Calendar

Where Is our Economy Heading: Are Fossil Fuels the Problem, or are they the Patsy?

With so much at play in today’s markets, many analysts are asking, “Are the macros driving our prices, or are our prices driving the macros?” How many times have we heard politicians tell the world that the energy industry is “price gouging” the public? They equate high profits with greed and corruption. They talk about fairness, a doctrine that does not exist in the constitution. We will focus our discussion on setting the record straight. We’ll discuss what is driving inflation higher and also look to see if we are heading for another recession. This and more.

Speaker: Timothy S. Snyder, Applied Economist

A degreed Economist, Tim has served as an advisor, analyst, project developer, and media subject matter expert for over 40 years. He has worked with government agencies and non-profit and for-profit corporations around the world. Tim’s focus is the application of macroeconomics to various pricing models across multiple industries in order to assist clients in achieving maximum profitability and efficiency. His current work concentrates on oil and gas, banking, mortgages, and debt and other relevant financial markets. Additionally, Tim has extensive experience in agriculture, health care, manufacturing, and logistics. Tim’s professional career has spanned a wide range of positions, from a securities and commodities registered representative with Dean Witter Reynolds, to developing ethanol biorefineries, to commodity group work, to commercial and real-estate banking and risk management. Tim is a recognized public speaker and currently co-hosts a daily radio program on Agriculture and Oil and Gas, and he contributes to several radio and television broadcasts across the country. He recently began a podcast series titled “Gasonomics” and writes a daily and weekly energy commentary with a specific focus on macroeconomics for the equities and commodity markets. Tim is also a recurring economics contributor to SiriusXM Radio on one of their live Nationwide broadcasts focusing on the trucking industry. Tim’s responsibilities at ExecHQ include providing economic advice to fellow ExecHQ Principals, ExecHQ Strategic Partner Firms, and clients across multiple industries. Tim is a widower and currently lives in the Dallas, Texas, area to be near his two sons and their families.

Please RSVP by 12:00 Noon on Thursday, May 11, 20232
to Carole Popa, SIPES-Dallas Chapter Secretary,
at carolerkp@yahoo.com or by phone 972-985-7830
Guests are welcome. Their lunch expense is $40 (payable by check or cash at the door).
Dallas Chapter invites potential new members by paying for their meal.

Presenter: Salman Safari    

Founder and President, Recion Technologies, Inc.

Petro-lithium brines: Their importance to North American battery supply chain

Please join us on Wednesday, May 17th, 2023 for a virtual meeting beginning at 12:30 p.m.

In this presentation, I will briefly talk about the presence of lithium in North American brines followed by an overview of recent technological advancements to make lithium production from such brines economically viable. I will conclude my presentation with the progress that we have made at Recion Technologies and our plans for upcoming months.  

The past decade has experienced an unprecedented surge in demand for lithium products driven by their growing use in battery powered electric vehicles and portable electronics. Most lithium products are sourced from South America (Chile and Argentina) because of lithium concentration and dry climate, or they are refined in China due to low energy cost and less stringent environmental protection policies. With growing political tension between Western economies and China, political instability in South America and concerns about the adequacy of lithium supplies, lithium production from unconventional resources such as low-grade petrobrines, found in North America, has become an economically attractive venture.

The presence of sub-100 ppm Li in Western Canadian oilfield brines has been known for more than three decades; however, the complexity of oilfield brine chemistry and relatively low concentrations of Li have hampered its commercial production. Accelerating global clean energy transition has motivated the provincial and federal governments of Canada to establish a roadmap for the production of critical minerals such as lithium as reflected in their recent announcements including Renewing Alberta’s Mineral Future, The Canadian Critical Minerals Strategy, and Canada-U.S. Joint Action Plan on Critical Minerals. This generational opportunity has prompted technology companies like Recion Technologies to pivot their strategy towards tuning their Direct Lithium Extraction (DLE) process for lithium production from unconventional brines in North America to unlock >$50B worth of lithium product. Compared to the conventional salars in South America, North American petrolithium and geothermal brines are considered low grade; however, efficient lithium extraction processes combined with a high forecasted price of lithium carbonate /hydroxide have made such assets highly attractive.

Founded upon several years of experience in researching lithium extraction technologies, Recion Technologies was incorporated in late 2019 with the mission to commercialize a process to extract, concentrate, purify, and produce lithium from such brines to enable nascent lithium mining industry in Canada to domestically generate high-value lithium products. A successful commercialization of this process will contribute to the diversification of the Canadian mining sector and aid in positioning Western Canada as one of strongholds of Li production in North America. 

Salman has a PhD in chemical engineering and more than 10 years of experience in water treatment and clean technologies. In the past several years, he has been working on advanced methods for lithium extraction from unconventional resources and he has developed the core aspects of Recion’s technology. Salman is a professional member of the Association of Professional Engineers and Geoscientists of Alberta.

Topic: Petro-lithium brines: Their importance to North American battery supply chain

Time: May 17, 2023 12:30 PM Central Time (US and Canada)

Join Zoom Meeting

https://us02web.zoom.us/j/82638848743

Meeting ID: 826 3884 8743

The Discovery of Bright Falcon Field

By: Mark McCuen – Consulting Geophysicist

Synopsis:

Bright Falcon Field was an early discovery (1985) in the Expanded Yegua Trend of central Jackson County, TX.  Initially drilled using 2D seismic, the acquisition of a 3D survey was instrumental in the development of the field.  More importantly, the use of engineering data required “outside the box” thinking about AVO and predicted the eventual total produced reserves.

