This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at The North American Frac Sand Exhibition & Conference in Minneapolis, MN.
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Frac Sand Insider 2016 Conference & Exhibition in La Crosse, WI.
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME 4th Annual Current Trends in Mining Finance Conference in New York, NY.
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Petroleum Connection 5th Annual Frac Sand Supply & Logistics Conference in San Antonio, TX.
Will Point-To-Point Distribution Drive Sand Industry Consolidation?Capstone Headwaters
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at The North American Frac Sand Exhibition & Conference in Houston, TX.
Explosive Growth in Frac Sand and Lithium- Lessons To Be Learned?Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME Colorado MPD 67th Annual Conference in Colorado Springs, CO.
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Frac Sand Insider 2016 Conference & Exhibition in La Crosse, WI.
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME 4th Annual Current Trends in Mining Finance Conference in New York, NY.
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Petroleum Connection 5th Annual Frac Sand Supply & Logistics Conference in San Antonio, TX.
Will Point-To-Point Distribution Drive Sand Industry Consolidation?Capstone Headwaters
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at The North American Frac Sand Exhibition & Conference in Houston, TX.
Explosive Growth in Frac Sand and Lithium- Lessons To Be Learned?Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME Colorado MPD 67th Annual Conference in Colorado Springs, CO.
Coping with the new paradigm: What might the industry look like when it all ...Capstone Headwaters
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Industrial Minerals 4th Frac Sand Conference in Minneapolis, MN.
Financing and Investment: Value Propositions and Refinancing in the Industria...Capstone Headwaters
While the overall secular trends for sand is excellent with sand intensity per well continuing to increase (longer laterals, more sand per foot drilled, closer well spacing), the industry is in survival mode trying deal with the new oil price reality. Sand buyers are requiring more in-basin delivery of product, requiring the sand producers to either take over a good portion of the logistics or partner with specialist transportation and logistics companies. Nevertheless, even after providing more services, the net EBITDA margin for sand producers per ton of sand sold continues to drop, from a high of $30 per ton in 2Q 2014, to the current $15 per ton in 2Q 2015. Market trading valuations also show deflation, with the Total Enterprise Value to EBITDA ratio dropping from 23.5x in 2Q 2104 to 6.2x in 2Q 2015.
This report was presented by Joel Schneyer at the IM 3rd Frac Sand Conference in Minneapolis
A data-driven view of frac sand in the US shale plays, Permian, Eagle Ford, SCOOP, STACK, Niobrara. Includes coverage of the anticipated supply of West Texas sand mines in the Permian Basin and the upcoming logistical and water constraints.
PLG CEO and Founder, Graham Brisben spoke at the North American Rail Shippers Annual Meeting in San Francisco, California on May 24, 2017. Mr. Brisben’s presentation North American Energy Insights: Special Focus - Mexico included:
Overview of the current energy market in North America
Information on the key impacts in the rail industry
Emerging opportunities for rail in Mexico
I mformed oilfield_minerals_conf_houston_20170522-schneyer_robinson_final. fo...Susan Humerian
PLG President, Taylor Robinson, spoke at the Oilfields Mineral & Markets Forum 2017 in Houston, Texas on May 23rd. Mr. Robinson presented The Frac Sand Industry New Normal Supply Chain Challenges and Opportunities which included:
Comprehensive look at the current frac sand market
Analysis on proppant demand drivers
Information on regional sand basins
Impacts on logistics and supply chain
Financing and Investment: Value Propositions and RefinancingCapstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Industrial Minerals 3rd Frac Sand Conference in Minneapolis, MN.
North American Energy & Petchem Markets-Future Imapct To RailTaylor Robinson
overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
Lithium and Frac Sands Have Attracted Investor Interest: What Are The Lessons?Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the American Exploration & Mining Association's 122nd Annual Conference in Reno, NV.
