Purvis Energy Advisors

PHDwin Week is a smorgasbord of great content, from specifics of engineering analysis and software solutions to current issues to big-picture trends, and I’m pleased to be presenting again. The content is free, live-streamed, and available after the fact.  I encourage you to check out the schedule for presentations that may be valuable for your work.  See the full list of speakers here: https://lnkd.in/gCz_KJiM Register here https://lnkd.in/gxkV7NYp    Dwayne Purvis, P.E., TRC Consultants, LC (PHDWin), David Pacinda, Sebastian Trujillo, Jonathan Smith, Mark LaCour, Laura Freeman, Courtney Stephens, QED Energy Associates, Marylena Garcia. P.E., Gavin McQueen, Brandon Penner, Blue River Analytics, Jim Tague, Zack Warren, Richard Smith

The must-attend conferences have evolved, but I’ll be at ATCE again this year.  It remains the best generalist conference, and this year it offers spotlights on machine learning, hydraulic fracturing and completions, new energy like CCS and geothermal, and even a few topics on sustainability.   Plus lots of training courses, four sessions on “the best of” the hydraulic fracturing and drilling conferences, and a ton of receptions by discipline and school. Learn more and register here: https://www.atce.org/ And let me know if you’ll be there.  I’d love to catch up. Dwayne Purvis, P.E., TAMU Petroleum, Steve Begg, Ben Nathan

For those of you who postulated how the change in Society of Petroleum Engineers International membership may have been driven by a change in quality of the society, a change in corporate reimbursement, or a change in the political administration. . .This graph expands my previous analysis at https://lnkd.in/gaiW6jbd   By comparison to trends in employment and total AAPG membership, it looks like corporate sponsorship may well have driven an inflation of peripheral members. But core (voting) membership of AAPG has fallen just as much as SPE membership, and both are strongly correlated to professional employment as documented by the Bureau of Labor Statistics.    Of course, every organization has shortcomings. But in my experience, observation, and analysis, the primary driver of membership is not a loss of value. It is a loss of employment related to the changing nature of the work being done and how we are doing it.   Clearly, it has no relationship to the political administration in the U.S. Employment dropped precipitously under Trump and stabilized under Biden. Nathan Meehan, Dr.Robello Samuel, Linda Battalora, Parisa Bazazi, Sean S. Murphy, P.E., Adam Haecker, P.G., Frank Alvarado, Bob Pearson, Nigel Goodwin, Omar Rashid, James Dwyer, MBA, Todd Brooker, Alexandru Badescu, Karthik Revana, P.E., David Yard, Basker Murugappan, Noah Morris, Ph.D., G.I.T., Kevin Morgan, Jeff Spath, Les Skinner, David Cosby, Benjamin Cohen, PE MBA, Omar de Gante, Simon Seaton, Dwayne Purvis, P.E.

To my friends in o&g. . .What do you see as 'energy literacy', and what do you wish people knew? Please answer below!   Last week I enjoyed the joint meeting of the Petroleum Engineering Department Heads Association and Society of Petroleum Engineers where a good deal of time was dedicated to outreach and education outside of the industry. In retrospect, though, I realized that I'm not sure there is a consensus on what that is. If we can achieve a functional list, then I'll write a column to explain those ideas.    Does energy literacy mean knowledge? Of what? Or does it mean conclusions about the facts? Which conclusions? Please contribute your ideas below.   Dwayne Purvis, P.E., mohan kelkar, Sabrina Ewald, Hissa Al Hajeri, Jane Stricker, Todd Hoffman, C. Susan Howes, PE, PHR, Christine Economides, Birol Dindoruk, Tony Kovscek, Robert Merrill, PhD, PE, Chris Kendall, Arthur (Trem) Smith, Trey Shaffer, Josh Etkind, Johana Dunlop, Linda Battalora, Parisa Bazazi, Mehdi Zeidouni, Roman Shor, Nathan Meehan, Tom BLASINGAME, George Koperna, Farshid Mostowfi, Runar Nygaard, Mike Umbro

I'm so excited to serve this year as a Distinguished Lecturer for Society of Petroleum Engineers International we will take two short tours in the fall then a whirlwind 10-day international trip next spring to deliver an explanation of "Economic Surprises of Late-Life Production" based on my recent SPE paper and subsequent research. SPE 210226 "Economic Yardsticks for the End of Economic Life: Holdback and Its Adjuncts" https://lnkd.in/gje7wrPh If you want not to be surprised, I encourage you to attend or to reach out to us separately. Dwayne Purvis, P.E.

