2016 program, dallas e&p forum

20
November 1 st , 2016, at Dallas, Texas 2016 Dallas E&P Forum Conventional Success in an Unconventional World Sponsored by the Society of Independent Professional Earth Scientists (SIPES) and the Dallas Geological Society (DGS), at Brookhaven College Geotechnology Institute

Upload: donald-muth

Post on 12-Apr-2017

85 views

Category:

Documents


1 download

TRANSCRIPT

November 1st, 2016, at Dallas, Texas

2016 Dallas E&P ForumConventional Success in an

Unconventional World

Sponsored by the Society of Independent Professional Earth Scientists (SIPES)and the Dallas Geological Society (DGS),

at Brookhaven College Geotechnology Institute

1

2

Technical Program

3

2016 Dallas E&P ForumConventional Success in an Unconventional World

Time Presentation Speaker Company7:30 Check-in8:30 Welcome Don Muth Independent8:35 Reservoir Compartmentalization and Characterization, Hamilton

Switch Bartlesville Field, Okmulgee County, OklahomaGreg Riepl Independent

9:15 Conventional Opportunities in Our Unconventional World Dr. Gary Rice GeoFrontiers Corporation9:55 Break

10:10 Napoleon Field Discovery - A Resurgence of the Trenton/Black River Ordovician Play in Southern Michigan

Bill Van Sickel West Bay Exploration Co.

10:50 Shallow Ellenburger and Pennsylvanian Section Re-exploration using Innovative Technology and Basic Geology

Bob Wiener Goh Exploration, Inc.

11:30 Application of Electroseismic Technology for Direct Hydrocarbon Detection in Conventional Reservoirs – Two Case Histories

David McCabe and Bob England

ES Xplore LLC

12:00 Break- Transition to Lunch12:45 Issues in Oil and Natural Gas Markets:

Production, Costs, & PricesDr. Anas Alhajji Energy Outlook Advisors

1:30 Break1:45 Canadian Junior Swims in the Deep Water of Offshore Guyana Dick Boyce JHI Associates, Inc.

2:25 Finding Oil without use of Computers, Remote Sensing, Seismic, and Non-conventional Methods, Part II

Lee Petersen Oro Quay Corporation

3:05 Time for a new wave of Conventional Resource Activity Bill Fairhurst Riverford Exploration, LLC3:45 Conclusion

2016 DALLAS E&P FORUM

4

Welcome to the2016 Dallas E&P Forum

5

The 2016 Dallas E&P Forum is sponsored by the Dallas Chapter of the Society of Independent

Professional Earth Scientists (SIPES) and the Dallas Geological Society (DGS) and hosted by the

Brookhaven College Geotechnology Institute. This year’s symposium theme is “Conventional

Success in an Unconventional World”.

After over a decade In which unconventional shale plays have dominated the headlines and made

significant contributions to our national oil and gas reserves, it is nevertheless important to note

that “old fashioned” conventional plays are still very important contributors to exploration success

in finding new reserves. For many small and mid-sized independents, and particularly in a low oil

price environment, conventional plays are the key to commercial success while high-cost shale

development is marginal or uneconomic. Today’s program features eight presentations

highlighting a variety of conventional plays throughout the USA and internationally, some featuring

new insights and technology, which will hopefully provide inspiration for your continued success. In

addition, our luncheon keynote speaker will provide insight into the global mega-picture of the

current state of the oil and gas industry.

We thank our sponsors for their participation in today’s event and support of the geoscience

community. Let’s recognize the achievements, services and technology our sponsors provide to

our exploration and production efforts!

