diamond bits · wonderful learning and growth experience. your club needs you! “great discoveries...

August 2019

A Monthly Publication of the Desk and Derrick Club of Dallas

August 2019 Volume 68, Issue 8

D i a m o n d B i t s

PRESIDENT’S LETTER

Dear Dallas Club Members, Well summer is almost over … according to the scheduled school start-ing’s, but NOT the thermometer, even though we are having a “COOL” front with temps at high 80’s and low 90’s! It’s time to plan for a chance to spend some time with your D&D friends across the country at the up-coming event, ADDC 2019 Convention. “Coming together is a beginning; keeping together is progress; working together is success.” -- Henry Ford

2019 ADDC Convention is being held in Kansas City, Missouri on September 25-28, 2019. I am sure the General Arrangements Committee has been working diligently to plan a wing-dinger (as my dad used to say) of a convention. There is still a lot of time to Early Register for $250.00pp before the August 1, 2019 deadline, after that the registration goes to $275.00pp. There are 4 field trips and 1 seminar sched-uled for Wed, Sept 25th. Thursday has the Marketing Certification Class, 3 more field trips and 2 more seminars. It sounds like a fun and educational group of days. Friday and Saturday hold the Business Sessions and the Energy Symposium along with the Salute to Industry Luncheon, the Ice Breaker, Mem-bership Recognition Luncheon and last but not least, the Banquet!

“Nothing is particularly hard if you divide it into small jobs.” - Henry Ford We have a number of members who deserve special recognition this month for stepping up and volun-teering their time. Congratulations to Beverly Murrey, Denise Adams and Machelle Selbe for stepping up to be the Tri-Chairmen for the 2020 Central Region Meeting. They will need your help in pulling off a wonderful 2020 Region Meeting next year.

“Each of us brings to our job, whatever it is, our lifetime of experience and our values.” -- Sandra Day O’Con-nor

Also, many thanks to Sharon Cook (Chairman), Nancy Settegast and Janet Mooty for agreeing to serve as our Nominating Commit-tee to help fill the 2020 Board. I would like to encourage each of you to consider serving as an officer or director for 2020. It’s a wonderful learning and growth experience. YOUR CLUB needs you!

“Great discoveries and achievements invariably involve the cooperation of many minds.” -- Alexander Graham Bell

Please be sure to make plans to attend our next Membership Meeting at the EXCO Building on Thursday, August 1, 2019. Your support is very important so I hope that we have an excellent turnout for this meeting. See y’all then!

Barbara “Greater Knowledge thru Participation”

Inside this Issue

President’s Letter

1

Dates to

Remember & Birthdays

2

In the News 3-4

Sponsors 4

Field Trip 5

D&D News 6

ADDC

President’s Letter

7

Central

Region Dir Letter

8

Board,

Committees, & Members

9

August 2019


August 1.….………………………….MEMBERSHIP MEETING August 15…………………..………………….BOARD MEETING August 17……………………………..2020 CENTRAL REGION PLANNING BRUNCH August 24…………………..………..GEORGE BUSH LIBRARY FIELD TRIP September 2………………………………….……….LABOR DAY September 5………………………..MEMBERSHIP MEETING September 19………………………………..BOARD MEETING September 25-28...…………...ADDC 2019 CONVENTION

Birthdays

Marie Sommerfelt August 13 Mary T. Vaughan August 27 Sharon Figueroa August 28

August Meeting Information MEETING LOCATION:

Lakeside Square Office Tower (EXCO offices) — 12377 Merit Drive, Dallas, TX 75251.

When: August 1, 2019 — Lunch Meeting starting at noon. Where: Lakeside Square Office Tower (EXCO offices) – 12377 Merit Drive, Dallas, TX 75251. Cost: $22.00 cash/check or $23.00 credit card

Cancellations: If you make a reservation and are unable to attend, you must cancel through the same reservation portal by the deadline to avoid being charged for the meal.

Meal: King ranch casserole, salad, rolls, and dessert. Parking: Park on either side of the building in the visitor parking; you may also park in the lot on the far side

of the parking garage – Meeting room will be on the fifth floor. Directions: Southwest from the IH 635 and US 75 exchange, 1 block off of Coit Rd. and Churchill Way; From IH

635, exit Coit Rd. and go 2 blocks south, turn right on Churchill Way, turn left at the 4-way stop on Merit Drive, on southwest corner; From US 75, take Midpark exit if going south to service road to Coit and follow directions above, take Churchill Way exit if going north, go left on Churchill Way to Merit Drive, on southwest corner.

August 2019


How Is Trust Affecting The Bottom Line?

Declining returns and growing demand for cleaner energy and sustainable products are impacting stakeholder trust in oil and gas companies.

