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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

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

    Published 23 April 2020 | viewed 37,951 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 84,606 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 78,281 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 24,040 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 11,972 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 39,009 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 30,691 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 10,624 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 15,972 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 19,416 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 31,539 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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