Sincerely,

Donald P. Muth, Sr., and Robert WebsterForum Co-Chairmen

Don Muth and Robert WebsterSymposium Co-Chairs

Reservoir Compartmentalization and Characterization, Hamilton Switch Bartlesville Field, Okmulgee County, OK

by Greg Riepl, Independent Geologist

Abstract:The Cherokee Platform of Northern Oklahoma is dominated by extensive fluvial-deltaic sand sequences throughout the Pennsylvanian System. This is particularly true of the Des Moinesian(Cherokee) series which contains the Bartlesville, Red Fork, Skinner and Prue sandstones. There is a significant amount compartmentalization of reservoir sandstones due to the presence of shale-filled distributory channels that were part of the original deltaic complex as well as post-depositional erosion and re-distribution of sand from tidal effects during transgressive phases. The Hamilton Switch Field is comprised of numerous fluid compartments that are both stratigraphic and structural. Detailed stratigraphic analysis of sandstone architecture can aid in the discovery of additional reserves of oil and gas in old fields throughout the Mid-Continent.

Biography:Greg Riepl received a BS in Geology from Kansas State University in 1979. He worked from 1980-89 for Statex Petroleum in Oklahoma City and Irving, Texas and rose to the position of Senior Project Geologist before becoming an Independent in 1989. His current interest is vertical and horizontal projects on the Northern Oklahoma Platform.

6

Conventional Opportunities in Our Unconventional World

by Gary K. Rice (speaker), Harvey H. Howell, and Lance Harwerth

Abstract:

Geochemistry used with subsurface geology has proven a successful exploration tool. H. H. Howell has successfully integrated seismic, gravity, subsurface well-control, Landsat imagery and other exploration disciplines with soil gas geochemistry. Between March and August 2005, the GeoFrontiers Corporation conducted geochemical surveys over a series of untested magnetic anomalies identified by an airborne magnetic survey to test the possibility of using geochem to reactivate the Serpentine Plug exploration play in Zavala County. The Serpentine play overlies the western portion of the vast Eagle Ford shale play.

Soil Gas Geochemistry revealed the presence of undrilled northern and southern fault segments still holding hydrocarbons on the previously abandoned Indio Field Serpentine Plug. The surveys identified robust, live, light-gas hydrocarbon seepage in previously undrilled areas, while only very small or no seepage was measured at original field producers. Gravity interpretation, detailed well-log subsurface work, re-processed 2-D and new 3-D seismic were utilized to see why.

Chesapeake drilled and completed the David Holdsworth ZAV #1H in December 2011 as a horizontal Eagle Ford well. As of July 1, 2016, it has made 139,830 barrels of oil and 31,644 Mcf gas. Following completion a 3-D seismic survey was acquired. With the 3-D seismic we could see the most important fault system to the entire plug is a “ring” fault that completely encircled the crest of the plug and is proven productive on the downthrown fault segments surrounding the plug to the north, west and south.

Interpretation of the 3-D seismic provided a detailed structural map revealing the large southern fault block was split by a small graben fault system. David Holdsworth #8E was drilled in April 2013. The well was perforated in the top of a 42-foot gross Elaine sand at 4,315’-4,328’ for a free-flowing completion of 88 bbls of 32.8 deg gravity oil. It is still free flowing 100% oil, with no water. As of October 1, 2016, it has made 45,650 barrels of oil, no water and may hold reserves exceeding 150,000 Bbls of oil.

The Inland Ocean- David Holdsworth #9 location was designed to exploit the large southern fault block west of the graben feature, gain 50-feet of structure to the oil tested in Holdsworth #6, and mirror the eastern Holdsworth#8E. It was successfully drilled and completed on July 15, 2016, and as of October 1, 2016, has made 4,072 barrels of oil, no water and may hold reserves greater than 250,000 barrels of oil.The Holdsworth #8E and #9 conventional well pads are near the Holdsworth ZAV #1H which shows conventional exploration can be successful even in a world class unconventional production area.

Biography:Gary K. Rice is president of GeoFrontiers Corporation, Dallas, which develops and applies geochemical exploration technologies for US and international petroleum exploration and production. He has former company experience with Halliburton Geophysical, Geophysical Services, Inc., and Texas Instruments, and he earned a PhD from Oklahoma State University. He is a member of the American Association of Petroleum Geologists, American Chemical Society, and Association of Petroleum Geochemical Explorationists. In 2012 he received the Monroe G. Cheney Science Award from Southwest Section of AAPG. 7

