Dallas Chapter SIPES Meeting

September 19, 2023 @ 11:30 am
Prestonwood Country Club
15909 Preston Road
TX 75248
Guests are welcome. Their lunch expense is $40.
Carole Popa

Date: Tuesday, September 19, 2023

Place: Prestonwood Country Club – 15909 Preston Road, Dallas, TX 75248

Time: 11:30 A.M. (dining at 11:45 A.M.)

Topic: A New Economic Yardstick for Today’s Late-life Production: Holdback
Low-rate, late-life producers figure prominently in the portfolios of most oil companies, but they also create a unique financial trap for their owners. Decades of delayed plugging has accumulated liabilities while production and cash flow have tapered down. Combined these make it possible for cash-flowing properties with a positive present value to be net liability instead of an asset. This presentation explains the unexpected, the dangers it creates, and how to foresee the trap.
Speaker: Dwayne Purvis, Purvis Energy Advisors
Dwayne Purvis, P.E. has spent two and a half decades in reservoir engineering and executive leadership as a consultant and operator. He has led or participated in hundreds of field studies and reserve analyses over dozens of basins in the United States and abroad, and he has participated in the sale or acquisition of projects valued from tens of thousands to billions of dollars. Before starting his own consulting practice in 2015, he served Jetta Operating Company as Reservoir Engineering Manager and Reserves Manager. Prior roles include founder and Executive Vice President of consulting firm The Strickland Group and partner at Cawley, Gillespie & Associates, and he currently serves as an adjunct professor at Texas Christian University. Mr. Purvis has published on issues of shale reservoirs, decline curve analysis, reserves, and risk analysis. He is a registered professional engineer in the state of Texas, member of SPEE, AAPG, SEG, SIPES and a 25-year member of SPE.
Please RSVP by 12:00 Noon on Thursday, September 14, 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.
Dallas Chapter invites potential new members
by paying for their meal. Membership forms will be available.

Dallas Chapter SIPES Meeting

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