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| Please
take a quick moment to answer 3 survey questions, and we will provide
a summary of the confidential responses in the next issue. |
Survey Results from last time: In our last issue, we asked if you believed your company has become more risk adverse in recent years and, if so, has its more risk adverse business strategy improved the stability and growth of your company. Read Further... |
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| A
simple technique to enhance subtle anomalies in areas of strong regional
dip. Trend Surface Analysis is one of the oldest mathematical techniques that has been used consistently by geologists for the analysis of geological data and can be considered a excellent technique for exploitation of known reserves. Read Further... |
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CEC Energy Consultants adds geophysics expertise of 30 year veteran, Tom Wittick, to offer the industry a unified team whose members work together to maximize reservoir information gleaned from seismic data to provide clients with an integrated property assessment based on seismic data calibrated to reservoir engineering data. Calibration of seismic data allows extraction of detailed reservoir information from seismic, and results in more accurate assessment and deployment of development and exploitation strategies. CEC Energy Consultants combines with Rike Services to provide the US Commerce Department with training courses for Russian Oil & Gas Executives in the area of Concession Negotiation, Risk Assessment and Mitigation, and modern Economic Evaluation processes. CEC Energy Consultants combines with Rike Services to assist TotalFinaElf in providing 8-week training courses to train Indonesian nationals to become Well Operations Supervisors. |
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| The
greatest enemy of success is a paralyzing focus on the bottom line.
Stephen Covey, author of The 7 Habits of Highly Effective People,
says, "The first imperative for today's leaders is the top line, not
the bottom line." By this, he means that if we concentrate on people
(the top line), the bottom line will take care of itself. The effective,
out-performing organization will provide an environment that nurtures
creative thinking. Phrases that I hear all the time that will totally annihilate creativity, are: "It's not in the budget."Every negative statement that we hear, and especially if the negative no-can-do statements significantly outweigh the positive can-do's, create self-doubt and cause those who have the ability to generate opportunities for corporate growth, to fail to follow through on ideas for fear of rejection or worse yet, reprimand. Probably the most destructive road-block to exploration creativity, is the desire to quantify risk and results and relate those to economics too early in the process. Most explorationists are under extreme pressure to produce prospects, and while many ideas that are generated may not all pan out, it would be detrimental to the creative process to constantly dismiss ideas without giving some of them opportunity develop. Good leaders and managers have a unique opportunity to help encourage the effectiveness of their exploration teams, by learning to defuse the things that create a negative impact on the idea generators and at the same time, exhibit confidence to upper level management as to their prudence in maintaining control over finding, G&G, G&A and other associated costs that can negatively impact the bottom line and ultimately the success and profitability of the organization. Every successful oil and gas organization will consist of strong technical capability in engineering, geology, geophysics, land management and their respective administrative support groups. Accounting and administration, while they usually make up the largest portion of personnel of most operating entities cannot be allowed to dictate the conditions in which the company moves forward. Read Further... |
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|
A&D
Highlights |
El Paso Corp sells El Paso Canada to BG Group for $345 million |
|
News
Highlights |
OPEC Targets Production Cut in April Fears that OPEC Cuts Could Hurt Global Economy Rex Tillerson Elected President of Exxon Mobil Corporation |
Upcoming
Events |
North American Gas Strategies Conference - Houstonian, Houston, Texas Apr 19-20, 2004 Offshore Technology Conference - Reliant Center, Houston, Texas, May 3-6, 2004 |
| CEC
Energy Consultants 6700 Woodlands Parkway Suite 230-304 The Woodlands, Texas 77382 Office: 713-502-9235 Fax: 281-419-1046 www.CECEnergyConsultants.com Mike.Cherry@CECEnergyConsultants.com |
| Since
1999, CEC Energy Consultants has been an engineering
consultant and project management firm that allows clients to out-source
operations, engineering, and business development projects while its
client maintains project control. Outsourcing and exploitation of
a client's projects maximizes profitability by allowing production
and revenues to continue to be credited towards quarterly earnings,
and personnel and capital to be focused on more important projects
that directly impact corporate financials. CEC Energy Consultants uses industry software such as Geoplus Corporation's Petra and Petraseis Workstations for geologic, geophysics and engineering functions, to enhance the identification of new business development opportunities with existing or newly acquired assets. Petra is unparalleled in its ability to build isopach maps and log cross-sections, but more importantly from an engineering standpoint, to analyze and screen public data sources for acquisition and drilling prospect leads as well as other advanced geologic, geophysics and engineering functions. CEC Energy Consultants provides a highly technical and qualified team whose members work together to maximize the amount of reservoir information gleaned from seismic data and provide an integrated property assessment that gives an accurate evaluation of reserves in the ground as well as the upside potential of the property based on seismic data calibrated to existing engineering data. CEC Energy Consultants' expertise in using the latest technology application tools will result in reserve additions and well productivity enhancements to your asset base. Visit our website to learn more about CEC Energy Consultants' incredible new technological, geological, geophysical, engineering and operations capabilities. |
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How can I obtain volumetric reserve calculations from contouring? To perform volumetric oil or gas in place calculations, we can use the simple formulas we learned in school and are familiar with. But the basic information we must know very confidently is porosity, water saturation, net pay thickness and drainage area. Read Further... |
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| Rike
Services Geoplus
Corporation |
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| Tulsa
Geologic Society March 9, 2004 Tulsa, Oklahoma SPE Annual Technical Conference and Exhibition September 26-29, 2004 Houston, Texas |
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 We've
revised our website! Click here
to visit our site. |
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