diamond bits - desk and derrick club of dallasdallasdandd.com/images/2016_april_diamond_bits.pdf ·...

18
A Monthly Publicaon of the Desk and Derrick Club of Dallas April 2016 Volume 65, Issue 4 Diamond Bits Happy April! No matter what happens, it is within my pow- er to turn it to my advantage.” – Epictetus My theme for 2016 “Education is Knowledge/ Knowledge is Power/Empower Yourself”. With all the plans that our club has put forth, sometimes we come to a crossroad and have to determine what may be on the path ahead that could be a viable alternative. Choosing a different, and perhaps temporary path, to a plan may be just what is needed to get to the goal we want. Being flexible and willing to opt for Plan B is NOT a step back, but an intel- ligent and progressive process. We have survived April Fools’ Day! Our 2016 Membership Campaign has begun with good success. We have retained most of our 2015 members and have 2 new members to introduce at the April 7 membership meeting. Their names are Shayle Figueroa and Emily Abney, both of EXCO Resources. Please give them a warm welcome on Thursday night. We held a successful garage sale on March 18-19. Even though the weather pre- sented a challenge, there were numerous “shoppers” who stopped by. We gave away many small dictionaries which had “Desk and Derrick Club of Dallas” em- bossed on them. A big THANK YOU to Barbara Chapman who coordinated this effort as well as to the many members who donated items, helped setup, and worked. Many events are developing for the near future that should be on your calendars: 4/28: 24 th Annual Oil Patch Golf Tournament; 4/29-30: an overnight rig trip to North Louisiana; 5/18-22: Region IV Meeting in Galveston. Don’t forget Tax Day on April 15 and Administrative Professionals Day on April 27 – take time to give a word of appreciation to all the admins who work with you. Our April Membership meeting is a dinner meeting – 6:00 pm. Bring a friend. See you then! Julie President’s Letter 1 Meeting Info 2 Dates/Remember 2 Birthdays 2 April Speaker Info 3 March Speaker Write Up 4 March Meeting Pictures 3 The Presidential Pilgrimage—2008 7 Oil Patch Classic Registration Forms 8 Energy Legislation In the News 10 D&D News 13 Garage Sale Recap 13 NLA Drilling Rig Overnight Trip 15 ADDC President Letter 16 Reg. IV Director’s Letter 17 Board, Committees & Members 18 INSIDE THIS ISSUE

Upload: others

Post on 16-Oct-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 1

A Monthly Publication of the Desk and Derrick Club of Dallas

April 2016 Volume 65, Issue 4

D i a m o n d B i t s

Happy April!

“No matter what happens, it is within my pow-

er to turn it to my advantage.” – Epictetus

My theme for 2016 “Education is Knowledge/Knowledge is Power/Empower Yourself”. With all the plans that our club has put forth, sometimes we come to a crossroad and have to determine what may be on the path ahead that could be a viable alternative. Choosing a different, and perhaps temporary path, to a plan may be just what is needed to get to the goal we

want. Being flexible and willing to opt for Plan B is NOT a step back, but an intel-ligent and progressive process. We have survived April Fools’ Day! Our 2016 Membership Campaign has begun with good success. We have retained most of our 2015 members and have 2 new members to introduce at the April 7 membership meeting. Their names are Shayle Figueroa and Emily Abney, both of EXCO Resources. Please give them a warm welcome on Thursday night. We held a successful garage sale on March 18-19. Even though the weather pre-sented a challenge, there were numerous “shoppers” who stopped by. We gave away many small dictionaries which had “Desk and Derrick Club of Dallas” em-bossed on them. A big THANK YOU to Barbara Chapman who coordinated this effort as well as to the many members who donated items, helped setup, and worked. Many events are developing for the near future that should be on your calendars: 4/28: 24

th Annual Oil Patch Golf Tournament; 4/29-30: an overnight rig trip to

North Louisiana; 5/18-22: Region IV Meeting in Galveston. Don’t forget Tax Day on April 15 and Administrative Professionals Day on April 27 – take time to give a word of appreciation to all the admins who work with you. Our April Membership meeting is a dinner meeting – 6:00 pm. Bring a friend. See you then!

