Friday, August 22, 2014

Tuesday, 13 August

Tuesday, 26 August

Topical Breakfasts

7:00 AM–8:15 AM | Colorado Convention Center | $35 per person

The Global Shale Revolution: Can We Improve on the North American Experience, Even in North America

David Paddock, Worldwide Geophysical Technical Advisor, Schlumberger Unconventional Resources

Shale exploration is growing dramatically on every continent. Many operators are committed to maturing their understanding and producing resources with smaller footprints than has been the case in the United States. Establishing economic viability, optimizing pilot well locations, evaluating acreage, optimizing landing / drill well design / fracking, and optimizing production all present opportunities to reduce capital and time. With a modest bias toward the geoscientist’s view, examples in this presentation show how better results can be achieved with less.

Cha-Ching: It’s All About the Markets

Michelle Michot Foss, Chief Energy Economist and Program Manager, Bureau of Economic Geology’s Center for Energy Economics, The University of Texas at Austin

Oil and gas markets are particularly dynamic and volatile, with implications especially for unconventional resource plays and projects. This breakfast discussion will focus on short- and long-term factors and drivers impacting the suite of hydrocarbon commodities and indicators of forward patterns and trends.

When Technical Competence and Collaboration Aren’t Enough — Why Projects Unexpectedly Fail and What We Can Do About It

Creties Jenkins, Partner, Rose and Associates

Why is it that some companies have made billions of dollars in unconventionals while others have lost billions? Part of the answer is rooted in technical competence and collaboration, but other factors, particularly cognitive biases, cause companies to create unrealistic expectations and disregard the real possibility of failure. This talk, richly-illustrated with examples, examines how and why we’ve stumbled and provides some recommendations for doing a better job of quantifying uncertainty, risk and results for our unconventional projects.

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Wednesday, 27 August

Topical Breakfasts

7:00 AM–8:15 AM | Colorado Convention Center | $35 per person

Characterizing Shale Plays — The Importance of Recognizing What You Don’t Know

Brad Berg, Reservoir Engineering Manager for U.S. Onshore Exploration, Anadarko Petroleum Corporation

Unconventional resource plays typically exhibit much more uncertainty in individual well performance than conventional reservoirs, particularly during the exploration drilling phase when one has relatively few wells on which to base decisions. A systematic approach to understanding and managing this uncertainty can be used to address key questions during this phase, including “how many wells do I need to drill before I have confidence in the results?” and “does the well performance I’ve seen to date provide the encouragement needed to keep drilling?”. Understanding this uncertainty in well performance, and planning for it, will lead to more efficient exploration activity and better informed decision-making.

What Have We Learned About Fracturing Shales After 12 Years Of Microseismic Mapping?

Shawn Maxwell, President and CTO, IMAGE: Itasca Microseismic and Geomechanical Evaluation 

Effective hydraulic fracture stimulation is critical for shale development and Microseismic is the only technology able to map the growth of these hydraulic fracture networks. Since the advent of commercial mapping in the Barnett Shale in 2000, Microseismic has been used to investigate hydraulic fracture treatments around the globe. Microseismic images of complex fracture networks have fundamentally changed the conceptual view of hydraulic fractures and offer promise to estimate the effective propped volume of the fracture network.

Why Look at Rocks? Integrating Qualitative and Quantitative Approaches for a More Predictive Understanding of Reservoirs

Kitty Milliken, Senior Research Scientist at the Bureau of Economic Geology in the Jackson School of Geosciences, University of Texas at Austin

This talk will examine how the “soft” qualitative approaches to rock description can be combined with “hard” quantitative measurements to yield rock-property models of considerable predictive value. Historical examples from conventional reservoirs will be contrasted with our rapidly evolving understanding of fine-grained sedimentary systems. There is great opportunity for combining qualitative and quantitative approaches in the quest to gain predictive powers over unconventional reservoirs.

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