Energy investment expo creates job-creating deals - FOX 26 News | MyFoxHouston

Energy investment expo creates job-creating deals

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HOUSTON (FOX 26) -

Before you pumped that gallon of unleaded and even before a petroleum drill bit the dirt, there was first a "deal" that made it all possible - a good many of which are consummated in the heart of Houston, Texas at the North American Prospect Expo.

"They know if they want to do business, they have got to come here and spend some time," said Marty Schardt, executive vice president of the American Association of Professional Landmen.

It is a marriage of sorts between those who bring profitable energy investments to the table and those with the capitol to complete the play.

"They are all looking for those prospects that they can actually invest in so there is a lot of money out on the floor," said Schardt.

We're talking billions of dollars.

"It's an overwhelming positive feeling for the industry," said Schardt.

It's genuine opportunity that's drawn 17,0000 deal makers from 47 countries to the Bayou City.

"With the new technologies we are finding petroleum products in places we've never looked before and its really nice," said Schardt.

Which makes the folks in suits every bit as critical to the oil patch as the guys in coveralls and hard hats.

Bottom line - deals which began on the floor of the George R. Brown Convention center will put thousands of people on pay-rolls and provide plenty of buyers for the energy extracting products and know-how Houston, Texas is selling.

"There's a lot of jobs being created just through a chance meeting, a shake of a hand between a couple of senior executives," said Schardt.

It's hard to pin point just how many jobs the NAPE conference will generate across the country, although over the past five days visiting dealmakers spent $19 million in Houston.

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