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Then and Now - February 2012

February 1994 Industry experts predict that Mexico will face a shortfall of at least 8 tcf of natural gas during the period 1994-2010, due largely to slowing economic growth in Mexico, its inadequate natural gas infrastructure, and its current glut of unmarketable high-sulfur fuel oil which is co-produced with the natural gas. $$ How does the DOE view the future of natural gas vs coal vs renewable energy as per its 1995 budget? Their R&D budget numbers tell it all…natural gas $153 million, coal $128 million, and renewables $1.36 billion. $$ Marathon’s Sakhalin Island PSA (production sharing agreement) with the Russians is nearing realization. All that remains is approval by the Russian Parliament (OK) and agreements regarding the project’s tax, legal, and financial constraints (caveat emptor!). $$ In 1993, for the first time in history, the value of natural gas …


SPEGCS: Special Announcement: Top Producer Awards Voting

The Texas Independent Producers & Royalty Owners Association (TIPRO) has partnered with the publishers of Texas Monthly and the Best Companies Group to recognize the greats of the Texas oil and gas industry. Together, these three organizations will design and administer a review process that invites petroleum professionals to cast their vote for those whom they believe are worthy of the title of: Best CEO, Best Engineer, Best Geoscientist and Best Landman.


SPE-GCS Newsletter January 2012

        SPE-GCS e-Newsletter Sponsored by:   Momentive (formerly Hexion), is the world’s largest supplier of high strength and innovative proppant technologies. By leveraging Momentive’s technology from other industries, we have developed advanced resin coated proppants such as Black Pro™ and OilPlus™. For more information, visit fracline.com or momentive.com/oilfield. Events for January 2012 Northside: Evolution of Reservoir Monitoring via Fiber Optic Integration into Deepwater and Land Speaker's Name: Philippe Legrand, Product Line Manager, Fiber Optics, Baker Hughes Day: Tuesday 10-Jan-12 11:30 AM to 1:00 PM Location: Greenspoint Club 16925 Northchase Houston, TX 77060 Summary: For more than 15 years, fiber optic monitoring tools have been used to acquire real time data as to optimize production, monitor well and infrastructure conditions... Register Google Maps | Add to Calendar Drilling: Well Construction Efficiency in the Eagleford: Lessons Learned from Anadarko …


Then and Now - January 2012

January 1962 Chrysler is starting the final evaluation of its gas-turbine passenger car, based on a successful run from New York to Los Angeles. $ The price of wildcat acreage under Cook Inlet, Alaska sky-rockets to $500 per acre. (The paperwork alone costs that much nowadays.) $ The U.S. and the state of Louisiana continue their clash over offshore boundaries. (The Supreme Court is likely to get involved.) $ Iraqis are reportedly miffed because their seizure of Iraq Petroleum operating areas did not lead to the expected rejoicing in other Arab lands, while the company is being pressured to surrender 20% of its ownership along with a larger share of its revenues. $ Shell sets a depth record of 20,800 ft for the Upper Gulf Coast with its Chapman #1 in Waller County (Right in our own backyard). East Texas …


SPE-GCS Newsletter December 2011

E-Newsletter of upcoming events and activities for December 2011 for the Society of Petroleum Engineers Gulf Coast Section.


Then and Now - December 2011

December 1961 World’s first machine that makes line pipe while moving along a right-of-way is introduced in North Texas. On a project near Wichita Falls, 4,000 ft of 8-in. pipe was rolled, welded, and strung in 1 day. $ Blue Water Drilling is in the process of modifying a submersible drilling barge so it can drill while afloat. Look out deepwater…here come the semi’s, the tethered platforms, the spars, and who knows what else. $ Iraq’s fiery premier (No, not Saddam but Kassim) vows to “strike at” the three companies which produce Iraq’s oil if they don’t go along with his demand to drastically reduce the areas in the country in which they operate. $ Pressure maintenance programs spring up across McKenzie County, North Dakota in an effort to squeeze a bit more oil out of the Madison formation. (If …