-Sandonomics ’17 - Regionalized Value, Distance Matters to the DJ and Bakken was presented on September 13, 2017 at the 5th Frac Sand Conference hosted by Industrial Minerals Events in Denver, Colorado. Taylor Robinson, President of PLG Consulting, and Joel Schneyer, Managing Director at Headwaters MB, provided the latest analysis of the fluctuating frac sand market. The presentation included a look at proppant consumption and grade preferences by basin, insights into the logistical challenges and requirements, and the latest information for frac suppliers to manage costs from the mine to the well head.
schneyer robinson
.5th frac sand_conf_
An investor presentation issued by Rice Energy to accompany their 2Q14 financial and operations update and analyst call. The slide deck is full of details of Rice's assets and operations in the Marcellus and Utica Shale region. Definitely worth your time to review!
Cabot Oil & Gas Marcellus & Eagle Ford Presentation at BOA Merrill Lynch Glob...Marcellus Drilling News
PowerPoint presentation with loads of useful maps and charts that details Cabot's shale drilling program in the northeast Marcellus--in Susquehanna County, PA. Cabot is the lowest price producer MDN is aware of. They estimate in 2014 their breakeven cost to drill--the cost at which they will start turning a profit--is a low, low 80 cents per thousand cubic feet of natural gas ($0.80 Mcf). It is an astonishing number.
Shipping Supply Analysis : planting the seeds of recoveryDaejin Lee
Seaborne dry bulk trade declined 0.1% in 2015 largely due to a 6% drop in coal trade and is unlikely to show any significant recovery in the medium term. However, record levels of demolition and minimal new orders have given some hope for fundamental recovery, though fleet supply is expected to increase in the near term because of the existing orderbook.
Support for recovery
High slippage and cancellation of contracts
Absence of new orders / Shipyard defaulting
Tonnage adjustment through slow-steaming
Difficulties
Highly fragmented ownership across many geographical regions
Massive remaining orderbook / Government backed Shipyards
Low fuel oil cost
Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
The slide presentation used by Cabot Oil & Gas at the November 2014 Merrill Lynch Energy Conference in Miami, FL. The slides provide an update on Cabot's Marcellus Shale drilling program in Susquehanna County, PA, along with details on their new and growing Eagle Ford drilling program.
Shipping supply chartpack 2016 Sample: Container, Tanker, Dry BulkDaejin Lee
In the report, you can find charts covering various statistics on fleet supply.
They are regularly updated (Monthly/quarterly) and specific sector reports are published separately.
Sample charts include below: -
1.Container: Delivery, Scrap, Orderbook and Outlook
2.Tanker: Delivery, Scrap, Orderbook and Outlook
3.Dry Bulker: Cape PMX SMX HSZ Delivery, Scrap, Orderbook and Outlook
[Compliance Notice]
This report has been produced for general information. Whilst care has been taken in the production of this report, no liability or responsibility can be accepted for any loss incurred in any way whatsoever by any person who may seek to rely on the information contained herein.
6월에 발표한 선박 공급 레포트를 현재 보유하고 있는 데이터로 최대한 업데이트 하였습니다.
건화물선은 선형별로 최대한 자세히 다루어 놓았습니다만 6월 자료 그대로인 경우가 많으니 감안하시기 바랍니다.
최근 선박 해체 시장은 컨선이 주도 하고 있고 신조시장은 미미하지만 탱커가 주도하고 있습니다.
결국 전체 해운 시장을 예측하기 위해서는 세가지 주요 선형의 현황을 다 파악하고 있어야 하는 것 같습니다.
현재 공급 상황으로는 가장 먼저 공급 조절이 일어난 건화물선이 향후 시황 상승 기회가 높은 것으로 보입니다.
컨선은 여전히 인도 예정 선박량이 많으나 상당히 많은 Slippage와 Scrap이 진행되고 있는 것은 긍정적으로 평가됩니다.
탱커선은 운임 시장이 변동성이 크지만 여전히 양호한 상황으로 선박 공급과잉에 따른 하락 리스크가 여전히 가장 큰 것으로 보입니다.
감사합니다.
A PowerPoint presentation from Rice Energy used by management on a May 7, 2015 earnings call. Lots of great detail and maps covering Rice's active drilling programs in both the Marcellus and Utica Shale plays.
California’s Combined Cycle Costs in the Age of the Duck CurveScottMadden, Inc.
During the 69th Annual AREGC Conference, Quentin Watkins, manager at ScottMadden, discussed regional considerations of renewable penetration impacts on combined cycle non-fuel O&M costs. This presentation reviews California's combined cycle costs in the age of the duck curve. To learn more, please visit www.scottmadden.com.
