Los Angeles Basin Section Newsletter
Are you ready to have fun?
That was the question brought up at the SPE section officers meeting held during the Bakersfield Western Regional Meeting last week. Section officers brainstormed ways to improve our meetings and earn your participation. It was suggested that our meetings are not fun, that they are technical but usually not fun. One person mentioned that those geologists are the fun bunch! I know that petroleum engineers we can have fun and learn technical topics at the same time.
What does it take to have a meeting or event that will earn your participation? Do we need to change the times of our monthly forums? Do we need to give away a computer or other prizes? Or are all the petroleum engineers out there so busy working for leaner, meaner companies and cannot afford break away at mid-day for a technical meeting. Let us know how we can become a better SPE section.
We need your ideas. Please let me know which topics you want for a lunch meeting or a half-day seminar. If your company pays a consultant for an in-house seminar consider opening it up to the general SPE membership. Your costs will be lower and more engineers will benefit from the course. Give me a call or send me an E-mail with your suggestions. Everything we do is open to discussion. I look forward to hearing from you.
Listed here are the fun events we have planned for this month and beyond.
Looking forward to hearing from you.
Awardees at the WRM, front row, K.C. Hong,
Teresa Blackburn and Lyman Handy, back row, SPE President Bruce Bernard and Western Region Director Joyce Holtzclaw.
SPE Western Region Technicnal Achievement Award
Lyman Handy was awarded the SPE Western Region Technical Achievement Award at the March meeting in Bakersfield. He earned the award primarily through his 20 years as Chairman of USC's Petroleum Engineering Department and the following contributions to the Western Region of SPE:
· Taught reservoir engineering to hundreds of engineers, many who continue to apply their knowledge in the Western Region.
· Managed expansion of USC's Masters program to allow working engineers throughout southern and central California to continue their education.
· Conducted research regarding use of surfactants to improve thermal oil recovery.
· Actively supported the Western Regional Meeting and many other SPE technical and educational activities.
As one of the initial recipients of this award, Lyman Handy sets a high standard for others to meet, not only due to his numerous technical contributions to the industry, but also due to his dedication to the highest principles of SPE.
Nomination by Glen Swanson, Signal Hill Petroleum
Mike Fillipow and science students at Long Beach Poly High School work on their new laptop computers donated by THUMS Long Beach Co. Last fall THUMS gave 15 laptop computers to the SPE to be donated to local schools. If your company has excess computer equipment taking up space or you are upgrading to new systems consider donating it to the SPE and we will put it in good hands, the hands of children at schools in the SPE Educational Outreach Program.
College scholarships will be awarded at the Forum meeting on April 17. Congradulation to the following Scholarships winners:
Manuel Nuno $1,000 ,
Nitesh Rastogi $500, President of SPE
Montserrat Martin $500, Secretary of SPE, Student Chapter
Juan Anguiano $1,000 Secretary of SPE
Ursula Wylie $1,000
Mei Chang Memorial Scholarships Now accepting applications for: High school senior entering college in the fall of
2001, reside in the Los Angeles/Orange County area, intend to major in
engineering or Geology. For
more information, please contact Ted Garland, Scholarship Chairman, at (323) 298-2299 from 6 AM to 3 PM. The deadline for
submittal of the completed application is April 30, 2001
The Mei Chang Memorial Scholarships
Now accepting applications for:
High school senior entering college in the fall of 2001, reside in the Los Angeles/Orange County area, intend to major in engineering or Geology.
For more information, please contact Ted Garland, Scholarship Chairman, at
(323) 298-2299 from 6 AM to 3 PM. The deadline for submittal of the completed application is April 30, 2001
SPE PETROLEUM TECHNOLOGY
DATE: Tuesday, April 17, 2001
TIME: 11:30 am – Social
12:00 pm – Lunch
12:30 pm – Presentation
PLACE: Long Beach Petroleum Club
COST: $15.00 General Admission,
RESERVATIONS: Not Required
SPEAKER: William (Bill) Jentsch Jr.
Plains Resources Inc.
(Owner of Stocker Resources)
TOPIC: Petroleum Capacity, Supply and Demand: The Flawed Reporting
Accurate information of worldwide crude oil production capacity, supply and demand (CSD) is crucial to management and investment decisions in the energy industry in particular and the economy in the aggregate. Yet, the industry has to rely on consistently flawed reporting processes, and as it does so, the industry encounters dynamics outside those typically experienced in a commodity industry
In the environment that existed from 1974 to 1993, the production and capacity curves were parallel. Thus, reporting inaccuracies did not wield a dramatic influence. But in 1993 a trend toward diminishing excess capacity began. Also, in the '70s we began entering a period of inelasticity of supply. Today we have inelastic supply, and demand with a much greater elasticity. When supply inelasticity is coupled with a low excess-capacity environment, even small changes in perceived supply cause significant changes in price.
W. A. (Bill) Jentsch Jr. has 19 years of industry experience, in the U.S. and abroad. He is Business Development Evaluations Engineer for Houston-based Plains Resources. He holds a BSME from Texas A&M and an MBA from UCLA and is the 2001 SPE Annual Technical Conference Program Committee Chairman.
For additional information, please contact:
Thais Montenegro de McComb, (714)962-1723, firstname.lastname@example.org
John Thompson, The Gas Company (310) 578-2689, email@example.com