8

Caroline CharlesAccount Manager—Core and Fluid Analysis16161 Table Mountain Parkway │ Golden │ Colorado │80403Office: 720-898-8200| *Cell: 303-552-4328 | Fax: 720-898-8222

Napoleon Field Discovery - A Resurgence of the Trenton/Black River Ordovician Play in Southern Michigan

by Bill Van Sickel

Abstract:The Napoleon Field, discovered in 2008 by West Bay Exploration Company, marked the

resurgence of Trenton/Black River exploration in southern Michigan. No significant Trenton/Black River discoveries have been made since Albion-Scipio in 1957, Michigan's largest oilfield (125 MMBO), and Stoney Point in 1982 (13 MMBO). Since Napoleon, four additional fields have been discovered by other Michigan operators.

The Napoleon Field was discovered using 2-D seismic and further developed using 3-D seismic. By fully defining the extent of the field, West Bay was able to acquire roughly 97% of the leasehold. Much like Albion-Scipio and Stoney Point fields, Napoleon shows a linear series of extensional left-lateral, en echelon wrench faults. These wrench faults, or negative flower structures (sags), have been dolomitized by hydrothermal fluids migrating up from deep seated basement faults. The reservoir represents a chaotic mix of fractured dolomite and limestone with varying degrees of vugular and matrix porosity. The field is 13 miles long and 1 mile wide oriented in a NW-SE direction. A total of 57 wells have been drilled, 53 of which are producing. As of July 2016, Napoleon Field has produced a total of 8,476,602 BO.

Biography:Bill Van Sickel is a geologist with West Bay Exploration Company in Traverse City, Michigan. He has a BS in geology from The University of Akron and a MS from Western Michigan University. He has sixteen years experience in the oil and gas industry and belongs to AAPG, GSA, and SEPM. Past presentations have been made at Michigan PTTC (2012), AAPG Eastern Section (2012), Ontario Petroleum Institute (2013), and the Illinois Geological Society (2013).

9

Shallow Ellenburger and Pennsylvanian Section Re-exploration using Innovative Technology and Basic Geologyby Bob Wiener

Abstract:One of Texas’s older producing regions is the northern part of central Texas from the Muenster Arch to the Bend Arch (fig. 1). This talk focuses on shallow, conventional oil plays across the area in the Ordovician Age Ellenberger Group and in the Pennsylvanian and Permian section. Since the 1920’s, this area has produced hundreds of millions of barrels of oil. Hopefully hundred-thousand to million barrel fields remain to be found.There is always prospect risk; even when re-exploring known, productive shallow oil areas. To reduce risk and improve the chance of commercial success it is important to take a fresh look at the geologic history of the area and to apply current and innovative technologies. The techniques discussed here as well as other readily available geophysical and geochemical techniques are applicable throughout this and other shallow oil plays.The seismic data are from the southern portion the Gatewood Field, Cooke County, Texas. One of the companies, e-Wave Operating, LLC, has allowed me to use part of their data to illustrate the types of innovative approaches an independent operator can take to improve their chance of success. This talk is an outgrowth of work I have done over the years for independent exploration and production companies, and for investors. This field has produced 11 MMBO from the Gatewood sand, which is a Pennsylvanian Strawn sand about 1500 feet below the surface. After drilling attic Gatewood and the slightly deeper 1700’ Sand prospects based on subsurface mapping, the drilling program was paused. Sophisticated log data from the new wells, which includes high resolution Triple Combo logs and Rotary Sidewall Cores used for core analysis, thin sections, and solvent extractions, were reevaluated. Then, a commitment was made to purposefully explore for the sparsely drilled Ellenberger. On this part of the Muenster Arch the Ellenberger is about 2000 feet below the surface and about 3000 feet thick.To get a look at the Ellenburger two 2-dimensional seismic lines were recorded and processed. A conventional vertical force source (VFS) of energy was used to acquire each seismic line as both compressional wave (P-wave) and vertical shear wave (SV-SV-wave) data. This may be an exploration first. Please note that the SV-SV-wave from a VFS is not the converted P-SV-wave. In addition a Seismoelectric survey was recorded. The shear wave data produced much higher frequencies, which will be useful in tracking Pennsylvanian and Permian clastic and carbonated plays. Interpretation of the P-wave and SV-SV-wave seismic data indicate a high probability of fractured Ellenburger and the Seismoelectric recordings indicate hydrocarbons in the section. The subsequently drilled e-Wave Sappenfield #3 well was logged with a sophisticated logging program, including cross-dipole sonic and Stoneley wave fracture detection logs. The logs verify the pre-drill interpretation.

