Energy Roundtable

Does the Price of Oil Have New Meaning?
Tuesday, 2 May 2006, 0930 to 1200

Note: You must request an invitation to attend the Energy Roundtable. Request your invitation today by sending an email to ert@otcnet.org, or call +1.972.952.9393.

A panel of distinguished, industry executives discusses and considers how the $60 barrel changes decision-making rationale for new projects and other critical issues facing the current E&P industry.

Moderator
Steve Jacobs, President, RMI

Panelists
Annell Bay, Vice President Exploration Americas, Shell Exploration and Production
Guy Caruso, Administrator, US Department of Energy Information Administration
Chad Deaton, Chairman and CEO, Baker Hughes
John McDonald, Vice President of Strategic Planning, Chevron Corporation
Robin West, Chairman and CEO, PFC Energy

Moderator Profile

Steve Jacobs
President, RMI
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Having over 25 years of market research and consulting experience, Steve Jacobs has worked in several marketing positions and has consulted to a number of the largest companies that are active in exploration and production and the refining and chemical industries. His considerable international experience includes a position with a consulting firm in Europe, as well as travel to over 35 countries throughout the world. He is recognized as a leading expert in the oil service sector, whether as a mentor, moderator or market analyst.

Panelist Profiles

Annell Bay
Vice President Exploration Americas, Shell Exploration and Production
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Annell Bay was appointed vice president exploration Americas for Shell Exploration and Production in May 2004. Prior to joining Shell, she was vice president worldwide exploration for Kerr-McGee Oil and Gas Corporation. Her career in oil and gas exploration of almost 26 years has included assignments in exploration play and prospect generation, exploration drilling and operations, worldwide planning and strategy, and exploration management. In her early career as an exploration geologist, Bay worked for Shell, Chevron, Sohio/BP and Oryx Energy.

Bay holds a MS in Geology from The University of Texas at Austin. She is a member of the Advisory Council for Geology Foundation and the Corporate Advisory Committee to the Bureau of Economic Geology at The University of Texas at Austin; the Corporate Advisory Committee for the American Association of Petroleum Geologists; the Houston Geological Society; and a Trustee of the American Geological Institute Foundation.

Guy Caruso
Administrator, US Department of Energy Information Administration
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In February 2002, President Bush nominated Guy Caruso to the position of administrator of the Energy Information Administration (EIA), a statistical agency within the United States Department of Energy (DOE). Caruso has over 30 years of energy experience, with particular emphasis on topics relating to energy markets, policy and security.

Prior to joining DOE, Caruso worked at the Central Intelligence Agency as an international energy economist in the Office of Economic Research. He has also served as the executive director of the Strategic Energy Initiative Project under the Energy and National Security Program of the Center for Strategic and International Studies and director of the National Energy Strategy project for the United States Energy Association.

Caruso holds a BS in business administration and an MS in economics from the University of Connecticut. He also earned a master’s of public administration from Harvard University.

Chad Deaton
Chairman and Chief Executive Officer, Baker Hughes
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Chad Deaton has served as Chairman of the Board and Chief Executive Officer of Baker Hughes Incorporated since he joined the company in October 2004.  Before coming to Baker Hughes, he served as President, Director and Chief Executive Officer of Hanover Compressor Company from August 2002 until October 2004.  He was with Schlumberger Oilfield Services from 1976 until 2001, where he held positions in the United States and internationally. 

He is a director of CARBO Ceramics, Inc., Ariel Corporation and the Greater Houston Partnership.  He is active in numerous charitable organizations, including Houston Achievement Place, Junior Achievement of Southeast Texas and the American Diabetes Association.  A native of Wyoming, Deaton earned a BS in geology from the University of Wyoming.

John McDonald
Vice President of Strategic Planning, Chevron Corporation
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As vice president of strategic planning for Chevron Corporation, John McDonald is responsible for advising senior corporate executives in setting strategic direction for the company, allocating capital and other resources, determining operating unit performance measures and targets, and reviewing and undertaking significant mergers, acquisitions and divestitures.

McDonald began his career with Texaco in 1975 as a geophysicist in the company’s Calgary office and went on to hold positions of increasing responsibility at various locations around the world. Upon the merger of Chevron and Texaco in October 2001, he was named managing director of ChevronTexaco Upstream Europe.

McDonald has been an active member of numerous business and civic organizations, including serving as president and executive officer of the United Kingdom Offshore Operators Association and as a member of the United Kingdom Industry/Government Forum. He is a member of the Society of Exploration Geophysicists, the American Association of Petroleum Geologists and the Society of Petroleum Engineers.

McDonald earned an honors BS in geophysics from the University of Western Ontario, Canada.

Robin West
Founder and Chairman of the Board, PFC Energy
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J. Robinson (Robin) West is the founder and chairman of the board of PFC Energy.
As founder and chairman, West has advised chief executives of leading international oil and gas companies and national oil companies on corporate strategy, portfolio management, acquisitions, divestitures and investor relations.

Before founding PFC Energy in 1984, West served in the Reagan Administration as assistant secretary of the interior for policy, budget and administration. West conceived and implemented the five-year Outer Continental Shelf (OCS) Leasing Schedule and managed the $14 billion per year OCS policy.

West has also served as first vice president of Blyth, Eastman, Dillon & Co., Inc. Prior to that, he served in the Ford Administration as the deputy assistant secretary of defense for international economic affairs and on the White House Staff. In 1976, he received the Secretary of Defense Medal for Outstanding Civilian Service.

West was appointed by the President as a trustee to the United States Institute of Peace and was recently elected chairman of the board. He is the vice chairman of the Secretary of Energy Advisory Board, a member of the National Petroleum Council and the Council on Foreign Relations. West is president of the Wyeth Endowment for American Art. He has served as a trustee of the $3 billion Trans-Alaska Pipeline Liability Fund, as a member of the Chief of Naval Operations Executive Advisory Panel, the Industry Policy Advisory Committee on Multilateral Trade Negotiations of the US Trade Representative and on the National Advisory Committee on Handicapped Children. West was a presidential representative to the Yemen Arab Republic in 1987 and was appointed by the President to the National Advisory Committee on Oceans and Atmosphere in 1977.

West received a BA from the University of North Carolina at Chapel Hill and a JD from Temple University.