MAX SILVERMAN, Director & AUSTIN HUGHES, Senior VP of Petrie Partners

A Candid Outlook on 2025 Energy Deal Making

Petrie Partners Director Max Silverman and Senior Vice President Austin Hughes will share their unvarnished perspectives on energy deal making for 2025. Following the wild ride of the past four years, the pair will share the upsides and downsides of potential scenarios.

Petrie hot takes will cover several topics, including:

• A&D: Do core strategies in Permian (and EagleFord) vs. rotation of other basins win the day

• M&A: Will markets continue to reward consolidation and does certain companies become bogged down with their acquisitions

• Private Capital: Will formation remain slow due and will non-traditional financing adequately fill the gaps

• Energy Transition: Will alternative energy investments be necessary for transition and will capital interest in ESG continue to wane or settle out

Max Silverman, Director

Max Silverman started his investment banking career with Petrie Partners in 2014. While at Petrie, Max has worked on over 40 completed mergers, joint ventures, divestitures, acquisitions and financings totaling approximately $100 billon in consideration. Prior to joining Petrie, Max worked offshore and in financial analyst roles for different drilling contractors.

Max’s notable transactions include the merger of Pioneer Natural Resources into ExxonMobil, the restructuring of Extraction Oil & Gas and subsequent mergers with Bonanza Creek Energy and Crestone Peak Resources to form Civitas Resources, the merger of Resolute Energy into Cimarex Energy, California Resource Corporation’s Elk Hills midstream JV with Ares Management, Noble Energy’s mergers with Clayton Williams Energy and Rosetta Resources, the IPOs of Liberty Energy and Jagged Peak Energy, and the sale of EE3’s North Park Basin assets to SandRidge.

Max grew up in Houston, Texas, and earned a B.B.A. in Finance from the Business Honors Program and a B.A. from the Plan II Honors program at the University of Texas at Austin. More information at: https://petrie.com/teams/max-silverman/

Austin Hughes, Senior Vice President

Austin Hughes is a Senior Vice President at Petrie Partners. Prior to joining Petrie in 2019, Austin was an Associate in the Energy Group at Jefferies. Austin has experience in upstream and midstream corporate M&A, asset acquisitions and divestitures and private placements.

Austin has worked with numerous public and private upstream companies on a variety of corporate, asset-level, financing and restructuring transactions, including Pioneer’s merger into ExxonMobil, totaling more than $80 billion in consideration. Austin has also worked with several midstream, downstream and minerals companies.

Austin earned a B.A. in Economics from Emory University. More information at: https://petrie.com/teams/austin-hughes/