SIPES 47th
ANNUAL MEETING
June 21-24, 2010
Colorado Springs, Colorado
Headquarters Hotel - Cheyenne Mountain Resort
Diane Finstrom, Executive Director (sipes@sipes.org)
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CHAPTER MEETINGS
Austin

Luncheon
Meetings: County
Line on the Hill Restaurant, 6500 Bee Caves Road, 1st
Thursday,
starts at 11:30 a.m. with speaker and lunch beginning
at 12:00 noon.
Reservations:
RSVP to Ward Davenport at wdaven@earthlink.com
Walk-ups are welcome, but RSVP to help us accommodate everyone.
Cost:
No charge for SIPES Austin Chapter members and affiliates who are
pre-paid with chapter dues.
Guests and prospective members are welcome to attend.
Announced
Meeting: No new meeting information is available.
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Corpus
Christi

Luncheon
Meetings: Bay
Room, Corpus Christi Town Club, Last Tuesday, 11:30 AM.
There will be a cash bar available for those wishing
to come early and socialize.
Reservations
Required: Contact Linda Phelps: office - 361-883-0055, fax - 361-883-0066, or email - lphelps@xogoperating.com
by 9:30 a.m. Friday preceding
the meeting.
Members are encouraged to bring guests.
Luncheon
Cost: Members are free, and $20.00 for guests.
Announced
Meeting: January 26, 2010. "Outlook 2010" by Phil Plant, Herndon Plant Oakley, Ltd.
Phil Plant is a partner with Herndon Plant Oakley, Ltd. in Corpus Christi, Texas. He began his career with Rotan Mosle in San Antonio and subsequently moved to Corpus Christi in 1983 to manage the local office. In 1985 he joined Rauscher Pierce Refsnes, Inc. as resident branch manager and senior vice president specializing in portfolio management. In 1998 Mr. Plant and two partners formed their own brokerage/dealer and registered investment advisor firm, Herndon Plant Oakley, Ltd. Mr. Plant is very active in the local and investment community and currently serves as a director or trustee for several organizations including American Bank and Christus Spohn Health Systems. Mr. Plant was born in Seattle, Washington.
Future
Meetings:
- February 23, 2010
- March 30, 2010
- April 27, 2010
- May 25, 2010
- June 29, 2010
- July 27, 2010
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Dallas

Luncheon
Meetings: Dallas Petroleum Club, 2200 Ross Ave. (due to remodeling at Royal Oaks Country Club), 3rd Tuesday, 11:30
A.M.
Reservations required for
all meetings: Please call 214-571-6458
by 2:00 p.m. Friday preceding the meeting.
Luncheon
Cost: Members paid in advance by annual fees. All guests must pay $30.
Announced
Meeting: February 16, 2010. "The Stratigraphic Framework of the Haynesville Shale" by Bo Henk, Matador Resources Company.
Future
Meetings:
- April 15, 2010. Crawfish Boil at Winfrey Point.
- May 7, 2010. Mexican Fiesta. 6:30 p.m. at the Petroleum Club.
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Denver

Luncheon
Meetings: Wynkoop
Brewing Company 1634 18th St. (18th and Wynkoop Streets,
across from Union Station). 4th Thursday. Gather at 11:30
a.m. Lunch served at 12 noon.
Reservations
required for all meetings: Call the SIPES Denver Chapter message
line at 303-730-2967. At the end of the message, leave your name
and phone number and the name of any guest you are bringing to
the meeting. Or make your reservation via e-mail to sipesdenver@yahoo.com. Reservations must be made by noon on Monday preceding
the meeting.
Luncheon
Cost: $20.00 per person (unless you pay your annual dues).
Announced Meeting: No new meeting information is available.
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Fort
Worth

Luncheon
Meetings: Meets at 11:30 a.m. on variable days and locations to avoid conflicts with other societies and events.
Reservations: RSVP to Russ Hensley at ar_hensley@sbcglobal.net by noon on Wednesday preceding the meeting. Guests
are encouraged to attend.
Luncheon
Cost: $15.00 for members, $20 for non-members and $5 for students
Announced
Meeting: No new meeting information is available.
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Houston

Luncheon
Meetings: 3rd
Thursday at the Houston Petroleum Club in the large banquet room,
800 Bell St. (downtown Houston). Social period 11:30 a.m. and
lunch 11:45 a.m.
Reservations
Required: Make reservations by telephone (713-651-1639),
fax (713-951-9659), website (www.sipes-houston.org), or e-mail bkspee@aol.com
to B. K. Starbuck-Buongiorno by 12:00 noon on Tuesday preceding
the meeting. You can now sign up for the meeting online at www.sipeshouston.org, but payment is still required by regular
mail or at the door.
Cost:
SIPES Members and Chapter Affiliates who register
by 12:00 Noon Tuesday pay $30; cost goes up to $35 for new registrations
at the door. The price for guests, non-members and walk-ins is $35.00.
(No-shows will be billed.)
Announced
Meeting: February 28, 2010."Going Deep: McMoRan's High Impact Deep Exploration Play" by James R. Moffett, McMoRan Exploration CompNy.

