Global Business Conference
Wednesday, February 5, 2020
The NAPE Global Business Conference features presentations that explore the industry’s most pressing topics. Several "C-suite" presenters are brought to one stage the day before the Expo doors open, offering attendees extra networking time while receiving exclusive insights into the oil and gas industry.
7 AAPL Continuing Education credits available
The energy transition is being described by some through a carbon only lens: climate change is caused by human CO2 emissions; the oil industry is to blame; and the answer is wholescale government intervention in energy and economic markets. Not only is this political viewpoint myopic, it is fallacious. The real energy transition, which is different and better, will happen when every person on earth has access to secure energy and the environmental impacts of energy—atmospheric, air, land and water—are reduced. Secure energy—affordable, available, reliable, and sustainable—is vital for economic health and also to lift the world from poverty. To accomplish the real energy transition will require a public, non-partisan understanding of the science, technology, and economics of energy resources; atmospheric emissions reduction; local air emission improvement; land use, mining and landfill; and full cycle water use. Rather than propagating the divisive political dichotomies of “good and bad” and “clean and dirty” it is vital that the dialog seek compromise and convergence on workable solutions in the radical middle, that difficult and impactful overlap space between energy, the economy and the environment.
Scott Tinker works to bring industry, governments, academe and NGOs together to address difficult challenges. Dr. Tinker is director of the Bureau of Economic Geology, the State Geologist of Texas, and a professor holding the Allday Endowed Chair at The University of Texas at Austin. He has served as president of the American Geosciences Institute, the Association of American State Geologists, the American Association of Petroleum Geologists, and the Gulf Coast Association of Geological Societies. Dr. Tinker is an AGI Campbell Medalist, AAPG Halbouty Leadership Medalist, GCAGS Boyd Medalist, and a Fellow of the Geological Society of America. In his visits to over 60 countries, he has given 750 keynote and invited lectures to government, industry, academic, and general audiences. He serves on many private, public, academic, and government boards and advisory councils. Tinker co-produced and is featured in the award-winning energy documentary film Switch, which has been screened in over 50 countries to more than 15 million viewers and is used on thousands of K-12 and college campuses. Dr. Tinker formed the not-for-profit Switch Energy Alliance and a new film project, Switch On, addressing global energy poverty, will be released in the fall of 2019.
This presentation will review how the industry achieved a step-change in reducing service delivery cost through innovation and efficiency, allowing sustained economic development of unconventional resources at decreasing breakeven production costs. Technological changes, as assisted by a better understanding through frac diagnostics, integrated modeling and statistical analysis have enabled the large cost reduction to commercially produce a barrel of oil. As a result, shale frac designs have focused on higher intensity completions with tighter stage and cluster spacing, improved diversion through extreme limited entry perforation design and simultaneous and zipper frac’ing, increasing proppant mass per well, utilizing next-generation frac fluids to increase produced water recycling and using cheaper lower-quality proppant. At the same time, the environmental footprint of oil & gas production has been shrinking and will continue to do so as operational changes continue to make our industry a better neighbor, for example through faster well construction utilizing fewer pad locations, development of quiet fleets, greener frac chemistry, frac focus disclosure, etc. Together, oil and gas operators and their service providers have used technology & innovation to improve efficiencies and increase the overall daily pump time per frac crew. However, there is plenty of room for further improvements in technology and efficiency.
Dr. Leen Weijers is Vice President of Engineering at Liberty Oilfield Services LLC and served as its Business Manager at Liberty’s founding. Leen worked at Pinnacle Technologies from 1995 to 2011, where he oversaw development of the industry’s most widely used fracture growth simulator, FracproPT. He was Pinnacle’s Rocky Mountain Regional Manager from 2007 - 2011. Leen completed his doctoral research at the Faculty of Mining and Petroleum Engineering at Delft University of Technology in the Netherlands, under Hans’ guidance. His focus was on fracture growth model experiments to investigate the interaction of hydraulic fracture systems with horizontal and deviated wells.
Data Mining – Collecting and analyzing data in order to improve the efficiency of a task. Leveraging data and knowledge, making information a proactive tool through which greater operating and financial efficiencies are achieved.
