SPE Members in Transition Seminar #9

Speaker Title: President and President/CEO
Speaker Company:  Riverford Exploration LLC and PetroTex Energy Partners, LLC

Speaker #1 Bio: Bill Fairhurst has been involved in most U.S. resource plays prior to the resource revolution, is credited with economic discovery of the WolfBone and placing his company in Elm Coulee (Bakken) Field prior to its discovery.  He and his teams have discovered dozens of new fields throughout the United States.  Most recently he turned around an E&P firm from a $70 million loss into a $600 million dollar gain.  Previously he was a key Executive leader whom strategically advanced a $200 million firm into a billion dollar organization.  He has successfully led teams in technical and general management positions and as President/CEO and COO.  Bill has obtained equity and debt financing for multiple organizations including his own firms.

Event Description/Presentation Abstract:Assembling Teams, E&P Growth Targets in Today’s Environment & Financing Options

In Part I last month we reviewed Getting Started in Consulting, Prospect Generation, Acquiring or Evaluating Assets in your own, individual LLC.  Want to go bigger?  Let us review what type of upstream projects can get funding during periods of low product prices?  Are they the same strategies as the successful guys from the recent past?  What kind of team do I need?  Where do I find those guys?  How do we discover, initiate and successfully accomplish those types of projects?  What are my Financing Options?  Should financing be the same as successful E&P companies during the recent past?  There are many unique answers.  There are some common generalities.  Roadmaps, models, suggestions and resources including input from Private Equity, Credit Banks and other consultants are provided. 

Speaker Title: Employee Development Advisor
Speaker Company:  Weatherford

Speaker #2 Bio: Maria Fitch specializes in negotiation, conflict resolution, communication and leadership training at Weatherford.  Maria worked at Cambridge International Consulting, based in Caracas, Venezuela, providing training and negotiation consulting.  She was an advisor for the Municipality of Chacao’s Municipal Justice office, focusing on community peacebuilding and mediation programs in Venezuela.   She was a guest lecturer in negotiation and conflict resolution at both Universidad Católica- Andrés Bello School of Law and the Corporación Andina de Fomento Program for Transformational Leadership.  She has an MA from American University in International Peace and Conflict Resolution and a BA in Interdisciplinary Studies from University of Iowa. 

Event Description/Presentation Abstract: Negotiation & Conflict Resolution - Proven techniques to achieve a win/win solution

While we may not always be aware of it, we negotiate and resolve conflict every day.  This workshop will introduce you to a practical, user friendly approach to negotiation and conflict resolution known as the mutual gains model.  As we explore the seven elements of the mutual gains negotiation framework, you will learn to: Prepare for all types of negotiations; Identify the issues at the heart of a conflict; Seek solutions that benefit all parties in a negotiations and Measure the results of your negotiation.

Speaker Title:  Executive Vice President 
Speaker Company:  BetaZi, LLC

Speaker #3 Bio:  Dan Gualtieri is Executive Vice President at BetaZi, LLC.  He leads Business Development strategies for BetaZi, a company that provides powerful predictive analytical solution that feeds reliable and accurate information into O&G asset valuations, reserve reporting and economic sensitivity evaluations.  Dan received BS degrees in Physics and Electrical Engineering from MS&T, and a MS in Electrical Engineering and an MBA from OSU.  Dan supports the SPE Gulf Coast Business Development group by serving on the Advisory Council, and is a frequently published author in SPE publications. 

Event Description/Presentation Abstract: 21st Century Well Analysis for 21st Century Wells

Trillions of dollars are invested and traded annually based on forecasts of the future production of oil and gas wells. Reliable forecasts are of critical importance to everyone whose bottom line depends on the production of wells.  Operators need to be able to make accurate short and long term volume forecasts and reserve estimates.  Investors need to understand what the assets they are buying are going to be worth in the future in order to deploy capital wisely. E & P companies need to accurately value their assets so as to buy and sell at the right price. Royalty owners need to monitor the operators of their investments and have realistic expectations. Learn how BetaZi's physics-based predictive analytics is able to quickly generate automated, repeatable, and unbiased results.