Ahead of the North America Assembly 2019, we asked select speakers what their views are on key topics. Here are their answers
What technology has been the most disruptive to oil and gas in North America?
I would say that Fracking has been the most disruptive technology with respect to the North American oil and gas industry.
Fracking has freed up a tremendous amount of oil and natural in the United States. So much so, that the U.S. has surpassed Russia and Saudi Arabia as the world’s largest producer of crude oil. Additional natural gas production (as a result of fracking) has also allowed the United States to reduce its overall carbon emissions as the country has moved away from coal generated electricity and replaced it with more natural gas fired power plants. Geopolitically, fracking has also reduced the United States’ dependence on foreign energy supplies thereby allowing the United States to move closer to energy self sufficiency.
David Chelich, Head – Global Energy, Toronto Stock Exchange (TSX)
David will be presenting a keynote on ACCESS & OPPORTUNITY IN CANADIAN CAPITAL MARKETS at the 2019 North America Assembly
The combined adoption of IT Security technologies with a lack of management platforms inside the process control, SCADA, and PLC systems has been disruptive. Many of these technologies demand the creation of an integrated IT/OT SOC or, a minimum, an Operational Technology SOC with trained resources who understand both IT and OT skillsets and language.
John D’Annunzio, VP – North America, Cyberbit
John will be speaking on the THE IMPACT OF DIGITAL, IoT, AND AI TECHNOLOGIES IN THE OIL & GAS SECTORPANEL at the 2019 North America Assembly.
What is the biggest misconception about the royalties and minerals marketplace?
There have been some bad actors in this space claiming to be buyers, when in fact they are really brokers with no financial backing. Many mineral and royalty owners have been walked away from on closing day having been various excuses by the broker. Because of this, sellers often have the misconception that actual buyers like ourselves are playing the same game.
Chris Bentley, President, Bellatorum Resources
Chris will be speaking on the MINERALS & ROYALTIES AGGREGATORS PANEL at 2019 North America Assembly.
That it is easy to make money in the royalties and minerals marketplace. When Royalty Clearinghouse was founded in late 1999, there are only handful of companies doing what we do at scale sprinkled in with a large number of “mom and pop” shops, but today the competition is endless. From many aggregators like us to private-equity backed companies to the recent trend of public mineral and royalty companies, staying relevant and “top of mind” among sellers is paramount. One way we stay relevant is by living our vision day in and day out, to serve one royalty owner at a time through collaboration, transparency and honesty. We take this to heart with a servant’s mindset and a focus on educating the royalty owner before the sale. Regardless if an owner chooses to sell to us, we want the service experience to be the same.
Marc Zimmerman, President & Chief Operating Officer, Royalty Clearinghouse
Marc will be speaking on the MINERALS & ROYALTIES AGGREGATORS PANEL at 2019 North America Assembly.