RS Energy Group

RS Energy Group (RSEG), formerly the Ross Smith Energy Group, was founded in 1998 and evolved throughout the unconventional resource revolution. Structuring the organization and evaluating assets like an E&P company allowed RSEG to provide a new form of fundamental equity analysis to institutional investors. RSEG’s independent, unbiased energy research emerged as a unique and comprehensive approach, bridging the gaps between geological, operational and financial analysis to support real, actionable investment decisions.

By 2002, RSEG began publishing reports on emerging plays, identifying prospective fairways and valuing the tradable securities of companies with exposure. These distinctive reports included analyses on the Pinedale Anticline, the Barnett shale and the Marcellus shale. Around this time, RSEG also recognized its unique ability to use well-level analysis to support macro conclusions, and its flagship report series – “No More Guessing” – was born. These reports continue to provide clients with supply cost curves, base decline analysis, rig-based oil and gas production forecasts and resource dispatch curves that inform near- and long-term commodity price views.

As RSEG continued to develop into the global standard in energy intelligence, it caught the attention of Investment Technology Group (ITG), a leading brokerage and financial market technology firm, and was acquired in 2011. RSEG’s growth remained uninterrupted as it began to position its research solutions and competitive intelligence in front of some of the largest E&P companies in the world.

By late-2015, RSEG had strengthened its team of engineers, economists, physicists, geologists, developers, CFA charter holders and mathematicians – all with a knack for forensic-style research – and, in December of that year, private equity heavy-hitter Warburg Pincus acquired RSEG from ITG.

Today, RSEG’s research covers more than 150 companies operating in every key North American and many international energy plays with a powerful combination of practical intelligence at the asset level and a long-standing participation in capital markets. RSEG’s independent, unbiased and accurate analysis forms a foundation of trust with its clients. Its collaborative approach, both internally and as an extension of its clients’ research efforts, promotes innovation and fosters intimate, long term partnerships.