This discussion will focus on what is considered “data mining.” We know there are a multitude of opportunities to apply the science, but where is it now, and where does it need to go? What problems that can be solved appear to be the most pressing? The benefits to the E&P side of the equation are obvious, but the impact to the OFS sector is less so. Is that correct, and how does that play out? Practically, where does this go over the next 5 years, and when/how do you see diminishing returns — at least economically — to one more initiative? Will the applications dealing with marketing and intelligence be ahead, behind or even with the rate of adoption of the mechanical and geoscience applications?
James Wicklund is a Managing Director and Senior Banker in the Energy Group at Stephens Inc. This follows a career in geophysics, engineering and operations in the global oil and gas industry, four years managing a broad energy investment portfolio and decades of following the industry as a senior research analyst.
He spent 15 years in the oil and gas industry, working in geophysics and engineering, living in Australia, Singapore, Milan, London several times as well as the US, with Western Geophysical, Sun Oil, and ECL before joining the financial services industry as a research analyst covering the Oilfield Services sector.
He has been head of the energy research group at Rauscher Pierce, now Royal Bank of Canada, managing director and head of energy research at Banc of America Securities Inc., a portfolio manager at Carlson Capital, an $8 billion hedge fund responsible for all of energy investments, and the senior Oilfield Services analyst at Credit Suisse and now a Senior Banker and Managing Director in Energy Investment Banking for Stephens Inc. He has been recognized by various awards and recognition including #1 rankings in Institutional Investor, Greenwich Surveys and the Wall Street Journal’s “Best on the Street” and was a frequent contributor to CNBC, CNN and other media outlets.
He is a member and past symposium chair of the Society of Petroleum Engineers (SPE), the Society of Exploration Geophysicists (SEG), on the boards of the National Offshore Industry Association (NOIA), the Petroleum Equipment Suppliers Association (PESA), and the Maguire Institute Advisory Board, at SMU his alma mater.
Zane W. Arrott is currently the COO of Rising Star Petroleum LLC and also serves on its board. He is also currently serving as Chairman of the Board of Firebird Energy LLC and serves as an independent board member of Switchback Energy Acquisition Company. Prior to this he Co-Founded RSP Permian LLC and served as its COO from 2010 until its merger with Concho Resources in July of 2018. From 1995 to 2010 Mr. Arrott Co-Founded and served in engineering and managerial roles of Rising Star Energy LLC and related companies. Prior to the formation of Rising Star Energy LLC he was employed by Placid Oil Company for 14 years and served there in numerous engineering positions and ended as the General Manager of their Canadian operations. Mr. Arrott holds a Bachelor of Science degree in Petroleum Engineering from Texas Tech University (1981) and an Associate of Science Degree from New Mexico Military Institute (1978). He is a member of the Society of Petroleum Engineers and the Dallas Producers Club.
Nate Clark is a technology and digital strategist who focuses on the Oil, Gas, and Chemicals industries. He is a specialist in digital transformation, IT strategy, IT systems architecture, and large-scale IT project/program management. He has extensive experience in oil and gas (up-, mid-, and downstream) and major industrial companies. Nate leads Deloitte’s Global Digital Transformation practice for the industry.
Nate has over 25 years of experience working in the strategy, IT, and project management fields - 13 in consulting and 12 in industry. He began his career as a software engineer and architect working for General Electric, Apple Computer, Register.com, and other companies.
Nate has a very broad background, which includes a degree in Electric Engineering from Bucknell University, certification as a Six Sigma Black Belt from General Electric, and various technical qualifications. He has written 13 articles focusing on Technology Strategy and Digital Energy.
Evan Anderson is the Co-Founder and CEO of Oseberg, a leading SaaS and data intelligence company in the oil and gas industry that offers a compelling new approach to rapidly convert public regulatory and county level data into actionable intelligence. Oseberg provides easy-to-use SaaS data and software products that allow industry professionals in the energy business to access valuable information buried in myriad regulatory filings quickly and efficiently.
Under Evan's leadership, Oseberg has grown from a tiny bootstrapped start-up to a rapidly growing SME which counts most of the industry’s most active E&Ps and midstream companies as clients. Oseberg went to market with its first data sets and application for Oklahoma oil and gas in early 2011.