Julie

President’s Letter 1

Meeting Info 2

Dates/Remember 2

Birthdays 2

April Speaker Info 3

March Speaker

Write Up 4

March Meeting

Pictures 3

The Presidential

Pilgrimage—2008 7

Oil Patch Classic

Registration Forms 8

Energy Legislation

In the News 10

D&D News 13

Garage Sale Recap 13

NLA Drilling Rig

Overnight Trip

15

ADDC President

Letter 16

Reg. IV Director’s

Letter 17

Board, Committees

& Members 18

INSIDE THIS ISSUE

Page 2: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 2

A Monthly Publication of the Desk and Derrick Club of Dallas

April 2016 Meeting Information When: Our meeting will be held on the 1st Thursday of the month. Dinner is served at 6:00 p.m. Reservations must be made by 11:00 a.m. on the prior Monday by all members (Standing Reservations NO longer apply). Reservations can be made by e-mailing Lisa David at [email protected] or at: http://dddallasrsvp.wufoo.com/forms/z7x3p9/ Where: Embassy Suites Dallas—Park Central Area, 13131 North Central Expressway, Dallas, TX 75243

Cost: The meal will be $30.00 cash/check or $31.00 credit card Parking: Please Self Park in the Underground Garage on the left side of the hotel. Hotel is located on the north-west corner of LBJ (635) & Central Expressway (US75).

Apr. 1 APRIL FOOLS DAY Apr. 7 MEMBERSHIP MEETING—DINNER Apr. 15 TAX DAY Apr. 27 ADMINISTRATIVE PROFESSIONALS DAY Apr. 28 GOLF TOURNAMENT

May 5 MEMBERSHIP MEETING—DINNER May 8 MOTHERS’ DAY May 18-21 REGION IV MEETING—GALVESTON May 30 MEMORIAL DAY

June 2 MEMBERSHIP MEETING— *** LUNCHEON*** June 19 FATHER’S DAY

July 4 INDEPENDENCE DAY

August 4 MEMBERSHIP MEETING

September 1 MEMBERSHIP MEETING September 21-24 65th ADDC CONVENTION— DENVER

Birthdays Shayle Figueroa April 16 Cheryl Morris April 18 Barbara Chapman April 23

Page 3: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 3

A Monthly Publication of the Desk and Derrick Club of Dallas

April Speaker Gary Crews

“Recent Advances in Satellite Imagery for Oil &

Gas Exploration and Production”

Retired VP of Customer Service for Spatial Energy after it was purchased by DigitalGlobe, Gary has a BS in

Physics & MS in Geophysics. He worked nearly 30 years in processing and research for ARCO. Gary holds

seven U.S. patents for seismic methods and apparatus.

Gary will present the history of satellite imagery and the application of high resolution web based data to the

Oil & Gas industry. Applications range from pre-bid assessment of blocks through pad location to even de-

formation of the surface by production processes. One can directly task some of the better resolution satel-

lites to collect data the next day through web interfaces.

Gary will also address using expanded spectral content to map minerals from space. He will briefly look

ahead to UAV (drones) and microsatellites.

MARCH MEMBERSHIP MEETING

Top Left: Madonna Nuckolls and

Barbara Chapman

Above: Tiffany Sellars

Left: Susan Wrobbel and Victoria Ashley

Page 4: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 4

A Monthly Publication of the Desk and Derrick Club of Dallas

March Speaker Recap:

Jared Johnson, Owner

“Cyber Security”

The speaker for the March meeting was Jared Johnson with Finite Consulting and

his topic was “Cyber Safety.” It was an especially timely topic, given the fact that

we use our computers and smart phones more and more – to store valuable docu-

ments, addresses and phone numbers, our appointment calendars, and cherished photos. It’s just so easy and

convenient! Unfortunately, however, hackers are becoming more and more sophisticated and determined to

create havoc. The goal of “Cyber Safety” is to protect YOUR identity and information using a variety of tech-

niques and tools. Jared focused on two main areas: Threat Management and Technical Assistance.

The steps to take for Threat Management are: 1) Create password guidelines, 2) Identify possible attacks, and

3) Define acceptable websites. Your passwords are very important and many people use common ones

(“123456” or “password”) or use the same one for every account. It is important to create passwords using

both letters and numbers and to change them regularly. The second step is to identify possible attacks.

