Texas Oil & Gas Magazine - Publisher In this issue you will be happy to read about leadership in the industry like our cover story’s CEO John Hubbard with Atlas Tubular, LP. Mr. Hubbard is a perfect example of a successful business that took his hard work, perseverance, and character and how Atlas Tubular, LP has impacted the Oil & Gas industry. You will also see the experiences and leadership abilities of Kal-mar RT’s President & Vice President. Another exciting event that is coming on May 1st & 2nd is the TOG Eagle Ford Shale Conference & Expo at Richard M. Borchard Fairgrounds and features experts like Jon Coleman with FORD Motor Company,
Jennifer Harvey-Larivey Publisher/VP
Buck Russel with Union Pacific, U. S. Congressman Blake Farenthold, Chip Haass with Chesapeake Energy, and David Ainsworth with Ainsworth Trucking and many more. These industry experts will be presenting the latest information in their fields. Contact us for more details, booths & sponsorships are still available. You do not want to miss this epic Conference & Expo of the Year! Keep on persevering, Jennifer Larivey, Vice President Editor-in-Chief/Publisher jenniferlarivey@gmail.com P.S. If you have an interesting story or innovative products or procedures, we would love to hear from you. Email jenniferlarivey@gmail.com
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February 2013 7 Up Close & Personal, Kalmar RT Center’s Finest 12 TOG Black & Gold Launch Party - Photos
Cover Story
15 MANCAVE Photos 25 The Oilfield Christian Fellowship Impacts Lives 29 Gambling Problem? OSHAdvisors Consulting & Inspections 31 Careers in the Oil Field: Petroleum Engineering 34 Eagle Ford Shale Financial Scams
27 Atlas Tubular, LP: Leading Line Pipe Provider
36 New, Rigorous Assessment of Shale Gas Reserves 47 Holly Duvall, Business & Event Planner
Featured Stories 21 Union Pacific Safety Presentation Saves Lives
39 Chesapeake Water Use in Barnett 43 Statoil - New Rig Concept to Improve Recovery
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EOG to Plan Number of Wells Per Year in Eagle Ford
Publisher
Derald Payne Beauchamp Harvey Publisher Jennifer Harvey-Larivey Publisher/VP Daniel Garza Graphic Design
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Texas Oil & Gas Magazine is published monthly. Subscription Rates: 1 year (12 issues), US $99; 2 years (24 issues), US $159. Single copies are US $15 (prepayment required). Advertising rates furnished upon request. POSTMASTER: Send address changes to Texas Oil & Gas Magazine, P.O. Box 8258, Corpus Christi, TX 78468. Telephone: 361.389.0496 Copyright Š Texas Oil & Gas Magazine 2013. Texas Oil & Gas Magazine reserves all rights to editorial matter in this magazine. No article maybe reproduced or transmitted in whole or in parts by any means without permission of the publisher. Federal copyright law prohibits unauthorized reproduction by any means and imposes fines of up to $25,000 for violations. While every effort has been made to ensure the accuracy of the information contained herein and the reliability of the source, the publisher in no way guarantees nor warrants the information and is not responsible for errors, omissions, or statements made by advertisers. Opinions and recommendations made by contributors or advertisers are not necessarily those of the publisher, affiliates, or colleagues. Visit us at www.txoilmag.com
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Up Close & Personal
Kalmar RT Center’s Finest Written by Jennifer Larivey
Kalmar RT Center, is the only manufacturer of rough terrain reach stackers in the world. Based in Cibolo, TX, the leadership of this company speaks volumes of the manufacturer’s ability to carry out international business like the Gorgon Project in Australia. Retired Col. Bryan K. Stephens, President and Randy Wingenroth, Vice President are two of the key leaders of this once military-only producer as they lead this company into the commercial international market. Retired Col. Bryan K. Stephens had a distinguished 28-year career in the United States Army before joining Kalmar RT Center as president and chief executive officer. Stephens’ transition to civilian life comes as the Kalmar line of rough terrain reach stackers makes the transition from military to civilian commercial use. Stephens’ distinguished and decorated career took him from a second lieutenant in the infantry to chief of Joint Force Trainer Operations, Joint Warfighting Center, United States Joint Forces Command. Stephens commanded troops as a member of the 1st Battalion 8th Infantry in Colorado, 3rd Battalion 28th Infantry in Wiesbaden, Germany and 2nd Battalion 13th Infantry
