Consultant, Dennis Fagerstone
Member of the Natural Resources Council
Dennis Fagerstone is an independent consultant in the oil and gas industry. Prior, Mr. Fagerstone was an Executive Vice President of International Operations at Pioneer Natural Resources. He began as Executive Vice President following the August 1997 merger of Parker & Parsley with Mesa to form Pioneer. In this position, he was responsible for Pioneer's international production, gas processing operations, and worldwide engineering, drilling, and facilities functions. He joined Mesa in 1985 as Manager of Operations, became Vice President of Operations in 1998, Vice President of Exploration and Production in 1991. In his 32 years in the industry, Dennis has supervised exploration, production, gas processing, and acquisition activities, both onshore and offshore in various locations around the world. He was educated with a B.S. in Petroleum Engineering at the Colorado School of Mines. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
June 30, 2009
Estimate Places Natural Gas Reserves 35% Higher | www.nytimes.com
This article correctly states that new technology has opened many areas in the US and worldwide for natural gas development. The 35% increase, however, is for resources, which is very different than reserves. These resources must be proven to be commercialy feasible for development before classification as reserves. At natural gas prices below $6/mmbtu, only 20-30 % of these resource plays in the US are commercial at present development cost levels. The quality of these unproven supplies must also be confirmed by drilling and testing. Adequate natural gas prices will be necessary to support development and conversion of this gas to reserves.
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Oil and Gas Consultants (Texas) | 548 |
| Drilling Rig Experts | 409 |
| Natural Gas Experts (North America) | 265 |
May 8, 2008 | New York
GLG Seminar: US Upstream Oil & Gas Overview