October 2023 PECD Lunch & Presentation

Presentation Information:

The oil and gas industry is fraught with challenges, especially regarding the transparency of transactions in Texas. Producers often struggle to ensure they’re getting the best prices for their oil due to the complexities of gathering relevant data. Barrel Hub’s software, as introduced by Luther Ott,  is designed to transform these challenges by leveraging public legislative mandates, promising a more transparent transaction environment, and ensuring that producers receive the best prices.

Barrel Hub is the first-of-its-kind software built specifically for Texas oil and gas producers. With Barrel Hub you can see and compare the actual data for every lease in Texas. Users have access to the gravity, the volume, and the real prices paid every month, on every lease in Texas. And to make that data useful Barrel Hub also gives users the name of both the purchaser and the producer for each lease. Each county is automatically sorted by price from the highest to lowest price paid, making it easy for producers to see where they rank versus their peers.

See this youtube video for more info

Speaker Bio: 

Luther Ott is the Founder and CEO of Barrel Hub. He is also a partner and CIO of LDV Oil & Gas Consulting. Luther graduated from Millsaps College with a B.A. in History in 1993. He then attended Louisiana State University earning his Master of  Science degree, with a focus on finance and economics. Luther then went on to an investing career running and consulting for hedge funds,  private equity funds, and private family offices. During his 30-year  investing career, he has specialized in commodities trading, hedging programs, qualitative underwriting, deal-structuring, and strategy.  He has served as a board member or consultant to companies in a variety of industries including technology, finance, energy, commercial real estate, and healthcare. Luther has been a frequent speaker and panelist  on various investment topics, including deal structure, family office best practices,  and alternative investing.  He is a former board member of the Else School of Management and has been a contributing subject matter resource to journalists for the Wall Street Journal and CNBC.

Event Information:

In 2023 the Petroleum Engineers Club of Dallas will aim to meet on the 2nd Friday of every month (a few exceptions will happen and are noted on the club calendar). Follow us on LinkedIn for up-to-day announcements and join our email list for all club news. All club meetings will include networking time, lunch, and a speaker/presentation.

Once you register, we will have your RSVP information. No need to print any tickets, we will have your RSVP and payment status available to us at check-in.

Lunch Prices:

• Member:                          $35
• Non-member:                 $40
• GOLD Member:              Free

As always please invite coworkers, friends, and anyone who would be interested. Reach out to one of the board members directly or email us at petroleumengineersclub@gmail.com with any questions.

Thank You

- The PECD Board