Events

Date: Thursday, February 20th, 2025
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

Presenter:

Scott M. Daniel: Seven D Oil & Gas

Independent petroleum earth scientists’ bread and butter is developing a prospect, leasing it, raising money and drilling it.  Our compensation is reimbursement of expenses, promotion fees, and an interest in production.  Not easy, but simple.  So...what can possibly go wrong?  Partner issues, poor technical advise, pandemics, commodity pricing just to name a few.  This is a case history of a geologically, geophysically, well supported prospect that took only a few months to generate, but took five years to get drilled.  The borehole drilled as mapped, and proved up 600,000 BO recoverable, but still took 5 more years to bring to production.  This presentation will outline what went wrong.

By highlighting the salient issues causing delays the discussion presents the pitfalls of technical siloing, poor communication, and preconceive notions.  It is an example of what did versus what could have happened if all parties had striven for complete integration of geophysical, geological, petrophysical, and engineering observations, and objectively used these observations to minimize technical and economic risk.  Hopefully this analysis of what went wrong will help others avoid such pitfalls and optimize the value of their efforts.  

Mr. Daniel is the founder and majority owner of Seven D Oil & Gas, Inc. (7d), a debt-free, Houston-based independent oil and gas company focused on exploring and producing oil and natural gas in the Gulf of Mexico and onshore Texas and Louisiana. Established in 1993, 7d uses a geophysical technology-driven approach to generate, develop, and evaluate prospects, funding all operations through internal cash flow. Mr. Daniel began his career as a geophysicist at Conoco in 1974 and gained extensive experience at various independent exploration companies before transitioning to consulting, which eventually led him to reactivate 7d in 2002 to concentrate solely on exploration and development. He holds a B.A. in Mathematics and a B.S. in Geology from the University of Southern California, an MBA in Finance from the University of Southwest Louisiana, and is an active member and leader in several professional organizations within the oil and gas industry.

Date: Thursday, February 20th, 2025

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

*** 2025 Season Luncheon Pass Holders PLEASE RSVP at bottom of event page along with registration. Cost will be $0 but it lets us know you're coming. ***

**Early-bird registration ends Monday February 17th at NOON.
Late / walk-in registration tickets will be available for $65 for both members and general admission**