OCTOBER 2016 LUNCHEON MEETING
The Search for New Exploration Plays:
When Only the Best Will Do
11:30 AM Wednesday, October 19, 2016
at the Cascades
4511 Briarwood Road
Tyler, TX 75709
Julie joined Roxanna as President in 2005, after a 23 year career with Marathon Oil as an explorationist and later as Area Manager for Gulf of Mexico Exploration. During her tenure at Roxanna, she has been directly involved in generating and executing early entry positions into new and emerging resource plays for Roxanna’s clients and industry partners. Roxanna currently holds over 500,000 acres of working and royalty interests in nine resource plays, including the Woodford, Barnett, Mississippi Lime, Meade Peak, Gothic and New Albany shale.
Julie holds an honor’s degree in Geophysics from the University of Texas, and currently serves on the Jackson School of Geology Advisory Council.
Over the past decade, there has been a rapid evolution of plays that have benefited from efficiencies in horizontal drilling, beginning with shale gas, later to shale oil and tight oil plays, and today, even conventional reservoirs. As explorationists, we have used our understanding of these technology advancements by developing new plays that were either overlooked or underdeveloped, but can be economic with improved recoveries.
With oil prices hovering at $40, our understanding of both the geology and the economic drivers to commercial projects are critical in finding the very best areas to invest. Early entry into the “sweet spots” of these plays is an important economic driver, thus the ability to quickly screen and execute leasing in the best areas of the plays is a key element of our strategy. We will examine some of our company’s criteria and analytical approaches for exploring for new plays, with examples from our New Albany and Woodford shale plays, our Paradox Basin and Las Animas Arch tight carbonate play, and a horizontal development of a conventional carbonate oil field.