Energy & Mining International - Winter 2016 - 41

O IL A
N D GA
S AWA
RDS
FLEUR DE LIS ENERGY

PHOTO CREDIT: Cheryl Roush

WINTER 2016

FDL's main focus is to continue to invest in high-quality assets..

adds. "We saw opportunities to enhance the properties
and put capital into those sites, seeing their divestments
as a chance for us to grow our business."

STRONG FOUNDATION
Although FDL is still young, it has already made significant investments into its technical team. FDL's technical
employees perform rigorous internal engineering and
geological evaluations on every potential acquisition.
FDL then uses these evaluations to make sure it is acquiring the right assets at the right price.
"In an environment with low commodity prices, we
need to make sure we are spending our capital prudently,"
Plunk says.
"The focus needs to be on cost consciousness, and we
have worked to optimize a level of spending that makes
economic sense," he continues. "There is a lot of evaluation around daily expenses as we look for areas where
we can cut costs. When you are in high commodity price
environments, you may be able to take more risks, but
finding the right balance is critical because of current
market conditions."
One of the most important aspects of FDL's business
strategy is to maintain a constant awareness of the activity that is taking place in the market. It is critical that
the company knows what assets are potentially available
and may be divested from other oil and gas companies in
the basins where it has a presence. FDL is striving to be
proactive in that arena so it can quickly evaluate assets
and extend viable offers whenever assets hit the market
for sale.
Over the last few months, there has been a bit of a
disconnection between buyers and sellers due to the vol-

atility and lower commodity price environment FDL has
observed. Although that means fewer transactions have
been taking place, it also means that there will eventually be opportunities for buyers and sellers to agree on
transaction prices if commodity prices stabilize and the

emi-magazine.com 41


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Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
Energy & Mining International - Winter 2016 - 9
Energy & Mining International - Winter 2016 - 10
Energy & Mining International - Winter 2016 - 11
Energy & Mining International - Winter 2016 - 12
Energy & Mining International - Winter 2016 - 13
Energy & Mining International - Winter 2016 - 14
Energy & Mining International - Winter 2016 - 15
Energy & Mining International - Winter 2016 - 16
Energy & Mining International - Winter 2016 - 17
Energy & Mining International - Winter 2016 - 18
Energy & Mining International - Winter 2016 - 19
Energy & Mining International - Winter 2016 - 20
Energy & Mining International - Winter 2016 - 21
Energy & Mining International - Winter 2016 - 22
Energy & Mining International - Winter 2016 - 23
Energy & Mining International - Winter 2016 - 24
Energy & Mining International - Winter 2016 - 25
Energy & Mining International - Winter 2016 - 26
Energy & Mining International - Winter 2016 - 27
Energy & Mining International - Winter 2016 - 28
Energy & Mining International - Winter 2016 - 29
Energy & Mining International - Winter 2016 - 30
Energy & Mining International - Winter 2016 - 31
Energy & Mining International - Winter 2016 - 32
Energy & Mining International - Winter 2016 - 33
Energy & Mining International - Winter 2016 - 34
Energy & Mining International - Winter 2016 - 35
Energy & Mining International - Winter 2016 - 36
Energy & Mining International - Winter 2016 - 37
Energy & Mining International - Winter 2016 - 38
Energy & Mining International - Winter 2016 - 39
Energy & Mining International - Winter 2016 - 40
Energy & Mining International - Winter 2016 - 41
Energy & Mining International - Winter 2016 - 42
Energy & Mining International - Winter 2016 - 43
Energy & Mining International - Winter 2016 - 44
Energy & Mining International - Winter 2016 - 45
Energy & Mining International - Winter 2016 - 46
Energy & Mining International - Winter 2016 - 47
Energy & Mining International - Winter 2016 - 48
Energy & Mining International - Winter 2016 - 49
Energy & Mining International - Winter 2016 - 50
Energy & Mining International - Winter 2016 - 51
Energy & Mining International - Winter 2016 - 52
Energy & Mining International - Winter 2016 - 53
Energy & Mining International - Winter 2016 - 54
Energy & Mining International - Winter 2016 - 55
Energy & Mining International - Winter 2016 - 56
Energy & Mining International - Winter 2016 - 57
Energy & Mining International - Winter 2016 - 58
Energy & Mining International - Winter 2016 - 59
Energy & Mining International - Winter 2016 - 60
Energy & Mining International - Winter 2016 - 61
Energy & Mining International - Winter 2016 - 62
Energy & Mining International - Winter 2016 - 63
Energy & Mining International - Winter 2016 - 64
Energy & Mining International - Winter 2016 - 65
Energy & Mining International - Winter 2016 - 66
Energy & Mining International - Winter 2016 - 67
Energy & Mining International - Winter 2016 - 68
Energy & Mining International - Winter 2016 - 69
Energy & Mining International - Winter 2016 - 70
Energy & Mining International - Winter 2016 - 71
Energy & Mining International - Winter 2016 - 72
Energy & Mining International - Winter 2016 - 73
Energy & Mining International - Winter 2016 - 74
Energy & Mining International - Winter 2016 - 75
Energy & Mining International - Winter 2016 - 76
Energy & Mining International - Winter 2016 - 77
Energy & Mining International - Winter 2016 - 78
Energy & Mining International - Winter 2016 - 79
Energy & Mining International - Winter 2016 - 80
Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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http://www.nxtbook.com/nxtbooks/phoenix/emi_2012fall
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