THINK before you open an email you were not expecting or that looks a bit different. A common ruse is to

send an email that your bank account needs verification. Never disclose sensitive personal information in re-

sponse to such an email. Don’t open an email delivery notice from a shipping company if you haven’t ordered

anything. Be especially cautious if you receive an unsolicited email and are instructed to click on a link. It’s

probably not a good idea. One test to use on any link is to point your cursor over it and see the actual address.

The third step in threat management is to define acceptable websites. Use well-known search engines, such as

Google, MSN.com, Yahoo, and look at the entire address of the website. Be careful about clicking on “pop-

up” ads and use your cursor to check their actual address. You can also use a separate email account for

online purchases.

Fortunately there is also Technical Assistance available to help us. Three types are: 1) Anti-virus software, 2)

Disaster Recovery strategy, and 3) Wireless Access Point configuration. It is vital for us to have anti-virus

software and to scan regularly. You can even use it to scan an email you have received. The second type of

technical assistance is having a disaster recovery strategy or “Backup! Backup! Backup!” This has become

more important than ever, as hackers have developed “ransomware” which encrypts the data on a computer

and makes it impossible for the user to access their files until a ransom is paid. And remember that your back-

up needs to include your software, such as Excel and Word. The last way Jared advised us to protect our iden-

tities and information involved wireless access point configuration ….the Wi-Fi in your home. It is possible to

change the settings so that the name of your home network doesn’t automatically show up on the computer or

smart phone of someone driving by your house. Visitors to your home can still always type in the name and

use the network, but it is another layer of protection.

In closing, Jared entertained questions from the audience. He then shared with us the following “10 Key

Cyber Safety Tips.”

Page 5: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 5

A Monthly Publication of the Desk and Derrick Club of Dallas

Submitted by Marie Sommerfelt

Page 6: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 6

A Monthly Publication of the Desk and Derrick Club of Dallas

Presidential Pilgrimage: Beverly A. Murrey

″2008…Educate, dream and discover″

When asked to write something about my year as President of the Desk and Derrick Club of Dallas, I didn’t know where to begin. A song lyric came to mind, ″…let’s start at the very beginning, a very good place to start…..″! So here goes….

I was born at the Florence Nightingale Hospital (currently known as Baylor Scott & White Medical Center) in Dallas, Texas on the last day of the year, AND ″….it was a very good year″! I was born at 11:07AM. Even though I was here for only 13+ hours, Daddy was thrilled that I arrived before year end as he was able to claim me as a dependent for the entire year on his income tax. I grew up and lived in the Dallas vicinity all my life with the ex-ception of two years. After marrying Ron, who was in the military, we moved to an Air Force Base at Little Rock, Arkansas. Upon returning to Dallas in 1972, I was fortunate to be hired as a Land Secretary for Lone Star Producing Company, which was a subsidiary of Lone Star Gas. There I was intro-duced to the ″foreign language″ of the oil and gas industry. I typed Lease Purchase Reports with five carbon copies on a manual typewriter! Corrections were made with either a typewriter eraser or Liquid Paper. Lone Star Producing later changed its name to Enserch Exploration, Inc. I was employed at Enserch for twenty-six (26) years until the com-pany moved to Houston, Texas in 1998.

In 1981, I became acquainted with a co-worker, Greta McMichael, who had been transferred from Louisiana to Dallas with her husband. She had transferred her membership to the Dallas Club, and that was when I first heard about the Desk and Derrick Club of Dallas. She invited me to a monthly meeting. At that time, Evelyn Matthews was president, and the Club had a membership of approximately 300. A potential member was required to attend two membership meetings and have two sponsors before a membership application could be approved by the Board of Directors. I have been a member for 35 years, and have held every position in the local club except the office of Treasurer. I as-sisted two Region IV Directors who were members of the Dallas Club, Mary Martinez in 2000, and Star Hasse in 2010, and have served as Representative on several Regional IV Committees over the years.