Doctrine Command. Stephens returned to infantry duty serving with the 7th Infantry Division as executive officer for 1st Battalion 9th Infantry. He was also Secretary General Staff for the 7th Infantry Division (Light) before its deactivation in 1994 at Fort Lewis, Wash. Bryan K. Stephens in Mannheim, Germany. Returning from Europe, Stephens was assigned to Texas A&M University as an assistant professor of military science. After a year he was transferred to Fort Monroe, Virginia to serve as aide-decamp for the Commander, US Army Cadet Command. While at Fort Monroe he also served as an Inspector General for Headquarters, U.S. Army Training and
Stephens moved on to the Pentagon where he was Assistant Deputy Director for Operations to the Chairman of the Joint Chiefs of Staff. After two years he was back with the troops in command of the 4th Battalion 31st Infantry at Fort Drum, N.Y. He later took command of the 1st Brigade 10th Mountain Division and deployed from November 2001 to May 2002 to the Province of Kosovo in the Former Republic of Yugoslavia. Stephens served as Deputy Commander for Maneuver for Multi National Brigade (East). He also served as 10th Mountain Division Chief of Staff. Stephens retired from the Army in 2007 and worked for Science Applications International Corp. as Senior Army Account Manager before moving to Indianapolis as vice president and executive director of military programs for Allison Transmissions Inc.
Randy Wingenroth
Stephens military education includes the Infantry Officer Basic and Advanced Courses, the
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United States Army Inspector General Course, the United States Army Command and General Staff College, the Joint and Combined Staff Officer School, the National Defense University, Armed Forces Staff College, and United States Army War College. His civilian education includes a Bachelor of Science Degree in Political Science from West Virginia University and Masters of Science Degree in Business Administration from Golden Gate University. His awards include the Defense Superior Service Medal, the Legion of Merit, the Joint Meritorious Service Medal, the Army Meritorious Service Medal, the Army Commendation Medal, the Army Achievement Medal, the Kosovo Campaign Medal, the National Defense Service Medal, the Army Service Ribbon, the Overseas Service Ribbon, the Ranger Tab, the Pathfinder Badge, the Parachutist Badge, the Air Assault Badge, the Expert Infantryman Badge, and the Joint Chiefs of Staff Identification Badge. Randy Wingenroth brings nearly two decades of professional product development and business development experience to Kalmar RT Center. His responsibilities for the company include engineering, product validation and testing, and new business development. The Texas native started his professional career as a quality assurance manager for ARDCO in Houston. He spent the next decade with Mitsubishi Caterpillar Forklift America in Houston holding several management positions over quality assurance, standards compliance, and new product introduction. Before joining Kalmar, Wingenroth had his own business, Engineered Performance Solutions, LLC. Wingenroth graduated from Texas A&M University--�Kingsville with a bachelor of science in industrial technology. Before graduation he served in the United States Air Force as an aircraft maintenance technician. He and his wife Lyndie have five children, Christopher, Andrew, Christian, Cory and Joseph. For more information about Kalmar RT, Center and the RT240 Rough Terrain Reach Stacker and the RT022 Rough Terrain Telehandler, visit www.KalmarRT.com.
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Texas Oil & G Black & Gold
A HUGE S
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Gas Magazine’s Launch Party
SUCCESS!