Coping with the new paradigm: What might the industry look like when it all ...Capstone Headwaters
This presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Industrial Minerals 4th Frac Sand Conference in Minneapolis, MN.
Financing and Investment: Value Propositions and Refinancing in the Industria...Capstone Headwaters
While the overall secular trends for sand is excellent with sand intensity per well continuing to increase (longer laterals, more sand per foot drilled, closer well spacing), the industry is in survival mode trying deal with the new oil price reality. Sand buyers are requiring more in-basin delivery of product, requiring the sand producers to either take over a good portion of the logistics or partner with specialist transportation and logistics companies. Nevertheless, even after providing more services, the net EBITDA margin for sand producers per ton of sand sold continues to drop, from a high of $30 per ton in 2Q 2014, to the current $15 per ton in 2Q 2015. Market trading valuations also show deflation, with the Total Enterprise Value to EBITDA ratio dropping from 23.5x in 2Q 2104 to 6.2x in 2Q 2015.
This report was presented by Joel Schneyer at the IM 3rd Frac Sand Conference in Minneapolis
A data-driven view of frac sand in the US shale plays, Permian, Eagle Ford, SCOOP, STACK, Niobrara. Includes coverage of the anticipated supply of West Texas sand mines in the Permian Basin and the upcoming logistical and water constraints.
PLG CEO and Founder, Graham Brisben spoke at the North American Rail Shippers Annual Meeting in San Francisco, California on May 24, 2017. Mr. Brisben’s presentation North American Energy Insights: Special Focus - Mexico included:
Overview of the current energy market in North America
Information on the key impacts in the rail industry
Emerging opportunities for rail in Mexico
I mformed oilfield_minerals_conf_houston_20170522-schneyer_robinson_final. fo...Susan Humerian
PLG President, Taylor Robinson, spoke at the Oilfields Mineral & Markets Forum 2017 in Houston, Texas on May 23rd. Mr. Robinson presented The Frac Sand Industry New Normal Supply Chain Challenges and Opportunities which included:
Comprehensive look at the current frac sand market
Analysis on proppant demand drivers
Information on regional sand basins
Impacts on logistics and supply chain
Financing and Investment: Value Propositions and RefinancingCapstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Industrial Minerals 3rd Frac Sand Conference in Minneapolis, MN.
North American Energy & Petchem Markets-Future Imapct To RailTaylor Robinson
overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
Lithium and Frac Sands Have Attracted Investor Interest: What Are The Lessons?Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the American Exploration & Mining Association's 122nd Annual Conference in Reno, NV.
-Sandonomics ’17 - Regionalized Value, Distance Matters to the DJ and Bakken was presented on September 13, 2017 at the 5th Frac Sand Conference hosted by Industrial Minerals Events in Denver, Colorado. Taylor Robinson, President of PLG Consulting, and Joel Schneyer, Managing Director at Headwaters MB, provided the latest analysis of the fluctuating frac sand market. The presentation included a look at proppant consumption and grade preferences by basin, insights into the logistical challenges and requirements, and the latest information for frac suppliers to manage costs from the mine to the well head.
schneyer robinson
.5th frac sand_conf_
An investor presentation issued by Rice Energy to accompany their 2Q14 financial and operations update and analyst call. The slide deck is full of details of Rice's assets and operations in the Marcellus and Utica Shale region. Definitely worth your time to review!
Cabot Oil & Gas Marcellus & Eagle Ford Presentation at BOA Merrill Lynch Glob...Marcellus Drilling News
PowerPoint presentation with loads of useful maps and charts that details Cabot's shale drilling program in the northeast Marcellus--in Susquehanna County, PA. Cabot is the lowest price producer MDN is aware of. They estimate in 2014 their breakeven cost to drill--the cost at which they will start turning a profit--is a low, low 80 cents per thousand cubic feet of natural gas ($0.80 Mcf). It is an astonishing number.
Shipping Supply Analysis : planting the seeds of recoveryDaejin Lee
Seaborne dry bulk trade declined 0.1% in 2015 largely due to a 6% drop in coal trade and is unlikely to show any significant recovery in the medium term. However, record levels of demolition and minimal new orders have given some hope for fundamental recovery, though fleet supply is expected to increase in the near term because of the existing orderbook.
