NATIONAL OVERVIEW - PowerPoint PPT Presentation

1 / 20
About This Presentation
Title:

NATIONAL OVERVIEW

Description:

Are we in another Boom/Bust Cycle? ... A return to layoffs & Boom & Bust? Are we there? NO This is not an oil bust but a financial/speculation bust. ... – PowerPoint PPT presentation

Number of Views:69
Avg rating:3.0/5.0
Slides: 21
Provided by: creggha
Category:

less

Transcript and Presenter's Notes

Title: NATIONAL OVERVIEW


1
NATIONAL OVERVIEW
  • Presented by
  • Joseph Leimkuhler
  • National President - AADE

2
Thank You
2009 AADE National Technical Conference Nicole
Baird Chair - Shell Houston Mike Guarisco
Lisa Grant Shell New Orleans Paul Vining MI
Drilling Fluids Benny Manuel Knight Oil Tools
Lafayette Chapter Hoss Smith Knight Oil Tools
Dallas Chapter David De Lao Chesapeake,
Keynotes Plenary Exhibitors Baker/Hughes,
Downhole Devices, NOV-Reed Hycalog, CORT,
Schlumberger, Fann, Wild Well Control, WearSox,
DrilQuip, Vibration Technologies, Knighthawk
Engineering, Grace Inst Co, MD-Totco LSU,
Navigate Energy Services, Vortex Ventures,
NewPark Drlg Fluids, MI-Proceedings Volunteers
Session Moderators
3
AADE Background
  • We are a non-profit (IRS 501-6C), volunteer
    organization founded in New Orleans in 1978.  We
    are over 30 years old!
  • Formation of the AADE was based on the fact that
    no existing drilling industry organization was
    consistently providing technical exchange
    specifically for Drilling Engineers.

4
AADE Mission-Vision-Values
Mission To provide the forum for the
dissemination of practical drilling technology to
those employed in the
drilling industry.
or interested
VisionTo be a leading forum for the
dissemination and interchange of drilling
practices and technology.
ValuesTo promote professionalism and respect
within the drilling industry, the community, and
the environment in which it co-exists.
5
Are we meeting our Mission?
We are meeting the mission of providing a forum
for the dissemination of drilling technology to
those employed in the industry.
We are also fulfilling our mission of
dissemination of drilling technology to those
interested in the industry
6
AADE Membership Breakdown
Over 75 of our membership is in Texas /Gulf
Coast
Texas 62,
15 Student Membership
Louisiana 16
7
AADE Current Status
  • Technical Forums and National Conferences are
    meeting the needs of our members and mission.
  • This is the 1st AADE National Conference held
    outside of Houston.
  • Support of Education is increasing interest in
    Drilling related careers
  • 250,000 in AADE Scholarships in 2008
  • 380,000 in University Education Support in
    2008
  • AADE Funded Well Control Training, 150 to date.
  • Knowledge Box Associated Programs for Primary
    Secondary Education.
  • Not too bad for a Volunteer Organization!

8
AADE Critical Analysis - SWOT
  • AADE STRENGTHS
  • Chapter meetings and technical conferences,
    are meeting the overall mission of the AADE,
    facilitating the exchange of practical drilling
    technology and practices to those employed or
    interested in the drilling industry
  • We have dedicated officers at both the
    National and local level who are focused on
    advancing the aims of the organization.
  • Our organization has strong support from the
    Oil and Gas Service companies.
  • We have a strong nucleus of experienced
    members across all aspects of the Drilling
    industry.
  • We have a well established network of Chapters
    and an expanding Student Section program.

9
AADE Critical Analysis - SWOT
  • AADE WEAKNESSES
  • We are a volunteer organization with no paid
    professional staff,
  • High Low Industry Activity results in
    challenges for officers and members to find time
    to devote to AADE activities and planning.
  • Under the current National Leadership our
    vision/goals, at times, exceeds or capacity to
    execute and deliver.
  • Our balance between Operator and Service
    company members is too heavy on the service
    company membership relative to operator staff
    participation.
  • Our vision to be/remain a leading forum for
    the dissemination and interchange of drilling
    practices and technology is compromised to due
    the relative inactivity of Operator staff.
  • Our active membership is dominated by staff
    with 15 years of experience.
  • Organizational impact and activity
    (Scholarships, Knowledge Box, Student Section
    Support) is not well publicized beyond AADE.

10
AADE Critical Analysis - SWOT
  • OPPORTUNITIES
  • Greater service/utility to our members find
    our unique niche and exploit our strengths. IMHO
    we should focus on the operational execution of
    the drilling process both from an HSE as well as
    efficiency standpoint.
  • Publicize our events and activities better.
  • Increase Upward Feedback from membership to
    Chapter and Local Leadership
  • Enhance the website job postings? HSE
    information exchange? Information request
    message boards?
  • Increased media presence by AADE
    officers/members advocate on behalf of our
    industry. Sponsor/prepare drilling industry
    responses to FAQ to project portray our
    organization and industry in a truthful positive
    light.

11
AADE Critical Analysis - SWOT
  • THREATS
  • Current Organizational demographics (Chapter
    level) could limit the long term growth of AADE
    we are not doing enough to enroll, mentor or
    attract the new wave of young drilling staff.
  • Public perception of Drilling activity, (the
    HSE record, impact on the environment, and impact
    to the economy) is distorted and not based on
    actual performance, real data, or positive
    personal experiences.

