General Meeting: Guidance for Decision Quality for Multicompany Upstream Projects

Speaker: Craig McKnight, JD, CPA  - Retired Chevron Manager, Decision & Economic Analysis
Speaker Craig McKnight, JD, CPA - Retired Chevron Manager, Decision & Economic Analysis
  Craig McKnight recently retired as the Manager of Decision & Economic Analysis for Deepwater Exploration & Projects (DWEP) and Gulf of Mexico (GOM) business units for Chevron.  Headquartered in Houston, Craig was responsible for decision quality and economic analysis for exploration, appraisal, capital and technology projects in DWEP & ...

 


Craig McKnight recently retired as the Manager of Decision & Economic Analysis for Deepwater Exploration & Projects (DWEP) and Gulf of Mexico (GOM) business units for Chevron.  Headquartered in Houston, Craig was responsible for decision quality and economic analysis for exploration, appraisal, capital and technology projects in DWEP & GOM business units. 


He began his career in 1980 as an accountant and has held a variety of roles in Chevron including capital stewardship champion, international gas regional commercial manager – Latin America, International gas decision analysis team leader, planning manager, and executive staff.  He has also held positions outside Chevron as an investment banker, lawyer and tax specialist.


He is a member of the Society of Decision Professionals (SDP), the Decision Analysis Affinity Group and is a board member of the local Houston chapter of the SDP.  He was a co-author of the recently published technical paper on Decision Quality sponsored by Society of Decision Professionals & SPE.  He has taught commercial negotiations and decision analysis for many years.


Craig received an accounting degree from Sam Houston State University and became a CPA in 1985.  He received his law degree from South Texas College of Law in 1992, along with his law license.


 

Full Description

  ABSTRACT of Presentation

Regardless of oil price, large joint venture upstream projects have significantly underperformed on cost, schedule and production.  Smaller upstream projects have not fared much better. While there are a number of good books that go into some detail on reasoning focused principally on project management, poor decision quality played a very significant role in the underperformance.

Therefore, a group of experienced subject matter experts (SME's) from across the oil & gas industry worked collaboratively to develop a joint technical report focused on good decision quality. Additional industry input was obtained from a discussion session at SPE’s Annual Technical Conference and Exhibition in September 2015. The resulting technical report provides practical advice on the application of decision quality principles, which apply during all phases of a project’s life cycle, including exploration, development, and operational phases.

The group of SME's focused on “decision quality” as defined by the Society of Decision Professionals (SDP) in terms of a Decision Makers’ Bill of Rights. The focus of this report is on gaining alignment as much as understanding differences of the participants regarding the opportunity, alternatives, information, values, trade-offs, logical analysis and commitment to action.

Both SPE and SDP sponsored this effort requiring numerous meetings of the SME's to get to agreement.  Both SPE & SDP believe this technical report to contain very valuable information that should be shared broadly with our communities.

 

 
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SPINACH SALAD w/ RANCH DRESSING
MAPLE GLAZED SALMON
FRESH FRUIT SORBET 
 
 
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Registration & Walk-ins 

All attendees are encouraged to register and pay online for this event.  This is a more efficient means of registering for the event and enables the registration process at the meeting to move much faster.  Walk-in space is available on a seat-limited basis at a fee $5 more than the on-line registration fee.

PLEASE NOTE:  $5 has automatically been added to the registration price as a donation to the SPE-GCS Scholarship Fund.  If you would like to opt out of donating this amount to the SPE-GCS Scholarship Fund, please enter OptOut in the Discount Code field and click Check Discount to apply the code. The code is case sensitive. 

 

Parking for this event
 
The TOTAL Plaza building (1201 Louisiana Street across from the Houston Hyatt Regency Hotel) is connected to the downtown Houston tunnel system.  Using the tunnel system, those working downtown can walk to our meeting in air-conditioned comfort.
 
If you will drive to this meeting, the following summarizes available parking:
 Valet_parking_at_the_new_Petroleum_Club_location.jpg
The image above shows how to access the valet parking area at the new location of the Petroleum Club. Enter from Milam Street and exit onto Louisiana Street.  Parking fee for this valet parking is $15.
 
Surface parking lots are available to the south of the TOTAL Plaza building (between this building and the former EXXON Building), including one surface lot adjacent to the TOTAL Plaza Building - pay at meter (cost ~ $9).  Other surface lots in the area cost $8 - $9 and they frequently are full by mid-morning.
 
Parking is also available in the Hyatt Regency Hotel parking garage across the street.  Prices vary depending on time in the garage.  Cost for 2 hours of parking is $9.  Parking is also available via valet at the Louisiana Street entrance of the hotel.  Cost is $10. 
 
 
 
Organizer Barry Faulkner

Email: barryfaulkner@earthlink.net
Phone: (281) 627-8790 

When?

Thu, Oct. 13, 2016
11:30 a.m. - 1 p.m. America/Chicago

How Much?

A $5 donation for the SPE-GCS Scholarship Fund has automatically been added to the registration fee. Use OptOut in the Discount Code field if you do not wish to donate at this time.
Event has ended

Where?

PETROLEUM CLUB, 35th Floor, TOTAL Plaza Building
1201 LOUISIANA STREET
Houston, Texas 77002
United States

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