Next Meeting

Next Lunch Meeting: January 28, 1999

David Pursell - Simmons and Company

On January 28, 1999, David Pursell, Vice President - Upstream Research with Simmons & Company will address the Marine Technology Society.

In January 1998, Matt Simmmons, President of Simmons & Company, put forward the theory that the supply of oil and gas was considerably less abundant than other analysts were predicting. Events during the past year have seemed to cast some doubt on his hypothesis, with petroleum prices resembling something close to free fall. Nevertheless, Simmons & Company still hold the opinion that the availability of petroleum is in fact tighter than most analysts are telling us.

While clearly going against popular opinion, Simmons & Company agree that the market may appear oversupplied, but they are predicting a tightening of the market as early as the second half of 1999. This indeed would be very good news for both investors who have seen their stocks plummet this year as well as those who make their living in the industry.

Mr. Pursell's topic is entitled is entitled "Depletion. What It Is, What It Means, Will It Start To Accelerate? It is sure to be both controversial and thought-provoking.

Attendance at Simmon & Company talks, traditionally scheduled for January, are generally very well attended. Last year we had 280 attendees. We are limited the January meeting to a maximum of 300 attendees. So please pre-register through this web site or by fax (713.266.0636) early. Last minute walk-ins may not get lunch!

Date: Thursday, January 28, 1998
Registration starts: 11:30 a.m.
Lunch 11:45 a.m.
Presentation: 12:15 p.m. approximately
Ramada Inn
Katy Freeway at Silber

To make your reservation, click here.