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| Please take a quick moment to answer this month’s survey question, and we will provide a summary of the confidential responses in the next issue. |
In our last issue, we asked what you believe is the most significant distraction or detriment to being able to perform at high productivity in what you were hired to do for your company. Mike's Discussion Points |
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| Are you really ready for Sarbanes-Oxley? |
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| August 2004 - CEC Energy Consultants assisted Great Plains Energy, well known Kansas City electric utility, to divest of all its oil and gas properties owned by its subsidiary KLT Gas, in the Picenace, Powder River and South Texas for a sales price in excess of 5 times its total booked proved reserve value. CEC Energy Consultants provided the technical expertise to assist the company in documenting and presenting all technical and operational aspects of the company's assets. Read More September 2004 - CEC Energy Consultants solicits investor participation this fall in 3 new private investment partnerships to provide capital for oil and gas acreage acquisition, property acquisition of specific wells with prolific proven behind pipe zones, and drilling capital for participation in the drilling of prospects generated by company in the Western Anadarko and Arkoma basins of Oklahoma. 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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 I couldn’t resist putting this photograph of one operator’s attempt to circulate cement  to surface. I would hate to make the call into the office on this one! I hear repeatedly from operators and associates that with the current high activity levels, the biggest operational hazzard they are dealing with in the field, is the lack of experience of the hands working for drilling and completion contractors. It is a wonder there are not more accidents occurring in the field!One company man I spoke with indicated the rig hands on the rigs he watches over sometimes turnover completely every two weeks. Because of the lack of experienced hands, he finds his rigs are breaking down more often because maintenance is either being done in-correctly, or worse yet, not done at all. Areas of exposure that should cause us to concentrate most heavily in times like these are the following: drilling operations: improper drilling line maintenance could result in someone getting killed on the rig floor; improper mud cleaning equipment operation could result in poor drilling efficiency, higher cost of drilling, lost circulation problems, differential sticking problems, inadequate well control and potentially losing the well. Completion operations: poor primary cement jobs which may result in expensive remedial work; improper perforating techniques that may result in perforating in the wrong place and poor well performance. Production operations: poor surface facility design and setup that may put unreasonably high backpressure on the reservoir and limit productivity. There is no worse feeling than generating a wonderful drilling prospect that has great merit, and then while drilling the well the rig gets stuck multiple times or has continuous loss circulation problems with ever-changing mud properties and additives, then to evaluate the logs to find as expected petrophysical properties comparable to offset producers, and then to finally complete the well with poor or less than expected results. Then begins the overwhelming effort to try and determine the cause of the poor or uneconomical performance and worse yet the more than likely vain efforts to try and remediate the damage. We can’t stress enough the importance of watching the mud properties while drilling!! Letting the mud get out of control will only exacerbate the endless list of problems that will follow. Happy Prospecting! Mike Cherry |
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A&D Highlights |
| Comstock to acquire Ovation Energy for $62.5mm Advantage Oil & Gas to acquire Canadian properties from Anadarko Petroleum for $186mm Apache Corporation to acquire GOM shelf properties from Anadarko Petroleum for $537mm |
News Highlights |
| OPEC Promises to Add Output to Calm Nerves China's Stock Pile of Oil Helps to Bolster Oil Price Russia to Take Part in Next OPEC Conference |
Upcoming Events |
| John S. Herold's 13th Annual Pacesetters Energy Conference Hyatt Regency Greenwich, Connecticut Sept 21-23, 2004 SPE Annual Technical Conference Houston, Texas September 26-29, 2004 2004 Oil & Gas Investment Symposium West Palace Hotel San Francisco, California Sept 27-29, 2004 North American Gas Strategies Conference Telus Convention Center Calgary, Alberta November 8-9, 2004 |
| CEC Energy Consultants 6700 Woodlands Parkway Suite 230-304 The Woodlands, Texas 77382 Office (713) 502-9235 Fax (281) 419-1046 Cell (713) 502-9235 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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Maximize productivity through real-time monitoring of production and artificial lift applications. CEC Energy Consultants can provide turnkey solutions for automating onshore and offshore oil and gas producing fields and monitoring artificial lift operations to enable an operator to maximize productivity as well enhance artificial lift capabilities. Read More... |
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Rike Services Geoplus Corporation |
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| SPE Annual Technical Conference and Exhibition September 26-29, 2004 Houston, Texas Booth #650 |
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