HOUSTON – April 23, 2015 – The Global Energy and Infrastructure Practice of the international law firm Greenberg Traurig, LLP recently hosted its third annual Energy State of the Union dinner in Houston. The program featured Tom Petrie, oil pricing analyst and chairman of energy investment banking firm, Petrie Partners. Petrie spoke on the history of oil prices, current trends, and the future of energy development. The event drew more than 125 attendees, including chief executives and senior in-house counsel from global and regional energy companies.
Douglas C. Atnipp and Kenneth M. Minesinger, co-chairs of the firm’s Global Energy and Infrastructure Practice and shareholders in its Houston and Washington, D.C. offices respectively, gave the opening remarks. William Garner, a shareholder in Houston and head of the firm’s renewable energy group, introduced the guest speaker.
“Fluctuating oil prices and geopolitical changes are key issues facing energy market participants of all sizes and in all regions,” said Garner. “Our clients benefited from the insights provided by our distinguished program speaker regarding the impact of energy market dynamics on their businesses.”
In his address, Petrie shared insights on lessons learned from past cycles in oil pricing and major factors that affect current oil prices. He discussed the role of the Organization of the Petroleum Exporting Countries (OPEC) and national oil companies, and explored the impact of oil prices on shale plays in the U.S., Canada, and Mexico.
Petrie is chairman of Petrie Partners, a boutique investment banking firm that offers financial advisory services to the oil and gas industry. He previously served as vice chairman of Bank of America Merrill Lynch. Petrie co-founded Petrie Parkman & Co. and was a former managing director and senior oil analyst of The First Boston Corporation. During his career, Petrie has been an active advisor on more than $200 billion of energy-related mergers and acquisitions.