12
AADE What do we need to grow?
  • Find Our Niche

JML Opinion We are not a competitor to SPE
nor IADC.
  • There is a gap between SPE IADC Operational
    Efficiency Excellence

When All three communities work effectively
together on a project.magic happens!
13
AADE What do we need to grow?
  • Find Our Niche

JML Opinion We are not a competitor to SPE
nor IADC.
  • There is a gap between SPE IADC Operational
    Efficiency Excellence
  • If AADE fills that gap will Operator
    Participation Increase? Yes
  • People take action based on what they see as
    possible..
  • We need a stable business climateto continue as
    a volunteer organization.
  • Unprecedented Oil Price Increases Unsustainable
    Growth
  • Unprecedented Oil Price Collapse A return to
    layoffs Boom Bust?
  • Are we there?

14
Are we in another Boom/Bust Cycle?
  • We need a stable business climateto continue as
    a volunteer organization.
  • Unprecedented Oil Price Increases Unsustainable
    Growth
  • Unprecedented Oil Price Collapse A return to
    layoffs Boom Bust?
  • Are we there?

15
Are we in another Boom/Bust Cycle?
  • We need a stable business climateto continue as
    a volunteer organization.
  • Unprecedented Oil Price Increases Unsustainable
    Growth
  • Unprecedented Oil Price Collapse A return to
    layoffs Boom Bust?
  • Are we there?

NO, once world economic activity resumes sanity
returns 70/Bbl
2007 to 2009 Speculation Oil
2000 to 2007 No Easy Oil
  • Increasing Demand from Developing Countries
  • OPEC Conventional Oil can not meet Demand
  • Investment Firms Speculation Drives Price
  • 60-70 of Oil Futures Contracts held by
    Speculators
  • Oil Gas Commodity Market Grows 13 to 300 Bln.
  • 27 bbls traded for each bbl delivered
  • Who were the major players in oil/energy futures
    contracts..Enron, Lehman Bros, AIG, Morgan
    Stanley.
  • Commodities bubble bursts with market collapse

16
Look into the Future Meeting the energy
challenge, Shells 3 Hard Truths
150 x 67 ?
Ans 100
HARD TRUTH 1 This will lead to a growth in
energy consumption of up to 50
Conventional Oil Gas Reservoirs Declines _at_ 7
p.a.
HARD TRUTH 2 Easy oil (traditional
development) will not meet the demand future
resources will be difficult to find and extract
HARD TRUTH 3 CO2 emissions are rising even
faster than demand for energy
Bottom Line Oil Gas Development will grow not
decline in the next 40 yrs
Technology Innovation Unconventional
resources Alternative energy CO2 management
17
AADE What do we need to grow?
  • Find Our Niche JML Opinion We are not a
    competitor to SPE nor IADC.
  • There is a gap between SPE IADC Operational
    Efficiency Excellence
  • If AADE fills that gap will Operator
    Participation Increase? Yes
  • People take action based on what they see as
    possible..
  • We need a stable business climateto continue as
    a volunteer organization.
  • Unprecedented Oil Price Increases Unsustainable
    Growth
  • Unprecedented Oil Price Collapse A return to
    layoffs Boom Bust?
  • Are we there? NO This is not an oil bust but
    a financial/speculation bust.
  • Oil is likely to return to 60-70 /bbl with
    decreased supply (OPEC) and any sign of economic
    growth.
  • Even with unprecedented growth in renewable
    energy and conservation conventional oil and gas
    demand will stay at current levels or even
    increase.

18
AADE What do we need to grow?
  • Find Our Niche JML Opinion We are not a
    competitor to SPE nor IADC.
  • There is a gap between SPE IADC Operational
    Efficiency Excellence
  • If AADE fills that gap will Operator
    Participation Increase? Yes
  • People take action based on what they see as
    possible..
  • We need a stable business climateto continue as
    a volunteer organization.
  • When the industry is stressed by excessive
    expansion or contraction it is difficult for
    Volunteer organizations to operate.
  • We need to focus our limited resources.time
    on the next generation of Drilling technical
    professionals.
  • Student Sections vs other education
    initiativescan we continue to do both
  • Decided on a chapter basis
  • JML Opinion Focus more on student sections,
    less on Knowledge Box other education
    initiatives.

19
Whats the Future of AADE?
  • Continue to meet the needs of our members via
  • Chapter and National Technical meetings
    Conferences.
  • Industry Networking/Social events
  • Support of Student AADE Sections
  • Continue to provide the forum for the
    dissemination of practical drilling
    technology.. operational excellence.
  • Promote the development of oil gas in the
    community via education programs/initiatives
    student section support.
  • Dispel the common myths about our industry.
  • Grow the business by highlighting long term
    career opportunities across the Operator/Service
    Company sector.

The future of AADE is bright, we have achieved a
great deal, however.. WE ARE A VOLUNTEER
ORGANIZATION, and will continue to thrive as long
as the VOLUNTER base is sustained.
20
Questions?Comments?
Write a Comment
User Comments (0)
About PowerShow.com