I was elected to serve as President for 2008. My theme was ″2008….Educate, dream and discover″. I ″dreamed″ for a growth of the membership and together, hoped to ″discover″ more about the industry. I found a quote by Mark Twain that depicted my thoughts---″Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines, Sail away from the safe harbor. Catch the trade winds in your sails. Ex-plore. Dream. Discover.″ The Installation was held at the Warwick Melrose Hotel in its Library. It was a very mascu-line room with rich mahogany paneling that had a warm, comfortable and cozy feeling. Candis Wells, who had served as ADDC President, was our Installing Officer. I later discovered Candis had been very ill during the week prior to In-stallation, but like the trooper she is, she was there for me and the Club. I love magnolias, so each attendee was giv-en a delicate ceramic magnolia flower to commemorate the occasion. Our monthly membership meetings were held at River Oaks Country Club, and most of our Board Meetings were held at my employer’s office. While President, I was employed as Office Manager by a small independent exploration and prospect generating firm, Highland (Texas) Energy Company. This position included a variety of duties such as Land Secretary, Engineering Tech and a small amount of Drafting--updating land plats. Each day was different and there never was a dull moment!

The field trip during my tenure was planned by Sharon Figueroa, Director of Education. It was a fabulous overnight trip to the Texas Hill Country. I was unable to attend, but have continued to hear about what an experience it was and how much fun I missed. Of course, photographs were taken and I got the chance to SEE what I missed. They went to Longhorn Caverns to see the stalactites and stalagmites, and took a scenic drive along Devil’s Backbone geological ridge near Wimberley, Texas. And, of course, time was scheduled for shopping. 2008 was definitely a year for educa-tion, to dream and to discover!

I have enjoyed my Desk and Derrick experience. I have gained knowledge of the oil and gas industry though the field trips and seminars offered at the local Club level, Regional Meetings and at the Conventions attended. My member-ship has afforded me the experience to gain public speaking confidence and I can stand on my ″soap box″ speaking about Desk and Derrick as long I am allowed. With that being said, I believe my greatest gift received has been the lasting friendships made throughout the Association. There are occasions at Regional Meetings and/or Conventions for the need to get reacquainted, but after the initial ″ice breaker″, it is easy to pick up from the last time.

Page 7: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 7

A Monthly Publication of the Desk and Derrick Club of Dallas

Page 8: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 8

A Monthly Publication of the Desk and Derrick Club of Dallas

Page 9: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 9

A Monthly Publication of the Desk and Derrick Club of Dallas

Page 10: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 10

A Monthly Publication of the Desk and Derrick Club of Dallas

New USGS Report Finds Risk of Damaging Earthquakes from Induced Seismicity

is Low

By Seth Whitehead, Energy In Depth, March 28, 2016

For the first time, the United States Geological Survey (USGS) has released maps that illustrate the one-year outlook for the potential of both natu-

ral and induced seismicity in the central and eastern United States. The map has already produced some misleading media coverage incorrectly

linking induced seismicity to fracking as well as exaggerating the risk level of induced seismicity from wastewater injection.

But not only does the report and accompanying press release clearly state wastewater injection is the primary cause of induced seismic events,

rather than fracking, it also illustrates that the risk of damaging earthquakes from induced seismicity is low. Here are three facts to know about

USGS’s new report and maps.

Fact #1: USGS reiterates that fracking is “only rarely” the cause of felt earthquakes.

The USGS makes crystal clear in its press release that hydraulic fracturing very rarely causes felt seismic events. “Many questions have been

raised about hydraulic fracturing—commonly referred to as ‘fracking’—and USGS studies suggest that this process is only rarely the cause of felt

earthquakes.”

In fact, fracking is never directly referenced in the report. This reinforces earlier statements by the USGS, which released a document last year to

clear up the misrepresentation in headlines that too often link fracking to earthquakes: “In the United States, fracking is not causing most of the

induced earthquakes. Wastewater disposal is the primary cause of the recent increase in earthquakes in the central United States.”

Of course, a vast majority of seismicity in the central U.S. in recent years has occurred in Oklahoma. Of the 2,226 3.0 M earthquakes in the central

United States between 2009 and 2015 identified in the study, 1,708 (77 percent) have occurred in Oklahoma since 2009. Expert after expert has

reiterated that wastewater injection is the likely cause of Oklahoma’s spike in earthquakes.

For instance, Stanford geophysicist Mark Zoback, who has conducted numerous studies on earthquakes in Oklahoma, recently released a video

explaining that earthquakes in Oklahoma have nothing to do with hydraulic fracturing: “What’s happening in Oklahoma is unrelated to hydraulic

fracturing. It’s unrelated to hydraulic fracturing flowback water. It’s caused by massive injection of produced water.” (marker 2:52)

USGS seismologist George Choy reiterated Zoback’s point in a Gizmodo.com story on the study. “Most of the water does not come from fracking,

it just comes from regular oil and gas.”

