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Welcome! H ouston A ssociation of D ivision O rder A nalysts June 4, 2009

Welcome! H ouston A ssociation of D ivision O rder A nalysts June 4, 2009. Happy Father’s Day!. Today’s Topic: . Fayetteville Shale – The Enterprise of Land Value Presented by: Jim R. Dewbre, Senior Vice President, Land & Business Development

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Welcome! H ouston A ssociation of D ivision O rder A nalysts June 4, 2009

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  1. Welcome! Houston Association of Division OrderAnalysts June 4, 2009 Happy Father’s Day!

  2. Today’s Topic: Fayetteville Shale – The Enterprise of Land Value Presented by: Jim R. Dewbre, Senior Vice President, Land & Business Development Southwestern Energy Production Company

  3. Don’t miss the HADOA Newsletter now on our website! • Results of a Survey! • Letter from the President! • Member Photos! • Our Stuff - An Oil & Gas Crossword Puzzle! …and much more!

  4. Did you know? • You are not registered for a luncheon unless you receive a confirmation e-mail? • Make sure you register on-line at HADOA.org

  5. Special Thanks to Our Sponsors

  6. Please Take time to Say Thank You to the troops!!

  7. Welcome all Supervisors and Managers! • David Quosig – Manager from Hilcorp • Linda Nodler – Director from Mariner • Sue Penticoff – Supervisor from Texon • Herb Daniel – Supervisor from HighMount • Connie Marino – Supervisor from ExxonMobil • Jesenda Burns – Supervisor from Enervest • Sarah Kirk Blankenship – Director from Milagro • Brenda J Reville – Manager of Land Administration from Devon • Susana Guevara Torres – Manager from Landtemp • Melinda Barton – Manager from LandTemp • Dodie Taylor – Supervisor from Mariner • J Mark Gresham – Owner of Gresham Royalties

  8. Welcome all Supervisors and Managers! • Beth Davis – Supervisor from ExxonMobil • Roy Hendrick – Supervisor from ExxonMobil • Steve McDaniel – Sr. VP & General Manager from Enervest • Keith Lydick – Manager of Property Administration from Plains • Karen Paradowski – Manager from Southwestern • Pat Mendoza – Manager of Land Adminstration from W & T Offshore • Guy Sturdevant – Supervisor of Division Orders from Devon • Llana Dobbie – Director of Land Administration from Black Stone Minerals • Chip Croy – Director from EOG Resources • Donna Reeves – Supervisor of Division Orders from Occidental • John Davis – GOM Land Manager from Mariner • Ken Moore – VP Onshore Land from Mariner • Lee Neeley – Supervisor from Kinder Morgan

  9. 2009 Board of Directors • Officers • President – Linda Nodler • V.P. 1 - Kathy Keith • V.P. 2 - Herbert Daniel • V.P. 3 - Rosemary Cruthirds • Corresponding Secretary – Susan Carmichall • Recording Secretary – Brittany Cook • Treasurer - Susan Guevara Torres • Past President – Jesenda L. Burns

  10. 2009 Board of Directors • Directors • Hospitality – Luanne Johnson • Employment – Brad Wainwright • Ways & Means – Nora Marquez-Williams • NADOA/ALTA Liaison – Kim Henderson • Business and Rules – Deborah Fletcher • Advertising & P.R. – Ed Reilly

  11. Did you know? About Southwestern Energy • At the top of the Houston Chronicle’s list of Top 100 Public Companies in 2008. • The Fayetteville Shale accounts for the bulk of the company’s production. • Fayetteville Shale was discovered by accident in 2001. Source: http://www.chron.com/disp/story.mpl/side2/6425224.html

  12. Did you know? Source: http://www.neatorama.com/2008/08/06/10-things-you-didnt-know-about-oil/

  13. Special Thanks Companies that support our Board of Directors: thank you!

  14. Did you know? Crude oil is called “sweet” when it contains only a small amount of sulfur and “sour” if it contains a lot of sulfur.

  15. Did you know? Henry Ford who is often credited with inventing the car (Karl Benz of Germany is the correct inventor) designed a small engine that burned gasoline. Later he built a gasoline-powered car. 1934 Ford Source : http://www.eia.doe.gov/kids/history/people/pioneers.html#Ford

  16. Did you know? Know your products! • Current Crude Prices: May: 63.41 June: 67.79 - WTI Cushing Spot • Current Natural Gas Prices: May: 3.49 June: 4.05 - Henry Hub Spot Source: Bloomberg.com/energy May 1, 2009

  17. Just for fun 

  18. Industry Slang City Gate: The "city gate" is the place where a company that sells natural gas receives the natural gas from the pipeline company. The "city gate price" is the sales price of the natural gas at this point. Source: http://www.eia.doe.gov/kids/energy_fungames/energyslang/citygate.html

  19. Special Thanks to Our Sponsors ……Your company name not here??? It could be! Call Advertising Director: Ed Rielly at 281-597-7112 erielly@ limerockresources.com

  20. Happy Father’s Day Did you know – The idea of Father’s Day was conceived by Sonora Dodd of Spokane, Wash., while she listened to a Mother’s Day sermon in 1909, according to the U.S. Census Bureau. Dodd wanted a special day to honor her father, William Smart, a widowed Civil War veteran who was left to raise his six children on a farm. Source: http://www.livescience.com/history/060813_fathers_day.html

  21. Did you know? Railroad Commission of Texas Milestones 1859 – created to regulate railroads 1917 – commission given jurisdiction over pipelines. 1932 – Legislature passed laws to limit production to market demand. RRC was given jurisdiction over this. 1973 – Arab oil embargo – first time Texas production unable to make up for world shortages. 1992 – Commission revises system for determining market demand for gas produced from prorated fields. Source:http://www.rrc.state.tx.us/about/history/milestones/milestones.php

  22. Coming Attractions! August Luanne Johnson, CDOA HighMount Exploration and Production LLC Topic: How to Calculate Oklahoma Senate Bill 168 September Catherine Robins, Robins Oil and Gas Research What is involved in a Mineral Inventory and Ownership Transfer?

  23. Don’t miss the 2009 NADOA Institute! • Education: The Pride & Power of a Nation • When: September 23 – 25, 2009 • Where: Washington, D.C. • Register now at NADOA.org

  24. Did you know? School and office products • Crayons, transparent tape & Ballpoint pens all come from oil. Source: http://www.anwr.org/features/oiluses.htm

  25. Survey says……. • Does your opinion count? • Make sure it does take our survey today! See the URL in the New HADOA Newsletter and follow the link!

  26. Take Time to Become a CDOA! • Certification acknowledges the highest degree of professionalism, technical expertise and ethical standards within the industry.

  27. Take Time to Become a CDOA! • Eligibility Requirements • College degree + 3 years of experience or • 5 years experience + • Pass CDOA Exam + • Sponsorship by CDOA members You can do it!

  28. Did you know? • One 42-gallon barrel of oil creates 19.4 gallons of gasoline Source: http://www.ranken-energy.com/Products%20from%20Petroleum.htm

  29. Did you know? • HADOA currently has 387 members! • Join us by becoming a member! - Apply on-line at www.hadoa.org - Cost: $35 per year • Benefits: • Discount on Monthly Luncheons • Networking Opportunities • Educational Opportunities • Directory of Members

  30. Special thanks to our Sponsors

  31. In the News… Oil passed $68 high for this year • Due to a weak US dollar and China’s manufacturing strengthened. • Highest level since November 2008 • Yet, Americans are driving less, dropped in March by 3.1 billion miles. Source: http://www.chron.com/disp/story.mpl/business/6452082.html

  32. Did you know? • HADOA Job Bank posted on the internet at hadoa.org/jobs • Currently 19 open positions posted. • Contact Brad Wainwright, Job Bank Coordinator, to have your posting considered for the website. bwainwright@highmountep.com

  33. In the News… Bakken's Black Gold... Right Here in America Thar's black gold in them thar hills... This time in North Dakota. And as we mentioned above, the discovery could be significant. Unlike Northern Canada's oil sands, the Bakken's oil can be extracted relatively cheap, without the use of energy intensive processes. Source: Wealth Daily, June 1, 2009 “The Bakken Oil Field”

  34. In the News… US House panel studies proposal to alter federal leasing The new standards would shorten lease terms to 5 years, increase royalty rates to 18.75%, and require diligent development of leases. Source: The Oil and Gas Journal, May 29, 2009 *“US House panel studies proposal to alter federal leasing” *Excellent article – read it on-line!

  35. Special thanks to Gresham Royalties for the Gift Cards for last month’s door prize drawings.

  36. Special thanks to Cima Energy LTD for the Houston Rockets tickets for last month’s door prize drawings. Visit on-line at http://www.cimaenergy.com/

  37. Know Your Industry! Facts on Fayetteville Shale • Located in the eastern portion of the Arkoma basin of Arkansas • Could hold 20 trillion cubic feet of natural gas • Some executives think the field could be several times that size. • Being compared to the Barnet and Haynesville Shale Source: http://oilshalegas.com/fayettevilleshale.html

  38. Know Your Industry! • 17th largest of the 33 petroleum- producing states in the country • First commercial oil field was discovered in Saginaw in 1925 • Has provided $550 million in revenues to the Michigan Natural Resource Trust Fund which helps buy & improve more then 135,000 acres of public park & recreation lands. • Pays 14,000 private mineral owners • Produces 25% of natural gas that the state uses.

  39. Know Your Industry! North American Rig Counts • 05/23/08: 2,041 • 05/22/09 : 974 Rig counts are down 52.3% since this time last year. Source: http://www.wtrg.com/rotaryrigs.html

  40. In the News… Hurricane Season The 2009 Hurricane Season started June 1st. This year the National Hurricane Center is predicting 14 named storms, 7 of them becoming a hurricane. http://www.nhc.noaa.gov/index.shtml

  41. Special thanks to our Speaker Sponsor Visit on-line at www.swn.com

  42. Special Thanks for our technical support sponsor

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