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SPONSORED BY
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Union Pacific Safety Presentation
Saves Lives The recent oil and gas boom created by the discovery of the Eagle Ford Shale has presented new challenges for Texas drivers, especially truck drivers hauling heavy equipment supporting oil and gas exploration. The boom has resulted in a sharp increase in train and semi-truck collisions due to unsafe driver decisions at railroad crossings. The heavy vehicles involved in drilling rig and fracking moves have the potential to derail trains, injure or kill truck drivers and train crews and cause a release of toxic chemicals. Safe driving decisions and awareness are especially critical in this environment. Union Pacific invites you to attend a safety presentation by Buck Russel, manager of public safety for Union Pacific’s Southern Region. He will discuss crossing signage, safety standards, emergency procedures and general railroad information. Russel also will share recommendations that will help truck drivers cross the tracks safely including: · Choosing routes carefully to prevent vehicle hang-ups · Being mindful of crossing approach width to prevent driving off the crossing surface or dragging across the railroad tracks · Never stopping any part of a vehicle on railroad crossings · Ensuring all employees are aware of the location of the emergency phone number and crossing identification posted at the crossing · Immediately calling the emergency phone number at the crossing or 911 to report disabled vehicles on the tracks or other emergencies Incidents or emergencies at Union Pacific crossings can be directly reported by calling 1-888-877-7267 (1-888-UPRR-COP). Operators are available to help 24 hours-a-day, seven days a week.
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The Oilfield Christian Fellowship Impacts Lives
Written by Jennifer Larivey
The Oilfield Christian Fellowship is a 501-C3 non-profit organization with an impactful mission statement for those of Christian Faith. This organization was humbly started as a few men gathered to pray and break bread together to support one another as Christian men in the oilfield. What began as two men, John Bird and Jim Teague, who gathered to pray, this organization has grown into thousands of lives being impacted by the message of Salvation brought to them through sharing their own testimonies. There is a range of professional men & women who are involved that not only share their personal encounters with God but also continuously give back to the communities that need them. =You can recognize them by the pins on their lapels that have a Black background that signifies our sinful nature, the Red Cross that stands for the Sacrificial blood of Christ, White oil derrick that signifies the forgiveness and new life as a Christian, and the Gold letters spelling out “Oilfield Christian Fellowship” signifies eternal life. They use this as a witnessing tool. The other unique tool they have is a very important one and that is the Oilfield bibles that they hand out to the men & women that work on the rigs.
Many members take these bibles to the rig sites to give to these hardworking men to read. Its cover is attractive to any proud oilfield worker and the treasure inside is most fulfilling…filled with the Word of God and the testimony of many oilfield men and women. It is truly inspiring and impactful to anyone who is looking for the bread of life. The leadership of this organization have truly taken their mission to share, pray and help those in need to the level needed in such a rigorous work environment. Many hours away from their families and friends can be difficult for anyone but safety out in the field is another concern for anyone at these rig sites. These workers need someone to lean on and to pray with and that is what these men & women do as there mission. Sitting in San Antonio with this great organization of men and women inspired me to see the greater work being done out in those fields that are in our own backyard. What an inspiring message they share with one another and as the scripture says in Proverbs 27:17, “As iron sharpens iron, so one man sharpens another.”
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Atlas Tubular, LP: The Leading Oil Country Tubular and Line Pipe Provider Written by Jennifer Larivey
This company was built out of an idea, at the time nobody knew how successful it would ultimately become. Atlas Tubular, LP was conceived in May of 1977. John Hubbard began his adventure while he was a flight instructor and pilot, one day while on the job he had an informal discussion with a pipe company’s representative. He went on to become a sales representative and within a year the entrepreneur became the owner of a Houston based company specializing in the sale of oil country tubular goods. In 1979, he moved the company to Corpus Christi, TX and later established the 38-acre facility in Robstown, TX, with an additional 15 acres for expansion. “Over the years, Atlas Tubular has become my life’s work and I still look at all transactions, because it is my reputation in the line every day.”-John Hubbard Since then Atlas Tubular, LP has grown as a family owned and operated business with daughter Tracey Barrett beginning her career in 1996, she now works as the COO/Inventory Control based out of headquarters in Robstown, TX. Son, Jason Hubbard joined Atlas Tubular, LP in July 2000 and is based out of the Houston Sales office; he is currently Vice President of Sales. Son, Matt Hubbard, joined Atlas in 2005; he operates out of both the headquarters office in Robstown and the sales office in Houston serving as Vice President of sales as well. Atlas Tubular, LP has over 30 years of oil industry experience, which means you are calling on the right team for your needs. Their philosophy is that no order is too large or too small, and every order, large or small, receives their highest level of customer service. Their objective is to provide their customers with the highest quality tubular services, designed to meet their client’s specific needs. Their goal is to reduce operating costs of oil & gas operators, as well as suppliers of new and used oil country goods.