We're pleased to welcome to the team, Amy Spaziani! Amy has worked as a researcher, explorationist, and development geologist across several states and abroad, including much of her career in California. Today, she uses that knowledge to help Purvis Energy Advisor clients make practical, profitable business decisions based on the fundamental reality of the rock itself.   Trained as both a geologist and oceanographer, Amy has worked most of her 15-year career in the oil industry including locations in California and Texas as well as South America and Africa. Besides large and small oil companies, she has also worked for two geologic surveys and the American Geological Institute. She brings a broad base of geologic experience, a broad toolkit of software, and a uniquely conscientious attention to detail.   Together with her geologist husband, she offers geologic insights through Spaziani GeoServices, and when time allows she enjoys exploring her new home in the Finger Lakes region of New York with her family. Dwayne Purvis, P.E., Shameka Allen-Lane, CMP, Tiffany Flanagan, Rudy Sandoval

Society of Petroleum Engineers International Membership is down 31%, but half of my friends are gone. This explains how membership increases outside the U.S. and the introduction of new graduates have obscured the "great diaspora" as half of the professionals in the U.S. and most other regions have left the industry.    Half of the professionals in SPE in 2015 are now gone. Nearly half of the professionals who have joined since 2015 have also left within three years.    My thesis is that today's students are more conscious of long-term career prospects, and that the massive layoffs -- combined with the economic reality of demand plateauing to declining -- makes students and job seekers much less interested in oil and gas.    What are your thoughts?   Easy to blame public sentiment about the evil nature of oil. But wrong. Data from Gallup shows that sentiment in the U.S. about oil and gas improved even while engagement decreased. https://lnkd.in/gYzn2ijj Plus, professional engagement cut about the same in other regions without the same public distrust or political rhetoric, namely India, China, and Russia. Dwayne Purvis, P.E., Nathan Meehan, Dr.Robello Samuel, Linda Battalora, Parisa Bazazi

We are pleased to announce the addition of Phillip Price, P.E. to our team. I worked with him at Jetta years ago, and I'm tickled to get the chance to work with him again. He has great insight and is a joy to work with. Here's the official line from our website. . . As a reservoir engineer and registered professional engineer in Texas, Phillip helps our clients to figure out what the future holds, including reserves, research, and economic analysis.    For nine years Phillip has been helping mid-size companies with engineering a mix of conventional and, mostly, shale reservoirs including reserve reports, acquisitions and divestitures, and corporate strategies using a broad base of software and programming tools.   Phillip first joined the industry as a landman then returned to Texas A&M for a degree in petroleum engineering. Plus, he sports a bonus degree in nutrition. Dwayne Purvis, P.E., Kyle Metz, Shameka Allen-Lane, CMP, Tiffany Flanagan, Rudy Sandoval

A couple of years ago I figured that CCS would be the first, biggest opportunity for oil companies, but now it seems like geothermal may be the bigger opportunity for smaller companies, and Geo2Watts is bringing a creative, "powerful" idea to use old wellbores for thermal energy storage. See question 6 in the JPT Q&A about the IRA and ARO. It is especially well-suited for steam floods, firefloods, or wells otherwise designed for hot fluids, and they are seeking industry partners to complete and test a prototype. If you have expertise or wells that might help the project, I encourage you to reach out to Phil Cruver or Bill Bartling. https://lnkd.in/gf9N-kP2 Dwayne Purvis, P.E.

Dallas Morning News ran this oped, but I hate the title they gave it. It misses the point.    "Rank and file members of my industry are proud, law-abiding, conscientious professionals and workmen. But if our industry is to maintain our social license to operate, we must solve the problem of decommissioning, and fighting regulation won’t help."   Increased bonding may put independent producers out of business, but that implies the same companies would end up orphaning their wells anyway. With a million idle or service wells and eight hundred thousand stripper wells, we are poised for a big problem the next time prices cycle down.     Our industry needs conscientious companies (of every size) and professionals to support the ethos of secure decommissioning.  I haven't figured out yet any way to use market mechanisms and no way for our industry to enforce the ethos. Regulatory strategies to protect the obligation has so far been poorly designed.     Any thoughts on how the industry can meet its obligations and maintain our credibility and license to operate? I think it will take a really creative solution. Any ideas on what that solution needs to do in order to be viable and effective?   Dwayne Purvis, P.E., Daniel Naatz, Mike Umbro, Ted Boettner,  Hollin Kretzmann, rob schuwerk, Dan Arthur, P.E., SPEC, CPG, FGS, QMS, Terry Palisch, Jim Crompton, Greg Rogers, Adam Peltz, Gregory Dean, Michael J. Hickey PE, Julie Murphy, Ben Turner, Mark Olalde, Tom BLASINGAME, Kamel Bennaceur, Med Kamal, Christine Economides, Mileva Radonjic, Nathan Meehan, Danny Sorrells, Wesley Ensign, Nathan Taylor, Derek Axelson, P.E., Scott Pope, Susan Nash, Luke Plants, Kristin Smith, Birol Dindoruk, Steven H. Pruett, Grant Swartzwelder, Lesley Self, Phillip Price, P.E., Phil Anthony, P.E., Tiffany Flanagan, Amy Spaziani, Kyle Metz