April 9, 2024


Description

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The purpose of this study is to help industry practitioners learn how to get the most benefit from attending technical conferences (organizing attendees to participate in the highest impact talks, maximizing vendor interactions, and using data analytics to identify prevailing technology trends and research partnerships). Using the SPE/AAPG/SEG Unconventional Resources Technology Conference (URTeC) as a case study, we illustrate a systematic approach to gather useful competitive intelligence information and communicate findings from a technical conference to various internal stakeholders (business units, research, laboratory). We utilize a hybrid approach involving statistical data mining and soliciting curated input from subject matter experts during the conference life-cycle (before, during, after).  Our approach relies on easy-to-use templates for practitioners to apply the methods described in this paper.  Broadly, our process flow is: (1) Identify important talks (2) Ensure proper attendance levels to cover key talks but not overload people (3) Synthesize the most important technical content (automated and human-derived) (4) Balance stakeholder needs (business versus centralized researchers) (5) Use data mining/data analytics to discover key technology and partnerships trends (6) Disseminate condensed learnings for business consumption. We found that our systematic approach maximized the value of attending URTeC with respect to the significant people-hours and direct financial costs invested in the effort because it simplified an otherwise unstructured and overwhelming effort (akin to herding cats) into a series of smaller more manageable decisions to enable a coherent dissemination of technical information to the business. Based on 5+ years of organized competitive intelligence gathering at URTeC, we recommend giving attendees (especially business and laboratory) more flexibility to interact with vendors/speakers.  We resisted the temptation to “over-book” attendees with assigned talks and allowed almost two-thirds free time to capitalize on “day of” opportunities.  The tangible outcomes of our “playbook” include the following: (1) Dominant technical topics (via text data mining) and their evolution through time (2) Paper “market share” plots vs time to track overall industry participation levels and identify the dominant conference participants (3) Affiliation mapping to identify partnerships (IOC’s, universities, service companies, independents) (4) Efficient scheme to manage personnel time (w/ different objectives and priorities) (5) Communicating company benchmarking for key technology topics (value versus relative skill against competitors) (6) Templates/procedures that could be adapted for other technical conferences.  We believe strategic coordination of conference attendance will benefit the broader industry and that sharing our URTeC “playbook” can aid companies in developing and improving their own conference participation.  Increased budgetary scrutiny has encouraged streamlining of conference participation for competitive intelligence analysis. Our personal experience affirms the value of integrating partners such as library science professionals with technical experts for formal upstream technology benchmarking and competitive intelligence gathering via technical conferences.

 


Featured Speakers

Speaker: MIchael Cronin, Ph.D., P.E.
Speaker MIchael Cronin, Ph.D., P.E.

Michael Cronin works as a reservoir engineer in the deepwater Guyana team at ExxonMobil. He holds a PhD in Energy & Mineral Engineering from Pennsylvania State University, a master’s degree in Geological Sciences from the University of Texas at Austin, and dual bachelor’s degrees in Petroleum & Natural Gas Engineering …

Michael Cronin works as a reservoir engineer in the deepwater Guyana team at ExxonMobil. He holds a PhD in Energy & Mineral Engineering from Pennsylvania State University, a master’s degree in Geological Sciences from the University of Texas at Austin, and dual bachelor’s degrees in Petroleum & Natural Gas Engineering and Geosciences (with honors) from Pennsylvania State University, where he received the 2011 Eric A. Walker Award. Cronin is a member of SPE since 2009 and recipient of the 2019 Cedric K. Ferguson Medal, the 2021 SPE Regional Young Professional Member Outstanding Service Award, and is a member of the 2023 Offshore Technology Conference Emerging Leader Class. He is an advisor and former Editor in Chief for SPE The Way Ahead.  His technical interests include enhanced oil recovery in unconventional reservoirs, gas injection, phase behavior, applied analytical modeling, reservoir simulation, and development geology. He lives in Houston with his wife Susanna and their three children and is a licensed Professional Engineer in Texas.


 

Full Description

Speaker: Casey Kelly
Speaker Casey Kelly

Casey Kelly is a research librarian and analyst in the corporate library at ExxonMobil. She holds a Master of Science in Information Studies from the University of Texas iSchool, where she focused on business and competitive intelligence research. Since joining ExxonMobil in 2015, Casey has been utilizing her skills to …

Casey Kelly is a research librarian and analyst in the corporate library at ExxonMobil. She holds a Master of Science in Information Studies from the University of Texas iSchool, where she focused on business and competitive intelligence research. Since joining ExxonMobil in 2015, Casey has been utilizing her skills to conduct information research and analytics, including competitive intelligence for various teams in the company.


Over the last four years, Casey has also been actively involved in her profession as a member of the Petroleum Abstracts Industry Advisory Council of librarians. The council collaborates to organize an annual small conference, which Casey has been an integral part of. She is also a member of the Special Libraries Association and its Competitive Intelligence Community as the Conference Chair for 2024, being tasked with developing the CI programming for this year’s conference.

Full Description

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Organizer

David Traugott

david.traugott@nov.com ;  936-777-6204


Date and Time

Tue, April 9, 2024

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

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Location

Ovintiv Conference Room

4 Waterway Square Place
The Woodlands, TX 77380

Directions to Free Parking at Ovintiv; note - paid parking is also available in the parking tower directly across the street from Ovintiv.



 



Group(s): Northside