Veriten

Great insights from yesterday's conversation at the Ion Houston between Dan Ammann, President, ExxonMobil Low Carbon Solutions, and Maynard Holt, Founder & CEO, Veriten: * The world has a dual energy problem.?50% of the world lives in energy poverty.??We need to meet the growing energy demand for those individuals but reduce emissions at the same time.? * ExxonMobil is one of the few companies with the resources and scale to make a significant impact….and XOM can bring the expertise, talent, rigor, and resources to the problem. * Low Carbon Solutions is focused on hydrogen, carbon capture and storage (CCS), and lithium, because these three areas leverage ExxonMobil’s existing technology strengths and are adjacent to existing ExxonMobil businesses. * Low Carbon Solutions has opted not to pursue wind and solar because there are other companies that have built expertise over a 25-30 year period, and these are not existing capabilities within the company. *?Some people question whether the world afford the costs to get to net zero emissions.??Dan’s belief is yes...there is a path to get to net zero that will be achieved through technology innovations to reduce the cost of abating CO2 emissions.??For example, ExxonMobil has already reduced the cost of CCS in half.? The fireside chat was introduced by Nick Clausi, VP of Research for ExxonMobil Technology and Engineering Company. Over 400 individuals registered to attend. Rice Alliance for Technology and Entrepreneurship + Rice Innovation

We are honored to host Dan Ammann, President, ExxonMobil Low Carbon Solutions, on Thursday, Nov. 21 at 9am at the Ion Houston, for the next installment of our Visionary Voices series. The fireside chat will be led by Maynard Holt, the founder and CEO of Veriten, formerly CEO of Tudor Pickering & Co. This will be an opportunity to learn about Low Carbon Solutions’ transformative projects and investments aimed at bringing lower-emission technologies like hydrogen, lithium, and carbon capture and storage to market, making them accessible to carbon-intensive industries worldwide. Join us at 8am for a networking breakfast. No charge, but register here: https://lnkd.in/gAgrS73j Dan Ammann, joined ExxonMobil in 2022, from a career spanning Wall Street (managing director at Morgan Stanley), Detroit (president of General Motors), and Silicon Valley (CEO of Cruise). In 2023, Dan was named to?TIME Magazine’s?first-ever TIME100 Climate List, a list highlighting “100 of the world’s most influential leaders driving climate action in business.” Free parking (up to 3 hours) at 4203 Fannin. Rice Alliance for Technology and Entrepreneurship, Rice Innovation

Today we were honored to host #Mayor Lori Blong of Midland. Lori is a proud #Midland native and previously served on the Midland City Council and as Mayor Pro Tempore before being elected Mayor in 2022. In addition to her duties as Mayor, Lori is a Founder and Partner of Octane Energy. She began her career as an educator in the #Permian Basin and has deep ties to the community. We were thrilled to hear her insights on the Midland energy sector and broader community.

Today we had the pleasure of hosting Michelle Manook, CEO of FutureCoal Limited, for an insightful discussion on #coal from a #global perspective – an important yet often overlooked topic. Michelle joined FutureCoal in 2019 and previously held senior roles at Orica, Archer Energy, LLC, Brockman Mining Limited, and Woodside Energy. As CEO, she leads FutureCoal’s mission to support key players across the coal value chain and advocates for balanced and inclusive #international energy policies that respect the sovereign rights of coal-producing and coal-consuming nations. We were delighted to visit with Michelle.

Happy #VeteransDay to all who served and Happy #RemembranceDay for our British, Canadian, and Australian friends. Today (and every day), we thank you and your families for your service and sacrifice. With the #election behind us and the transition of a new administration on the horizon, we brought together three esteemed friends of the firm and previous #COBT guests for a Special Edition of COBT. We wanted to brainstorm with them what happens next in energy policy-making. We were honored to host Anne Bradbury, CEO of the American Exploration & Production Council (AXPC), Bill Flores, CPA, Vice Chairman of ERCOT, former Congressman, and Veriten Senior Advisor, and Maria Korsnick, CEO of the Nuclear Energy Institute (NEI). Each of these leaders has been a strong advocate for energy in #Washington and brings deep insight into the complexities of #energy #legislation. Arjun Murti, Brett Rampal and Maynard Holt were thrilled to join and hear their immediate reactions and perspectives on what the incoming administration could mean for the future of energy.