Support for recovery
High slippage and cancellation of contracts
Absence of new orders / Shipyard defaulting
Tonnage adjustment through slow-steaming
Difficulties
Highly fragmented ownership across many geographical regions
Massive remaining orderbook / Government backed Shipyards
Low fuel oil cost
Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
The slide presentation used by Cabot Oil & Gas at the November 2014 Merrill Lynch Energy Conference in Miami, FL. The slides provide an update on Cabot's Marcellus Shale drilling program in Susquehanna County, PA, along with details on their new and growing Eagle Ford drilling program.
Shipping supply chartpack 2016 Sample: Container, Tanker, Dry BulkDaejin Lee
In the report, you can find charts covering various statistics on fleet supply.
They are regularly updated (Monthly/quarterly) and specific sector reports are published separately.
Sample charts include below: -
1.Container: Delivery, Scrap, Orderbook and Outlook
2.Tanker: Delivery, Scrap, Orderbook and Outlook
3.Dry Bulker: Cape PMX SMX HSZ Delivery, Scrap, Orderbook and Outlook
[Compliance Notice]
This report has been produced for general information. Whilst care has been taken in the production of this report, no liability or responsibility can be accepted for any loss incurred in any way whatsoever by any person who may seek to rely on the information contained herein.
6월에 발표한 선박 공급 레포트를 현재 보유하고 있는 데이터로 최대한 업데이트 하였습니다.
건화물선은 선형별로 최대한 자세히 다루어 놓았습니다만 6월 자료 그대로인 경우가 많으니 감안하시기 바랍니다.
최근 선박 해체 시장은 컨선이 주도 하고 있고 신조시장은 미미하지만 탱커가 주도하고 있습니다.
결국 전체 해운 시장을 예측하기 위해서는 세가지 주요 선형의 현황을 다 파악하고 있어야 하는 것 같습니다.
현재 공급 상황으로는 가장 먼저 공급 조절이 일어난 건화물선이 향후 시황 상승 기회가 높은 것으로 보입니다.
컨선은 여전히 인도 예정 선박량이 많으나 상당히 많은 Slippage와 Scrap이 진행되고 있는 것은 긍정적으로 평가됩니다.
탱커선은 운임 시장이 변동성이 크지만 여전히 양호한 상황으로 선박 공급과잉에 따른 하락 리스크가 여전히 가장 큰 것으로 보입니다.
감사합니다.
A PowerPoint presentation from Rice Energy used by management on a May 7, 2015 earnings call. Lots of great detail and maps covering Rice's active drilling programs in both the Marcellus and Utica Shale plays.
California’s Combined Cycle Costs in the Age of the Duck CurveScottMadden, Inc.
During the 69th Annual AREGC Conference, Quentin Watkins, manager at ScottMadden, discussed regional considerations of renewable penetration impacts on combined cycle non-fuel O&M costs. This presentation reviews California's combined cycle costs in the age of the duck curve. To learn more, please visit www.scottmadden.com.
Energy Industry Report: Energy Perspectives - January 2015Duff & Phelps
This edition of Energy Perspectives provides a recap of industry activity in 2014. Despite fairly consistent falling crude oil prices over the past six months, the industry experienced a record number of oilfield (OFS) M&A transactions for the fourth year in a row, achieving 329 announced transactions in 2014. For more detail on recent OFS trends, public comps and deal activity, read the report.
A presentation delivered by Cabot Oil & Gas at the Scotia Howard Weil Energy Conference in New Orleans in March 2016. During the presentation we learn Cabot plans to complete 40 wells in the Marcellus in 2016 and grow production slightly--up to 7% in 2016 over 2015.
State of the Canadian Oilfield Services Industry and 2015 Outlook WebinarMNP LLP
This presentation was part of an online webinar targeted toward Oilfield Services (OFS) businesses. It gives a clear picture of the current state of the OFS industry as well as a forecast for the future, including strategies for taking advantage of forthcoming opportunities and potential challenges OFS operators may face. It also provides an overview of MNP LLP's Oilfield Services team and the assistance we can provide.
