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Dwayne Purvis

Contributor since: 09 Mar 2016

Dwayne Purvis

Dwayne Purvis, P.E. is a reservoir engineering and management consultant based in Texas.  Find commentary and free resources at www.dpurvisPE.com. Besides writing and speaking on topics of industry interest, Dwayne assists operators and investors to make circumspect acquisitions and to increase value, especially in hard-to-understand reservoirs.  Over 20 years of practice, Dwayne has studied scores of fields and advised clients of all sizes.  He graduated from Texas A&M University, Magna Cum Laude with University Honors, and he is a member of AAPG, SEG, SPEE and a 25-year member of SPE.

Latest articles from Dwayne

  • SEC Focused on Asset Retirement Obligations

    Published 06 December 2023 | viewed 1,573 times

    The Securities and Exchange Commission (SEC) considers carefully what it says in public, so when its senior petroleum engineer makes a rare appearance in Houston…

  • Oil & Gas Investors Are Underestimating This Systemic Risk

    Published 13 December 2021 | viewed 7,628 times

    When I started my career as a third-party reservoir engineer twenty-six years ago, plugging costs seemed optional to this neophyte. Salvage value probably covered abandonment…

  • What Happens If Oil Storage Runs Out In The Permian?

    Published 23 April 2020 | viewed 38,491 times

    Fears of running out of storage capacity drove oil prices down over $40 in single day, forcing sellers to pay their buyers to take the…

  • Gas Prices Languish As Storage Falls To Near-Record Lows

    Published 20 November 2019 | viewed 85,343 times

    The natural gas market appears to have lost a sense of scale for storage volumes. Prices languish while last week’s EIA figure for gas in…

  • Natural Gas Prices Poised For Dramatic Price Increase

    Published 27 August 2019 | viewed 79,439 times

    The recent fall of natural gas prices to extraordinary lows attests to a misunderstanding of how precarious supply remains, and it has poised the market…

  • The Rapid Acceleration Towards Peak Oil Demand

    Published 05 November 2018 | viewed 24,847 times

    The drumbeat towards peak oil demand is accelerating, but since much of the acceleration is happening outside of the United States, its cadence is muted.…

  • New Regulations May Come As A Rude Awakening For Oil Companies

    Published 25 July 2017 | viewed 12,184 times

    An agency little-known outside accounting circles recently issued draft rules to change the standards which govern the verification of the year-end oil and gas reserves…

  • Is Another Bust Looming Over The Oil Industry?

    Published 10 April 2017 | viewed 39,722 times

    Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end…

  • There Is No Such Thing As Peak Oil Demand

    Published 28 March 2017 | viewed 31,765 times

    Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then…

  • Diminishing Outages Could Exacerbate Oil’s Fall

    Published 06 July 2016 | viewed 10,752 times

    The lulling stability of oil prices over the last months has been a welcome respite, and both Saudi and Russian authorities have declared the glut…

  • Could Sabotage Cause A Surge In Oil Prices?

    Published 26 April 2016 | viewed 16,323 times

    Hidden among the ballyhoo about a collaborative freeze in production growth, a less visible but far more effective dynamic has affected, and likely will affect,…

  • Does Saudi Arabia’s Play For Market Share Make Sense?

    Published 28 March 2016 | viewed 20,278 times

    Props to Saudi Arabia. Unlike other producers, including U.S. shale producers, it maintained financial strength and flexibility during the last boom. When it began to…

  • Why Saudi Arabia Has No Intention To End The Oil Glut

    Published 09 March 2016 | viewed 32,731 times

    In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to…

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