10

Biography:Bob Wiener is a geoscientist with over 40 years of diverse exploration and production experience. He grew up in the bucolic coastal town of Narragansett, Rhode Island. After graduating from the University of Rhode Island with a BSc Degree in Geology, he joined Cities Service Company in 1974, compliments of the Arab Oil Embargo. In 1978 he transferred to Houston to work for Cities Service International and later the Gulf of Mexico Region. After career changes and a stint overseas with Conoco, Bob and family returned to Houston in 1988. Upon his return he began his independent oil and gas consulting and prospect generating businesses, Goh Exploration, Inc.Most of Bob’s clients are privately owned E&P companies and publicly traded independents. He works on both US and international projects to help define geological concepts upon which exploration plays are based and to apply appropriate geophysical technology to clarify the subsurface. His goal is to generate commercially successful prospects. Recently, he has become more active in the HGS (Co-Chair North American Group) and the AAPG (Geophysical Integration Committee). He is a member of the GSH, SEG, and is a Texas Registered Professional Geoscientist. In addition to his professional activities Bob is active in his community and is currently a Hedwig Village City Council Member.

11

Application of Electroseismic Technology for Direct Hydrocarbon Detection in Conventional Reservoirs – Two Case Histories

by David McCabe and Bob England

Abstract:

As exploration geologists and geophysicists we are constantly looking for ways to reduce risk in the prospects we develop. The presence or absence of hydrocarbons within a conventional reservoir is a key risk. An emerging technology utilizes the physical phenomenon, occurring in a hydrocarbon bearing reservoir, where an electromagnetic wave induces a significant compressional seismic wave that can be measured and used to directly detect those hydrocarbons. The science, called electroseismic, is not new as it was established in the 1930’s and later expanded by ExxonMobil starting over 30 years ago. What is new is the use of a passive source instead of one that is man-made. Two example applications of electroseismic technology data are given: 1) shallow Wilcox channel sands and 2) deep Smackover carbonate.

Biographies:

David McCabe, VP-Exploration, ES Xplore, LLC. David joined Hunt Energy Enterprises, L.L.C. in 2014 to be the senior geologist on the Xplore venture, and previously was Group Lead in Encana USA’s Mid-Continent New Ventures Group. Prior to EnCana, David was the COO of Ascent Energy which was acquired by RAM Energy in 2007, and was Offshore Development Manager-GOM at Oryx Energy prior to its merger with Kerr McGee in 1999. David began his career as a development geophysicist with ARCO in Lafayette, LA. He graduated from Texas A&M University with a BS in Geophysics.

Bob England, Consultant. Bob has been working on the Xplore project since 2009, and previously was a SVP at Texas Instruments where he worked for 28 years. At TI, Bob ran the Company’s worldwide memory business, and later its DLP venture business which he built to successful commercialization. Following TI, Bob was CEO of Cumbre Technologies, a venture funded biotech company. He graduated from the University of Dayton with a BS in Electrical Engineering.

12

Abstract:The presentation will discuss some of the issues that are rarely discussed in the oil and gas markets. The presentation explains many of the myths that are causing confusion in the industry and the public press from the true reasons for OPEC’s inability to reach an agreement to the role of self-driving vehicles in the future demand of natural gas. Other issues include:

1- The relationship between oil and natural gas prices2- The future of oil demand between Uber and Electric vehicles3- The movement from trade in crude to trade in petroleum products4- The future shale oil production under different price and cost scenarios

Biography:Dr. Anas F. Alhajji is the former Chief Economist of NGP Energy Capital Management. He led the Firm’s macro-analysis of the oil, natural gas and related markets as well as the overall economic environment. He was responsible for the short-term and long term outlooks for oil, natural gas, NGLs, and LNG markets.