Ecovap tower evaporation & the need for a disruptive service-technology suiteJoel Schneyer
Dealing with the large volume of production water co-produced with oil & gas is a large problem that is getting bigger. Industry needs alternatives to reduce injected disposal volumes and seismicity; the ecovap natural evaporation tower solution reduces the volumes at the wellhead.
Presented by Todd Bush of Energent Group at The Energy Forum in Houston, Texas (modified from original to remove sensitive data). The purpose of the Haynesville Refrac Study was to determine operators, service companies, and suppliers involved in refracs. 40 initial completions and refracs were examined to understand economics, performance, and products. Most refracs utilized less proppant & showed ROI within 12 months. Production uplift varied across operators & material used.
The Bakken bubble has burst, production is now falling
The updated model in this study suggests 119 new producers/month are required for 2015 to maintain North Dakota YE 2015 production at 2014 levels i.e. 1.23M bopd – this is comparable to NDIC and other estimates
Assuming the number of new producers stays at 52/month (i.e. Jan/Feb levels) for the remainder of 2015 then, North Dakota 2015 YE production would decline by 27% to 0.90M BOPD
Some analysts suggest the LTO industry could enter a downward spiral by Q4 2015, sustained by weaker oil prices that will result in significantly reduced cash flows and for some, debt to EBITA ratios that violate credit covenants. This will in turn accentuate the decline of production and revenues. Some LTO plays (such as the Bakken) would then become a less attractive proposition as the cycle accentuates
Bakken economics are one of the most challenging of the LTO plays at sustained low oil prices due to the $7-10 discount between ND light sweet and WTI
Some companies are already diverting capital from the Bakken to other LTO plays with higher margins
An updated PowerPoint from COG presented at the Barclays CEO Energy/Power Conference 2015 in New York City, September 2015. Cabot is one of (perhaps THE) most successful drillers in the Marcellus Shale.
BoyarMiller Forum: The Current State of the Capital Markets 2016BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the Current State of the Capital Markets. Speakers included:
- Drew Kanaly, Kanaly Trust – Equity & the Public Markets
- Cliff Atherton, GulfStar Group – Private Equity and M&A
- John Sarvadi, Texas Capital Bank – Commercial Banking & Real Estate Lending
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the Rocky Mountains Mineral Law Foundation- Mining Law Short Course in Westminster, CO
A Primer re Gold Valuations & Development Costs and Private Equity's Role in ...Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME Annual Conference & Expo - CMA 117th National Western Mining Conference in Denver, CO.
The New Industry Paradigm: Industry Specialist Private Equity Investors as Dr...Capstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the SME's 3rd Annual Current Trends in Mining Finance Conference in New York, NY.
Development Stage Gold Companies Value Proposition TimelineCapstone Headwaters
The following presentation was given by Joel Schneyer, Managing Director at Headwaters MB at the American Exploration & Mining Association's 120th Annual Conference in Reno, NV.
Energy equipment & services monthly report – september finalCapstone Headwaters
Crude prices have moderated somewhat after reaching the upper $40
range
–– Prices weakened by rising exports from Iran, elevated inventories, and
weak refinery demand
• US Rig counts continue to improve moderately
–– Since August 12, the US onshore market has added 25 rigs, bringing the
total rig count to 506
–– International rig counts rose slightly by 66 in August
• Refining utilization decreased mildly since last month, and more
substantial declines are expected going forward
–– 300k bbl/d capacity expected to be down for routine maintenance at
times during fourth quarter, excluding economic run cuts or unplanned
downtime
• In Q2 2016, overall solar system pricing fell by up to 7.5%. Utility fixedtilt
and tracking projects in Q2 2016 saw an average pricing of $1.17/Wdc
and $1.30/Wdc, respectively.
• Continued elevated temperatures led to record power demand across
the country, including an
Customer Contact Market Report
HIGHLIGHTS
Outsourcing still provides meaningful cost savings, representing roughly 20% of the total market with approximately 2.0 million outsourced agents located primarily in India and the Philippines.
Technology developments, vendor pruning, and consumer demand push providers to expand their product, service, and channel offerings.20
M&A activity expected to increase steadily in 2017 as corporate profits and consumer spending increases.
