiak Oil & Gas Corporation.
On the second day of the conference, NASDAQ welcomed IPAA to New York by inviting us to ring the opening bell. IPAA President Barry Russell along with IPAA leadership and staff (myself included) joined him in this outstanding event. Our logo and faces were plastered up on Times Square for everyone to see.
Then, former Chairman and IPAA’s own media darling Bruce Vincent was interviewed by in the studio on CNBC’s “Street Signs“, where he discussed the oil and natural gas industry’s response to President Obama’s oil speculation regulation plan.
Bruce pushed back against the effort to demonize speculators and investors, who actually bring necessary liquidity into the market. He took a complicated topic and broke it down for CNBC viewers: “One of the concerns that producers have is producers use these markets all the time to hedge our product…we want to be able to hedge and take some of the price risk out. We want to be sure we are still able to do that.”
Please see the IPAA YouTube page for the full video.
There was great press to round up the event, such as AOL Energy, Market Watch, and Wall Street Journal and more. IPAA member Clayton Williams also participated in an exclusive interview live from the event with CNBC’s “Squawk Box.”
It was a great week in the Big Apple. We are always pleased to host this event which brings such value to our member companies, the finance world, and the U.S. economy as a whole.