Dr. Alhajji is a highly respected academician, author, researcher, and speaker with more than 800 papers, articles and columns to his credit, with focus on energy markets outlook, energy security, and oil geopolitics. His articles have appeared in numerous countries in more than 10 languages, and his work is cited in over 60 books. He has addressed various national and international organizations, institutions and conferences. He also serves on the board of several energy-related publications. He is a contributing editor for the one of the industry’s premier publications: World Oil. He is also the moderator of the industry’s oldest virtual Forum: Oil, Gas, & Energy Law (OGEL)

Prior to joining NGP, Dr. Alhajji served as a professor of economics at the University of Oklahoma (1995 to 1997), the Colorado School of Mines (1997 to 2001), and Ohio Northern University (2001 to 2008), where he held the George Patton Chair of Business and Economics. Dr. Alhajji taught courses in economics, energy economics and policy, and energy geopolitics.

Dr. Alhajji was educated in Syria, Saudi Arabia, and the United States. He holds M.A. in Economics, and a Ph.D. in Economics from the University of Oklahoma, with a specialization in energy economics and policy. He received many awards including the Teaching Excellence Award and the Outstanding Mentor Award in addition to many prizes in woodworking.

Issues in Oil and Natural Gas Markets: Production, Costs, & Prices

by Dr. Anas Alhajji

Energy Outlook Advisors

13

14

Abstract:

JHI Associates, Inc. (“JHI”) is a private company headquartered in Toronto, singularly focused on deep water oil exploration offshore Guyana. JHI holds the majority interest (40%) in the Canje Block – an area covering 6,021 sq. km. (> 250 GOM blocks) adjacent to ExxonMobil’s ~ 1.4 billion bbl Liza discovery in the Stabroek Block. JHI is a small independent founded by four entrepreneurs with widely varying backgrounds who came together to pursue a unique situation that has now developed into an opportunity of a lifetime. Originally holding 100% of the block along with local partner Mid Atlantic Petroleum, the partners farmed out 35% participating interest and Operatorship to ExxonMobil in 2016.

Offshore Guyana has been a largely under-explored petroleum region, with a limited number of wells drilled on the shelf that exhibited numerous oil shows, but no commercial accumulations. That all changed dramatically in May 2015 when ExxonMobil moved beyond the shelf margin for the first time and opened the unexplored deep water geology in the basin. Their Liza 1 and Liza 2 wells have thus far respectively encountered 295 ft. and 190 ft. of oil-bearing sandstone reservoirs. ExxonMobil estimates recoverable reserves to range from 800 million – 1.4billion bbls from the Liza field alone, making it the largest oil find globally in 2015 and propelling the Guyana – Suriname basin to become the most prospective offshore exploration hot spot in the world. The USGS estimates the offshore basin-wide hydrocarbon potential at 15 billion bbls and 41 TCFG. The now proven key elements of the petroleum system are analogous to numerous prolific fields under development on the eastern side of the Atlantic Basin along the shelf margins of West Africa.

Regional 2D seismic on JHI’s Canje Block has identified multiple play types including large Early Cretaceous structures, stratigraphic onlaps and sand pinchouts, channelized turbidites, basin floor fans and Tertiary mass transport complexes. A recently completed 7,750 sq. km. 3D is now beginning to reveal multiple drilling prospects with first drilling on the block slated to occur in 2019.

In the region of Exxon’s exploration drilling, the Cenomanian-Turonian Canje Fm. source rock is overlain by a thick Upper Cretaceous section deposited within a major submarine canyon. The Liza discovery is observed as a pure stratigraphic up-dip pinchout of sand at the head of an incised slope canyon system. Far offset angle stacks exhibit favorable Class III AVO characteristics.

The Canje Block has multiple play types, each of which have multi-billion-barrel potential. Dozens of prospective leads have been mapped using wide spaced regional 2D seismic and the JHI technical team have identified at least 6 prospective geologic horizons ranging in age from Oligocene through the Aptian.