Welligence is delighted to welcome Arjun Murti, Partner of Veriten and publisher of Super-Spiked, to the Board of Directors. Arjun brings extensive experience to Welligence having spent over 30 years on Wall Street as an equity research analyst, advisor, and board member covering the global energy sector. Since November 2021, Mr. Murti has published Super-Spiked, a Substack newsletter and podcast about the messy energy transition era. ? The bulk of the first 22 years of his career was spent at Goldman Sachs, where he retired as a Partner in 2014 while also serving as Co-Director of Americas Equity Research and as an Equity Research Analyst. Prior to joining Goldman in 1999, Mr. Murti was a buy-side Equity Research Analyst at J.P. Morgan Asset Management. His career began in 1992 at Petrie Parkman & Co, a Denver-based oil & gas boutique investment bank. ? In addition to his role at Veriten, Mr. Murti is currently serving as a Director of ConocoPhillips, a Senior Advisor to the Energy Group at Warburg Pincus, and as an Advisory Board member for Columbia University’s Center on Global Energy Policy, ClearPath, and the India Advisory Board at The Nature Conservancy. Mr. Murti previously served on the board of RS Energy Group, which is now part of Enverus. Welcome to the team, Arjun!

I am beyond excited to formally welcome Arjun Murti to the Welligence Energy Analytics Board! Arjun's experience, wisdom, and, above all, his enthusiasm for the energy industry are a huge boost for our company as we continue to expand into new areas. Arjun and I first crossed paths nearly a decade ago at Warburg Pincus, and since then, I have followed his newsletter and podcasts on everything related to energy (highly recommend subscribing to Super-Spiked if you don't already). It's a true full-circle moment to be working together again! Welcome aboard, Arjun!

Today we had the honor of hosting Senator John Cornyn of Texas, who has served in the US Senate since 2002 and is now in his fourth term. Senator Cornyn has been a steadfast advocate for #Texas interests and supports policies that promote responsible domestic traditional #energy #production while exploring new energy sources to strengthen US energy #independence. Senator Cornyn has held several key #leadership roles including #Republican #Whip and currently serves on the Senate Finance, Intelligence, and Judiciary Committees. Before joining the #Senate, Senator Cornyn served as a district judge, a member of the Supreme Court of Texas and Texas Attorney General. We were thrilled to connect with Senator Cornyn for an election, energy and geopolitical focused discussion one week away from the 2024 #Presidential #Election.

Today we had the privilege of hosting Peter Lake, former Chairman of the Public Utility Commission of Texas (PUCT). Peter was appointed by Governor Greg Abbott to stabilize and strengthen the #Texas electrical #grid following Winter Storm #Uri in 2021. He concurrently served as a Board Member of ERCOT and concluded his term with the #PUCT in June 2023. Previously, Peter chaired the Texas Water Development Board. Since leaving public office, Peter has served as an independent strategic #advisor and technical #consultant through his firm, Cardinal Rose LLC. We were thrilled to welcome Peter to our offices in #Houston for a discussion of power systems broadly and his incredible experience tackling the Texas grid problems after the tragic events of February 2021.

?? Veriten is proud to support #EnergyDayHouston this weekend! ?? We’re excited to support this year’s Energy Day hosted by @CEEF_STEM. This event offers a fantastic opportunity to explore cutting-edge technologies, participate in hands-on STEM activities, and network with industry experts. Energy Day is the perfect opportunity to inspire our little ones with the wonders of science, technology, engineering, and math in a lively and engaging environment. Plus, it’s a fantastic way to spend time together as a family and enjoy a beautiful day outdoors. Let’s inspire the next generation of innovators! ?? Date: October 19, 2024 ?? Location: Sam Houston Park We hope you plan to join!! #EnergyDayHouston #STEMeducation #FutureInnovators #STEMevents #FuelingTheFuture Thanks to David Holt for getting us involved!