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April 2001
Los Angeles Basin
Section Newsletter
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Letter from the Chair . . . John Jepson
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.
John Jepson
Section
Chairperson
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
·
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:
CSULB
Manuel
Nuno $1,000 ,
Nitesh Rastogi
$500, President of SPE
Student Chapter
Montserrat
Martin $500, Secretary of SPE, Student Chapter
USC
Juan
Anguiano $1,000 Secretary of
SPE
Student Chapter
Ursula Wylie
$1,000
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
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SPE PETROLEUM TECHNOLOGY
LUNCHEON FORUM
DATE: Tuesday, April 17, 2001
TIME: 11:30 am
– Social
12:00
pm – Lunch
12:30
pm – Presentation
PLACE: Long Beach Petroleum Club
3636
Linden Avenue
Long
Beach, CA
COST: $15.00 General Admission,
$5.00 Students
RESERVATIONS: Not Required
SPEAKER: William (Bill) Jentsch Jr.
Business
Development
Evaluations
Engineer
Plains
Resources Inc.
(Owner of Stocker Resources)
TOPIC: Petroleum Capacity, Supply and Demand: The Flawed Reporting
Processes
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.
Biography:
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:
Tom Hoy, Long Beach Dept. of Oil Properties (562) 570-3943,
tohoy@ci.long-beach.ca.us
Brennan Campbell, THUMS (562)
624-3536, Brennan_Campbell@oxy.com
Thais Montenegro de
McComb, (714)962-1723, tmontenegro@prodigy.net
John Thompson, The Gas Company (310) 578-2689, jathomp12@earthlink.net
