May 20, 2008


Description

The Permian Basin produces over 1 million barrels of oil each day which is 20% of lower 48 production.  It accounts for 68% of Texas' total production and 80% of Texas' reserves. $100/bbl prices have increased activity in producing trends and have stimulated interest in unconventional resources. The area oil and gas industry is operating at full capacity and is only constrained by a current shortage of trained workers. The talk will discuss current opportunities and challenges facing the Permian Basin Oil and Gas Industry. Active plays including the Wolf-Berry, Wolfcamp, Barnett/Woodford Shales, Canyon Sands, Morrow, Texas Overthrust and traditional Permian age production will be discussed. The talk will conclude with a short discussion of planned renewable energy projects and the effects of workforce and affordable housing on overall energy development in the basin.


Featured Speakers

Speaker Hoxie Smith

Director of Midland College’s Petroleum Professional Development Center
Midland College
 W. Hoxie Smith, M.S., P.G. – Mr. Smith graduated from Colorado State University with a B.S. Degree in Geology (1982) and joined ARCO Exploration Company, Denver, Colorado where he conducted exploration for hydrocarbons in the complex overthrust region of western Montana. He …

Director of Midland College’s Petroleum Professional Development Center
Midland College
 W. Hoxie Smith, M.S., P.G. – Mr. Smith graduated from Colorado State University with a B.S. Degree in Geology (1982) and joined ARCO Exploration Company, Denver, Colorado where he conducted exploration for hydrocarbons in the complex overthrust region of western Montana. He received his Master's Degree in Geology from the University of Texas of the Permian Basin (1995) while working for Dawson Geophysical Company in Midland, Texas and serving as the Project Manager for a U.S. Department of Energy Project. From 1996 he served full-time as a Principal and Vice President of GeoSpectrum, Inc., a reservoir development company based in Midland. Mr. Smith has presented at numerous professional society meetings, including national conventions of the American Association of Petroleum Geologists, the Society of Exploration Geophysicists, and the Society of Petroleum Engineers. He has authored and co-authored over twenty-five publications in his field. Mr. Smith is currently the Director of Midland College’s Petroleum Professional Development Center providing continuing education coursework and timely industry-oriented workshops for oil and gas professionals. He is the current Chair and Continuing Education Director of the Permian Basin Section of the Society of Petroleum Engineers; Past-President, Permian Basin Geophysical Society; a member of the Midland Annual CO2 Conference Committee; as well as holding a recent position as Regional Coordinator for FutureGen Texas.

Full Description



Organizer

Steve McCants


Date and Time

Tue, May 20, 2008

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

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Location

Westlake Club - Carriage Room

570 Westlake Park Blvd.
Houston, TX 77079
USA