Petroleum Academy
Advisory Committee
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committee members
Participating Companies
Halliburton
PESA
Houston Producers Forum
Society of Petroleum Engineers
Chesapeake Energy
Oceaneering
FMC Technologies
NEED
Offshore Energy Center
National Oilwell Varco
Houston Museum of Natural Science
Simprentis
Barnett Shale Newsletter
Drilling Info Group Services
University of Houston
Rice University
TCU
Texas A&M University
University of Texas
Wildcatters Ball
Opening Ceremony of Houston Petroleum Academies - August, 28th, 2008 declared IPAA Day. Photo of Barry and Houston Mayor Bill White.
Photo of HISD Superintendent - Dr. Terry Grier, Mayor Annise Parker, and IPAA Education Center Director - Doris Richardson
IPAA sponsored sending the $2 million dollar Mobile Offshore Learning Unit (MOLU) exhibit to the Fort Worth Museum of Science and History. Students from Southwest Academy of Petroleum Engineering & Technology (SAPET) act as tour guides, as junior high students learn about the science of the energy industry. MOLU was created by the Offshore Energy Center in Houston.
February Academy Update
Students Become Oil And Gas Explorers At HISD PetroChallenge
By
Westside Petroleum Academy student Malik Willis admits he was little overwhelmed during the first day of competition at the HISD PetroChallenge. However, once he and his two teammates got acclimated, it was full steam ahead.
"It was a team challenge, so we had to get to know each other first and discover each other's strengths and abilities," Willis said. The high school sophomore and his teammates ended up taking first place at the fourth annual competition, which was held at Westside High School Jan. 18-20.
For the rest of the article please click here.
Shifting Petroleum Trade Pattern Empowers the United States
By Julia Bell
Energy trade patterns are having a direct - and diverse - impact on energy security both here and around the globe. The world petroleum balance is shifting with U.S. oil and natural gas producers featuring prominently in his energy stability and security story. Let's examine the world's major consuming regions and how their petroleum supply balances are shifting. The three major consuming regions - Asia, Europe (excluding the former Soviet Union), and the Western Hemisphere, including the U.S. - together account for over 80 percentof world oil consumption.
While consumption has been flat in the Western Hemisphere and in Europe over the past decade, Asian demand has been surging. In fact, of the 14 percent, (11 million barrel per day) increase in world oil consumption over that period, more than half came from the Asia-Pacific region. That's even including the flat performance of the world's third largest oil consumer Japan, which has been bypassed by rapid economic growth in non-OECD developing countries of the region. As a result, along with its rising level of consumption, Asia's share of world consumption has been expanding as well, now accounting for close to a third. If current demand trends continue, Asia will surpass the Western Hemisphere as the largest of the three consuming regions within perhaps three to five years.
www.oilindependents.org
Oil and Natural Gas Strengthening America’s Trade Balance
WASHINGTON, DC - Surprises seem to have become the order of the day in the energy world-especially when it comes to America's oil and natural gas reserves. Once thought to be "outdated' fuels, the abundance of America'soil and natural gas reserves, now unleashed through hydraulic fracturing and horizontal drilling, are truly shifting the balance of trade in America's favor. The surprise has taken the form of a solid increase in American liquids production and a shift towards declining imports. In addition, natural gas plant liquids (NGPL) output has been exceeding 2 million barrels per day for the first time ever, providing additional feedstock for the industry at home. In fact, both petroleum product and natural
gas exports are even increasing - a topic we will more fully address next time. The import trends are also occurring on the natural gas front, with a turnaround that has put American natural gas production in position to reach an alltimehigh this year. It's worth a detailed look at the significant impact all these positive developments have had on U.S. trade, as well as some thoughts on where this might lead.
On
the liquids side, imports have declined some 2 million barrels
per day since 2005, while product exports nearly tripled over that period. In
fact, product exports in August exceeded 3 million barrels per day for the
first time ever, according to Energy Information Administration (EIA) data. As
a result - in a positive trend for energy security - our reliance on foreign
petroleum has shrunk from over 60 percent in 2006 to under 50 percent last year.
Independent Producers Providing for America’s Energy Future
By IPAA
WASHINGTON - This past week has been nothing short of eventful for America's energy producers. On the heels of President Obama's State of the Union call for an expansion of American energy development, members of industry, media, and the public are waiting anxiously to see if the walk will match the talk. But while we wait to see the President's call will come to fruition, this past week brought with it a glimpse into the crystal ball of what is to come.
On Capitol Hill, good news seemed abound. The House Natural Resources Committee passed three bipartisan American energy bills Wednesday which stand to create 1.2 million jobs, enhance domestic energy production, and boost the security of our homegrown natural resources. Included in the bills are requirements to advance new offshore energy production through new lease sales in areas of the Atlantic and Pacific coasts as well as portions of the eastern Gulf of Mexico. The Secretary of the Interior would also be required to conduct oil and gas lease sales in the Gulf of Mexico, Alaska, and Virginia and set clear guidelines for the development of U.S. oil shale resources to promote hydraulic fracturing and horizontal drilling technologies.
As E&E News reports:
Analyst: Optimistic Outlook For U.S. Oil And Gas Companies
Standard & Poor's (S&P) is optimistic about the coming months for U.S. oil and natural gas companies, despite its decision to take away the United States' AAA rating, an S&P analyst said Sunday on Platts Energy Week, an independent, all-energy television news and talk program that airs in the United States and online at www.plattsenergyweektv.com. Michael Kay, an S&P energy analyst, said he was positive about the outlook for the integrated oil exploration and production sectors, forecasting some growth in demand in 2011 and 2012. Demand is still outstripping supply, he said.
Credit-rating provider Standard and Poor's, like Platts, is a division of The McGraw-Hill Companies.
S&P's downgrade of U.S. government will hurt the small to mid-capacity oil and natural gas producers the most, Kay said, especially those that are highly leveraged. These are the same companies that were hit hardest by the 2008 credit crisis, he said. Exploration and production companies with high debt levels "and maybe not the cleanest of balance sheets" are set to see the biggest impact of those operating in the energy arena, he added. And while the downgrade would have an impact, the crude oil markets' gyrations of the past few weeks won't have worried players in the sphere a great deal, according to Kay. He did note, however, that there is likely to be some drawdown in oil inventories. "Markets are still very tight," he said, adding that the continued absence of Libyan crude would contribute to that tightness into 2012. In another segment on Sunday's Platts Energy Week, Erik Milito, upstream director at the American Petroleum Institute (API), and Emily Wurth, water program director at Food & Water Watch, shared their views on new report by a U.S. Department of Energy (DOE) advisory panel, which recommends steps to improve the safety of shale-gas production. The report outlines provisions for including much more extensive public disclosure of procedures used to force gas from tight formations
