Rystad: Latest Views on the US Lower 48 Upstream and Oilfield Services Space

Rystad Energy will present their latest views on the US Lower 48 upstream and oilfield services space. The talk will discuss how operators might tweak their corporate strategies (buybacks, dividends, debt management etc.) given lower commodity prices. Rystad Energy will also focus on the macro fundamentals as it relates to oil and natural gas markets with respect to supply, demand, storage levels etc. and how that will influence decision making for US independents with respect to their drilling and completions programs. Service price deflation and improving efficiencies are two levers that have allowed operators to protect margins but have led to balance sheets for oilfield service companies to come under immense pressure. There will be winners and losers in the space, and the talk will address topics as it relates to the future for the drilling, pressure pumping and other oilfield service markets.

Mark Quesada serves as the VP of North American Oilfield Service Solutions, focusing on all verticals of Oilfield Services across the USA and Canada, including drilling, fracturing, sand, water, and chemicals. Prior to joining Rystad Energy, Mark spent 14 years in various roles, from Production Engineering to Acquisitions and Divestitures, at several E&P companies in the Western Canadian Sedimentary Basin. He also held positions in Corporate Development and Financial Planning and Analysis with two oilfield service companies in Canada.

With expertise in production and operations engineering, acquisitions and divestitures, financial planning and analysis, financial modeling, and oilfield services, Mark brings a wealth of knowledge to his role. He holds an Engineering degree from the University of Calgary's Schulich School of Engineering and an MBA from the Haskayne School of Business at the University of Calgary.

Matthew Bernstein is Vice President of North America Oil & Gas at Rystad Energy, and the Product Manager of Rystad’s Shale Upstream Solutions. Matthew is a recognized market expert focused on the US Lower 48 upstream sector, delivering clients, the media, and the broader industry with analysis on the latest trends on production, M&A, and corporate strategy. Matthew graduated cum laude with a Bachelor of Science degree from Georgetown University’s Walsh School of Foreign Service, where he majored in International Politics with an Honors Certificate in International Business Diplomacy.