Before taking Oseberg to market in 2011, Evan co-managed Four Seas Exploration, a subsidiary of Harding & Shelton, Inc. While at Four Seas, he was responsible for operating over 100 wells in more than 20 counties throughout the Anadarko Basin. Evan earned a Bachelor of Arts in Genetics from Duke University, and has three children ages 9, 8, and 6.
Shale drilling is revolutionary in every sense of the word. Our New Deal will shift the way we think about our business, its impact and how we talk about it to enable us to be resilient in the practical green future we are all working toward.
Matt Gallagher serves as President and Chief Executive Officer of Parsley Energy. Mr. Gallagher joined Parsley in 2010 to build the Engineering Department. He was named Vice President and Chief Operating Officer in 2014. In January 2017, Mr. Gallagher was promoted to President/COO and then CEO in 2019.
Prior to Parsley, Mr. Gallagher spent five years at Pioneer Natural Resources in a variety of roles including Reservoir Engineer for the Gulf of Mexico Shelf and Hugoton Field plays and Production and Operations Engineer for the Spraberry Trend before serving as the company's Investor Relations Supervisor.
A third generation petroleum engineer, Mr. Gallagher has a Bachelor of Science in Petroleum Engineering from Colorado School of Mines. He serves on the boards of the Permian Basin Petroleum Association, American Exploration and Production Council, and the Permian Strategic Partnership, and is a member of the Permian Basin Society of Petroleum Engineers and the West Texas Geological Society.
What are the current midstream issues and concerns of producers, and what are midstream companies doing to meet these needs?
A. Chris Aulds is a founder and partner of Pearl Energy Investments. Prior to Pearl, Chris was one of the Co-Founders and Co-CEOs of TEAK Midstream from 2009 until its successful $1 billion sale in May 2013. Prior to TEAK, Chris was also one of the Co-Founders of Crosstex Energy Services (known today as Enlink Midstream), where he served in numerous executive positions from the time of its inception in 1996 until his retirement in 2007.
Chris has more than 34 years of experience in the oil and gas industry including time as Vice President of gas supply and marketing at Comstock Natural Gas, Vice President in charge of gas supply, marketing, and business development for Victoria Gas Corporation, as well as Sr. Gas Purchasing Representative at Mobil Natural Gas Inc. Chris began his career as a Field Operations Engineer with Mobil Oil Corporation in 1985.
Chris recently served as a board member and Secretary of the Dallas Petroleum Club and is a member of the Dallas Wildcat Committee. He currently serves as a member of the Texas Tech Foundation Board, the Executive Committee of the Texas Tech Foundation Board, the Petroleum Advisory Board for the Texas Tech University Petroleum Engineering Department, and is a member of the Texas Tech University Petroleum Engineering Academy. Chris graduated in 1984 from Texas Tech University with a B.S. in Petroleum Engineering.
Thomas “Tom” Lloyd is Director of Marketing and Midstream for Marathon Oil Corporation responsible for providing reliable offtake for all of Marathon’s oil, gas and NGL production globally at the highest value. Tom also sits on the corporation’s commodity risk management committee, responsible for corporate hedging. Tom joined Marathon Oil in October 2016.
Tom most recently served as Director of International Crude Oil Marketing for Hess Corporation. Prior to that, Tom held positions of progressive responsibility at Hess in Marketing, Midstream, Strategic Planning and Treasury functions with international and upstream and downstream experience. He has lived and worked in New York City, London, Madrid, Aberdeen and Houston. Earlier in his career, Tom held roles in equity research and mergers and acquisitions with ABN AMRO Bank and Credit Suisse First Boston.
Academic credentials include an MBA from Columbia University and a BA also from Columbia University.
Brian Frederick is president of DCP Midstream. His responsibilities include full P&L leadership of the North, South, and Midcontinent regions, in addition to overseeing all operations within Logistics. Previously, Brian was president of asset operations where he oversaw gathering and processing, NGL logistics, and asset engineering.
