November LASPE Petroleum Technology Forum

CRUDE PRICING TRENDS AND EXPECTATIONS -
CALIFORNIA AND WORLDWIDE

Barry Evans, President and Tom Walker, Vice-President
Evans, Frey and Walker

Barry Evans, President - Evans, Frey and Walker

Barry Evans, Vice-President - Evans, Frey and Walker

Abstract:
The CIPA/WSPA California Market Survey surveyed California and USA companies to determine general crude and gas price expectations and operating cost escalation factors. Tom Walker will discuss the results of the survey in the context of the current pricing situation and review the drivers of local prices.
Worldwide, the key factor affecting crude price volatility is supply and demand, but the factors affecting supply and demand are varied are not predictable. Barry Evans will review current thinking on this and his take on the coming crunch from predicted world production peak.

Biographies:
For the last 3 years Barry Evans has been President of Evans, Frey & Walker, Consulting Petroleum Engineers. Prior to this he had his own consulting firm, B. L. Evans & Associates. Prior to consulting he was E.V. P. and Manager of Operations for Century Oil Corp, Vice President- Security Pacific bank, and with Chevron he was a Division Reservoir Engineer and the Bakersfield District Engineer. He has lectured at USC, UCLA and Stanford, He holds Bachelor and Master’s degrees in Petroleum Engineering from USC. He is a member of SPE, SPEE and is a senior member of the American Society of Appraisers.

Since 2001, Tom Walker has served as Vice President at Evans, Frey & Walker. Prior to that, he was President of Walker Engineering, Inc., Surveillance Operations Engineer for Aera at Huntington Beach Field (California), Environmental, Health and Safety / Operations Engineer for Mobil Oil at Rio Vista, Santa Fe Springs, Ventura, Willows-Grimes and Wilmington Fields (California). Tom earned his Bachelors degree in Petroleum Engineering from Texas A&M, graduating with honors in 1985. Following graduation, he worked for Mobil Oil at various positions and locations in Texas and California prior to signing on with Area in 1996. he is a member of SPE, SPEE and is a licensed engineer in California (Petroleum).