Vaquero Capital Energy Tech Market Update 2014
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Vaquero Capital Energy Technology market perspectives
Transcript of Vaquero Capital Energy Tech Market Update 2014
2/3/2014 1 1
DAVID GROVE O: (415) 798-2303
STEFAN GERHARD O: (415) 539-0688
IRFAN IQBAL O: (415) 798-2301
ENERGY TECH INDUSTRY UPDATE
2014
AMISH PATEL [email protected]
JARED MELILLO [email protected]
TERRY JIANG [email protected]
2/3/2014 1 2
Massive Global Unconventional Opportunity
Most significant capital deployment in the next 30 years
United States
1,100 horizontal
wells
24TCM shale gas
50Bn barrels of
tight oil
$1.2Tn Upstream CAPEX
next 7 years
$150Bn CAPEX per year
Global
150 TCM shale gas
280Bn barrels of
tight oil
$5+Tn Upstream CAPEX
Next 7 years
$500+Bn CAPEX per year
$300 $200 $80 $500 $150 $50 $40
Est CAPEX By Country ($ BN)
2/3/2014 1 3
US production is rising… as are the number of rigs… With a substantial increase in spending
Global E&P Market = Massive, Growing & Changing
Unconventional and increased conventional complexities driving lower cost energy demand
US 50Bn barrel tight oil
$1.2Tn E&P spend
Int’l 280 Bn barrels of tight oil
$5Tn potential global
Global CAPEX may increase 5x in next 7 years with the same number of professionals (GG&E)
Technologies need to produce better answers with fewer people
2/3/2014 1 4
Supply Environment Driving Infrastructure
Conventional becomes more costly
Deep water
Remote regions
Unconventional requires:
Yield optimization, real time development & production data
Integration between GG&E
Better decision support with fewer geophysicists and geologists
International Opportunity
Global production accelerates: South America, Asia, Eastern Europe
Better and faster answers are needed
Supply driven infrastructure, demand, and focus on data integration & analytics
2/3/2014 1 5
Integration of GG&E Silos Critical
Sil
os
Geology Engineering Operations
Better answers from integrated data and analysis
Real-time operational support
Integration of work flows
Da
ta
Geophysics
Need to “TIE IT ALL TOGETHER”
2/3/2014 1 6
Upstream Oil & Gas Market Map
Land G&G Eng/Ops Finance
Suite Vendors
2/3/2014 1 7
Selected Vaquero Case Studies
Series A Preferred Equity
$166,250,000
February 2012
TRANSACTION SUMMARY
$166M Series A
COMPANY OVERVIEW
Leading SaaS analytics for Oil & Gas
TRANSACTION DETAIL
Executed a full process, received 20+ bids
Achieved premium valuation and clean
terms in a majority recapitalization
Vaquero invested in Drilling Info
June 2013
Has been
acquired by
TRANSACTION SUMMARY
Strategic advisor to Drillinginfo (DI)
COMPANY OVERVIEW
DI is the leading SaaS platform for Oil & Gas
Transform is leading O&G analytics platform
TRANSACTION DETAIL
Highly strategic asset for Drillinginfo
Utilized stock consideration at a significant
premium to last round
Raised mezzanine debt capital
TRANSACTION SUMMARY
$35M recapitalization
COMPANY OVERVIEW
Safety and compliance SaaS for food
production vertical
TRANSACTION DETAIL
30% premium to publicly-traded peers
Highly efficient closing process – 28 days
Vaquero invested in Alchemy
Recapitalization
$35,000,000
December 2012
