This is my final monthly message as chairman of the Dallas Section. It has been an honor and pleasure to serve you and the SPE for the past year. It always surprises how quickly the time goes by, especially when you enjoy the experience. I have always strived to leave any endeavor better off than when I started, I hope that has been the case with the Dallas SPE Section.
I want to graciously thank all of the volunteers of the Dallas Section for making the job so easy. Beyond the board members we have numerous committees that have spent countless hours of their time supporting our mission. None of the events that I write about and you attend month in and month out would happen without their efforts. Please express your thanks when you see them.
As I have mentioned over the last year, membership and participation in any of numerous SPE social or educational activities is one of the best ways of staying current in our rapidly changing industry and getting to know a wide variety of people that you might never otherwise cross paths with.
One final thought that you might find interesting before getting on with the monthly announcements: since the downturn in our industry started the effects of the “great crew change” have become very evident in the Dallas section. Participation in our events has definitely reflected a younger membership. Our section has strived to reflect these changes in demographics by increasing our leadership roles for our younger members. The incoming board is now about 50% staffed with members that you might characterize as YP’s. A few old hands are around to provide continuity and perspective but the section, like our industry, is quickly turning over to the next generation.
Our April general meeting, on the 19th, hosted two speakers, Kevin Pohler and Steven Cobb from Pearl Energy Investments to discuss “The Current State of the PE Market”. This was one of the better attended meetings in quite some time. They discussed how their shop evaluates potential teams for investment. While the discussion was mostly geared towards Pearl Energy’s business (for the PE market, smaller size investments), it did have broad information about the private equity market and what it takes to start a business with PE backing. Purely by coincidence but also timely for comparison, we will get another perspective on the PE market at the opposite end of the deal size spectrum from Mr. Tony Weber, Managing Partner at NGP this month on May 17th. I expect his talk will be crowded as well.
The production study group April meeting had near record attendance to hear Dwayne Purvis presenting “The Practice of Decline Curve Analysis”. Terry Palisch, leader of the study group reports that over half of the attendees were new faces for that group, a great result. For May they are holding their meeting on the 31st to hear Don Dressler and Brian O’Sullivan of Enterprise Performance Group discuss “Well Integrity in Production Operations.”
The production study group premier event of the year is their annual one day seminar to be held at Brookhaven on June 28th. The topic this year is hydraulic fracturing. They have nine speakers lined up to cover a variety of topics and case histories. This seminar is a steal, priced at only $125. Space is limited and it always sells out so I suggest to register early to ensure your spot. Also, sponsorships are available and will be most appreciated. Details on the website.
The Sports and Social Committee has been working overtime this spring. Next up is the 25th Annual Casino Night and Texas Hold’em tournament on May 5th. The 34th Annual Golf tournament will be June 5th. Further information is posted as always on the website. Sponsorships for these events really make a difference, any help you can provide is sincerely appreciated.
The YP’s are continuing to expand their calendar. Their latest event was a Happy Hour on April 27th at The Quarter Bar in Uptown. This event included a speaker, Mr. Gervasio Barzola, a VP with Pioneer. They are planning another event for the end on May with a similar format. Please keep an eye out on the website and Instagram for further details. The YP events are open to all members regardless of “experience” and a great way for our more seasoned veterans to develop mentoring relationships with our younger counterparts.
I look forward to seeing you at one of the upcoming meetings or events. As always, please be sure to take a look at our website (www.spedallas.org) or on Instagram @dallasspe for more details on these and other upcoming events as well as how you can participate.
The Dallas section would like to thank the following sponsors for their sponsorship of the May 5th, 2017 Casino Night. Without our sponsors events like the Casino Night would not be possible and certainly not as successful. Thank You!
- Forrest A. Garb & Associates
- Halliburton Energy Services
- Merit Energy
- Covey Park
- Eagle Pipe
- Smart Chemical Services
- Flotek Chemistry
- Pioneer Wireline
- Composite Lining Systems, LP
- CP Exploration
- Rover Petroleum, LLC
- Cinco Oil & Gas
- Matador Resources
- Oil States Energy Services
- Eastern Oil Tools
- Dallas Petroleum Land Services LLC
- OGRE Systems, Inc.