Experts Available to Discuss Oil-Industry Competition Could

TOPIC: A recent Wall Street Journal article predicts that there is a strong possibility of a "wave of consolidation" in the oil industry as a result of current economic conditions. Energy prices have fallen from recent highs, and smaller oil and natural-gas companies are hurting from the credit crisis yet have drillable land; while larger companies have amassed a good deal of capital and are seeking growth opportunities. These larger companies have been waiting for a buyers' market for some time, and what has changed is the potential for distress amongst the smaller companies.

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EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

Mr. Craig Davis is the president of INEXS which he co-founded in 1990 to provide premium quality geophysical and geological consulting services to the worldwide oil and gas industry. He is actively involved with the management of many of the company's projects, and is responsible for most of the large projects for major oil companies that include field evaluations, packaging and selling producing assets, and major acquisitions. In 2003-2004, Craig led a team of seven geoscientists to review, interpret, package and sell the exploration upside potential for 108 producing fields in the Gulf of Mexico for Unocal. Craig has led exploration teams on various field development and exploration projects for clients in Venezuela, Turkey, The United Kingdom, Indonesia, Eritrea, Norway, India, The Netherlands, and numerous locations in the Texas, Louisiana, and the Gulf of Mexico. Craig graduated from Indiana University in 1980 with a B.S. in Geology, and began working the mid-continent of the US for Texaco in Tulsa. He moved to Houston to join Monsanto Oil Company in 1982, and worked the deep water flexure trend and the Green Canyon 18 field. In 1983, Monsanto transferred Craig to London to work on the Ivanhoe and Rob Roy field development the North Sea, with a focus on a new 3D acquisition and ensuing interpretation using then-new workstation technology concluding in 1985. He moved to Copenhagen in 1986 to join Consultant of Tri-D, and worked on several regional projects for the Danish Energy Agency. Landmark Graphics recruited Craig back in London to head up their technical services for Europe / Africa / Middle East for two years. In 1989, Craig moved back to the States with Landmark, and in 1990 began INEXS.