Canadian Junior Swims in the Deep Water of Offshore Guyana

by Dick Boyce

15

Biography:

Dick Boyce is executive vice president of JHI Associates, Inc., and a consulting geologist based in Dallas, Texas. His thirty seven year career began in the Permian Basin of West Texas and now spans worldwide exploration experiences including Africa, Middle East, Europe, Central Asia, Australia, South and North America. Prior to becoming an independent in 1996, he worked for The Superior Oil Company, Conquest Exploration and Hunt Oil Company. Mr. Boyce graduated from the Colorado School of Mines and is a member of AAPG, SEG, AIPN, DGS, SIPES #3245, and is a registered professional geophysicist in the State of Texas # 2179

In addition to the proven channelized sand systems, the Canje Block is prospective for prolific basin floor fans, possibly draped over the deeper rifted basement structures. Basin models tied to the Liza well predict that the Canje Block is centered over the main source kitchen within the oil mature Maastrichtian-Cenomanian-Turonian petroleum systems “oil-generating sweet spot” of the Guyana-Suriname Basin.

In the adjacent Stabroek Block, operator ExxonMobil with partners Hess and Nexen are planning to execute >US$1B in exploration drilling through 2018. This will be done in conjunction with the fast-track development of Liza Field for an announced 100,000 bopd ‘first oil’ targeted for 2020. The Liza-3 appraisal well is currently drilling and additional wildcat prospects are slated for drilling in both Guyana and Suriname waters throughout 2017 and 2018. Virtually all offshore acreage in the basin is now committed.

John Jacobi, Co-CEOwww.coveypark.com

214-206-9535COVEY PARK ENERGY LLC

8401 N. Central Expressway, Ste. 700, Dallas TX, 75225

16

Finding Oil Without use of Computers, Remote Sensing, Seismic, and Non-conventional Methods, Part II

by Lee Peterson

Abstract:

The greatest and most successful exploration technology available is still the human mind. To quote the late great Wallace Pratt, “Where oil is first found… is in the minds of men”. Any exploration technology is only useful or successful if it is guided and controlled by critical thinking. Independent explorationistsmay not be able to compete with large oil companies in expensive land plays and with the latest technologies, but innumerable opportunities still exist to extend existing fields and find new economic oil and gas reserves through the application of observation, deduction, and rational thinking – in many instances after large oil companies have already expended their best efforts at the time. These tools are readily available to the humblest individual oil and gas prospector, and their application can give him or her an edge over larger, better-funded competitors. Several examples are offered from the Midland Basin and the Eastern Shelves of west Texas where these principles were used to overcome incorrect assumptions, miscorrelation of reservoirs, and erroneous geologic models.

Part I of this of this talk was a paper presented by Charles E. (Gene) Mear (1926 – 2007, SIPES # 2463), at the Southwest Section AAPG in 1992. Gene is a laureate of the Monroe B. Cheney Science Award from the Southwest Section AAPG. This talk is dedicated to Gene and to mentors everywhere.

Biography:

Lee M. Petersen earned a bachelor’s degree in Geology from Brigham Young University in only seven years, and was once gainfully employed by Cities Service Oil Company, Cross Timbers Oil Company (now XTO Energy), and Range Resources before twisting off and going independent in 2000. Previous to those, he had colorful careers as a motorcycle mechanic, musician, and a doodlebugger. Currently he is President-for-life and Enlightened Grand Poobah of Blackthorn Petroleum LLC, Oro Quay Corporation, and Palo Pinto Exploration, Inc. Lee is a member of SIPES, AAPG, the West Texas Geological Society and is a past-president of the Fort Worth Geological Society and the SIPES Foundation. Currently he is sharpening his eccentricity in preparation for old age, by playing the uilleann (Irish) bagpipes and other measures as deemed necessary.

17

Time for a New Wave of Conventional Resource Activity

by Bill Fairhurst

Abstract:The multiple cycles in our industry are systematic. Understanding several of the important cycles allows us to focus effort appropriately in areas of exploration, exploitation, and development geology and be successful transitioning skills, talents and experiences into the next phase during each of these cycles.