Dr. Matthew Hornbach, a scientist at Southern Methodist University (SMU) made similar comments last year regarding media coverage of North

Texas earthquakes that were linked to wastewater injection: “We’re not talking at all about fracking. In fact, it’s been driving us crazy, frankly,

that people keep using it in the press.”

Fact #2: Very few injection wells have been linked to induced seismicity, and the risk from these wells is low. The report clarifies that although wastewater injection is the primary cause of induced seismicity, the number of injection wells tied to induced

seismicity is marginal. “Wastewater disposal is thought to be the primary reason for the recent increase in earthquakes in the CEUS (Central Unit-

ed States). While most injection wells are not associated with earthquakes, some other wells have been implicated in published scientific studies,

and many states are now regulating wastewater injection in order to limit earthquake hazards.”

A 2015 EID report based on data from the USGS and peer-reviewed studies, found that fewer than one percent of wastewater injection wells has

been linked to induced seismicity.

As the following map illustrates, the USGS report found risk levels for damaging induced earthquakes of one percent or less for most areas in

Texas, Colorado, New Mexico and Arkansas, which is the same risk level assessed for states such as Minnesota, Iowa, Nebraska and other states

with little to no oil and gas production. USGS found only a 2-5 percent risk level in very small areas of New Mexico, Colorado, Texas and Arkan-

sas.

The USGS pointed out that the risk level illustrated in the western states shown on to the left on the map above (most notably California) is based

on the presumption of naturally occurring earthquakes rather than induced earthquakes. Only a very small portion of south-central Kansas was

identified as an area with a 5-10 percent risk of experiencing a damaging induced earthquake. It is important to note that just 1.6 percent of Kan-

sas’ 5,000-plus disposal wells have been potentially linked to induced seismicity, and as the USGS report notes, Kansas regulators have recently

taken steps to extend reductions of wastewater injection in Harper and Sumner counties, areas where induced seismicity has been an issue.

Areas of Oklahoma, not surprisingly, make up a vast majority of the map in which the USGS believes there is a 5-12 percent chance of a damaging

induced earthquake. But for perspective, even when considering the highest possible number of injection wells that regulators have been watching

closely, the vast majority of injection wells in Oklahoma are still operating without seismicity. And regulatory measures continue to be put in

place in the Sooner State to address injection volumes in areas the USGS highlights. The Oklahoma Corporation Commission recently released a

new regional seismicity response plan covering 5,200 square miles and affecting 406 disposal wells in central Oklahoma that will reduce annual

wastewater volume disposed in the area by 40 percent below 2014 volumes. The OCC announced a similar plan in western Oklahoma early this

year, with the two regional plans covering 640 disposal wells and 10,000 square miles.

ENERGY LEGISLATION IN THE NEWS:

Page 11: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 11

A Monthly Publication of the Desk and Derrick Club of Dallas

The OCC has also expanding its “area of

interest” (AOI) to include 118 additional

Arbuckle disposal wells in areas that have

not yet seen earthquake activity. It is be-

lieved the Arbuckle formation, which sits

below producing formations, may be in

hydraulic communication with the crystal-

line basement and therefore be re-

activating previously unknown faults. The

OCC’s recent efforts are just part of a

continuing response from regulators and

industry to address the issue of induced

seismicity in the state.

Fact #3: Some areas with prior history

of induced seismicity identified as low

hazard areas Interestingly, a handful of the 21 areas in

which the USGS says scientists have doc-

umented potential induced seismicity are

not highlighted as significant hazard areas

on the USGS’s new map. “Induced earth-

quakes have occurred within small areas

of Alabama, Florida, Ohio, Pennsylvania

and Utah, but a recent decrease in induced earthquake activity has resulted in a lower hazard forecast in these states for the next year.” Areas of

documented potential induced seismicity are shown in the USGS map left.

But the areas referred to in documented above in southern Alabama, Florida, Ohio, Pennsylvania and Utah are not indicated as increased risk areas

in the USGS’s earthquake forecast map (first map shown above). In fact, areas such as the Bootheel of Missouri – where no induced seismicity

has been suspected – are considered higher hazard areas for earthquakes due to natural conditions than the areas cited in the above paragraph.