SPE-GCS eNewsletter November 2011

Untitled Document   Hello [firstname], Calendar Events for November Webinar: Ethics Training - 1 Hr Requirement for Texas P.E. Sponsor: Study Group - Petro-Tech Day: Wednesday 2-Nov-11 12:00 PM to 1:00 PM RegisterAdd to Calendar 28th Annual SPE-GCS Tennis Tournament Sponsor: Tennis Day: Friday 4-Nov-11 4:00 PM to Saturday 5-Nov-11 8:00 PM Location: The Houston Racquet Club 10709 Memorial Drive Houston, TX 77024 Register Google Maps | Add to Calendar YP - The Dream Mile - 5K/10K Walk28th Annual SPE-GCS Tennis Tournament Sponsor: Young Professionals Day: Saturday 5-Nov-11 7:00 AM to 10:00 AM Location: Lost Creek Park 3703 Lost Creek Boulevard, Sugarland, TX 77478 Google Maps | Add to Calendar Northside: Drilling Fluid and Drilling Waste Management in the Fayetteville Shale Sponsor: Study Group - Northside Day: Tuesday 8-Nov-11 11:30 AM to 1:00 PM Location: Greenspoint Club 16925 Northchase Houston, …


SPE-GCS October e-Newsletter 2011

  SPE-GCS e-Newsletter Sponsored by: TIW Corporation has been serving the oil & gas industry for 94 years and is a leader in Liner Hangers, Expandable Systems, Completions, Safety & Kelly Valves and Window Cutting Products. http://www.tiwtools.com Hello [firstname], Calendar Events for October YP: Earth Science Week Family Festival Sponsor: Committee - Young Professionals Day: Saturday 8-Oct-11 11:30 AM to 4:30 PM Location: Houston Museum of Natural Science Register Add to Calendar Petro Tech: PETRIS - Data Management- Friend or Foe Sponsor: Study Group - Petro-Tech Day: Tuesday 11-Oct-11 11:30 AM to 12:30 PM Location: SHERATON BROOKHOLLOW HOTEL 3000 NORTH LOOP WEST HOUSTON, TX 77092 Register Google Maps | Add to Calendar Northside: Reliability Based Design – The Inevitable Evolution in Complex Wellbore Tubular Design Sponsor: Study Group - Northside Day: Tuesday 11-Oct-11 11:30 AM to 1:00 PM Location: Greenspoint …


November 2011 - Then and Now

November 1961 Ten major oil companies place initial orders for aluminum foil cans to package motor oil and plan to do away with the heavier metal cans. (What’s next…plastic containers?) $ Pan American comes up with a new method for making fast, cheap down-hole casing repairs…a steel “casing patch,” which is actually an expandable liner. $ The nineteenth largest free-world oil producing country is about to add a new offshore licensee, namely Tennessee Nigeria, Inc. (Strange name huh? It’s a Nigerian subsidiary of Tennessee Gas Transmission Co.) $ Pure Oil and Montgomery Ward link up to build a combined service station / merchandise retailing / catalogue ordering facility. (What next…a combined self-serve gas station / fast food restaurant?) East Texas crude oil - $3.25/bbl; U.S. active rig count – 1,879   November 1986 Shell Offshore expects to shatter the current …


SPE-GCS September e-Newsletter 2011

Untitled Document   SPE-GCS September 2011 e-Newsletter Sponsored by: Momentive Momentive (formerly Hexion) is the world’s largest supplier of high strength and innovative proppant technologies.  Now, by leveraging Momentive’s technology from other industries, we are developing advanced resin coated proppants to optimize well production.  For more information, visit waterfrac.com or momentive.com/oilfield. Events for September 2011 GENERAL MEETING: THE WORLD ENERGY DILEMMA Sponsor: Study Group - General Meeting Speaker's Name: Louis W. Powers, Powers Petroleum Consultants, President Day: Thursday 8-Sep-11 11:30 AM to 1:00 PM Location: Petroleum Club, 43rd floor, Exxon Mobil Building 800 Bell Street Houston, Texas 77002 Summary: The U. S. economy has relied on inexpensive and abundant energy since becoming a world power. Technical advances in oil and gas discovery and extraction have allowed the world to increase the quantities of proved oil and gas. Unfortunately ... Register …