Abstract
For most wells and most companies, the end of well life is within the planning horizon. Already half of the wells in the country stand idle, and about 80% of active wells are stripper wells. Meeting statutory and ethical obligations can require funds from the last 10 to 15 years. Mr. Purvis explores the surprising economic realities and what you can do about it from planning to repurposing to optimization.
Bio
Dwayne Purvis has been a petroleum engineer, entrepreneur, and executive in the oil industry for nearly 30 years. He and his team at Purvis Energy Advisors assist oil companies, litigants, and NGOs with complex engineering and strategic issues, especially how to succeed in the energy transition. He also teaches industry courses, served as an adjunct professor at Texas Christian University, and frequently contributes to the public discussion of oil industry topics in venues.