“For example, the New Madrid Seismic Zone near Memphis has experienced a higher rate of natural earthquakes in the past two years, leading to a

slightly higher hazard potential in small portions of

Arkansas, Missouri, Illinois, Kentucky and Tennes-

see.”

Conclusion

Despite hyperbolic headlines, the new USGS map and

report doesn’t really tell us anything we didn’t already

know about induced seismicity. We already knew that

wastewater injection – not fracking – was the likely

cause. We already knew that induced seismicity was

rare in most areas of the central United States, and that

the potential for damaging quakes was minimal. And

we already knew that regulators in areas in which

induced seismicity is most prevalent – Oklahoma and

southern Kansas – are working to address the issue.

The USGS also acknowledges that its map is anything

but a forecast for certain earthquake activity. “Of

course there is a level of uncertainty associated with

this and all hazard maps, as we are still learning about

their behavior and can only forecast with probabil-

ity—instead of predict with certainty—where earth-

quakes are likely to occur in the future. Testing these

maps after a year will be important in validating and

improving the models.”

That said, those who say the extreme measure of banning wastewater injection (and the U.S. oil and gas industry, effectively) based on this USGS

report should consider what Bill Ellsworth of the USGS has said about the issue of induced seismicity in the past: “What we’ve found is there is a

link between disposal of waste water and earthquakes. And in many of these cases, it’s been fixed by either shutting down the offending well or

reducing the volume that’s being produced. So there are really straight-forward fixes to the problem when earthquakes begin to occur.”

http://energyindepth.org/national/new-usgs-report-finds-risk-of-damaging-earthquakes-from-induced-seismicity-is-low/

Submitted by Sharon Figueroa, Director of Education

Page 12: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 12

A Monthly Publication of the Desk and Derrick Club of Dallas

History Points to a Good Month Ahead for Oil By Alex Rosenberg, CNBC

Oil is enjoying an incredible March, which could suggest that a good April is ahead. While crudes lid in

Tuesday trading, the commodity is bouncing back on Wednesday morning. And even through Tuesday's set-

tlement, oil is up more than 13 percent over the current month.

That sets March up to be one of the best-ever months for oil. Over the past two decades, crude has only risen

13 percent or more in 15 distinct months.

The good news for oil bulls? The month following a substantial gain has tended to be a positive one for the

commodity. When oil has risen 13 percent in a given month, it tends to rise another 1.5 percent in the month

that follows — with the median move in the following month being a 3.7 percent rise.

For the sake of comparison, the average one-month move for WTI over the past 20 years has been a 0.7 per-

cent gain. (All of this is according to data sliced and diced from FactSet.)

The move in oil is a "short-covering rally," and "when you have these type of short-covering rallies, they can

oftentimes extend more than you would anticipate, as more traders get panicked about their short trades,"

Kathy Lien of BK Asset Management commented in a Monday "Trading Nation" segment.

Interestingly, oil also appears to frequently build up momentum to the downside. After a down-13 percent

month, crude has fallen an average of 3.2 percent in the month that has followed.

Of course, it is no secret that commodity markets experience powerful trends. The best-known big-money

commodity trading strategy is hopping aboard moves higher or lower, and profiting off of the expected mo-

mentum.

Evidence suggests that as oil has bounced back, many of these trend-following hedge funds (known as com-

modity trading advisors) have been forced to cover their short positions and perhaps even get long crude.

In fact, Reuters reported Tuesday that hedge funds have speedily increased their bullish bets on crude oil over

the past three months, all the way up to a near-record net long position of 579 million barrels.

As more and more funds potentially pile in as the second quarter begins, oil's gains may be set to continue.

http://www.msn.com/en-us/money/markets/history-points-to-a-good-month-ahead-for-oil/ar-BBr7d5m?

ocid=iehp, March 30, 2016

Submitted by Victoria Ashley

Page 13: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 13

A Monthly Publication of the Desk and Derrick Club of Dallas

PRAYERS requested for Lena Myers, member of the Lafayette Club who is on a lung transplant waiting

list. Lena has now been placed on a ventilator.

CONDOLENCES to the family of Pam Farmer. Pam was a very active member of the Abilene Club,

joining in 2002. Pam passed away after complications from a hip replacement surgery on March 13.

. . .to Wendy Sparks, President of the OKC Club on the loss of her mother at the end of February.

