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SIPES Luncheon: March 18, 2021 @ 11:30 AM

March 18 @ 11:30 am - 1:00 pm CDT

Free – $60

The Society of Independent Professional Earth Scientists (SIPES), Houston

The Texas Deep Freeze of February 2021: What Happened and Lessons Learned

Date: Thursday, March 18, 2021
Time: 11:30 am to 1:30 pm

Season Pass Holders: $0

In-Person Cost For Early Birds (register before 12 noon on Tuesday, March 23, 2021) :
In-Person for Members: $40
In-Person for Non-Members: $50

In-Person Cost For Late Registration and Walk Ups :
In-Person for Members: $50
In-Person for Non-Members: $60

For membership, go to – https://sipeshouston.org/product/annual-dues-2021/


The recent cold weather event had a severe impact on the Texas energy system, exposing fragilities that have structural roots that date back over a decade. Notably, the market itself is not at issue; rather, a lack of sufficient mechanisms to ensure resilience under high stress is. This talk will address what happened, why it happened, and what can be learned from it.


Kenneth B Medlock III:

Kenneth B. Medlock III, Ph.D.  is the James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics at the Baker Institute and the senior director of the Center for Energy Studies. He is also the director of the Masters of Energy Economics program, holds adjunct professor appointments in the Department of Economics and the Department of Civil and Environmental Engineering, and is the chair of the faculty advisory board at the Energy and Environment Initiative at Rice University. Medlock is also a Distinguished Fellow at the Institute of Energy Economics, Japan, holds a fellowship at King Abdullah Petroleum Studies and Research Center and is a member of the Advisory Board of the Payne Institute at Colorado School of Mines. In 2012-2013, Medlock held the prestigious Haydn Williams Fellowship at Curtin University in Perth, Australia. He teaches advanced courses in energy economics and supervises Ph.D. students in the energy economics field. Medlock is a principal in the development of the Rice World Natural Gas Trade Model, which is aimed at assessing the future of international natural gas trade. He has published numerous scholarly articles in his primary areas of interest: natural gas markets, energy commodity price relationships, gasoline markets, transportation, national oil company behavior, economic development and energy demand, and energy use and the environment. He has testified multiple times on Capitol Hill on U.S. oil and natural gas exports, has spoken at OPEC, and is frequently asked to speak about global and domestic energy issues.

Medlock is the past vice president for conferences for the United States Association for Energy Economics (USAEE), and previously served as vice president for academic affairs. In 2001, he won (joint with Ron Soligo) the International Association for Energy Economics Award for Best Paper of the Year in the Energy Journal. In 2011, he was given the USAEE’s Senior Fellow Award, and in 2013 he accepted on behalf of the Center for Energy Studies the USAEE’s Adelman-Frankel Award.  In 2019, Medlock was awarded the Lifetime Achievement Award for the Advancement of the Education of Future Energy Leaders by the Abdullah Bin Hamad Al-Attiyah Foundation.  He is also an active member of the American Economic Association and is an academic member of the National Petroleum Council. Medlock has served as an advisor to the U.S. Department of Energy and the California Energy Commission in their respective energy modeling efforts.

Medlock received his Ph.D. in economics from Rice University in May 2000.

Major Interviews 


Read Baker Institute Blog posts by Kenneth B. Medlock III.

Recent Research and Publications

View More

Godswill Nwankwo, MBA: 
Godswill currently works with his team and affiliates to build and deploy sustainable operational and financial strategies that are geared towards growing value in the short and long term. He built and successfully ran oilfield companies and provides contract (turnkey) drilling, operational, financial and management advisory services with integrated reservoir asset development and management, reservoir economics and valuation (fairness opinion). Godswill had previously worked for Schlumberger as a Drilling Services Engineer (DSE). He also worked for Halliburton and Baker Hughes INTEQ where he travelled and lived all over the United States. From the Appalachian to the Williston Basin and Elk Hills of the San Joaquin Valley to the Gulf of Mexico, he has led and managed teams from diverse backgrounds on several oil and gas drilling projects. He is also a knowledge expert on advanced subsurface formation data interpretation. Godswill has a Bachelor’s degree in Mechanical Engineering with specialization in Computational Fluid Dynamics (CFD). He also has a Master of Science (MSc) degree in Computer Science with specialization in Cognitive Artificial Intelligence. He obtained an MBA degree in Finance with specialization in Private Equity and Investments.



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March 18
11:30 am - 1:00 pm CDT
Free – $60
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Petroleum Club of Houston
1201 Louisiana Street, 35th Floor
Houston, TX 77002 United States


Jeffrey Allen