Jan. 16, 2008


Join the SPE-GCS Business Development Study Group (BDSG) for the “$100 / Barrel View” of these select industry participants and identify what related opportunities may be available for your company in the current and forecast era of high prices. Review their business plans, hear of their successes, and meet their Business Development teams to discuss where a “win-win” deal can be achieved. 

The popular format of a Business & Social Networking hour, with complimentary Hors D’ Oeuvres and a cash bar, followed by an hour-long program, will begin at 5:30 pm in the Mezzanine. Please enjoy this evening with BDSG colleagues!
         Industry Viewpoints:
    Business Development
in a $100 / Barrel world

The 90’s were a decade of consolidation, with a steady spin-off of non-core fields by the Majors and Super-Majors. In the process, substantial assets were cashed in to fund mega-projects in Deepwater and International venues worldwide. Buyers, meanwhile, re-developed these older fields where technology and attention to costs restored profitability. With the resurgence of product prices (up almost 50% since 1/1/07!), both the super-Major and the regional independent have balance sheets that are robust beyond precedent. What are the new frontiers, and what are the trends we might expect in the next 1 to 5 to 10 years in the era of $100 oil prices? Will the Majors and large Independents, confronted with questions of access and tougher fiscal terms be willing to sell viable producing fields? Or will the hunger for reserves, and ready internal funding create a new round of consolidation, and acquisitions of reserves on an “as available” basis? Will the focus be on significant undeveloped assets that now promise high returns at today’s prices? Are resource plays, unconventional gas and heavy oil deposits the “wave of the future”? What “new frontiers” may evolve? How is the issue of technical manpower affecting the strategy of industry?
For more information, and to "Meet the Committee", SPE-GCS Website at: http://www.spegcs.org/en/studygroups/display.asp?sgid=2
SCHOLARSHIP SPONSOR - Richardson Barr & Company
For information:   www.richardsonbarr.com
Thank you for your GREAT SUPPORT!
Interested in sponsoring the March Meeting? Call Matt Lake, 713-759-2572, Merrill Lynch
2007 - 2008 Business Development Study Group Meetings:
March 12, 2008
May 21, 2008

Featured Speakers

Speaker: Glen Mizenko - Senior VP Business Development & Engineering, Forest Oil Corporation
Speaker Glen Mizenko - Senior VP Business Development & Engineering, Forest Oil Corporation

Tom Morrow - President, Access Exploration Corp.
Bob Tessari - President & CEO, Turnkey E & P Inc. and Chris Prusiecki - COO, Crucible Technologies, LLC


SR VP –Business Development & Corporate Engineering, Forest Oil Corporation
Mr. Glen Mizenko was named Senior Vice President – Business Development & Corporate Engineering …

Tom Morrow - President, Access Exploration Corp.
Bob Tessari - President & CEO, Turnkey E & P Inc. and Chris Prusiecki - COO, Crucible Technologies, LLC


SR VP –Business Development & Corporate Engineering, Forest Oil Corporation

Mr. Glen Mizenko was named Senior Vice President – Business Development & Corporate Engineering in May, 2007. Glen joined Forest Oil in January 2001 as Manager Corporate Development and New Ventures. In October 2003 he was promoted to the position of Director, Business Development. In May 2005 Glen was promoted to Vice President, Business Development. Prior to joining Forest Oil, Glen held various positions in reservoir engineering, reserves reporting, development planning, and operations management with Shell Oil, Benton Oil & Gas, and British Borneo Oil and Gas PLC. Glen holds a Bachelor’s Degree in Petroleum Engineering from The Colorado School of Mines and a Master of Science in Business Administration degree from the University of Houston. 



President, Access Exploration Corp.

Mr. Morrow formed Access Exploration Corp. in 2004 in order to create the most cost effective screener and participant in prospects. Before founding Access, Mr. Morrow was President of Challenger Minerals, Inc. Under his leadership, CMI became known as the premier screener and participant of prospects in the Gulf of Mexico and North Sea.