For the last six years, McMoRan Exploration Company
has been the leader of the
Gulf of Mexico’s deep shelf exploration
play, drilling numerous discoveries
targeting deep Miocene
structures at depths of 15,000 to
25,000 ft. McMoRan’s continued
success with its deep shelf program
includes the Flatrock discovery
on OCS 310 in South Marsh Island
Blocks 212 and 217. During
2008, McMoRan expanded its exploration
program to include the“Ultra Deep” play at depths of
25,000 to 35,000 ft, targeting giant
structures below the listric detachments
of the Miocene
shelf. The unprecedented
deepening
of the South Timbalier
Block 168 “Blackbeard”
prospect was a significant
accomplishment for
McMoRan’s drilling and
geotechnical teams, an
achievement that has
profound implications
for the future of this
game-changing exploration
play.
Flatrock Field was discovered in
2007 beneath the Tiger Shoal
Field. It is a prime example of the
“deeper pool” concept which is a
fundamental aspect in the McMoRan exploration strategy. The shallower
Tiger Shoal Field, discovered
in 1958, is in normal pressured
reservoirs with 110 wells that have
produced 3.3 TCFE. Flatrock Field
has six wells producing from the
abnormal pressured Rob L and Operc
(14,800 to 17,200 ft) reservoirs.
Production from the Flatrock
field averaged a gross rate of approximately
280 MMCFE/D in the
third quarter of 2009. Production
from the field is expected to increase
in early 2010 following
planned recompletions and remedial
activities. These high production
rates are evidence of excellent
porosity and permeability at these
depths. The recent announcement
of positive drilling results at the
Blueberry Hill Sidetrack prospect
on SL 340 at depths of over
20,000 ft highlights the
continuing potential of
the deep shelf play.
McMoRan Exploration’s
ultra deep drilling program
has identified multiple
deep, large structural
traps below the regional
listric fault/salt
weld with reservoir targets
of Miocene, Paleogene,
and possible Cretaceous
age. McMoRan has drilled
two ultra deep wells in the play. In
2008, McMoRan re-entered and
deepened the Blackbeard well in
South Timbalier Block 168 from
30,067 ft MD to total depth of
32,997 ft MD. This exploration well
discovered four hydrocarbonbearing
intervals within the Miocene
section. In 2009, McMoRan
evaluated the Davy Jones prospect,
re-entering the South Marsh
Island Block 230 No. 1 well and
deepening it from original total
depth of 19,958 ft MD to total depth of more than 28,000 ft MD as of
December 2009, and as of this date,
the well continues to be drilled to a
planned total depth of 29,000’.
The large ultra-deep structures were
interpreted on regional 2D seismic data,
on pre-stack time migrated
(PSTM) 3D seismic
data and on proprietary
reprocessed pre-stack
depth migrated (PSDM)
3D seismic data. Available
deep well data were utilized to calibrate
the geologic model for the section
above the salt weld. The ultra deep
prospects are similar to deep, large
sub-salt structural traps in the deep
water Gulf of Mexico with reservoirs of
Middle Miocene to Lower Paleocene age
at depths below 20,000 ft subsea. The
Middle Miocene to Lower Paleocene
sandstone reservoirs in both the deep
water and the deep shelf were deposited
in deep water depositional environments.
Preservation of porosity and
permeability with depth of burial is a
major risk factor for deep sandstone
reservoirs in the shallow water areas of
the Gulf of Mexico shelf.
McMoRan has generated an impressive
inventory of high potential prospects
and will continue to pursue its deep
shelf and ultra deep exploration opportunities
on the Gulf of Mexico shelf in
2010.
James R. Moffett is Co-Chairman of the
Board of McMoRan Exploration Co.
(NYSE: MMR). MMR is engaged in the
exploration, development and production
of oil and natural gas reserves offshore
in the Gulf of Mexico and onshore
in the Gulf Coast area. McMoRan has a
diversified portfolio of oil and gas properties
with significant production and
cash flow generating capacity and a
large exploration acreage position to
pursue opportunities on the shelf of the
Gulf of Mexico.
Mr. Moffett is Chairman of
the Board of Directors of
Freeport-McMoRan Copper& Gold Inc. (NYSE:
FCX). FCX is one of the
world’s leading international mining
companies, and is engaged in minerals
exploration, mining, smelting, refining
and related operations around the
globe. Under Mr. Moffett’s leadership in
1988, FCX discovered the Grasberg ore
complex in Papua, Indonesia, which
contains the world’s largest reserves of
copper and gold. In 2007, FCX acquired
the Phelps Dodge Corporation in a $26
billion transaction that created the
world’s largest publicly traded copper
company. With 25,000 employees, FCX
operates large, long-lived, geographically
diverse assets with significant
proven and probable reserves of copper,
gold and molybdenum and has a
dynamic portfolio of expansion and
growth projects.
Born in 1938 in Houma, Louisiana, and
raised in Houston, Texas, Mr. Moffett
received a BS degree in Geology from
The University of Texas in 1961, and a
MS degree in Geology from Tulane University
in1963.
Future
Meetings:
- March 18, 2010. "Developing an Exploration Tool in a Mature Trend: a 3D AVO Case Study in South Texas" by Mark Gregg, #2883, Kiwi Energy.
- April 15, 2010. "Hedging for the Small Investor" by Wayne Penello, founder of Risked Revenue.
- May 20, 2010. "Addressing Conventional Parameters in Unconventional Shale Gas Systems: Depositional Environments. Petrography, Geochemistry and Petrophysics in the Haynesville Shale" by Ursula Hammes.
- June 17, 2010. Proposed speaker Bruce Vincent, president of IPAA (joint meeting with HGS).
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Lafayette