FCC onshoring initiatives continue to create jobs within big industry players via organic growth and acquisitions.19
Steady growth opportunities on a go-forward basis as the global customer contact management market is expected to grow to $81 billion by 2018 representing a CAGR of 6.1%.
U.S. based healthcare legislative changes and requirements will increase costs and complexity of compliance.
2015 YEAR IN REVIEW
Advancing technology and differentiation boost growth rates
2015 was an exciting year for the Customer Contact Management (CCM) industry, with huge strides in technology, automation, differentiation, and omni-channel diversification. Customers want to use the channel that most quickly solves their problems, including voice, chat, text, and social media. Corporate services expanded their technology offerings making large technological advances, as witnessed with Amazon's new Alexa -- a virtual assistant that can answer a wide variety of questions from weather to traffic. These technological advances around automation create a surge of efficiency and growth opportunities for CCM businesses. According to International Customer Management Institute (ICMI), nearly 55% of customers want an automated self-service experience, increasing efficiency and decreasing costs for businesses. In addition, 80% of companies plan to use customer service as a way to differentiate themselves from their competition.4
Energy Equipment & Services: Industry Insights & HappeningsCapstone Headwaters
The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
For much of the last decade through 2014, the U.S. energy sector expe¬rienced a bull market sustained by debt-financed drilling programs in emerging unconventional plays and supported by elevated commodity prices. U.S. E&P players, particularly the emerging universe of indepen¬dent unconventional operators, required an array of capital-intensive services that led to a boom in the services industry as well: rigs to handle development drilling; engineering services to handle geological surveys; logistics/infrastructure services to gather, transport, and store various hydrocarbons; and refitting of refineries to process increasing volumes of light oil. This wave of capital spending led to innovation in drilling and fracking technology, taking US production from about 6 million b/d to over 9 million b/d and marking the reversal of a decades-long decline in U.S. domestic oil production.
What’s Inside:
- U.S. Crude Production Oil Outlook
- Sector Updates: Last 12 Months in Review
- Capital Spending Trends
- Current State of the Storage Market
July 2016 Energy Equipment & Services: Industry Insights & HappeningsCapstone Headwaters
The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
The latest issue of our Marketing and Advertising 2Q 2016 Market Update, highlighting trends in M&A, financing, IPOs and capital markets for private and public companies in marketing and advertising, is now available.
The latest issue of our 2Q 2016 Mobile Market Update, highlighting trends in M&A, financing, and capital markets for private and public companies in Mobile, is now available.
Energy Equipment & Services: Industry Insights & HappeningsCapstone Headwaters
The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
Highlights include:
Crude prices continue to dominate the industry’s outlook
1Q results in the OFS space were downbeat, but management teams expressed optimism that a recovery is in its early stages and may begin to be realized in 2017
On the M&A front, the big news in May was the termination of the planned Halliburton-Baker Hughes merger less than a month after the US DOJ sued to block the transaction.
The latest issue of our Q4 2015 Mobile Market Update, highlighting trends in M&A, financing, IPOs and capital markets for private and public companies in Internet Advertising, is now available.
Highlights include:
- M&A activity reached a 3-year high in Q3 2015
- Investment volume and aggregate values slowed from
earlier year highs
- Wireless and diversified infrastructure companies are trading
at a median LTM revenue multiple of 2.1x
- IoT / M2M companies continue to outperform the NASDAQ
and S&P indexes while their counterparts in mobile software
& solutions also remain market leaders
Technology Sector Update: Marketing and Advertising 4Q 2015Capstone Headwaters
The latest issue of our Marketing and Advertising Q4 2015 Market Update, highlighting trends in M&A, financing, IPOs and capital markets for private and public companies in Internet Advertising, is now available.
Highlights include:
- Key themes we are watching in 2016
- M&A activity stayed close to pace in 4Q 2015
- Investment volume and aggregate values rose in Q4 2015
- U.S. Marketing and Advertising public companies continue to
outpace their international counterparts and outperform the
NASDAQ, S&P 500, and MSCI Europe indexes
- U.S. Internet Advertising companies are trading at a media
LTM revenue multiple of 1.0x
• Mega opportunities in P2G and Hydrogen Battery are finally becoming a reality
• New fuel cell companies get spun-off, formed, and funded regularly
• Customers are showing greater comfort with technology through repeat purchases (Verizon and BMW)
• Industry still requires considerable support from regulators in the form of grants, project funding, etc.