. . . to Sharon Mann and family on the loss of her son Rylan who was killed in a car accident on February 19.

Sharon is a member of the Alberta Foothills Club.

. . to Sharon Davis and family on the loss of her son Joshua who passed away unexpectedly on March 15.

Sharon has been a member of Tuscarawas Valley Club since 1998.

. . . to the family of Patty Squyres of the NNHMC Club who passed away March 24.

Page 14: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 14

A Monthly Publication of the Desk and Derrick Club of Dallas

ASSOCIATION OF DESK AND DERRICK CLUBS

2016 REGION IV MEETING—GALVESTON, TEXAS

MAY 18 - 21, 2016

Fifty-seventh annual Region IV meeting in Galveston, Texas (hosted by the Houston Club):

Hotel - The Tremont, is located on the historic Strand, which was developed as Galveston’s commerce

center in the late 1800s. The Strand has survived over 100 years to be reborn as the island’s shopping

mecca.

Four field trips and seminars offered—they are sure to be interesting, educational, and fun:

- ExxonMobil Baytown Refinery

- Nanotech at Rice University

- Ocean Star Drilling Rig Museum

- San Jacinto Maritime Technology & Training Center

Enjoy your time in Galveston with Region IV and STEP IT UP … HOW ABOUT YOU?

Mary T. Vaughan

2016 Region IV Director

Association of Desk and Derrick Clubs

***************************************************************************************

Get YOUR 2016 ADDC Monitor NOW The Desk and Derrick Club of Dallas is once again selling the Association of Desk and Derrick Clubs’ 2016 monthly monitors with the Desk and Derrick logo. These calendars are the perfect way to keep track of Club activities, member and family birthdays, and all those special events throughout the year. The two-page format provides plenty of space to jot down reminders and appointments, too!!

GREAT GIFT IDEAS…..

Get yours today for $10 each, OR 2 for $15!!!

Beverly Murrey c/o Desk and Derrick Club of Dallas P O Box 603071 Dallas, TX 75360-3071 Should you have any questions, please contact Beverly at [email protected], or 214-914-5128.

Page 15: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 15

A Monthly Publication of the Desk and Derrick Club of Dallas

Page 16: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 16

A Monthly Publication of the Desk and Derrick Club of Dallas

Board of Directors

PRESIDENT

Connie Harrison

Valero Energy Corp.

PRESIDENT ELECT

Maggi Franks

K&E Computer Services

VICE PRESIDENT

Christina Forth

AOG International

SECRETARY

Penny Jacobs

Range Resources-Appalachia LLC

TREASURER

Terry Ligon

L Chem Tech Co., Inc.

IMMEDIATE PAST PRESIDENT

Lori Landry

White Knight Resources

EXECUTIVE ASSISTANT

Melinda Montgomery

Memorial Resource Dev. Corp

PARLIAMENTARIAN

Sheryl Minear, RP

Sojourner Drilling Corp.

REGION I DIRECTOR

Cheryl Charie

Range Resources - Appalachia

REGION II DIRECTOR

Kathy Bickel

Mosbacher Energy Company

REGION III DIRECTOR

Theresa Adams

D&B Marine Services, LLC

REGION IV DIRECTOR

Mary T. Vaughan

EXCO Resources Inc.

REGION V DIRECTOR

Monica Sanchez

California Resources Corporation

REGION VI DIRECTOR

Tammy Watkins

CTKW Petroleum Land Service, LLC.

REGION VII DIRECTOR

Cori Peever

Command Fishing & Pipe Recovery Ltd.

Connie J. Harrison

President

Valero Energy Corporation

Aviation Department

1000 Skyplace Blvd

San Antonio, Texas 78216

(210) 345-5460 O

(210) 563-6656 M

[email protected] (o)

April 2016

"SPRING IS A TIME OF RENEWAL ON EARTH AND THUS IT SHOULD BE WITH

EVERYTHING

—LORD BYRON

April comes with showers and so it is with Desk and Derrick, showers of members and greatness

for our association. As you have to water your garden to make it grow so we in Desk and Derrick

must “water “our garden of membership so that it will grow. A garden must be nurtured and culti-

vated to be able to harvest its bounty and so we must do the same and take the time to nurture,

water and cultivate our membership to make it grow. Every one of you is needed to make our

association grow.