Muqsit Ashraf, Accenture Strategy Wed, 07/10/2019 - 04:00 AM

Amid declining returns and growing demand for cleaner energy and sustainable products, trust in traditional oil and gas business models is at risk. Key stakeholders like consumers, employees, investors and suppliers are questioning whether oil and gas compa-nies can play a meaningful role in the energy transition. This loss of trust can be costly. On average, almost 4% of future revenue could be at risk, according to Accenture Strategy research. That could translate to an average loss to future revenue of $9 billion for large national or integrated oil companies.

Beyond obvious dollar amounts, lack of trust can have unintended consequences that impact an organization internally. Prospective employees, customers and investors may be deterred from engaging with companies that are not perceived favorably in the public eye. Determining methods to bolster trust, confidence and reassurance will allow oil and gas companies to more successfully understand and anticipate changes to their bottom lines. Despite a company’s best efforts, it is impossible to prevent trust incidents completely. However, oil and gas companies can prepare by having a strategy that balances growth, profitability, sustainability and trust. An ecosystem of trust to increase value In the “Secure Trust to Secure Growth” report, Accenture Strategy found that to achieve competitive agility, the energy industry will need nearly $40 trillion in investment capital across the value chain by 2040. While half of these dollars will go toward growing core operations, a significant share will need to be allocated to new business models and diverse growth opportunities, such as alter-native energies, sustainable products, electrification, integrated services and cleaner, more efficient fossil fuel solutions. The report’s findings also reveal that investors are increasingly skeptical of energy companies’ willingness or ability to embrace business models that promote sustainability and positive social impact as well as their aptitude to adapt in the energy transition. The coal industry illustrates what the potential financial consequences of investor distrust might look like. While coal consumption in 2040 is expected to be just a few percentage points below its projected 2025 peak, investments and valuation of coal producers have dropped dramatically. Several lenders and underwriters have stopped issuing funding or insurance for new projects, and the market capitalization of the top four U.S. producers has dropped 90% from $45 billion to $5 billion. Firms that do not opt to strengthen trust in their core business or remake their reputations as champions of ethical, societal and envi-ronmental issues may experience a negative effect on their bottom line. Future competitiveness will require oil and gas companies to expand across value chains and deliver new categories of products and services at scale. But it is becoming clear that they cannot do it alone. They must build ecosystems of suppliers, peers, government agencies, academia and nongovernmental organizations to generate new value. Oil and gas companies must take steps to become more transparent and prove to investors that they can compete and grow in the future. Some of the large oil and gas firms are already doing so by divesting noncore assets, shifting to less carbon-intensive portfo-lios or expanding their alternative energy and power initiatives. Energy executives who wish to see sustained growth must place emphasis on securing stakeholder trust. Creating trust Companies must create a strategy and governance model that demonstrates how healthy returns can be generated in the core busi-ness through innovation and transformation as well as in new business areas through well-reasoned portfolio investments. Oil and gas companies will be instrumental in developing a new energy system at scale. They are also uniquely positioned to devel-op new low-carbon, recyclable or reusable services or products. Educating consumers about the role of the industry, hydrocarbons and lower-carbon energy in the future is critical.

August 2019


Historically, oil and gas companies have not been a popular place of employment for millennials. Accenture Strategy research shows that only 9% of college graduates want to work for energy companies. However, with the industry’s computing power, operational data and commitment to digitization, energy is one of the most dynamic, collaborative, tech-intensive industries there is. It also could become one of the most beneficial to society by enabling economic prosperity and employment opportunities via the energy system transformation. Energy executives should attract talent by communicating the industry’s position at the leading edge—technologically, societally and economically. To become a trusted ecosystem partner, companies must clearly define the rules of collaboration and highlight their vast experience in managing capital intensive projects. Joint ventures, public-private partnerships and new business-to-business and business-to-consumer ecosystems can all benefit from what oil and gas companies bring to the mix. Companies should advocate operational integrity and safety, shun unethical practices and act responsibly to meet societal and envi-ronmental needs. According to Accenture Strategy research, nearly two-thirds of consumers are attracted to companies that take a stand on sustainability. It will become increasingly important for energy companies to not just invest in alternate, more environmen-tally friendly energy solutions, but to become more transparent in their actions. Companies also should measure trust deficits and quantify impacts; this is critical to mitigating corporate trust issues. Bold commu-nication about operational and financial outcomes, carbon emissions and other pollutants, product safety, and HSE incidents also is important. Oil and gas companies can begin to impact the future of their bottom line by bolstering trust, confidence and reassurance with their stakeholders. By focusing on some core tactics, such as becoming a force for good or increasing transparency, corporations can shift public perception and become a more modern organization. This modernization will lead to increased benefits both internally and externally. By reshaping the perception of a company, prospective employees, investors and customers will be more likely to engage and im-prove a company’s bottom line overall. Trust can no longer be considered a “soft” corporate issue in the oil and gas industry. The connection between trust and a company’s value is increasingly growing stronger and is a clear variable in the equation of a compa-ny’s competitiveness, financial growth and brand success. https://www.hartenergy.com/exclusives/how-trust-affecting-bottom-line-180944 Submitted by Victoria Ashley

