For the past ten years, the McCombs School of Business has hosted the National Energy Finance Challenge (NEFC). This year’s competition took place on October 17th at the Texas Union in front of a panel of judges selected by major energy corporations. The competition revolved around a business case designed by Chevron. The students had 72 hours to complete two tasks, a full analysis of the case and a presentation of their solution. The case presented asked students to consider several different investment opportunities, as well as potential divestments across several different regions. Students were presented with numerous data points and provided quantitative and qualitative analysis on wide-ranging topics, from production and cash flow to political considerations to arrive at their strategy. The competing universities included some of the top business schools in the country, including MIT, Ross, Darden, Columbia, Wharton, Kenan-Flagler, Tepper, Rice, Purdue, Cornell, Chicago Booth, Tuck, and UCLA.
However, none of these schools were able to top the home team from the McCombs School of Business. Named “Drilling and Thrilling,” the team consisted of five members: Kirk Sisco, Joung Park, Kyle Gabb, Robert Buckwalter, and Eric Franco. The teams in second and third were “Proven Power Resources” from the University of Chicago Booth School of Business and “Oil and GAAP” from the New York University Stern School of Business. It should be noted that the McCombs School of Business students have come in first place in the last four out of five case challenges.