News Release

EIR’s Andy McConn testifies before Congress on navigating Gulf of Mexico’s offshore challenges

Without shift in incentives such as higher prices or opening new areas for exploration and development, activity could dry up

byEnverus

AUSTIN, Texas (April 15, 2024) — Enverus, the leading generative AI and energy-dedicated SaaS company, announced today that Andy McConn, director and head of Commercial Intelligence at Enverus Intelligence Research (EIR), will testify before the U.S. House of Representatives Natural Resources Subcommittee on Energy and Mineral Resources at 9:00 a.m. ET Thursday, April 18, 2024. The oversight hearing, titled “Assessing Solutions to Secure America’s Offshore Energy Future,” will take place in Longworth House Office Building 1324.

McConn will testify about domestic offshore energy development and provide a commercial perspective about the region and its role in the global energy market. EIR’s analysis suggests that U.S. offshore oil and gas production is unlikely to grow for the foreseeable future without a significant shift in incentives such as higher oil prices or opening new areas for exploration and development.

McConn’s full testimony is available upon request.

Hearing Details
Date: April 18, 2024
Time: 9:00 a.m. ET
Location: Longworth House Office Building 1324

Watch/view remotely at: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=415851

Additional Resources:

About Andy McConn:
Andy McConn leads the Commercial Intelligence team and deepens Enverus’ group of technical and financial specialists by contributing to company valuations and play modeling. Prior to joining Enverus Intelligence Research in 2019, Andy worked as an analyst for energy-analytics and E&P businesses for a decade. He holds a B.A. in Corporate Communication with a minor in Economics from the University of Houston and is based in Houston, Texas.

Enverus Intelligence ® | Research, Inc.
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. EIR is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser. Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers.

Media Contact: Jon Haubert | 303.396.5996

Picture of Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Related News

Enverus Press Release - DUC Hunt: What the 2025 drawdown means
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets.

Enverus Press Release - Class VI wave expected to hit US
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report and overview focused on recent changes and additions to the growing list of Class VI...

Enverus Press Release - E&Ps with natural gas + CCS pave way for model data center development
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has developed new capabilities to help site data centers using data sets focused on onshore fiber cables, substation withdrawal...

Enverus Press Release - Lessons learned from Eaton and the risk of wildfires spread by transmission lines
News Release
ByEnverus

With the devastating wildfires near Los Angeles nearly 100% contained, Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report analyzing wildfire risk levels across...

Enverus Press Release - Enverus PRISM® now available for Europe
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is expanding PRISM, its hallmark energy decision-making platform to customers in Europe.

Enverus Press Release - Upstream M&A climbs to $105 billion in 2024
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of Q4 and full-year 2024 upstream M&A activity.

Enverus Press Release - Volatile oil prices and counter-consensus natural gas supply growth leaves EIR a touch bearish
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030,...

Enverus Press Release - Enverus honored as one of Alberta’s leading employers
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has again been named to Alberta’s Top Employers list by Mediacorp Canada Inc., organizers of the annual Canada's Top 100 Employers project.

Enverus Press Release - Enverus releases 2025 Global Energy Outlook
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its 2025 Global Energy Outlook, an e-book focused on pivotal North American and international energy landscape trends and opportunities expected this year.  

Find Out How Enverus Can Help Your Business

Subscribe to the Energy Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Get Started

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert