Westbank Oil Patch - Westbank Desk & Derrickwestbankdandd.org/OilPatch/2018September.pdf ·...

September 2018

Westbank Oil Patch Volume 42 Issue 9

Inside this issue:

Club News 2-11

Region News 12-13

ADDC News 14-19

Industry News 20-23

Westbank Oil Patch September

President: Angie Duplessis

Vice President: Judi Adams

Secretary: Theresa Adams

Treasurer: Jo Ann Brown

Immediate Past President: Susan Miller

Director: Vera Ledet

Director: Bonnie Wall

2 0 1 8 B O A R D O F D I R E C T O R S

2 0 1 8 C O M M I T T E E C H A I R M E N

Aimee: Bonnie Wall

Bulletin: Judi Adams

Bylaws: Judi Adams

Field Trip: TBA

Finance: Dottie Ancona

General Arrangements: Elaine Lesnak and Zelda Gillan

Membership/Orientation: Jo Ann Brown

Nominating/Election: TBA

Program/IAN: Judi Adams/Theresa Adams

Scholarship: Susan Miller

Social: Vera Ledet

Community Relations: Judi Adams

Board Meetings

September 12

October 17

November 7

December 5

Westbank Oil Patch

Membership Meetings

September 26

October 24

November 14

December 11

September

Month Sept Oct Nov Dec

Date 26th 24th 14th 11th

Speaker

Judi Adams

JoAnn Brown TBA Evelyn McCurley Ingram

Company D&D 2019 SE Region Director

Elect

Topic Upstream 101 Orientation Officer Installation

Invocation Zelda JoAnn Alice Gros

Introduction Theresa Susan Zelda Theresa

Theme Happy Fall

Y'all Orientation Thanksgiving Installation

Decorations Judi Susan Sylvia/Judy G Alice/JoAnn


September Membership Meeting Menu

Boston Bibb and Marinated Green Tomatillo Salad Ratatouille Stuffed Chicken Breast with Tomato

Basil Sauce Steamed Broccolini Warm Rolls and Butter New York Style Cheese Cake Iced Tea, Water, and Coffee


Per the club’s Bylaws:

ARTICLE VI ‑ BOARD OF DIRECTORS, TERM OF OFFICE AND VACANCIES Section 1 ‑ TERM. Section 1(a): The Officers of the Club shall be the President, Vice President, Secretary, Treasurer, and Immediate Past President whose term of office shall be for a period of one (1) year, beginning January 1st. …. No member shall hold more than one office concurrently. Section 1(c): The Board of Directors shall consist of the Officers, the Immediate Past President, and a minimum of one (1) and maximum of two ( 2) Directors elected for a one-year term. The 2018 Nominating Committee is chaired by Judy Guillot. The deadline to submit résumés for the 2019 Officers and Board of Directors is September 12. Résumé form and brief list of responsibilities of Officers and Board of Directors are on the following pages.

Nominations are taken for the fol-

lowing:

President

Vice President

Secretary

Treasurer

Director

We can do it! Yes, We Can!

Happy Birthday!!

Theresa Adams

September 15

Judy Guillot

September 15


Some of the responsibilities of the officers:

PRESIDENT

1. Coordinate and direct all business of the Club and serve as Chairman of the Board of Directors. 2. Serve as the presiding officer at all meetings of the Board of Directors and the General Member-

ship. 3. Call any special meetings of the Board and/or membership as deemed necessary. 4. Serve as Ex-officio member of all committees.

VICE PRESIDENT

1. Serve as assistant to the President and work closely with the President, performing the duties of the presidency during any absence or inability of the President to perform said duties.

2. Succeed to the office of President should a vacancy occur. 3. Accept such duties as are delegated by the President, including chairmanship of any specified

committees. SECRETARY

1. Record minutes of the club meetings and distribute minutes to members by email; provide copies of minutes at the General Membership meetings for the members that do not have access to a computer and the Internet.

2. At least one week prior to each Board meeting, notify the Board of Directors of the date, time, and place of the meeting and furnish each Board member with a copy of the minutes of the last Board meeting.

3. Notify all committee chairmen of any joint meetings with the Board of Directors as may be called by the President at least one week prior to said meeting.

TREASURER

1. Maintain the permanent financial records of the Club and handle all of its funds, keeping an open set of books.

2. Secure proper signature cards as required for all accounts at the beginning of the year, no later than January 15th.

3. Sign all checks jointly with the President and/or Vice President. 4. Complete the “Transmittal List For ADDC Membership Dues.” a. Forward the form along with appropriate dues and assessments to the Association Distribution Office and Region Treasurer in a timely manner. DIRECTOR 1. Send the appropriate card in the event of sickness or death. 2 Serve to record minutes in the absence of the Secretary. 3. Serve to other duties as assigned by the President. For complete lists of officer responsibilities, visit the club’s website: http://westbankdandd.org/Bylaws_and_Rules/

ResponsibilitiesOfficersAndBoardMembers_June2018.pdf


President Angie Duplessis presents certificate of appreciation to speaker Jerry Bologna, CEO JEDCO

WHAT’S NEXT? Prosper Jefferson seminar series •Sales (Aug. 29th) •Leadership (Sept. 26th) •Company Culture (Oct. 31st) •Healthy Workplace (Nov. 28th)


The Jefferson Parish Economic Development Commission (JEDCO) is an inde-pendent, yet complementary arm of Jefferson Parish government with the main ob-jective of attracting, growing and creating new business in our area. JEDCO's mis-sion is to proactively influence the economy through the retention and creation of quality jobs, entrepreneurship and investment in Jefferson Parish.

AVONDALE SHIPYARD

•Priority project for JEDCO since closing announced in 2010

•Goal: to bring the former shipyard site back into commerce as quickly as possible to create jobs and investment in Jefferson

•Developer is behind the East Coast’s largest private port development

•Capitalize on River & Port Capabilities: break bulk cargo & value-added manufac-turing

DELGADO COMMUNITY COLLEGE

River City Campus & Advanced Manufacturing Center of Excellence

•Classes start at the new campus this week

•Will serve 2,500 students

•Workforce development & training

DYNO NOBEL

•Incitec Pivot’s highest performing site

•State-of-the-art ammonia production facility

•Foreign Direct Investment

Westbank Oil Patch Septembe

September

Westbank Oil Patch


Around

Region III

Baton Rouge Club President Lois Folse with

Ms. Dee Robinson with Brave Heart of Louisi-

ana

Lafayette Club: It's Here and Better than Ever!! Have you heard that our club now has a new and improved D & D website that is mobile compatible!!

Check it out here!! https://www.ddlafayette.org/

https://www.ddlafayette.org/

SeptembeWestbank Oil Patch


US Oil Rig Count Holds Steady

U.S. energy companies kept the oil rig count unchanged this week amid a steady de-cline in crude prices, which hit a near two-month low earlier this week.

The rig count, an early indicator of future output, held at 869 in the week to Aug. 17, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report. U.S. crude futures were on track to fall for the seventh straight week as global trade disputes fu-eled concerns about slowing economic growth, which could hurt the demand for en-ergy.

The U.S. rig count is much higher than a year ago when 763 rigs were active. Energy companies have been ramping up production in tandem with OPEC’s efforts since the start of 2017 to cut global output. So far this year, U.S. oil futures have averaged $66.30 per barrel. That compares with averages of $50.85 in 2017 and $43.47 in 2016. Looking ahead, crude futures were trading at $65 for the balance of 2018 and $63 for calendar 2019.

In anticipation of higher prices in 2018 than 2017, U.S. financial services firm Cowen & Co. this week said the E&P companies they track have provided guidance indicating an 18% increase this year in planned capital spending. Cowen said those E&Ps ex-pect to spend a total of $85.3 billion in 2018, up from an estimated $72.2 billion in

2017.

Analysts at Simmons & Co., energy specialists at U.S. investment bank Piper Jaffray, this week forecast average total oil and natural gas rig count would rise from 876 in 2017 to 1,031 in 2018, 1,092 in 2019 and 1,227 in 2020, little-changed from last week.

A total of 1,057 oil and gas rigs are currently in service.

So far this year, the total number of oil and gas rigs active in the United States has av-eraged 1,013. That keeps the total count for 2018 on track to be the highest since 2014, which averaged 1,862 rigs. Most rigs produce both oil and gas. U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day (MMbbl/d) to 10.68 MMbbl/d, lower than July’s forecast of growth of 1.44 MMbbl/d to 10.79 million, ac-cording to the U.S. Energy Information Administration.

Desk and Derrick Club of the

Westbank

P.O. Box 2875

Gretna, LA 70054-2875

ADDC Mission

Our mission is to enhance and foster a positive image to the global community by pro-

moting the contribution of the petroleum, energy, and allied industries through educa-

tion by using all resources available.

GREATER KNOWLEDGE—GREATER SERVICE

Visit us on the WEB.

www.westbankdandd.org

www.addc.org

Westbank Oil Patch is published by the Desk and Derrick Club of the Westbank to provide information to its members regarding the ADDC (at all levels—Association, Region, and Club) and energy and allied industries . Byline and credited articles represent the views of the authors and editor. Publication neither implies approval of the opinions nor accuracy of facts stated. Editor: Judi Adams ([email protected])

2018 ADDC Convention Evansville, IN September 18 - 23, 2018


Westbank Oil Patch - Westbank Desk & Derrickwestbankdandd.org/OilPatch/2018September.pdf ·...

Documents

Transcript of Westbank Oil Patch - Westbank Desk & Derrickwestbankdandd.org/OilPatch/2018September.pdf ·...