• Partnerships and alliances seem to be key for smaller companies to gain global commercial traction
• Starting to see more “marriages” of “project management” companies with “fuel cell” OEMs
• Business models shifting to a service oriented “per unit” sale of hydrogen / power on a turnkey basis
• Requires deeper pockets and cheapest cost of financing
U.S. Internet Advertising companies continue to outpace their international counterparts and outperform the NASDAQ, S&P 500 and MSCI Europe indexes. U.S. Internet Advertising companies are trading at a median LTM revenue multiple of 1.3x, while International Internet Advertising companies are trading at a median LTM revenue multiple of 3.3x. M&A activity reached a 3-year high in 3Q 2015, with 55 deals, after it had dropped in 1Q 2015 and 2Q 2015, with 42 deals and 40 deals respectively, although aggregate transaction value continues to decline. Notable recent transactions include Rubicon’s acquisition of Chango ($100M), Oracle’s acquisition of Datalogix ($1.1B), Twitter’s acquisition of TellApart ($532M), BlueFocus’ acquisition of Domob Network Technology ($289M), and AOL’s acquisition of Millennial Media ($248M). Investment volume and aggregate values declined in 3Q 2015 to 60 investments and $456M in value, from 2Q 2015’s 65 investments and $458M in value. Notable recent investments include Kahuna ($45M), Demandbase ($30M), Panshi ($200M), Lattice Engines ($28M), and Magnetic Media ($25M).
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. Making An Economic Assessment of Frac Sand
The North American Frac Sand Exhibition & Conference
Minneapolis, USA
Joel Schneyer – Managing Director
jschneyer@headwatersmb.com
303.619.4211
April 19, 2016
2. Proppant demand is expected to increase over the next decade
because:
• Operators are using longer laterals
• Overall increase in frac sizes per stage
• Increased number of frac stages per well
• More sand per stage (overpacking), and
• Closer well spacing
2
Secular Demand Drivers for Proppants
3. Source: C.L. Dake, Univ of Missouri School of Mines & Metallurgy Bul. Tech. Ser., Vol. 6, No. 1 August 1921
3
40/70 & 100 mesh
20/40, 40/70 & 100 mesh
Sand Supply - St Peter the Patron Saint of Frac Sand
5. Note - Active proppant mines are defined as sand mine locations reported to MSHA with active operating
hours. If not hours are reported for the quarter, than the mine is deemed as not active for the time period.
5
109
118
122
125
132
150
154 155
149
167
0
20
40
60
80
100
120
140
160
180
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015
CountofMineswithActiveOperatingHours
Sand Supply – Active Proppant Mines
6. • Of the ~ 85 million tons
of sand available, about
66% of the production
capacity is held by the
top 10 sand suppliers
• Unimin, holding the
largest market share of
capacity represents
12.6% of the total
market, while US Silica
has recently surpassed
Santrol (FMSA) to
represent 11% of the
total market
6
Source: NavPort Presentation (April 2015), Canadian Frac Sand Logistics & Market Forecast Summit in Calgary
Sand Supplier Market Share (% Capacity)
8. 8
Source: EnerCom Analytics (August 6, 2015) Shale Production Growth Rates Starting to Wane
? March-2016 ($1.50/MMBtu, $35.00/Bbl)
Returns for U.S. Shale Projects
9. 9
Sources: NavPort Presentation (April 2015), Canadian Frac Sand Logistics & Market Forecast Summit in Calgary
Years 2015 & 2106 HIS/PacWest website published Dec 11, 2015
Demand – Forecast by Basin
Concurrent with the drop in oil price in 2015, proppant demand fell from 110.1
billion pounds (55.1 million tons) consumed in 2014 to an estimated 79.6 to
85.2 billion pounds (39.8 to 42.6 million tons) in 2015
10. • Revenue per ton for resin coated (Fairmont Santrol) peaked in Q3 2014
• Revenue does not equal profitability and does not tell the full story!
