2005-2006

2005-2006

Fall 2005 Panel Discussion – Chemical Best Practices for Fracturing and Production in the Barnett Shale

An in depth discussion of the latest advances in chemical treatment to remediate scaling tendencies, bacteria contamination, induced corrosion and incompatible fracturing fluids.

Biography:

Gene Brock is Division Vice President for Technical Services with BJ. He has over 34 years experience in the oilfield and industrial chemical business. He has a Masters Degree in Organic and Analytical Chemistry from Kansas State College of Pittsburg located in Pittsburg, Kansas.

 

November 2005 – Get the skinny of Reservoir Modeling

While many techniques for optimization, design, and maximization of capital utilization have found their way into traditional downstream and processing operations within our industry, few have made an impact on the way routine day-to-day Geologic, Geophysical, & Engineering work is accomplished. By drawing on many of the core principles of lean manufacturing, a reservoir modeling technology called Resolve makes fundamental technical work more effective and efficient. Specifics include:

  1. Eliminating barriers between technical disciplines to provide a common platform for the integration of data, as well as providing a nexus for collaborative analysis and synthesis,

  1. Promoting speed and efficiency by automating many of the more tedious exercises (i.e. auto-meshing vs. gridding), which allows technical professional to focus on the reservoir, not the tool,

  1. Enhancing modeling precision (quality) to feature a coupled reservoir and wellbore model giving representation of combined reservoir/well performance previously unavailable,

  1. Managing data proactively – The “just in time” approach is enabled so that the model can be routinely updated as data matures, preparing the professional for each business decision as it arises.

Dr. Mark Miller will provide a process and technology overview, supported by a recent case study from onshore U.S. where reservoir modeling led to the optimization of hydraulic fracture design and ultimately unlocked the play concept.

Biography:

Dr. Mark Miller, the Chief Technical Advisor for Object Reservoir, has worked as a consulting petroleum reservoir engineer for a variety of companies, including Petrobras Columbia, Korea National Oil, PEMEX, JNOC, and the U.S. Department of Energy. He was an associate professor at the University of Texas at Austin in the Department of Petroleum and Geosystems Engineering and taught petroleum engineering at Stanford University. Miller holds a Doctoral degree in Petroleum Engineering from Stanford University and a Bachelor's degree in Engineering from Harvey Mudd College.

 

January 2006 – Investing in Oilfield Technologies – Why Rig Count Doesn’t Matter Anymore

Since the Hughes Tool Company began counting drilling rigs 70 years ago, the oil and gas industry has used rig count to gauge the health of the industry – a climbing rig count pointed to better times ahead and a declining rig count signaled growing caution. Industry leaders, however, are beginning to notice that some oilfield equipment and service companies are continuing to grow and prosper despite periods of declining rig count. Although we work in an industry that will always rely on the drilling rig, drilling and completion technologies have advanced so rapidly that 2 rigs can now do the work that 3 rigs did just 5 years ago. The dollars that an operator used to spend with the drilling contractor are now being spent on downhole drilling systems and bits, completion products and services, leading to declining fortunes for the contractor and record-breaking quarters for the smartest service companies. Mr. Spears will point out the winners and the losers in this drilling and completion technology race and will identify the products and services most likely to spur the next round of investment. As a bonus, Mr. Spears will also show how the maturing of the world’s oilfields is driving the sales of certain production technologies to heights never before imagined.

Biography:

Richard Spears is a Managing Director of Spears & Associates, a 40 year old firm specializing in measuring and forecasting oilfield equipment & service markets around the world. Current clients include most major oil companies, service companies and investment firms worldwide. Spears' research and data is used to support most mergers and acquisitions that occur in the oilfield's service and equipment sector. The firm has been providing the industry’s only commercial drilling forecast since 1982. In addition to the firm's conventional work, Richard led World Bank missions to Russia's West Siberia (1992) and to Romania (1995) seeking lending and partnering opportunities in the upstream oil & gas sector. Richard has a BS in engineering from Oklahoma State University and did graduate studies in Industrial Engineering. He is a member of SPE. With the firm 20 years, Richard previously worked as a field engineer for Halliburton. Richard is a popular speaker in the industry and gives 12-15 talks to SPE, API and financial conferences each year on market trends and technology forecasts.

February 2006 – Hydraulic Fracturing: THE multi-discipline process

The objective of hydraulic fracturing is to create a conductive pathway from the formation to the wellbore that optimizes, if not, maximizes well productivity. Though this goal seems simple, achieving this necessarily involves nearly every technical discipline in the oil industry. As an example, starting from the beginning, a deviated wellbore drilled in the wrong direction can doom fracturing to failure before a target formation is even perforated. The fracture may be created for many reasons including for the mitigation of formation damage, reservoir management, formation control, or simply to stimulate well performance. Though fractures are created for many reasons, the creation of this conductive path is necessarily a multi-discipline process. To truly achieve the fracturing objectives knowledge and interaction of rock and fluid mechanics, drilling, field operations, the geosciences (geology and geophysics), and reservoir engineering disciplines must be applied and all brought together at the well site. This presentation focuses on the multi-disciplinary aspects of hydraulic fracturing showing how the disciplines interact to affect various aspects of fracturing, and the integration of skill sets can be used to maximize well performance, minimize costs, and optimize asset performance. Fundamental truths and more recent technological advances in each discipline as it relates to hydraulic fracturing will be discussed and the methods of creating the most effective and beneficial hydrocarbon pathway to the wellbore shown. Myths, half-truths, and bold-faced lies will be investigated, debunked, and/or advanced as appropriate. Advances in rock and fluid mechanics, geosciences, and reservoir engineering will be reviewed and field examples shown extolling the benefits of discipline integration into one process, hydraulic fracturing. Whether to improve our knowledge of key fracturing parameters,or to diagnose and/or predict optimum fracture dimensions, the integration of the disciplines is critical to success.