Brian has more than 25 years of knowledge in the energy industry leading operations, commercial, engineering and business development teams. Since joining DCP Midstream in 1999, Brian has led various business units and has also held the positions of vice president of corporate development and vice president of gas marketing.
Brian has a bachelor’s degree in business administration from Trinity University. He also has an MBA from Texas Christian University and is a chartered financial analyst.
Brian and his wife, Amy, have a son and two daughters and live in Denver.
Jim Finley graduated in 1979 from the University of Texas, School of Business with a B.B.A. in Accounting. He began his career as an auditor with Arthur Andersen & Co., working primarily with oil and gas clients. In 1981, Jim joined Duer Wagner & Co. as Chief Financial Officer and, during his seventeen year tenure, he became managing partner of the company, together with his partners guided the company into a strategy of acquiring producing oil and gas properties.
In 1997, Jim began business on his own in Fort Worth, continuing with the same strategy and model, emphasizing buying producing oil and gas properties, and established Finley Resources Inc. as an operator. Today, together with acquisitions, the company maintains an active drilling program and acquires strategic leasehold mineral interest in Texas, Oklahoma, Wyoming, and Utah.
Finley Resources, Finley Production and Lonesome Oil & Gas, LLC (collectively the "Finley Resources Group") own interests in approximately 3,000 wells in thirteen states. Finley Resources now operates over 1,000 of those wells in Texas, Oklahoma, New Mexico, Alabama, Mississippi, North Dakota, Wyoming and Utah. Finley Resources has approximately 100 employees. The company maintains over 100,000 acres of leasehold and mineral interest.
Jim and Charlotte Finley own, in addition to the Finley Resources Group, Mesa Well Servicing, LP, based in Hobbs, New Mexico, with offices in Odessa, Texas and Farmington, New Mexico, and Mesa Southern, based in Jourdanton, Texas, with offices in Carrizo Springs and Victoria, Texas.
Together, Mesa and Mesa Southern own 65 well service rigs and employ more than 100 people. Jim and Charlotte also own interest in one commercial salt water disposal companies. They own a 47% interest in Silver Creek Salt Water Disposal Well in western Tarrant County.
Other investments include ownership positions in several Texas community banks as well as commercial and residential real estate holdings in Texas.
Jim is active on the boards of various public and private companies as well as several non-profit organizations. Current board positions include Southwest Bank, Downtown Fort Worth, Inc., Cooper Natural Resources, Texas Alliance of Energy Producers, Boys Scouts Longhorn Council, Fort Worth Museum of Science and History, and the Board of Visitors of the McDonald Observatory.
Corey Grindal joined Cheniere in June of 2013 as Vice President of Supply. Mr. Grindal was brought in to develop the required infrastructure needed for firm and reliable deliveries to Cheniere’s LNG terminals; establish the required relationships with the US producer community; and set up the needed systems, processes, and personnel for Cheniere to be the premier US LNG exporter. Mr. Grindal has over 25 years of experience in management, pipeline construction and operations, and natural gas & power trading. Prior to joining Cheniere, Mr. Grindal was with Deutsche Bank and was responsible for physical and financial trading. Prior to Deutsche Bank, Mr. Grindal held positions with Louis Dreyfus and the Tenneco/ El Paso companies. Mr. Grindal holds a BS degree from the University of Texas at Austin.
Maynard Holt serves as Chief Executive Officer of Tudor, Pickering, Holt & Co. and has over 25 years of energy investment banking experience. Prior to joining Tudor, Pickering, Holt & Co. in 2007 and heading the Upstream Investment Banking group, Maynard previously served as a managing director with Goldman, Sachs & Co. where he worked in Leveraged and Structured Finance (1994 to 1998) and Energy & Power / Natural Resources (1999 to 2007). Maynard holds a BA in Economics and Russian from Rice University and a Masters in Public Policy from the John F. Kennedy School of Government at Harvard University. Maynard sits on the TPH Asset Management Advisory Board. In addition, Maynard serves on the board of a number of philanthropic organizations including OneGoalGraduation, The Houston Museum of Natural Science, Community in Schools, and the University of Oklahoma Energy Management Board of Advisors. He is also a member of the George W. Bush Advisory Council on the board of Texas 2036.