SIPES San Antonio Chapter May Meeting will be this Thursday, 18 May 2023, at 11:30 a.m. in the Petroleum Club of San Antonio.

David Tonner, CEO of Diversified Well Logging, will be our guest speaker, and he will describe his petrophysical services and provide several relevant South Texas examples.

The following is a brief description his presentation:

“Elemental composition data from drill cuttings and core measured with XRF X-Ray Fluorescence analyzers are utilized to develop an independent chemical stratigraphic framework, a chemical Gamma Ray (U+K+Th) model the mineralogy using stoichiometry and model the TOC calibrated to pyrolysis. A chemo-facies model is established using the core and training data set and then applied in near real time at the rig site to assist in the well construction and geosteering process. Data will be presented from several basins but in particular South Texas for both the Eagleford/Austin chalk and San Miguel formations.”

For Chapter members, the cost of the meal is included in your annual/quarterly dues.  For non-Chapter members and guests, the

cost is $30.00 (cash or check please).

If you haven’t already confirmed your reservation, please contact Thomas Kirby, kirbyandassoc@gmail.com to allow the Club to prepare for our meeting appropriately.

Will you make the May Dinner meeting?

Next week, Thursday, May 18, 2023 at 6:30pm.
6:30 – 7:15pm – Social/Drinks
7:15 – 9pm – Dinner w/wine
Bistro Orleans, NO SPEAKER – Extended “Happy Hour”
2 Drink ticket/person (mixed drinks/beer/wine)
(Spouse or 1 guest included)
Any additional guest: $60/person
NOTE: We will be using the main dining area for our social and dinner.
Food Menu will be the same as lunch menu.  Six different items to choose from:

• Beverage & wine at table
• Caesar Salad
• Choice of one entree
  • Chicken Parmesan
  • Eggplant Parmesan
  • Shrimp Fettuccine
  • Catfish Platter
  • Pork chops w/Mac & Cheese
  • Grilled chicken w/ veggies
• One Dessert
  • Brownie a la mode
  • Bread pudding

PARKING NOTES:  Good news.  Since the Double “M” feed store closes at 6pm we can use their parking on the left.  Also, parking will be available across the street at the office building and if you wait for a traffic light cycle at Causeway and W. Esplanade you are able to cross W. Esplanade safely.  So lots of parking options.  Be safe and cautious as parking slots are tight.

Carol will be calling all of those who have not RSVP’s beginning on Monday 5/15/23.  Please let Carol know if you and your spouse/guest will make it or not by Tuesday, May 16th Carol – 504-267-3466 Email Carol click here.

THIS IS VERY IMPORTANT AS WE NEED TO GIVE BISTRO ORLEANS A GUARANTEED AMOUNT.

If your plans change please also let Carol know before Wednesday evening.

Hope to see you there as it is a great meeting to end our spring session.  Thanks to Lou Lemarie’ for being Chairman for yet another year.  Thanks to Toby Roesler for begin Vice Chairman and booking our speakers.

Dues notices will go out in August for the 2023 Fall Session.
REMEMBER we can still accept new members during the Summer break. If you know someone who may want to join have them contact me.  eric@northcoastoil.com
(504) 884-0049

“Some Helium Occurrences in the Southern Rocky Mountains”

Our Presenter
Edward B. Coalson, Ph.D.

All attendees MUST RSVP! Please RSVP by 11:30 a.m. on the Monday prior

Click here to RSVP or call 303-730-2967

Walk-ins will no longer be allowed due to an issue with the Wynkoop.  Please pre-purchase a lunch to attend.  Sorry for the inconvenience!

Please feel free to share this information with any friends and colleagues who might be interested!
Mask requirements voluntary for vaccinated attendees.

Abstract:

The author presented to SIPES on helium in southeastern Colorado as recently as 2022. This presentation is is an outgrowth of continued research, and is reoriented away from discussion of principles and systematics, which are well covered in the literature and were pursued at the recent RMAG Helium Conference. Instead, in this presentation I will explore the detailed geology of five or six helium occurrences in the southern Rockies that are  interesting, at least to me. These examples demonstrate a variety of geological sources and traps for helium, from a giant CO2-dominated anticlinal pool in Wyoming to an active helium-bearing, but non-producing hydrothermal system in Colorado, with other occurrences thrown in for good measure.

Bio:

Today’s speaker is known to many of you. Ed Coalson was schooled in geology at Cal State Long Beach and the University of Wyoming in the 1960’s. Intense re-education came in the 1970’s and 1980’s at Amoco Production Company and Davis Oil Company in Denver. A vanity Ph.D. came in 2012 from the Colorado School of Mines. After working for several Denver independent oil and gas companies, he currently provides consulting geology and petrophysics for Desert Mountain Energy, a helium-exploration company with operations centered in the Holbrook Basin of Arizona.

More Information Coming Soon!

The Society of Independent Professional Earth Scientists (SIPES) presents: