American Oil and Gas Reporter - May 2016 - 82

ConventionSection: Oklahoma Independent Petroleum Association
on the way down," McDougall characterizes. "In the traditional, capital-constrained market, wells were drilled primarily out of cash flow with some senior
debt to complement normal capital expenditures. That kept debt levels manageable. This time, a lot of outside capital
tipped the scales. It allowed the United
States to drill a lot of wells and grow
production, but it was all based on incorrect
price assumptions."
And though conventional wisdom holds
that history tends to repeat itself, McDougall
points out that each cycle contains unique
factors. This one, he suggests, includes
the uncertain variables of outside capital
and the proliferation of alternative fuels.
"Outside capital, such as private equity,
still are funding some activity, which has
dampened the production slowdown,"
McDougall reasons. "Renewables are another new factor we did not have to contend with previously. Renewables are eating away fossil fuels' market share in the
power generation sector. While we are
trying to get back to a workable market,
part of our market share could erode.
Those are a couple things that are going
to make this rebound trickier."
Annual Convention
Although plenty about OIPA's 2016
annual meeting, June 10-13 in Las Colinas,
will be familiar to regular attendees, Terry
cites a few innovations in consideration
of industry conditions. The most noticeable, he says, is a slightly condensed format. "The Wildcatters Swing Golf Tournament we normally have on Saturday
will be on Friday," he explains. "The
OIPA Golf Classic that normally is on
Monday afternoon will be on Monday
morning. The temperatures will be cooler,
and people who want to get back to work

on Tuesday will be able to get home
Monday afternoon."
The first day also includes a sporting
clays tournament and a cookout for wildcatters and sponsors.
Saturday, June 11, will include a
general session scheduled to begin at
8:30 a.m. In OIPA's efforts to address
topics pertinent to its members, Terry indicates those presentations will seek to
help them cut costs and discover efficiencies. "We will discuss some things
that may help for both crude oil and
natural gas," he reports. "We also will
have some speakers consider the future
of shale and other Oklahoma formations."
Other market factors such as storage,
energy demand, and geopolitical considerations also are sure to surface at the
general sessions, he predicts. The usual
legislative panel will be on the agenda as
well, Terry says, predicting that lawmakers
"will discuss the session and what we
can expect going forward."
Other Saturday events include the
OIPA Board of Directors luncheon, a
pizza tossing spouse event at Coal Vines
Italian restaurant, the exhibition, welcome
reception, oil field services fundraising
auction, and a casino party.
Along with another general session,

Robert L. Waller * Stephen E. Nichols
2932 N.W. 122nd Street, Suite 4
Oklahoma City, Oklahoma 73120
Phone 405-302-6200
Fax 405-302-6240
Petroleum Engineering Since 1955

82 THE AMERICAN OIL & GAS REPORTER

Coming In June
Special Report:
Artificial Lift Technology

OIPA Annual Meeting - Las Colinas, Tx.
Friday, June 10
11 a.m. Wildcatters Swing Check-In, Four
Seasons Resort and Club
Noon-5 p.m. Wildcatters' Swing Golf Scramble, Four Seasons Tournament Players
Course
Wildcatters and Sponsors Only
Noon-3:30 p.m. Sporting Clays Tournament,
Elm Fork Shooting Sports
3-10 p.m. Exhibit Booth Setup, Promenade,
Las Colinas, Cottonwood Foyer Gallery
& Atrium, Four Seasons Resort and Club
6:30-9:30 p.m. Wildcatters and Sponsors
Cookout, Pavilion
Wildcatters and Sponsors Only

Saturday, June 11
* PROFESSIONAL PETROLEUM ENGINEERING
DRILLING & COMPLETION SUPERVISION
OIL AND GAS PROPERTY MANAGEMENT

Sunday's events include a chapel service
as well as a keynote luncheon and an
evening pool party.
The OIPA Classic Golf Tournament
and awards lunch that follows on Monday,
June 13, will conclude the convention.
According to McDougall, the annual
meeting offers an especially important
opportunity for OIPA members. "They
are not going through these times alone,"
he notes. "It is a chance for fellowship,
and for members to talk about solutions
and how their counterparts are dealing
with challenges. That is one of OIPA's
main functions. Now is not a time to let
up on our issues, because there are a lot
of regulatory and governmental policy attacks alongside these economic troubles."
Fortunately, he assures, challenges
that come from every side are not enough
to induce despair in independent producers.
"That is when oil and gas people really
double-down," McDougall promises. "We
don't run away from problems. We bow
up and deal with things."
❒

