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SIPES Luncheon: November 18, 2021 @ 11:00 AM
November 18, 2021 @ 11:00 am - 1:30 pm CST$50.00
The Society of Independent Professional Earth Scientists (SIPES), Houston
Subtle Prospects in the 21st Century: Are They Relevant?
Date: Thursday, November 18th, 2021
Time: Wine served at 11:00 am | Lunch & Lecture starts @ 11:30 am to 1:30 pm
Venue: Petroleum Club of Houston, 1201 Louisiana St, Houston, TX 77002
For membership, go to – https://sipeshouston.org/product/annual-dues-2021/
This talk briefly discusses a wide array of topics: the state of the energy industry, the demand for hydrocarbons, macroeconomics, the exploration cycle and prospect flow for a small shop, and the development, economics, and sale and drilling of a subtle trap in the 21st century. The origination of the prospect will be viewed from geological and geophysical perspectives. Sales efforts and anecdotal evidence from other prospectors’ experiences will be discussed. Economic comparisons to other types of prospects and finding costs will be reviewed. Drilling-timing, Up-front, seismic, drilling, completion and hookup costs will also be discussed for several recent structural prospects.
Barry J Rava:
Barry J. Rava has over 40 years oil and gas industry experience. He has a BS, cum laude with high honors in Geology from Hofstra University, and a MS in Planetary Geology and Geophysics from the University of Pittsburgh. He is an exploration consultant to international companies and the independent community, a licensed geologist and geophysicist in Texas and President and founder, in 1996, of Icarus Oil and Gas, Inc. He has also founded 3 other companies that operate based on the relative risk and geographic location of various projects. He has held various board positions with SIPES (past President, Houston chapter and National), Coastal Bend Geophysical Society (past president), Geophysical Society of Houston (past treasurer), Corpus Christi Geological Library (past Treasurer) and Gulf Coast Geological Library (past president). He has authored and co-authored articles in planetary geophysics and given guest lectures on the oil and gas industry. He has memberships in: SIPES, SEG, AAPG, IPAA, CCGS, CBGS, HGS and GSH.