SIPES HOUSTON CHAPTER
3242 Summerland Drive
Manvel, Texas, 77578
Chapter Officers 2020
Steve M Smith
Technical Program Chair
Public Relations Chair
Deal Buyers List Chair
Continuing Education Chair
In this issue
Letter From The Editor
Mark P Mills
SIPES Houston Board
Nord Stream 2 Update
Deal Buyers Event
SIPES Houston TWITTER
Geology on Mars
SIPES LinkedIn Page
Are You An Oil Man? Buy The HAT!
No More Wind!
IEA Net-Zero Plan? Robert Bryce
Oil Is Here To Stay, Blackrock
Geologist for Hire
Jeﬀ Allen on a Podcast
A Cool Glass
JP Morgan 2021 Energy Outlook
On the cover: David Ramsden-Wood at the May SIPES Houston Luncheon
LETTER FROM THE EDITOR
The SIPES Houston Deal Buyer Event is upon us on the 17th of June at 2PM. If you did not get an invite, that means your name is not on the list and you will not be allowed to enter. If you think you should have been invited, you need to contact me ASAP to plead your case.
On the 17th we will be hosting Mark P. Mills as the luncheon speaker. I highly encourage you to attend. Mr. Mills is an accomplished author, speaker, and well respected intellectual at the Manhattan Institute and Northwestern University. WINE WILL BEGIN AT 11AM. LUNCH WILL START AT 11:30AM
If you are a SIPES member, have been laid off, or looking for a new job, you are welcome to utilize this newsletter to help you in your goals. Please see page 16 for an example.
If you have a prospect to show, put it in the newsletter or showcase it at a luncheon. SIPES Houston is proud to provide opportunities for prospectors to become successful.
Gas is over $3.00. If you’ve been reading this newsletter and attended my January “State of the industry” event, this should not be a surprise.
Stay lean, stay hungry,
SIPES HOUSTON BOARD
Jeff Allen (not pictured)
Godswill Nwankwo (not pictured)
Barry Rava (not pictured)
Nord Stream 2 Update
Click on the image or video above to watch a short video about how important this pipeline is to Europe and America’s interest abroad. This is a big deal!
Deal Buyer Event
IF YOU ARE NOT INVITED, YOUR NAME NOT ON THE LIST, YOU WILL NOT BE ALLOWED INSIDE
This is an event only for true Working Interest Buyers and prospect sellers of the highest ethics and technical expertise.
The type of prospects?
- Analogs, seismic, proven trends.
- NO Land flips or acreage deals
- NO production purchases
- NO horizontal plays
- NO Private Equity, Bankers, or Finance “bros” allowed inside
GEOLOGY ON MARS !
The True Cost of Solar in N. Dakota
Click on the image above to watch a short 6 minute video about how overregulation has ruined our ability to build new infrastructure.
OIl is Here To Stay
This is an event only for true Working Interest Buyers and prospect sellers of the highest ethics
BlackRock, the world’s largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition, Reuters quoted chief executive Larry Fink as saying on Thursday. BlackRock is a major shareholder in many large oil and gas companies, including in the two U.S. supermajors, ExxonMobil and Chevron. Investors cannot “run away” from the oil and gas industry, Fink said.
Most of the decarbonization costs now fall on the private sector, the executive added, and suggested that governments should be more involved in the energy transition. In his 2021 letter to CEOs earlier this year, Fink said, “we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy.” BlackRock is “carbon neutral today in our own operations and are committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner,” Fink noted in his letter to CEOs.
Last week, BlackRock supported activist investor Engine No.1 at the shareholders’ meeting of Exxon, which resulted in the investor taking board seats at the U.S. supermajor.
BlackRock backed three of Engine No. 1’s four board nominees and said, “We continue to be concerned about Exxon’s strategic direction and the anticipated impact on its long-term financial performance and competitiveness.” The asset manager also voted for a shareholder proposal for Exxon to report on corporate climate lobbying aligned with the Paris Agreement because “we believe such a report would help investors’ understanding of Exxon’s climate-related lobbying and participation in trade associations.”
BlackRock supported a similar vote at the Chevron annual general meeting, at which shareholders fled a non-binding proposal requesting that Chevron report on how the company’s direct and indirect lobbying align with the Paris Climate Agreement goals.
BlackRock sees Chevron as “a leader among US peers with regard to board oversight of climate risk,” but noted that “One additional area that we believe would strengthen the company’s disclosure is additional transparency around political spending and lobbying related to climate risk and the low carbon transition.”
By Tsvetana Paraskova for Oilprice.com
Geologist for Hire
SIPES Members are welcome to post a job application or resume in the newsletter for free. SIPES is always ready to help our members.
SIPES Book Recommendation
The sheer volume of talk about energy, energy prices, and energy policy on both sides of the political aisle suggests that we must know something about energy. But according to Peter Huber and Mark Mills, the things we “know” are mostly myths.
In The Bottomless Well , Huber and Mills debunk the myths and show how a better understanding of energy will radically change our views and policies on a number of very controversial issues. They explain why demand will never go down, why most of what we think of as “energy waste” actually benefits us; why greater efficiency will never lead to energy conservation; and why the energy supply is infinite-it’s the quality of energy that’s scarce and expensive.
The Bottomless Well will also revolutionize our thinking about the automotive industry (gas prices don’t matter and the hybrid engine is irrelevant), coal and uranium, the much-maligned power grid (it’s the worst system we could have except for all the others), what energy supplies mean for jobs and GDP, and many other hotly debated subjects.