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October Monthly Luncheon

When:
Wednesday, October 10, 2018, 11:30 AM until 1:00 PM
Where:
Fasken Oil and Ranch
6101 Holiday Hill Road
Midland, TX  79707
Additional Info:
Category:
Luncheon Meeting
Registration is required
Payment in Full In Advance Or At Event
$20.00
$20.00
No Fee
$20.00
Michael Party | Beryl Oil and Gas

Topic: Horizontal Drilling in the Permian Basin - a Look at How We Got Here
 
Biography: Mr. Party is CEO/President of Beryl Oil and Gas, LP and a General Partner in Cardinal Resources, LLC and has been working in the Oil and Gas industry for 39 years. He graduated from the University of Missouri-Rolla in 1978 with a BS degree in Geology/Geophysics and was awarded an Honorary Professional Degree in 1994.He started his career with Cities Services working as a geophysicist he joined Wagner & Brown in 1981 serving as Exploration Manager for 9 years before joining Reliance Energy in November 2009. Mike served as Vice President of Exploration for Reliance Energy until Reliance Energy’s main assets were sold to Concho Resources in October, 2016. Mike is an active member of local, national, and international geological societies. Most notably, has served as the President of the Southwest Section of the AAPG, Secretary of AAPG, President of the Division of Professional Affairs within the AAPG and is the current President-Elect of AAPG and will be President 2019-2020. He also served as President of the West Texas Geological Society and the Permian Basin Section of SEPM. Mike was awarded the Outstanding Young Alumni from the University of Missouri –Rolla and Honorary Life membership from both the West Texas Geological Society and the American Association of Petroleum Geologists. He is a Certified Geologist within the State of Texas and is a Certified Petroleum Geologist and Certified Petroleum Geophysicist by the American Association of Petroleum Geologists. 


Abstract: 

Horizontal drilling in the Permian Basin has become the main focus of drilling within the basin. Horizontal wells are actively drilling for the Sprayberry and the Wolfcamp in the Midland Basin and for the Bone Springs and the Wolfcamp in the Delaware Basin. The Permian Basin has also seen horizontal wells drilled for several other zones. The talk will begin with the early horizontal wells and bring you to present wells as well as discuss the DUC, (drilled uncompleted wells) and look at the most active operators in the basin.