Mr. Morrow holds an MBA degree from the University of Texas at Austin and a BBA-Energy Management degree from the University of Oklahoma. He is also a member of the Houston Geological Society, Association of International Petroleum Negotiators, The Houston Finance Group, Houston Producers Forum, and Texas Alliance of Energy Producers. Before joining Access Exploration, Mr. Morrow was first employed by Amoco Production Company, Texas Oil & Gas Corp., and most recently Challenger Minerals, Inc.


President & CEO, Turnkey E & P Inc.

Mr. Tessari began his oilfield career in 1965 working on the drilling rigs for Parker Drilling in Canada. Four years later, he attended the University of Alberta receiving a Bachelor of Science degree in Chemical Engineering. He began his engineering career with Tenneco for 2 years in Calgary then spent the next eight years working overseas as a drilling engineer for ARCO in Indonesia and later as AMOCO Egypt’s drilling superintendent in their Gulf of Suez offshore operation. In 1982, he joined a small drilling company in Canada that designed, manufactured and operated six land rigs. While managing this company, Mr. Tessari formed TESCO Drilling Technology in 1986 to do research and development on new drilling tools and processes. In 1993, Mr. Tessari took the company public as TESCO Corporation.  TESCO was successful in developing a portable top drive system and commercialized this product for worldwide use. TESCO also developed the world’s first integrated underbalanced drilling system, the tools and process for CASING DRILLING®, and the proprietary Casing Drive System™. He has been President and Chief Executive Officer of TESCO since its inception until 2005, when he became its Chief Technology Officer and Vice Chairman of the Board of Directors.

Mr. Tessari retired his position from Tesco Corporation in June 2007, but still remains a Director. Effective July 16th, Mr. Tessari assumed the position of President and CEO of Turnkey E&P Inc. Mr. Tessari is a member of the Society of Petroleum Engineers, American Association of Drilling Engineers, International Association of Drilling Contractors and the Canadian Association of Oilwell Drilling Contractors.


Chris Prusiecki

Chief Operating Officer, Crucible Technologies LLC, a Kenda Capital company

Mr. Prusiecki was appointed Chief Operating Officer of Crucible Technologies LLC, based in Houston, Texas, in October 2006. He previously worked for Schlumberger for 15 years, including 5 years working in-house at BP managing the Drilling and Measurements aspects of the Thunder Horse Project where many Serial #1s were run. Prior to Schlumberger, he held positions of increasing responsibility with various oilfield service companies, including Gearhart, Western Atlas, Christensen Diamond Products, as well as a brief stint as a schoolteacher.

Mr. Prusiecki earned his Physics degree from the University of St. Andrews in Scotland (but concedes to being a very, very poor golfer!)

Crucible’s mandate is to take working interests in oil and gas properties in order to accelerate the testing and deployment of Kenda Capital’s 40+ energy technology companies. Crucible works with operators to manage the risk of running new technologies, and ensure an adequate risk/ ROI/value proposition model is used and understood by all.

Crucible has, in the last six months, participated in 5 wells, which resulted in 1 dry hole, 1 marginal well, and 3 producers, and has tested 4 technologies without any issues.

Kenda Capital is the independently owned manager of the Shell Technology Ventures Fund 1 B.V. (the Fund). Kenda Capital and the Fund maintain a unique technology relationship with Shell R&D, as well as working with entrepreneurs with new ideas. 

Key Technology Companies Include: AtBalance, Enventure Solid Expandable Tubulars, ThruBit, Total Separation Solutions, Coil-X, GEODynamics, Sensor Net, TubeFuse, SwellFix, P/GSI Hi-Res 3D/3C, etc.


Full Description


James Webb

Date and Time

Wed, Jan. 16, 2008

5:30 p.m. - 7:30 p.m.
(GMT-0500) US/Central

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FOUR SEASONS HOTEL BALLROOM, 3rd Floor - Hors D'Oeuvres Provided, Cash Bar

1300 Lamar St.
Houston, Texas 77010