2019 Q2

President’s

Corner

Jason Lucas 2019 NADOA President

Ever the eternal optimist, Spring has Sprung! The temperature has changed from pipe bursting cold to just simply unpleasant. The allergies are blooming like the Cherry Blossoms in D.C. However, spring is a time of new beginnings, a time for hope! January 2019 saw oil prices averaging 46.00 per barrel. Today the price sits at 63.60 a barrel, with forecasts calling for a price increase. World volatility and sanctions could drive prices higher. Our industry thrives domestically with the help of several basins, including the monster Permian basin in West Texas and New Mexico, the Powder River in Wyoming, the Bakken in North Dakota and the Marcellus and Utica in Appalachia. This is going to make for an exciting Institute! Our committee, led by Stephanie Moore and Michele Lawton, has gone above and beyond the call to deliver one of our best Institutes ever. I am not going to spoil the surprise(s), but pack your bags and boots.

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