General Meeting: Incorporating Numerical Simulation into Your Reserve Estimation Process: A Practical Perspective

Speaker: Dean Rietz, President, Ryder-Scott Petroleum Consultants
Speaker Dean Rietz, President, Ryder-Scott Petroleum Consultants
  Dean C. Rietz, P.E., is President and a member of the board of directors at Ryder Scott Company. He has over 30 years of diverse experience in evaluating oil and gas properties, including more than 25 years applying numerical modeling approaches to these evaluations.  Prior to his current position, ...

 


Dean C. Rietz, P.E., is President and a member of the board of directors at Ryder Scott Company. He has over 30 years of diverse experience in evaluating oil and gas properties, including more than 25 years applying numerical modeling approaches to these evaluations. 


Prior to his current position, he managed the Ryder Scott Reservoir Simulation Group for approximately 15 years.  Before joining Ryder Scott in 1995, Rietz worked at Chevron Corp., H. J. Gruy and Associates, and Intera Technologies, Inc.  He received a B.S. in petroleum engineering from the University of Oklahoma and an M.S.in petroleum engineering from the University of Houston. 


His past teaching experience includes in-house material balance schools at Chevron and Eclipse simulation user courses at Intera.  Currently, Rietz teaches a two-day SPE simulation course and is an adjunct professor of reservoir simulation at the University of Houston.  Mr. Rietz has published various papers related to reservoir modeling, including its application to reserves reporting.  Rietz is a registered professional engineer in Texas and serves on the Petroleum Engineering Advisory Board for the University of Houston.


 

Full Description

 

ABSTRACT of Presentation

 

This presentation will highlight some of the important facets one should consider when applying numerical simulation methods to use for, or augment, oil and gas reserve estimates.  The main 'take away' will be an appreciation of the areas in which to focus so as to arrive at meaningful and defendable estimates of oil and gas reserves that are based on reservoir models.

Reservoir simulation is a sophisticated technique of forecasting future recoverable volumes and production rates that is becoming commonplace in the management and development of oil and gas reservoirs, small and large. 

Calculation and estimation of reserves continues to be a necessary process to properly assess the value and manage the development of an oil and gas producer’s assets.  These methods of analysis, while generally done for different purposes, require knowledge and expertise by the analyst (typically a reservoir engineer) to arrive at meaningful and reliable results. 

Increasingly, the simulation tool is being incorporated into the reserves process.  However, as with any reservoir engineering technique, certain precautions must be taken when relying on reservoir simulation as the means for estimating reserves.  

 

 

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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.

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:
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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, Apr. 13, 2017
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.
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Where?

PETROLEUM CLUB (NEW LOCATION), 35th Floor, TOTAL Building
1201 LOUISIANA STREET, 35th Floor
Houston, Texas 77002
United States

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