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Atlas Tubular, LP prides itself in the ability to give their customers a quality product with competitive prices. John Hubbard, President & CEO says that, “I am proud of what we have accomplished and excited about where we are going now and in the future. Our mission at Atlas Tubular, LP is for each employee to be committed to providing our customers with the highest quality product, on time and at a competitive price. By delivering excellent service with professional integrity, we develop successful business relationships through mutual trust and respect.” The Atlas Tubular Advantage is that they operate company-owned API threading and reclamation facilities with locations in the United States. Atlas Tubular, LP maintains over 150,000 nt of available inventory. They perform heat treat and threading operations allowing flexibility to change customers’ requirements when necessary. They have formed strategic alliances to help decrease costs in procurement and shipping. With locations, in Robstown, TX, Houston, TX, Corpus Christi, TX, Midland, TX, Edmond, OK, Denver, CO, and Calgary, Alberta, they have established storage locations close to all major plays in North America. They have initiated buyback programs on new and used pipe. To ensure timely shipping, Atlas Tubular, LP maintains real time tracking of customers’ orders and inventory for programs and coordinates all storage and shipping requirements to the customers’ wellsite. Atlas Tubular, LP’s competitive advantage is that they are able to deliver a premium product at a competitive price. Their commitment to their customers is to: · Deliver materials accurately and efficiently · Work with only the best (Yards in North America) · Enforce stringent regulations with all carriers because safety is always Top Priority
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John Hubbard, President & CEO
· Focus on continuous improvement by developing relationships that keep Atlas Tubular, LP on the leading edge of logistics for the energy industry · Constantly explore possibilities to vertically integrate all operations, allowing them to deliver the most streamlined and effective service to their customers The younger generation of leadership of Atlas Tubular, LP brings a new energy and a fresh focus to the business. The business continues to establish itself as a leading oil country tubular goods and line pipe provider in its market. Its client base is diverse including major E&P, Drilling, Operating, and contracting companies. Atlas Tubular, LP appreciates their customers business and look forward to providing the high quality, reliable logistics for many future years to come.
Gambling Problem? OSHAdvisors Consulting & Inspections Written by: Joshua K. Corman
For most of us in the midstream area of oil and gas, at some point in our careers we will most likely work in different regions of the United States. In saying this, each part of the country has different topography and geography that relate greatly to midstream work. Our job process many times becomes redundant and this creates a feeling of complacency. Procedurally we do the same tasks over and over on a daily basis not realizing the different hidden hazards of each individual location. Line breaking and opening active process is one of the most common daily tasks faced by midstream employees. Looking at the picture below most us of see a jobsite, and to others it could be a graveyard. The process doesn’t contain any headstones or flowers, but can have fatal consequences. This article will outline line breaking specifically in the state of Texas and many southern shale plays. Coming from a petrochemical background, line breaking procedures are clearly spelled out in company policy. If done right the job will be well planned, the proper equipment onsite, and all of the “if then” questions answered. As midstream professionals we shudder at the thought of our peaceful most time rural workplace being run like a chemical plant. But there is one thing we can take from our colleagues in the petrochemical world, and that’s proper line breaking on existing pipe or process. There has been an extraordinary amount of pipeline, compressor stations, tank farms, and meter runs installed in the United States over the past ten years. Over the next ten or more years these lines and stations will need to be maintained, maintenanced and many will be modified. The problem is that most likely, in those cases, the workers will show up on a previously completed job that they were not a part of originally. They will begin their day-to-day routine and when it comes time to actually break into, open, or bleed that existing line or process, they’ll put their lives on the line and not even be aware of it. Down south, gambling and going to casinos is very popular. No matter your stance on legalized gambling, I believe we all can agree upon never gambling with peoples lives.
