Dec. 4, 2019


Description

As major investors fled the area in the late 1980s Dave H. (an ex-Schlumberger logging engineer) bought a package of small over-riding royalty and working interests in the Spraberry trend south of Midland Texas.

Minor production continued for several years holding the leases that eventually became part of Pioneer Natural Resources’ large-scale operations in the area.

Even Boone Pickens a board member of Pioneer had to confess that he was wrong about the potential of the Permian Spraberry – Wolfcamp Field, (now the largest field in the US)

By 2015 Pioneer and partner Dave H started a multi-well horizontal Wolfcamp drilling program. To date 12 wells have been drilled on Dave’s acreage – all 12 have paid out and future drilling is planned.

Dave’s small investment in 1987 has paid out several times and is now worth an order of magnitude over the purchase price.

 

 


Featured Speakers

Speaker: Kurt Mire
Speaker Kurt Mire
Kurt Mire, P.E. is a 1982 petroleum engineering graduate of the University of Louisiana at Lafayette. He started his career as a production and reservoir engineer working fields in South Louisiana and the Gulf of Mexico.  Kurt now has extensive reserves and evaluation experience in most US producing areas and ...

Kurt Mire, P.E. is a 1982 petroleum engineering graduate of the University of Louisiana at Lafayette. He started his career as a production and reservoir engineer working fields in South Louisiana and the Gulf of Mexico.  Kurt now has extensive reserves and evaluation experience in most US producing areas and several foreign counties.In 2005 he started Mire & Associates, Inc. a reserves and evaluation consulting firm with over 40 clients ranging from small operators, investors and larger companies such as BP America, Mitsui E & P, and El Paso International.


 

Full Description



Organizer

Romina Myrtaj, Samaneh Soroush


Date and Time

Wed, Dec. 4, 2019

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

Norris Conference Centers - Houston/Westchase

9990 Richmond Ave., Suite 102
Houston, TX 77042
United States of America



Group(s): Permian Basin