March 8, 2012


Description

This presentation will be an overview and analysis of gas and oil prices - recent, present, and future. 
 
The natural gas market has been bailed out of catastrophe by two cold winters combined with two HOT summers, but this winter is failing to deliver cold weather. By the time this speech occurs (or even by the time the SPE-GCS February newsletter is published), we likely will have hit the wall where flowing gas production is shut-in by the need to finish cycling storage withdrawals. Let’s hope the experience in December, 1998 is not repeated, as shown in the price graph below. The overhang in storage inventories will not be worked off in 2012, thus pressuring gas prices into 2013. Hold on to some hope though, because gas prices will recover as gas demand for power generation ramps up even more over the next several years.
 
 
Crude oil, on the other hand, holds enormous promise of sustaining companies and jobs in our industry as technology is unlocking the resources in North America and global demand should sustain relatively high prices. The only storm cloud on the horizon is how wobbly Europe is, from a fiscal sense. Further major problems in Europe could cause a short term price decline (collapse), but S&D balances suggest it would not sustain lower prices.
 
 
 
 
 
 
MENU
 
MIXED GREENS SALAD
BBQ BEEF BRISKET
VANILLA CAKE
 
If you have special dietary needs (allergies, religious, etc.), please include special meal requests in the "Optional Comments for the Event Planner" section during the registration process.
 
Parking for this event :
 
The Petroleum Club provides valet parking service on the Milam Street side of the EXXON-MOBIL Building.  Parking is also available at public parking lots in the area for a fee in the $5 - $7 range.
 

Featured Speakers

Speaker: KEITH BARNETT
Speaker KEITH BARNETT
SPRING ROCK PRODUCTION     Keith Barnett has over 30 years of experience in the energy industry with leading companies like Chevron, Columbia Gas Transmission, American Electric Power, and Merrill Lynch Commodities. Keith has held engineering, managerial and executive positions with those companies in the areas of production, drilling, offshore ...


SPRING ROCK PRODUCTION


 




 


Keith Barnett has over 30 years of experience in the energy industry with leading companies like Chevron, Columbia Gas Transmission, American Electric Power, and Merrill Lynch Commodities. Keith has held engineering, managerial and executive positions with those companies in the areas of production, drilling, offshore platform design, natural gas marketing, fuel procurement, trading and structuring analytics, and corporate strategy.


 


Keith has participated in two National Petroleum Council studies, including leading the power demand team in the 2003 natural gas study and serving on the steering and report writing committees. Keith was also the Natural Gas Task Force lead for the Edison Electric Institute for several years.


 


He has testified before the Federal Energy Regulatory Commission and the Senate Sub-committee on Energy on natural gas and power matters. He is a frequent speaker on natural gas, power, and global energy markets.  Keith previously was with Merrill Lynch Commodities as Director of Strategic Analysis where he led the effort to create an integrated global point of view for energy commodities that could serve short term trading and longer term investment horizons.


 


Keith recently joined Spring Rock Production, an affiliate of Waterborne LNG, which is producing a state of the art natural gas and oil production forecast for the USA and Canada. He will retain his consulting firm, BarnHill Energy Resources, which currently serves a select group of clients on energy market analytics, regulatory policy issues and risk management.


 


Keith has an engineering degree from Texas A&M University.





         


Full Description



Organizer

Barry Faulkner


Date and Time

Thu, March 8, 2012

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

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

PETROLEUM CLUB, 43rd floor, EXXONMOBIL Building

800 BELL STREET
HOUSTON, TEXAS 77002
USA