1
0
Sources: SEC Edgar, Yahoo Finance, US Energy Information Administration
$41.95$46.42
$57.85
$48.54
$73.16
$97.78$103.35$98.75$97.34
$105.84
$94.10
$94.34
$0
$20
$40
$60
$80
$100
$120
$140
$160
2015Q42015Q32015Q22015Q12014Q42014Q32014Q22014Q12013Q42013Q32013Q22013Q1
Revenue / Ton of Sand Sold
Hi-Crush Emerge US Silica Fairmount Santrol WTI (average)
Sand Supplier - Revenue
11. Sand Supplier – EBITDA Margins
Sources: SEC Edgar, Yahoo Finance
• Increasing amounts of sand coupled with lower demand has reduced sand margins
• EBITDA margins has dropped 80% from “peak” $35 per ton in Q3 2014 to $7 per ton Q4
2015
1
1
$6.85
$8.67
$14.73
$24.83
$31.34$34.97$30.14$27.11$26.22$28.91$23.34$25.94
$41.95$46.42
$57.85
$48.54
$73.16
$97.78
$103.35
$98.75$97.34
$105.84
$94.10
$94.34
$0
$20
$40
$60
$80
$100
$120
2015Q42015Q32015Q22015Q12014Q42014Q32014Q22014Q12013Q42013Q32013Q22013Q1
Adjusted EBITDA / Ton of Sand Sold
Hi-Crush Emerge US Silica Fairmount Santrol EBITDA / Ton Sold (average) WTI (average)
12. FOB MINE
Q3 2014 = $35 EBITDA/t
Sand
Producer
1
2
Source: modified from Raymond James, Global Research Report, August 2014
IN BASIN SALE
Q4 2015 = $7 EBITDA
Frac Sand Delivered Cost to Well Site
18. 1
8
Source: Company and
Private Equity press
releases and websites
Notable Private Equity Activity In the Frac Sand Space Since
2010
19. Source: Private Equity Analyst as cited in Probitas Partners - Private Equity Forecast & Desk Book for 2015
1
9
Commitments to U.S. Private Equity Partnerships by
Sector
20. 2
0
• Fundraising reached record level in 2015, with 62 funds raising a total of
$62.6 bn
Sources: Preqin Natural Resources Online
Annual Natural Resources Fundraising
21. 2
1
• Energy-focused funds continue to be the main driver of fundraising with
76% of all funds closed (47) and 91% of total aggregate capital raised
Sources: Preqin Natural Resources Online
Breakdown of Natural Resource Fundraising in 2015 by
Strategy
22. 2
2
• Spike in average transaction size in Q4 2015 hints at considerable
consolidation at upper end of the space
Median & Average Energy Deal Size
23. 2
3
Source: GF Data
• The so-called “size premium” the reward given to larger businesses over
comparable smaller ones remains high
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0
9.5
2011 2012 2013 2014 2015
TEV 10-25 TEV 25-50 TEV 50-100 TEV 100-250
Valuation Overview – The Size Premium
24. 2
4
Source: GF Data
• Buyers continue to place premiums on size, on above average financial
performance, and on institutional ownership prior to purchase
• The reward is much greater though for larger business (at $100-250 mm
TEV 24% pickup in valuation 9.0x to 11.2x)
Valuation Drilldown (2015) – The Quality Premium
25. In response to the oil downturn and squeeze on their profit margins, sand
producers have:
Final Observations
Page | 25
Idled their high cost production
Reduced transportation costs by utilizing “plus size” unit trains
Developed their own in-basin terminals
Pushed the technology envelope and expanded their product
platform
27. Closing Thoughts
• Shift in sales from FOB mine to “in-basin” sale point has caused
rationalization of the sand supply chain
• TEV / EBITDA multiples have dropped 75% from 23.4x “peak” in 2Q
2014 to 5.8x “trough” in 3Q 2015
• Private Equity likes the alternative investment energy space and has lot
of dry powder
• Size (>$100 mm TEV) and quality do matter and are rewarded M&A
premiums
Headwaters MB named Investment Bank of the Year for the second consecutive
year
INVESTMENT
BANK
OF THE YEAR
INVESTMENT
BANK OF
THE YEAR
2015