Luncheon Meetings: Petroleum Club, 2nd Wednesday, 11:30 a.m. Contact David Dupre at 337-269-1821.
Announced
Meeting: No new meeting information is available.
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Midland

Luncheon
Meetings: Midland
Country Club, 3rd Wednesday, 11:15 A.M. Contact Greg
Hair at 432-682-9653 or gregeol@mccabeenergy.com. Have
a glass of wine before the meeting. Get caught up on the latest
take-over rumors, exploration plays, investment opportunities,
and political hot topics!
Luncheon Cost: $15 for guests. Guests: Prospective members are always welcome at our lunches.
Announced
Meeting: January 20, 2010. "Limestone - Is It a Mineral or a Rock?" by Tom Scott.
Tom Scott, a long-time local attorney, will present a discussion on the legal
issue of the definition of limestone as a mineral or a rock. The State Land
Office has instigated the question claiming it owns the surface and nearsurface
limestone in a rock quarry mining limestone for export to a cement
manufacturer in Mexico.
Future
Meetings:
- Thursday, February 11, 2010. Annual Spouse's and Special Guests Banquet will be held at the Midland Country Club beginning at 6:00 p.m. with drinks and socializing. Dinner is scheduled for 7:00 p.m. Invitations will be sent out by mail.
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New
Orleans

Luncheon
Meetings:
Andrea's Restaurant in Metairie. 3rd
Tuesday of each month from September through May. Social w/
cash bar 11:30, Lunch and speaker 12:00 Noon.
Reservations
Required: Contact Ed Barry at 504-835-2508.
Deadline is two days before the meeting.
Luncheon
Cost: Members are paid in advance with chapter fees.
Guest fee is $30.
Announced
Meeting: No new meeting information is available.
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Oklahoma
City

Luncheon
Meetings: Petroleum
Club, 35th Floor of Bank One Building. 1st Wednesday at 11:30
AM.
Reservations
Required: We will no longer be taking individual reservations and there will not be calls made to Terry Hollrah's office. Instead, we will have a certain number of tables ready each month.
Luncheon
Cost: Members paid in advance with chapter fees. Guests
$15.00.
No charge for first-time eligible guests interested in membership.
Announced
Meeting: February 3, 2010. "Tectonics, Basement Structures, and Earthquakes in the Oklahoma Region" by G. Randy Keller.
Oklahoma lies at the intersection of several major tectonic features that are of Late Precambrian and Paleozoic age. These features are globally significant, and the resulting deep structures are large and complex. The Oklahoma region was affected by two major rift zones, the Mid-Continent Rift (MCR) system and the Southern Oklahoma Aulacogen (SOA). The MCR is traditionally viewed as ending in central Kansas and the SOA can be interpreted as ending in the Texas panhandle. However, we have employed new seismic data and public-domain compilations of gravity and aeromagnetic data for the U.S. to construct a series of maps using a variety of digital filtering techniques in order to better delineate anomalies and interpret regional-scale structures.
G. Randy Keller is a professor in the School of Geology and Geophysics at the University of Oklahoma and holder of the Edward Lamb McCullough Chair in Geophysics. He also serves as the director of the Oklahoma Geological Survey and State Geologist. His research interests stress the geological applications of geophysics and span a variety of techniques at a variety of scales. He, his students, and colleagues have conducted many studies of the structure and evolution of the crust using gravity, magnetic, remote sensing, and seismic measurements integrated with geological data, often as part of large international cooperative efforts.
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San
Antonio

Luncheon
Meetings: Petroleum Club of San Antonio (Frio/San Miguel Room) 8620 N. New
Braunfels Ave., 7th Floor, 3rd Thursday, 11:30 a.m. Executive Board meeting at 11:00 a.m.
Reservations
Required: Call Doreen Brooner at 210-822-9092 by Wednesday before
the meeting.
Luncheon
Cost: Members paid in advance by quarterly dues. Please bring your meeting announcement card with you to check in - your dues must be current. Guests and
Chapter Affiliates - $25.00.
Announced
Meeting: No new meeting information is available.
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Notice: SIPES
Chapter Correspondents - Please send, fax or email
your monthly meeting notices to the SIPES
National office to be included on this page. Help to keep our meeting
data up to date!
Fax 214-363-8195, E-mail
sipes@sipes.org
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