I'm trying to prep for an interview, and can't quite decide what to say if they ask me for the catalysts, macro events and profit drivers behind the industry. Maybe its just that oil's such a huge market and a good benchmark for the economy, I can pretty much go anywhere with this. But I want to nail the interview...so what kind of things are they looking for? I'm interviewing for energy in general, but 90% certain they're looking to match me up with the oilfield services analyst.

I figured I'd touch on things like
- global supply/demand: political stability, economic health, natural disasters, speculators

Long time lurker, first time poster. I was accepted to Booth (no $), Tuck ($) and McCombs ($$$) and I am still trying to make a decision on the school I should attend next year. My post-MBA goal is to work in Houston, either in O&G IB (indifferent between BB and boutiques) or in management consulting (MBB, Booz, Deloitte).

I am currently working in HY DCM for a 2nd tier bank in terms of reputation but 1st tier bank in terms of DCM league table (large European bank doing relatively well compared to peers).

If I were looking to get into energy banking in houston, how would I go about it from an east-coast target school? It seems they like to recruit in-state, so would I be at a disadvantage.
Any advice is appreciated.

Hey folks, first post here. I figured I'd finally register to get some input on something I can't find anywhere.
So there's lots of talk about valuing upstream oil producers, even courses on it through BIWS/etc, but what about valuing the upstream service providers, ie fracturing companies? Would you just use a lightly modified DCF model, dependent on the price of the underlying commodities? Are there any books/etc that discuss this side of things?

Does anybody know who advised in the Cheniere and BX deal if any where used at all? Checked IHS and google'd it but haven't had any luck. Thanks.

I've done many searches on energy/O&G/Houston banking and I see that many of the exit opportunities are limited to buy side roles in energy focused private equity shops or hedge funds

Can somebody shed some light on why the experience in energy IBD is different from other industry groups like tech or industrials? Different methods of modelling? or do generalist PE shops just not want to go down to HOU to recruit? Thanks.

http://www.razume.com/documents/23865

Background:

I work for one of the major intergrated oil companies (chevron, total, conocophillips). I have been here for a full year now and now I'm wanting to break into IB. I've had a few interviews but I haven't been able to land an IB position.

I thought my resume was ok but I want to be in the best postion possible when I start applying to energy banks again next week. Can you guys please take a look at my resume and let me know if there is anything that I should change or improve on??

Also, I went to a non-target. And, I'm in a rotational program at this company (don't know if should mention this in my resume or not??). I guess I'm looking for any kind of edge at this point.

Thanks.

Hi People,

this is my first post here and i'm looking to seek some advice. I am starting out with oil and gas valuation and modelling.

there is basic valuation model online which i found at

http://www.marketoracle.co.uk/Article16413.html

it states:

"As an example, he said to assume that base production in a hypothetical North American oilfield is worth $60,000-$80,000/boepd."

"So if Company X has 500 boepd of production with reserves, the independent report might say it’s worth $35 million (500 x $70,000/boe). "

& later

"That would make the total possible value of the deal worth $167 million ($35 million for base production + $132 million for undeveloped land), or $335,000 per flowing boe ($167M/500 boepd)."

Goldman is going to be opening a physical commodities trading office in Houston. The office will trade crude, refined products, natural gas liquids and coal.

I was wondering what other BB's have physical trading offices in Houston. If it isn't many, will others follow in Goldman's footsteps and create offices in Houston? Also, does anyone know if they'll be a trading floor in Exxon's new campus in The Woodlands or is the whole trading operation staying put in Irving.

It'd be great to have Goldman present at the Energy Rodeo next year, let's see if monty can make it happen.

If the adding of physical trading offices is a continuing trend I think it adds to the value of energy focused university programs, as most placements are in the Houston area. Any differing opinions?

So, I've already taken Wall Street Training, the Advanced Financial and Valuation Modeling course. I had no experience prior to the course, so I learned quite a bit about DCF, EV, Market Comps, etc.

Now, Wall Street Prep is hosting a training seminar at my b-school this spring. It is a course specific in O&G valuation, accretion/dilution, etc.

Have any of you taken either or both of these course? If so, what did you think?

Also, one more thing, do these training courses bring any value to one's resume? Do the BBs even consider those courses to be worth a shit?