Barnett to focus on natural gas, crude oil analysis as EVP of Spring Rock Production

Keith Barnett has joined Spring Rock Production LLC as executive vice president. Barnett, most recently the Director of Strategic Analysis at Merrill Lynch Commodities Inc., will be responsible for developing and launching the company’s US and Canadian crude oil production forecast report.

“Barnett will add to Spring Rock’s extensive analysis of the natural gas and crude oil production marketplace in North America,” says Spring Rock Production President and CEO, Randall Collum.

In April, Spring Rock Production, an affiliate of Waterborne Energy, introduced a new forecasting and analysis service that offers clients detailed monthly reports that include forecasting up to two years out; a variety of frequent updates on natural gas prices, rig counts and pipe production data; along with E&P news, investor perspectives, regulatory filing information and intelligence.

Barnett has more than 30 years of experience in the energy industry including engineering, managerial and executive positions with Chevron, Columbia Gas Transmission, American Electric Power and Merrill Lynch Commodities (MLCI), spanning the areas of production, drilling, offshore platform design, natural gas marketing, fuel procurement, trading and structuring analytics, and corporate strategy.

“This is an exciting time in the energy business,” says Barnett. “Some may question the value of having a crude oil forecast that focuses on North America, but we are seeing rapid changes in the production landscape – an increase in onshore drilling, reinvigoration of Canadian oil sands production brought on by $100/bb oil, and the reawakening of deepwater mega-oil projects in the Gulf of Mexico. It is important for market participants to get ahead of these changes.”

“Having analyzed and evaluated energy markets since the mid-1980’s when I started marketing natural gas for Chevron, I know the natural gas market typically has a ‘season’ that lasts from 2-5 years,” says Barnett. “If you pay attention, you can identify what the key price driver will be in that market season. The market driver for this season, for example, is the growth of domestic production; to successfully make money or make the right capital investment decisions now requires understanding when the inflection points will occur in future gas production.”

“Spring Rock’s affiliation with Waterborne also gives us a huge boost in terms of information and insight into the rapidly evolving and dynamic LNG marketplace which can have significant impacts upon domestic gas balance, especially with the potential of LNG exports from North America,” adds Barnett.

Currently publishing natural gas production reports, Spring Rock expects to introduce its crude oil production forecast report soon.

Source:  Spring Rock Production LLC



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