7-11 a.m. Meeting Registration, Four Seasons
Ballroom Promenade
7:30-8:30 a.m. Rise & Shine Breakfast
8:30-11 a.m. General Session
11 a.m.-2 p.m. Optional Spouse Event:
Pizza Tossing Fun at Coal Vines
11:30 a.m.-1:30 p.m. Board of Directors
Luncheon
Board Members Only
5-7 p.m. Meeting Registration

5:30 p.m. Exhibit Booths Open
5:30-7 p.m. Lucky 7s Welcome Reception,
Four Seasons Ballroom
7-8:30 p.m. Oil Field Services Fundraising
Auction
9-11 p.m. Cards & Cocktails Casino Party

Sunday, June 12
7-8:30 a.m. Rise & Shine Breakfast, Four
Seasons Ballroom
8 a.m.-1:30 p.m. Exhibits Open
8-8:45 a.m. Prayer Service, The Gallery
Led by U.S. Senator James Lankford
8:45-11 a.m. General Session
11:30 a.m.-1 p.m. Keynote Luncheon, Four
Seasons Ballroom
Speaker: TBA
2-11 p.m. Exhibitor Tear-Down
6:30-9 p.m. Pool Party/Closing Ceremony,
Four Seasons Pool
9 p.m. Fireworks Show
Sponsor: INSURICA

Monday, June 13
7 a.m.-5 p.m. Exhibit Booth Tear Down
8 a.m.-1 p.m. OIPA Golf Classic
1-2 p.m. Golf Awards



American Oil and Gas Reporter - May 2016

Table of Contents for the Digital Edition of American Oil and Gas Reporter - May 2016

