There has long been a need for a Society which would bring together for their mutual benefit the specialists in petroleum evaluation engineering. Realizing this need Harold Vance, William Hurst and H.F. Poyner, Jr. secured a charter from the State of Texas for such a Society which is known as "The Society of Petroleum Evaluation Engineers". The number of the charter setting up such a cooperation is No. 187252 and was issued by the Secretary of the State of Texas on September 24, 1962.

This corporation was chartered under the Texas Non-Profit Corporation Act and its period of duration is perpetual. The corporation was organized exclusively for educational purposes and to promote the profession of petroleum evaluation engineering, to foster the spirit of scientific research among its members, and to disseminate facts pertaining to petroleum evaluation engineering among its members and the public.

The various technical associations, such as the American Institute of Mining, Metallurgical, and Petroleum Engineers, the American Association of Petroleum Geologist, and even the requirements of our engineering laws, provide no measure of the experience and ability of an individual in petroleum evaluation. Therefore, a need for this specialized Society is self-evident.

HAROLD VANCE

ORGANIZING DIRECTOR

Harold Vance was born on September 7, 1899 in Geneva, Indiana. He attended the University of Southern California from 1918 until 1921, obtaining his Bachelor of Science Degree in Petroleum Engineering & Geology in 1923 from the University of California (Berkley) and earned his Law Degree from the Houston Law School. Mr. Vance was employed by United Oil Company, United States Bureau of Mines, Marland Oil Company and Continental Oil Company prior to heading up the Petroleum Engineering Department of A&M University between 1934 and 1952. He established the Harold Vance Company in 1952.

Mr. Vance, one of the originating Directors, served as President in 1963 and on the Board of Directors in 1964. At the 1980 Annual Convention the Board of Directors voted to award Mr. Vance with a Lifetime Membership Award. Mr. Vance passed away on December 5, 1981

WILLIAM HURST

ORGANIZING DIRECTOR

William Hurst was born on June 1, 1905 in Boston Massachusetts. He received his Bachelor of Science degree in Engineering from Massachusetts Institute of Technology in 1928 and his Masters from M.I.T. in 1929. He gained his working knowledge from 1929 to 1957 from SUCII companies as Humble Oil & Refining, C.L.I. and Shell Oil Company. From 1948 until his retirement Mr. Hurst was self-employed as a petroleum engineering consultant in Houston, Texas. He served as Chairman on the Ferguson Award Committee for the AIME during 1961-1962.

One of the originating Directors in 1963, holding the office of Vice President, Mr. Hurst also served on the Board of Directors in 1964. Mr. Hurst was voted a Lifetime Membership Award by the Board of Directors during their meeting at the 1980 Annual Convention. Mr. Hurst passed away on December 5, 1996

HERBERT F. POYNER, JR.

ORGANIZING DIRECTOR

Herbert F. Poyner, Jr. was born in Boston, Massachusetts on February 9, 1926. He graduated from The University of Texas with a Bachelor of Science Degree in Petroleum Engineering in 1947 and a Master of Science Degree in Petroleum Engineering in 1949. He worked for Shell Oil Company until late 1952 when he joined Bank of the Southwest as a Petroleum Engineer in its Energy Division. In 1974 he was one of the organizers of the petroleum consulting firm of Hansen, Miller, Poyner & Banta. In 1975 he joined Allied Bank of Texas as Senior Vice President and Manager of the Energy/Natural Resources Department. In 1981 he joined Energy Capital Corporation as President. Mr. Poyner, was one of the organizing directors of the Society in 1963, serving as Secretary/Treasurer. He also served the Society as Vice President in 1975 and as President in 1976.