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Before a crew cracks into that line, they need to stop for a moment and answer a few simple questions: 1) What is or was contained in the line?, 2) Is there any pressure still on the line and has it been isolated?, 3) Have we followed Lockout Tagout (LOTO) procedures?, 4) Have we walked the entire line or process down, and are sure we understand what we’re looking at? and finally, 5) What are the proper tools needed for the job? If you can answer all five of these questions, then you’re prepared to begin the line breaking or opening procedure. The most important thing about breaking open a line or opening process is considering the pressure on the line, flammability of gases present, toxic fumes and environmental contaminants that may be released. Hearsay can be the worst enemy of a midstream employee. You may hear people from the region saying there are very few liquids in the lines, low levels of sour gas, etc. You can never foresee the level of H2S present in a line or how many liquids may spill out after removing that critical bolt or opening that valve. The best way is to act like these hazards are always present on every job. Having a four gas meter, individual gas badges, a SCBA (Self Contained Breathing Apparatus) worn by a trained employee with a pulmonary respiratory fit test on the crew opening that process can prevent an environmental spill, recordable injury and/or fatality. Once the line is opened to the outside atmosphere by one or more employees wearing SCBA’s, a calibrated four gas meter now needs to be used to read atmospheric levels. Once a safe working environment has been determined, SCBA’s can be removed and other workers may enter the area and begin regular duties. Fifteen percent of employees coming in contact with H2S result in what is called “knock down” of that employee. This occurrence renders the affected employee helpless instantly. Having an SCBA onsite can allow an employee to perform the task properly, but also will be your only chance of saving an employee who has been knocked down by H2S. Toxic fumes are not the only concern when breaking a line, liquids may be released as well creating an environmental and personnel hazard. This being said, each line breaking crew, should come prepared with brass tools to prevent sparking while torquing and tightening bolts. Being prepared also includes a spill cleanup kit, diapers to absorb spilled liquids and most importantly a drum or washtub to keep the liquids from spilling on the ground at all. Once the liquids and used absorption materials are secured they can be properly disposed of, usually off site. The alternative, spilling the liquids on the ground or in a waterway because of lack of preparation can create huge fines, penalties, and the loss of future work with clients. Whether you have a small business or major corporation training and keeping your crews prepared just makes sense. It’s far cheaper to get it right once, plus sometimes once is all you get. If we take each job individually, regardless of location, and take into account hazards both environmentally and to employees, you will not be left to explain “what happened” based on hearsay. Don’t gamble with your life or lives of your employees. Always take the sure bet and keep safety first.
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Careers in the Oil Field: Petroleum Engineering Written by Jennifer Larivey
As one of the fastest growing careers in the oilfield, petroleum engineers are expected to grow by 17 percent from 2010 to 2020. Petroleum engineers usually work in offices or research laboratories but some do tend to spend a lot of time at the drilling sites. Petroleum Engineer’s make a median pay of about $114,000 per year. Their work environment is favorable considering the pay that they receive. The entry-level of education is a bachelor’s degree in engineering. Students who have worked in internships and gained structured job-experience find that their employers value that experience. Petroleum engineers design and develop methods for extracting oil and gas from deposits below the earth’s surface and find new ways to extract oil and gas from old wells. The typical duties of petroleum engineers are to · develop ways to inject water, chemicals, gases, or steam into an oil reserve to force out more of the oil · make sure that oil field equipment is installed, operated, and maintained properly · develop plans to drill in oil and gas fields, and then to recover the oil and gas · use computer-controlled drilling or fracturing to connect a larger area of an oil and gas deposit to a single well In order to determine drilling methods, design, and implement the drilling equipment, and monitor operations, they work with geologists and other specialists to understand the geological formation of the rock containing the reservoir. Petroleum engineers help lower the cost of drilling and production.
