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

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