Contents
American Oil and Gas Reporter - May 2016 - Cover1
American Oil and Gas Reporter - May 2016 - Cover2
American Oil and Gas Reporter - May 2016 - Contents
American Oil and Gas Reporter - May 2016 - 4
American Oil and Gas Reporter - May 2016 - 5
American Oil and Gas Reporter - May 2016 - 6
American Oil and Gas Reporter - May 2016 - 7
American Oil and Gas Reporter - May 2016 - 8
American Oil and Gas Reporter - May 2016 - 9
American Oil and Gas Reporter - May 2016 - 10
American Oil and Gas Reporter - May 2016 - 11
American Oil and Gas Reporter - May 2016 - 12
American Oil and Gas Reporter - May 2016 - 13
American Oil and Gas Reporter - May 2016 - 14
American Oil and Gas Reporter - May 2016 - 15
American Oil and Gas Reporter - May 2016 - 16
American Oil and Gas Reporter - May 2016 - 17
American Oil and Gas Reporter - May 2016 - 18
American Oil and Gas Reporter - May 2016 - 19
American Oil and Gas Reporter - May 2016 - 20
American Oil and Gas Reporter - May 2016 - 21
American Oil and Gas Reporter - May 2016 - 22
American Oil and Gas Reporter - May 2016 - 23
American Oil and Gas Reporter - May 2016 - 24
American Oil and Gas Reporter - May 2016 - 25
American Oil and Gas Reporter - May 2016 - 26
American Oil and Gas Reporter - May 2016 - 27
American Oil and Gas Reporter - May 2016 - 28
American Oil and Gas Reporter - May 2016 - 29
American Oil and Gas Reporter - May 2016 - 30
American Oil and Gas Reporter - May 2016 - 31
American Oil and Gas Reporter - May 2016 - 32
American Oil and Gas Reporter - May 2016 - 33
American Oil and Gas Reporter - May 2016 - 34
American Oil and Gas Reporter - May 2016 - 35
American Oil and Gas Reporter - May 2016 - 36
American Oil and Gas Reporter - May 2016 - 37
American Oil and Gas Reporter - May 2016 - 38
American Oil and Gas Reporter - May 2016 - 39
American Oil and Gas Reporter - May 2016 - 40
American Oil and Gas Reporter - May 2016 - 41
American Oil and Gas Reporter - May 2016 - 42
American Oil and Gas Reporter - May 2016 - 43
American Oil and Gas Reporter - May 2016 - 44
American Oil and Gas Reporter - May 2016 - 45
American Oil and Gas Reporter - May 2016 - 46
American Oil and Gas Reporter - May 2016 - 47
American Oil and Gas Reporter - May 2016 - 48
American Oil and Gas Reporter - May 2016 - 49
American Oil and Gas Reporter - May 2016 - 50
American Oil and Gas Reporter - May 2016 - 51
American Oil and Gas Reporter - May 2016 - 52
American Oil and Gas Reporter - May 2016 - 53
American Oil and Gas Reporter - May 2016 - 54
American Oil and Gas Reporter - May 2016 - 55
American Oil and Gas Reporter - May 2016 - 56
American Oil and Gas Reporter - May 2016 - 57
American Oil and Gas Reporter - May 2016 - 58
American Oil and Gas Reporter - May 2016 - 59
American Oil and Gas Reporter - May 2016 - 60
American Oil and Gas Reporter - May 2016 - 61
American Oil and Gas Reporter - May 2016 - 62
American Oil and Gas Reporter - May 2016 - 63
American Oil and Gas Reporter - May 2016 - 64
American Oil and Gas Reporter - May 2016 - 65
American Oil and Gas Reporter - May 2016 - 66
American Oil and Gas Reporter - May 2016 - 67
American Oil and Gas Reporter - May 2016 - 68
American Oil and Gas Reporter - May 2016 - 69
American Oil and Gas Reporter - May 2016 - 70
American Oil and Gas Reporter - May 2016 - 71
American Oil and Gas Reporter - May 2016 - 72
American Oil and Gas Reporter - May 2016 - 73
American Oil and Gas Reporter - May 2016 - 74
American Oil and Gas Reporter - May 2016 - 75
American Oil and Gas Reporter - May 2016 - 76
American Oil and Gas Reporter - May 2016 - 77
American Oil and Gas Reporter - May 2016 - 78
American Oil and Gas Reporter - May 2016 - 79
American Oil and Gas Reporter - May 2016 - 80
American Oil and Gas Reporter - May 2016 - 81
American Oil and Gas Reporter - May 2016 - 82
American Oil and Gas Reporter - May 2016 - 83
American Oil and Gas Reporter - May 2016 - 84
American Oil and Gas Reporter - May 2016 - 85
American Oil and Gas Reporter - May 2016 - 86
American Oil and Gas Reporter - May 2016 - 87
American Oil and Gas Reporter - May 2016 - 88
American Oil and Gas Reporter - May 2016 - 89
American Oil and Gas Reporter - May 2016 - 90
American Oil and Gas Reporter - May 2016 - 91
American Oil and Gas Reporter - May 2016 - 92
American Oil and Gas Reporter - May 2016 - 93
American Oil and Gas Reporter - May 2016 - 94
American Oil and Gas Reporter - May 2016 - 95
American Oil and Gas Reporter - May 2016 - 96
American Oil and Gas Reporter - May 2016 - 97
American Oil and Gas Reporter - May 2016 - 98
American Oil and Gas Reporter - May 2016 - 99
American Oil and Gas Reporter - May 2016 - 100
American Oil and Gas Reporter - May 2016 - 101
American Oil and Gas Reporter - May 2016 - 102
American Oil and Gas Reporter - May 2016 - 103
American Oil and Gas Reporter - May 2016 - 104
American Oil and Gas Reporter - May 2016 - 105
American Oil and Gas Reporter - May 2016 - 106
American Oil and Gas Reporter - May 2016 - 107
American Oil and Gas Reporter - May 2016 - 108
American Oil and Gas Reporter - May 2016 - 109
American Oil and Gas Reporter - May 2016 - 110
American Oil and Gas Reporter - May 2016 - 111
American Oil and Gas Reporter - May 2016 - 112
American Oil and Gas Reporter - May 2016 - 113
American Oil and Gas Reporter - May 2016 - 114
American Oil and Gas Reporter - May 2016 - Cover3
American Oil and Gas Reporter - May 2016 - Cover4
http://staging.nxtbook.com/nxtbooks/aogr/201702/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201701/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201612/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201611/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201610/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/pbios2016_programguide/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201609/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201608/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201607/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201606/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201605/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201604/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201603/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201602/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201601/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201512/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201511/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201510/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201509/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201508/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201507/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201506/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201505/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201504/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201503/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201502/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201501/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201412/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201411/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201410/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201409/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/pbios2014_programguide/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201408/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201407/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201406/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201405/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201404/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201403/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201402/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201401/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201312/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201311/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201310/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201309/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201308/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201307/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201306/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201305/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201304/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201303/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201302/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201301/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201212/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201211/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201210/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201209/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/2012_pbios/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201208/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201207/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201206/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201205/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201204/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201203/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201202/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201201/stage.php
http://staging.nxtbook.com/nxtbooks/demo/aogr_clone/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201112/stage.php
https://www.nxtbookmedia.com