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The important qualities to have if you want to become a petroleum engineer: · Analytical skills: assess complex plans for drilling and anticipate possible flaws or complications before the company commits financial resources and manpower to carry out the plans. · Creativity: Each new drill site will present new challenges so they must come up with new ways to extract oil and gas. · Math skills: principals of calculus and mathematical analysis used to troubleshoot their work. · Problem-solving skills: Identifying problems in drilling plans is critical. · Teamwork: must be able to work with various people with a wide variety of backgrounds. Overall, petroleum engineers have a great outlook in the future of oil & gas especially with the technology driven fracking and the growth of the shale plays nationally and internationally.
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Eagle Ford Shale Financial Scams Written By Nolan Hart www.eaglefordshaleblog.com
George Bernard Shaw, the Irish playwright and co-founder of the London School Of Economics, once said “The surest way to ruin a man who does not know how to handle money is to give him some.” The Eagle Ford Shale oil and gas discovery has been a great financial blessing for many of those South Texans who are fortunate enough to own mineral rights. Even for many of those of us on the periphery of all this wealth, the “non – landed,” shall we say, the boom has provided good jobs and business opportunities. Unfortunately, since the days of Spindletop in East Texas, the same pattern of wealth creation and financial ruin has accompanied every single oil boom. A select few, those who know how to manage and reinvest their money, usually end up on top after the “bust.” In an interesting book titled “The Big Rich,” author Bryan Burrough chronicles the lives of some of the legendary Texas oil men who got their start in the Spindletop oilfield. Men like Roy Cullen, H.L. Hunt, Clint Murchison, and Sid Richardson would not only shape the Texas political and business landscape for decades, they would leave a legacy for their children that gave them a lifestyle not unlike that seen on TV shows like “Dallas” or “Dynasty.” One thing that all of these men had in common was that they sought the counsel of experts in the area of financial planning. If you’ve recently received some substantial royalty or lease bonus income, you probably don’t have any intentions of setting your children up to be the next Hunt Brothers, however you will likely want to pass something of value on to them after you are gone. Apart from taking care of future generations, you will want to ensure that you have enough to see you into retirement, even after the wells eventually quit flowing. Most landowners in the Eagle Ford Shale area of South Texas are conservative when it comes to financial matters. The very nature of farming and ranching in South Texas, with its harsh weather and the ups and downs of agricultural markets, has led these folks to become savers and planners. Others
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may not be so careful though, and are led on by the fallacy that oil and gas royalty checks will continue to roll in forever. The simple fact is, that unless you have thousands upon thousands of acres for oil companies to drill on, royalty payments will typically peak and then fall off rapidly after a few months, since shale wells tend to make most of their production in the first year or so. Those who believe that oil and gas income is like a “money tree” that never dies, may end up creating an unsustainable debt burden for themselves instead of money – making investments. To let the world know that they’ve “arrived,” some folks might build a gaudy ranch entrance, such as the one seen below, and build a much bigger home, which will come with its own big property tax bill, light bill, and so on. Their expenses will remain long after the income needed to maintain their lifestyle disappears, leading them to bankruptcy or a humiliating fall back to a more modest lifestyle. Although the gaudy ranch entrance seen above, located near Seguin, is not from Eagle Ford Shale oil money, you get the idea. The ranch is owned by a secretive Mexican church called “La Luz Del Mundo.” It gets my vote for “the ugliest ranch gate in Texas.” Eagle Ford Shale Landowners Need A Financial Planner Both types of folks, even the conservative ones, need a certified financial planner to help them invest wisely and plan for the future. Even those who are used to managing money may underestimate the consequences of entering the nation’s highest tax bracket. A good financial planner can instruct Eagle Ford Shale landowners in areas such as investing, estate planning and succession, charitable contributions, taxes, etc. There aren’t that many CFP’s with offices in small towns such as Yorktown or Carrizo Springs, so enter the “traveling financial planning show.” I am not suggesting that financial planning seminars held at your local Best Western are a scam, however one should question the wisdom of getting advice from people who may not remain in your area, and who are occasionally motivated by a desire for you to donate to their cause, as part of the “philanthropic” part of their lessons. Ask yourself this question: You wouldn’t have a root canal procedure done by a traveling dentist at the local motel, so why should you trust a financial planner operating out of a suitcase with your money? There are a number of Eagle Ford Shale scams or borderline scams in progress at the moment. They include practices such as luring landowners into selling their mineral rights for pennies on the dollar, luring them into open – ended water sales contracts and bombarding new royalty recipients with requests for donations to questionable religious or charitable organizations. I don’t know that any of the current “financial planning seminars” fall into scam territory, but why take the chance? There are certified financial planners who work with large banks, such as Wells Fargo, as well as independent CFP’s who have offices in cities such as Victoria and San Antonio. You can locate a certified financial planner, or CFP by visiting the website of the Texas Financial Planning Association Financial planning for Eagle Ford Shale landowners is not just about money. It’s about helping create stability and maintaining family harmony in matters related to property that will remain long after oil and gas production ends. With that, I’ll leave you with one more famous quote: “Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.” Albert Einstein.