August 2019


Saturday, August 24, 2019 from 10:00am-1:00 pm George W. Bush Presidential Library and Museum serves as a resource for the study of the life and career of George W. Bush, while also pro-moting a better understanding of the Presidency, American history, and important issues of public policy. Among the 43,000 artifacts held at the Library, the “Nation Under Attack” exhibit displays steel from the World Trade Center that visitors may touch, the bullhorn President Bush used to address the crowd at Ground Zero, and letters he received in the days following the attacks.

The George W. Bush Presidential Center announces a new special exhibit, giving visitors an inside look at different presidential retreats such as Camp David, Prairie Chapel Ranch, LBJ Ranch, and Walker's Point. Running through October 6, away from the White House: Presidential Retreats showcas-es presidential retreats as a mixture of traveling White House, diplomacy, and attempts at relaxation. As you step inside the exhibit, you will feel as though you've stepped into each of our featured retreats and landscapes

We will meet at the front entrance at 10:00 a.m. Once everyone has their admissiontickets, we will go to the Oval Office so we can have our picture taken as a group.

Afterwards, you can tour the library at your own pace.

For those who’d like to visit and enjoy a late lunch together, we will be meeting at

2:00 at the Luby’s located at 6221 East Mockingbird Ln. Dallas, TX. 75214.

Admission cost to the library: $21.00 Adults; $18.00 Senior (62+); $19.00 Youth (13-17years); $15.00 Child (5-12 years).

Parking at Bush Center lot is $5.00 for the first hour and $0.75 for each additional 30minutes, and paid upon exiting the parking lot via credit card. Cash is NOT accepted.Suggest carpooling!

Please RSVP to Laura Whitter at [email protected] .

2943 SMU Blvd

Dallas, TX 75205

mailto:[email protected]

August 2019


2019 Scholarship

The scholarship committee has met and will present their selections to be voted on by the membership at the August meeting. Make plans to attend.

****************************************************************************** 2019 Convention

If you haven’t registered for convention yet, now’s the time! Registration has been extended to August 15. The regis-

tration packet is available on the club website on the News and Events page. ******************************************************************************

Nominating Committee

The nominating committee is actively trying to fill the board for 2020. Being on the board is a great way to find out more about the club and fresh ideas and thoughts keep things interesting. If you want more details about each posi-

tion just ask one of the current board members!

Dallas Club

www.dallasdandd.com

[email protected]

facebook.com/dallasdandd

twitter.com/DallasDandD

Mailing Address: Desk and Derrick Club of Dallas

P.O. Box 603071 Dallas, TX 75360

ADDC

www.addc.org

[email protected]

facebook.com/associationofdeskandderrickclubs

twitter.com/ADDCeducation

Mailing Address: Association of Desk and Derrick Clubs

Association Distribution Office 5014 FM 1500

Paris, Texas 75460

August 2019


July 2019 As we approach the second half of 2019 and the summer months of vacations, we must not let our passion for ADDC wane. Let’s all continue the drive to increase our membership and spread the word about Desk and Derrick. We are proud to announce we have 1096 members; this is exciting as we budgeted for 1080 members. We are over our projected number of renewals for our budget this year. The 2019 Nominating Committee has worked very hard this year and I am happy to present the nominees for the slate of officers for 2020: President-Elect Evelyn Green Secretary Casi Nichols Treasurer Philana Thompson Maggi Franks The forms and photos of the nominees were reviewed by the members of the 2019 Nominating Committee and were approved as received. We are drawing near to our 68th Annual Educational Conference and Convention. I hope you have all sent in your registrations and are looking forward to a great experience in Kansas City. The Central Region is working very hard to make this a memorable time for everyone. We have THREE free seminars --- “Programs! Programs! Get Your Programs Here!”, “Helpful Hints for Small Clubs” and “Social Media Marketing: Facebook and Twitter”. I think you will find these seminars informative and entertaining. And, it never hurts to learn more about this association and what it takes to make it run. It will be a great learning experience. Be sure you get your official Credentials Report sent in for your delegate and alternate so that your delegate will be eligible to vote at the convention. This form must be sent in to your re-gional Credentials representative and on record so that your delegate can vote for you, the member. I wish each of you a great summer! Happy Canada Day on July 1st to our Canadian members and Happy Independence Day on July 4th to our American members. Remember --- “In the waves of change we find our direction.” --- Anonymous

Terry Ligon

Terry Ligon

2019 ADDC President

HC 75, Box 495 Eliasville, TX 76481

940-550-5168

Board of Directors

PRESIDENT

Terry Ligon L Chem Tech Company Inc PRESIDENT ELECT

Keith Atkins Murphy USA, Inc.