The systematic development and phases of cycles since the mid-twentieth century including product prices, geologic innovation, firm and industry stages of these cycles are presented. The current disruptive and destructive phase for individuals, firms and the industry presents opportunity for the prepared, flexible and pioneering geoscientists whom adapt and plan for the next phase within these cycles.

The early adaptor stage for primary exploration of resource plays was at a mature level prior to the drop in product prices that started in the second half of 2014. There have been and will continue to be exploration success but the majority of resource plays had moved beyond discovery, de-risking into early or mature manufacturing stages and several where actually declining. During these stages reservoir description, development and operational geologic skills dominate.

The dramatic drop and extended period of low product prices has resulted in disruptive employment and destructive strategy and organizational structure for productive employees and organizations with good assets and good management teams. The present opportunity is to create value with these skilled geoscientists, engineers, finance/accounting, business development and managers from the assets from these destroyed or wounded organizations. During these times low-risk field acquisition, development and enhancement are the principle target for technical and business teams.

Not only are geoscientist, other technical, support and management teams displaced and must adapt but the recent past successful capital structure models, primarily Private Equity (PE) firms, is broken. How to adapt to use capital structure for new organizational structure, acquiring to develop traditional and resource producing assets are reviewed to offer opportunity to succeed in today’s business and industry environment and to prepare for the next phase within these industry cycles.

18

19

Biography:

Bill Fairhurst has been working the Permian Woodford for the past three years putting together several target areas and projects sold to larger industry operators. Over the past few months Bill has been presenting a half day course on the Permian Woodford to several major and independent oil & gas companies (see AAPG and West Texas Geological Society Abstracts, “”Stealth: Exploration and Serendipitous Exploration for the Texas Woodford, 2015”). If you are interested in a quick catch-up or starter for your company or group into the newest major discovery in the U.S. and how you might benefit, you can contact [email protected].

Bill recently turned around a mid-size, private equity (PE) financed Exploration & Production (E&P) firm from a $70 million loss to a $600 million dollar gain in two years. Previously he was a key Executive leader at well-known, private E&P firm driving growth, strategically advancing a $200 million firm into a billion dollar organization in six years, adding two new regional offices and multiple new investment opportunities. He has successfully led Acquisition & Divestiture (A&D and M&A) teams in technical and general management positions and as President, CEO and COO. Bill has obtained equity and debt financing for several organizations.

Bill has been involved in the majority of US resource plays prior to the resource revolution directing new investment opportunities, portfolio development, strategic planning, reserve evaluation and cash flow models. Bill is credited with economic discovery of the WolfBone play in the southern Delaware Basin and placing his company in Elm Coulee (Bakken) Field prior to discovery, the largest onshore U.S. discovery in 56 years. He and his teams have discovered dozens of new fields in traditional plays in the Rocky Mountains, Williston and Permian Basins, ArkLaTex-Mississippi Salt Basins, South Texas, South Louisiana and offshore Gulf of Mexico.

Aaron HollisSales – Dallas / Fort Worth

Cell: (940) [email protected]

Special Thanks

2016 Dallas E&P Forum Event Contributors

2016 Dallas E&P ForumConventional Success in an

Unconventional World

Donald Muth, Sr.Independent

Christopher MaceHunt Oil Company

Carol ShielsShiels Engineering

Robert WebsterConsultant

John StephensStephens Exploration

Mitchell WilliamsHunt Oil Company

Dallas SIPES BoardChair: Carol ShielsVice Chair: Robert WebsterTreasurer: Neil BarmanSecretary: John StephensMembership: Bill CrowderActivities: Neil BarmanCont. Education: Don MuthNatl. Directors: David Shiels

Carol ShielsNTEC Rep: James Henderson

Dallas Geologic Society BoardPresident: John StephensPresident-Elect: Mark BengstonFirst Vice-President: Danny DavidsonSecond Vice-President: Tina Hoang Secretary: Calvin NixTreasurer: Mitchell WilliamsTreasurer-Elect: Ranyah LyckaInternational Committee: Joe BaumanPast President: Bradley Winton

20