David Lawrence, a highly proficient geologist and business leader, earned degrees from Lawrence University and Yale University, and possesses decades of experience in the oil, gas and energy industry with Royal Dutch Shell. After retiring from Shell, David Lawrence founded Lawrence Energy Group and has established himself as an expert in the subject area of energy transitions and the need for energy expansion. Recently, Mr. Lawrence published an article in Western Confluence magazine titled Energy Transition, Our World Needs More Energy and Less CO2. Western Confluence is a magazine that partners with the Ruckelshaus Institute at the University of Wyoming to provide content on issues affecting natural resources in the western United States. The energy transition article discusses the challenge of meeting the increasing global demands for energy while also simultaneously decreasing CO2 emissions. The need for leadership, innovation, and research and development is also important, in order to move closer to the ideal energy system which features affordability and availability while also being safe, sustainable, and environmentally friendly. For the full article, visit http://www.westernconfluence.org/energy-transition/.
Formerly with Shell, David Lawrence is a respected energy executive who provides clients with value-driven services as head of the Lawrence Energy Group. Reflecting industry knowledge gained while with Shell, David Lawrence recently made a presentation on Choices and Challenges: Delivering the World’s Energy Needs at a University of Tulsa conference.
He emphasized the difficulties involved in re-orienting the energy sector toward renewables and low-emission technologies that can help offset the imminent threat of global warming. He likened the process to turning a huge vessel around in the water, where you have to deal with crosscurrents and “turn before you make the turn.”
He also likens this to past paradigmatic shifts, such as the one from steam power to diesel. Given infrastructural inertia, it takes a long time for one or more energy sources to take the place of the current standard energy source. It took between 70 years and 85 years for oil and natural gas to become significant forces comprising more than 20 percent of total primary energy supply. Given the global-warming-tied constraints on current energy production, it will take an unprecedented global effort to turn around the energy ship and move it toward a sustainable tomorrow.
Dr. David Lawrence, Chairman and CEO, Lawrence Energy Group (Houston, Texas), presents the keynote, “Choices and Challenges: Delivering the World’s Energy Needs,” at the Oil & Gas in the 21st Century Conference on April 7, 2016. The conference was held at Gilcrease Museum in Tulsa and was hosted by The University of Tulsa College of Law.
An experienced energy industry executive, David Lawrence has served in numerous executive management roles for Royal Dutch Shell. Most recently an executive vice president at Shell, David Lawrence is serving on the board of directors for Stone Energy, and has a strong interest in new technologies and innovation in the industry.
The oil and gas industry continues to innovate and develop new technologies to assist with exploration and production of energy deposits. Electromagnetic technology and 3-D seismic technology are just a few examples of innovations that help to locate energy deposits and optimize the extraction process. Three-dimensional seismic technology has now become standard practice in the oil and gas industry.
Three-dimensional seismic technology relies on advanced computer systems that create 3-D images of underground structures based on sound waves that are sent into the earth. This process help engineers to locate oil and gas deposits and improves efficiency related to both exploration and the extraction process. Recently, the industry has moved further, and begun utilizing 4-D seismic technology that allows engineers to analyze deposits and their changes they undergo over time.
The former executive vice president of Exploration and Commercial at Shell Upstream Americas and Executive Vice President Investor Relations for Royal Dutch Shell, David Lawrence received his PhD in geology from Yale University. David Lawrence frequently writes on topics relating to energy and climate issues, including a carbon tax, one of the most prominent energy issues in the United States today.
At its core, a carbon tax refers to a fee based on the amount of carbon dioxide emitted from the burning of fossil fuels. A carbon tax effectively functions as a tax on carbon emissions, which has become a major environmental issue in recent decades.
In most cases, governmental organizations collect a carbon tax at a point far “upstream,” typically when the fuels are collected and first introduced to commercial markets. Because carbon taxes result in greater expense to producers, producers are expected to increase the consumer price of carbon-related products. In this way, both consumers and producers are incentivized to reduce their overall carbon emissions.
Carbon tax policies often include special provisions for exempt businesses such as export-heavy entities, which must keep carbon emissions high in order to compete in the global marketplace. Similarly, plastics manufacturers are only taxed on the carbon they use to make products, not on carbon they sequester from the atmosphere.
Formerly leading in executive positions at Royal Dutch Shell and Shell Upstream Americas, David Lawrence serves as chairman of the Lawrence Energy Group. He was also recently appointed as a special liaison on Stone Energy Corporation’s independent directors, advising on matters of restructuring and strategy. In an effort to help educate the community on energy and climate issues, including the natural gas and oil sector, he contributes to an forum called The Energy Collective.
According to an article published through The Energy Collective, the United States energy sector performed optimally in 2015. The nation recorded a record high, 79 billion cubic feet per day (Bcf/d), in natural gas production. The rate indicated a five percent increase from the year prior and reflected gross withdrawals as well as marketed and dry natural gas production.
States making the greatest impact were Pennsylvania, Ohio, West Virginia, Oklahoma, and North Dakota. Together, the states made up 35 percent of production during the year. Pennsylvania and Ohio led the group with 1.5 Bcf/d and 1.4 Bcf/d, respectively. Ohio in particular grew 41 percent from 2014, which resulted from excavation in the Utica Shale play, an area expected to thrive in the coming years.
A veteran of the oil, natural gas and energy sector, David Lawrence has honed his expertise with companies including Royal Dutch Shell and Shell Upstream Americas. David Lawrence leverages his knowledge to lead the Lawrence Energy Group as chairman and advise Stone Energy Corporation, including his recent appointment as special liaison of the independent directors on matters of restructuring and strategy.
Headquartered in Lafayette, Louisiana, Stone Energy Corporation released its 2015 annual report, which highlighted the following developments:
Stone Energy owns four wells in the Cardona field. By the end of the year, all wells were placed on the Pompano platform, an online resource that increased barrels of oil equivalent per day (boepd). The transition kept incremental operating costs nearly the same.
Maintaining 100 percent working interest, the Amethyst project is part of the corporation’s deep water development program. Similar to the Cardona wells, it is on the Pompano platform. As of the beginning of 2016, its production of natural gas was flowing at a rate of approximately 35 million cubic feet gas equivalent per day (mmcfepd).
The organization achieved 100 mmcfepd through its wells in the Appalachia. It owns 112 producing wells that are currently in operation and another 23 drilled wells that are pending completion. The wells are located throughout the Marcellus and Utica shales.