Biography:

Michael B. Smith is the President of NSI Technologies, Inc. He has over 20 years experience with a major operator and as a consultant. He has served as an SPE Distinguished Lecturer and authored two chapters in the SPE Monograph Recent Advances in Hydraulic Fracturing. Most recently, he was awarded the Lester C. Uren award for his technical contributions. He is a graduate of Rice University with a PhD degree in Mechanical Engineering.

March 2006 – Reserves from Unconventional Reservoirs

Growing shortages of conventional hydrocarbons deliverable at rates markets require has increased the importance of unconventional sources of hydrocarbons in recent years. These unconventional sources include tight-gas, coalbed methane, heavy oil, and shale- gas reservoirs, and also include gas hydrates. While there have been substantial advances in technology in recently, significant challenges remain, including resource assessment, techniques to determine reserves, and reservoir management issues (e.g., well spacing, role of horizontal wells, effects of various completion practices). This lecture will address the role and importance of unconventional resources, status of critical technologies required to assess and develop these resources, and major research needs of the industry. Some of the research that industry considers most important near-term has begun in the recently activated Center for Unconventional Resources in Texas A&M University’s Crisman Institute for Reservoir Management. Important research findings at A&M and elsewhere will be included in the lecture as they become available.

Biography:

Dr. W. John Lee is Director of the Center for Unconventional Resources in Texas A&M University’s Crisman Institute for Reservoir Management. He currently serves on the Peer Review Board of OilExec International, Ltd, and is a continuing education lecturer for SPE and for NExT. After receiving B.Ch.E., M.S., and Ph.D. degrees from Georgia Tech, Dr. Lee worked for the Reservoir Studies Division of Exxon Production Research Company from 1962 to 1968. His work focused on simulator reservoir studies of major Exxon reservoirs. Later he joined and eventually headed Exxon Company, U.S.A.'s, major fields study group, where he supervised integrated field studies of Exxon's largest domestic reservoirs. In 1975-76, he was Chief Reservoir Engineer for Exxon's Houston District. He joined Texas A&M University in 1977 and currently holds the Peterson Chair in Petroleum Engineering. He joined S. A. Holditch & Associates, Inc. in 1980 and retired as Executive Vice President in 1999. He is the author of three textbooks published by SPE, Well Testing, Gas Reservoir Engineering, and Pressure Transient Testing. He is a past member of the Board of Directors of SPE, and an Honorary Member of SPE and AIME. Dr. Lee was also elected to the National Academy of Engineering in 1993 and to Georgia Tech's first class of its Academy of Distinguished Engineering Alumni in 1994. He has received numerous awards from SPE, including the SPE Distinguished Faculty Achievement Award in 1982, the Reservoir Engineering Award in1986, the John Franklin Carll Award in 1995, the Lucas Medal in 2003, and the DeGolyer Distinguished Service Medal in 2004.

April 2006 – LNG – What’s Happening and Why!

The Liquefied Natural Gas (LNG) industry is growing strongly. In addition to the traditional markets of Japan, Korea and Taiwan there is increased LNG import activity into the USA, Europe, China and other regions. This is a capital intensive industry requiring long lead-times and special contractual relationships between sellers and buyers. The technologies are undergoing change and improvement, the LNG tankers are becoming more numerous and larger; LNG import terminals are appearing in many new countries and indeed the previously-used commercial arrangements are evolving. Base-load plants are being constructed in new countries and the traditional LNG supply-demand pattern is becoming increasingly complex. This presentation illustrates key developments in the world of LNG. Important changes in the trade, required investment levels and the technology are described in this rapidly growing business

Biography:

John Morgan is based in Denver, Colorado and is President of John M. Campbell & Company with more than 35 years experience. His oil industry career began in the Canadian Athabasca Tar Sands and has encompassed responsibilities in the design, start-up and troubleshooting of oil & gas facilities. He has published extensively on sour gas treating, LNG training, sulfur recovery, CO2 EOR and treating, materials of construction, and cryogenic gas processing. He consults for both North American and International clients. He performs training in LNG, oil & gas production facilities and gas plants around the world. He is very active in industry activities including membership of the Editorial Review Board of the Gas Processors Suppliers Association and the Advisory Committee of the Laurance Reid Gas Conditioning Conference and was formerly an Adjunct Professor of Petroleum Engineering at the Colorado School of Mines. Mr. Morgan holds a B.Sc. in Chemical Engineering from London University, England, an M.E. in Chemical & Petroleum Refinery Engineering from Colorado School of Mines, USA, and is a Registered Professional Engineer in Colorado.