WICHITA FALLS, Texas – People from all parts of the state in the oil and gas industry will converge on Wichita Falls for the next couple of days as the Texas Alliance of Energy Producers hosts its expo and annual meeting Tuesday and Wednesday.
Alex Mills, TAEP president, said plummeting oil prices might result in a smaller gathering than in recent years as companies look to cut costs. Still, he said, close to 2,000 guests and vendors are expected to attend.
“We have felt the impact of the downturn on the expo and the annual meeting, but it hasn’t hit us quite as hard as it has hit most of the people in the industry,” he said. “With 50 percent decline in the rig count, drilling permits off considerably, that’s what we’re going to be focusing on at the meeting.”
Mills said the question on everyone’s mind is: How low will prices decline, and how long will they stay there? Seminar speakers will address those topics and more during the two-day event.
The featured speaker for the annual meeting on Wednesday is Nicolas Loris, senior policy analyst on energy, environmental and regulatory issues for the Heritage Foundation in Washington, D.C. Mills said Loris will speak on how federal regulations and policies help and hinder the industry, as well as what can be done to soften the blow of an increasing crude oil inventory and declining prices.
The general public would also benefit from the expo, he said, because it would provide industry insight as to what experts think will happen.
Mills said the annual event saw a decline in attendance when the last bust hit in 2008. He said attendance went from a little more than 2,000 that year to about 1,800 in 2009. It wasn’t until 2012 that the annual event recovered to its normal level.
The expo will feature more than 350 vendor booths, an outside equipment showcase, free technical seminars and more.
Go to www.texasalliance.org to register for the expo. Tickets for the country and western barbecue and annual luncheon can be purchased in advance. Tickets are not available for purchase at the door. Call 940-723-4131 for more information.
(c)2015 the Times Record News (Wichita Fallas, Texas)
This article was written by John Ingle from Times Record News, Wichita Falls, Texas and was legally licensed through the NewsCred publisher network.