SECRETARY

Wendy Sparks Carl E Gungoll Exploration Inc TREASURER

Evelyn Green GBC Minerals, Ltd. IMMEDIATE PAST PRESIDENT

Christina Forth FFAF Cargo PARLIAMENTARIAN

Marilyn Carter CENTRAL REGION DIRECTOR

Connie Bass New Tex Trucking NORTHEAST REGION DIRECTOR

Donna Siburt SOUTHEAST REGION DIRECTOR

Evelyn McCurley-Ingram WEST REGION DIRECTOR

Philana Thompson Merrion Oil & Gas

August 2019


July 2019 Happy 4th of July everyone: So hard to believe that this year is already halfway over and Convention is just around the cor-ner. Our highlighted president this month are Jamie Gilmore, OKC Club and Sharon Hiss Great Bend Club.

Jamie Gilmore, OKC president started out as a Sr. Supply Chain Analyst for Devon Energy however she is now self-employeed. She and her husband Jason have two children, Libby (13) and Lawton (10). Her hobbies are baking and reading. Her plans for the OKC club is to maximize club participation and draw people out who need encouragement. She also sees this as a major learning opportunity.

Sharon Hiss, Great Bend president is store manager of Gressel Oil Field where she is in charge of inventory, pricing and delivery as well as taking care of her customers. She stated that she and husband Rick do not have children however she claims her nieces Vicki, Amy and Billie as her "kids". Sharon's hobbies are gardening and watching their cattle under the tree enjoying nature. Being a longtime member she still wants to gain more knowledge about the energy and share her experience and leadership with others.

Reminder: Convention will be in Kansas City, MO September 25th through 28th at the Marriott Kansas City Country Club Plaza. I will be sending out the online registration information to the presidents. Information is in the registration packet for registration by phone. Looking forward to seeing everyone there. And as always remember this--- "The Key to education is the Willingness to Learn” Sincerely,

2019 Central Region Director

Connie Bass Central Region Director

Abby Johnson Butler County

Barbara Chapman Dallas

Shelly McCool Enid

Judi Jones Fort Worth

Lanette Mills Graham

Sharon Hiss Great Bend

Jamie Sabata Liberal

Pat Blanford Lone Star

Jamie Gilmore OKC

Teri Swarengin Red Earth

Jill Klein Tulsa Abby Bock Wichita

Rena Shaffer Wichita Falls

Central Region Director’s Newsletter

August 2019


2019 Executive Board

President Barbara Chapman

Vice President Donna C. Taylor

Secretary Machelle Selbe

Treasurer Marie Sommerfelt

Director of Education Laura Whitter

Director of Publications Victoria Ashley

Director of Rules Esther Evans

Immediate Past President Sharon Figueroa

Parliamentarian Mary T. Vaughan

Club Purpose and Motto

The purpose of the club shall be to promote the education and professional development of indi-viduals employed in or affiliated with the petroleum, energy and allied industries and to educate the general public about these industries.

Greater Knowledge, Greater Service

Victoria Ashley 2019 Diamond Bits Editor [email protected]

2019 Committees & Members AWARDS Esther Evans BULLETIN Victoria Ashley BYLAWS Esther Evans COMMUNICATION/LEADERSHIP TRAINING & LEGISLATIVE INFORMATION COMMUNITY SERVICE Laura Whitter CONTACT/EMPLOYMENT Esther Evans FIELD TRIPS/SEMINARS Laura Whitter GOLF TOURNAMENT Marie Sommerfelt, Chairman

Cheryl Morris, Co-Chairman HOUSE ARRANGEMENTS Barbara Chapman & Rita Harden INDUSTRY LIAISON

INSTALLATION Donna C. Taylor JULY FUNCTION Donna C. Taylor & Machelle Selbe MEMBERSHIP Sharon Figueroa ORIENTATION Donna C. Taylor PHOTOGRAPHY Victoria Ashley, Mary T.Vaughan & Barbara Chapman PROGRAMS Donna C.Taylor RESERVATIONS Barbara Chapman & Rita Harden ROSTER Victoria Ashley SCHOLARSHIP Esther Evans & Victoria Ashley TALLY Tiffany Sellars WEBSITE/MEDIA Victoria Ashley

diamond bits · wonderful learning and growth experience. your club needs you! “great discoveries...

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