Ask yourself what you can do to help make this association garden grow and flourish. All of us

have talents to bring to the garden and I know that everyone has a talent that can be useful to your

own club and our Association.. Join a committee or sign up to help with the next club project or

event that is coming up. There are so many ways your unique talents can be used and I know that

the clubs are eager to have you lend your talents to the garden.

Remember there are many such opportunities for learning with Desk and Derrick and one way to

learn more is to attend meetings and participate, not just be a spectator. Think about your own job

and maybe what your company does would be a good topic for a meeting program. This will not

only get you more involved but will help you with public speaking skills that you may not even

know you have. This might even lead to a field trip or seminar at the regional or national level.

You just never know what might grow until you water it.

I am hearing many positive stories from the regions and the clubs, that even with the downturn in

our industry success stories are taking place every day. We just need to get creative in our ap-

proach and nurture each other to help others grow. Remember to invite prospective new members

to your meetings and events. I have found that there are a lot of people, even in our industry, who

do not know who or what we Desk and Derrick is, so we need to find those people. What a great

opportunity, to share your educational experience gained thru being a member and ask them to

come to a meeting. Remember we have that Potential Member Reimbursement Program in place

for just this type of situation. It is there for you the member, so please use it.

April begins the Regional Meetings and I encourage each of you to attend your Regional Meeting

and if possible another regions meetings. You will learn so much and make life long friends as

well. Your garden will grow even more by attending.

I hope to see many of you at the Regional Meetings that I am attending, IV, V, VI, VII and those I

will not be attending I will be getting reports from them and I want to hear all about that flourish-

ing garden in your region.

Be safe in your travels and don’t miss out on a chance to add another flower to the garden. You

never know what harvest you will gather.

Connie Harrison

2016 ADDC President

Page 17: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 17

A Monthly Publication of the Desk and Derrick Club of Dallas

Page 18: Diamond Bits - Desk and Derrick Club of Dallasdallasdandd.com/images/2016_April_Diamond_Bits.pdf · 2016. 4. 6. · online purchases. Fortunately there is also Technical Assistance

March 2016 Page 18

A Monthly Publication of the Desk and Derrick Club of Dallas

2016 Executive Board

President Julie Hendon

Vice President Tiffany Sellars

Secretary Barbara Chapman

Treasurer Lisa David

Director of Education Sharon Figueroa

Director of Publications Denise Adams

Director of Rules Susan Wrobbel

Immediate Past President Donna C. Taylor

Parliamentarian Mary T. Vaughan

Club Purpose and Motto

The purpose of the club shall be to promote the education and professional development of indi-viduals employed in or affiliated with the petroleum, energy and allied industries and to educate the general public about these industries.

Greater Knowledge, Greater Service

Desk & Derrick Club of Dallas P.O. Box 603071 Dallas, TX 75360

Sharon Figueroa, Mary T. Vaughan, Susan Wrobbel 2016 Diamond Bits Editors [email protected] [email protected] [email protected]

2016 Committees & Members AWARDS Susan Wrobbel & Victoria Ashley BULLETIN Sharon Figueroa, Susan Wrobbel

& Mary T. Vaughan, Editors BYLAWS Susan Wrobbel , Sharon Figueroa, & Barbara Chapman

COMMUNICATION/LEADERSHIP TRAINING & LEGISLATIVE INFORMATION Sharon Figueroa COMMUNITY SERVICE Sharon Figueroa CONTACT/EMPLOYMENT Sharon Figueroa FIELD TRIPS/SEMINARS Sharon Figueroa GOLF TOURNAMENT Susan Wrobbel, Chairman

Molly Delgado, Co-Chairman HOUSE ARRANGEMENTS Lisa David & Rita Harden INDUSTRY LIAISON Barbara Chapman INSTALLATION Tiffany Sellars & Sharon Figueroa JULY FUNCTION Barbara Chapman MEMBERSHIP Tiffany Sellars,

Sharon Figueroa & Mary T. Vaughan ORIENTATION PHOTOGRAPHY Mary T. Vaughan PROGRAMS Tiffany Sellars & Carolyn Sczepanski RESERVATIONS Lisa David & Rita Harden ROSTER Barbara Chapman SCHOLARSHIP Susan Wrobbel & Victoria Ashley TALLY WEBSITE/MEDIA Mary T. Vaughan & Victoria Ashley