• CERAWEEK 2025 | March 10-14, 2025
  • CERAWEEK
  • March 10 - 14, 2025

Raoul LeBlanc

S&P Global

Vice President, North American Unconventionals

Sessions With Raoul LeBlanc

Tuesday, 10 March

  • 03:50pm - 04:35pm (CST) / -

    Plenary - Future for North American Shale?
    Upstream Oil & Gas

    Shale production is no longer new. North American shale producers have brought this enormous resource to the surface in quantities that have overwhelmed the market. Yet the sector has been struggling with multiple challenges, and sentiment has soured. What will be the legacy of shale? Will it be a small (and final) chapter in the long history of oil and gas? Or is this a disruption that signals the start of the next phase? How does shale stack up against conventional assets in terms of performance and profitability? Will it be advantaged or disadvantaged in a world of environmental, social, and governance concerns? Why has shale resource development been so slow to take root outside North America? Is that changing? Can companies make shale work financially? What needs to happen for it to deliver consistent and strong returns?

Wednesday, 11 March

  • 11:30am - 12:30pm (CST) / -

    Future of North American Shale: After the slowdown
    Upstream Oil & Gas

    For the past seven years, US shale has been on a relentless quest for growth. Despite price gyrations, US producers have seen themselves as a “disruptive” force seeking to expand volumes. In 2019 and 2020, however, this business model has come under pressure, and producers have dramatically changed their value proposition. What is happening and what are its implications for both players and global markets? What is driving the changing business model? Have convictions changed, or are producers changing their behavior under duress? How durable is this change? Is there a price threshold that would lead to a return to the growth model? Will US unconventional producers succeed in making the transition and will investors care and reward their behavior? How does the lack of US hypergrowth affect the global supply situation? Are we underinvesting? How does this new business model affect longer-term structural changes that may be associated with decarbonization?

  • 07:30am - 04:20pm (CST) / -

    Lyceum Labs: Morning Sessions

Friday, 13 March