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EOG To Plan Number of Wells Per Year in Eagle Ford Based on Results of Downspacing Study
Written By Nolan Hart www.eaglefordshaleblog.com In a recent investor presentation that was delivered at the 2013 Credit Suisse Energy Summit, EOG Resources’ Chairman Mark Papa responded to questions about the speed at which their Eagle Ford Shale drilling program will proceed. In 2012 EOG Resources drilled about 300 wells in the play. Currently the company’s drilling inventory stands at around 3,500 wells, with that number possibly increasing if spacing is reduced to 40 – 50 acres to the well. At the very minimum, the company has at least ten year’s worth of drilling inventory in the Eagle Ford Shale. EOG Resources is currently conducting down-spacing pilot projects in at least a couple of locations in the Eagle Ford Shale and results from those tests are expected sometime in the first half of 2013. The chairman explained that EOG is in the process of determining the optimum spacing for Eagle Ford Shale wells and inferred that the speed at which their drilling program proceeds will depend in large part on the final outcome of downspacing trials currently being conducted. Above: Two new EFS wells belonging to EOG Resources near Tilden, TX. A concern for EOG is to not drill too many wells on what could be “too wide of a spacing” and then face a more complicated drilling situation in the future, as “pools of depleted zones” or “pressure depletion zones” are encountered when trying to downspace the field. It should be noted that when new wells are drilled in an area where both high pressure and depleted zones exist in the same formation, the the task of balancing the weight of the drilling fluid vs. formation pressure becomes much more complex. Drilling costs and the number of days required to drill each well also increases. If for example, a well is drilled through a zone of the Eagle Ford Shale which has been depleted by production and then a higher pressure zone is encountered, (where previous fracs did not reach and which has not yet been produced,) a “kick” or sudden imbalance in the drilling fluid could occur. Conversely, large volumes of drilling fluid could be unexpectedly lost when the drill bit reaches depleted zones lacking normal pressure.
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Holly Duvall, Business & Event Planner Holly Duvall a native of Fort Thomas, Kentucky, daughter of a judge (politician) grew up in the limelight of large-scale fundraisers and events. In 1999, she headed Northwest of Little Rock, Arkansas, where she studied communications with an emphasis on public relations, to Fayetteville, Arkansas. While in Northwest Arkansas, she worked in sales and management capacities for two Fortune 500 companies, Wal-Mart Stores Inc. and J.B. Hunt Transportation Inc. ; prior to combining her expertise in negotiations and sales with her passion for event design and going into business with the event firm she self-developed, PlanIt Chic, LLC. Her husband, Greg, initiated relocation to South Texas due to his employment in the oil industry, summer of 2012. She continued to commute to Northwest Arkansas from Portland, TX, where she, Greg, and two of their four children reside; as she finished up existing contracts with clients there through October 2012. She also coordinated self-contracted lunch events on rig/well sites for Horizon Mud Company, Corpus Christi office, prior to accepting the position as Director of Sales for Ovations Foods at the Ortiz International Center.
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