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Assessment of Forecast Uncertainty in Mature Reservoirs

Subscribe to the video podcast The 2007–08 SPE Distinguished Lecturer Program emphasizes current industry trends, challenges, and technology. Jorge Landa has been chosen as one of the Distinguished Lecturers for this program year.  Jorge Landa is a senior adviser in reservoir engineering with Chevron Energy Technology. His work experience before joining Chevron includes 15 years with Halliburton. Landa earned MS and PhD degrees in petroleum engineering from Stanford University and a mechanical engineering degree from Universidad de Buenos Aires. He has written 14 papers in the areas of history matching, uncertainty assessment, well testing and data integration in reservoir characterization. Facing the current challenge of oil industry, modern and efficient reservoir management is necessary. Making the right decision of reservoir development utilizing all available data in a timely manner is the key of successful operation. For mature reservoirs, this requires high …


Chairman's Corner March 2008

GOT HELP? Enrollments are up in almost all petroleum engineering departments across the country and K-12 outreach programs like those conducted here in the Gulf Coast Section are stimulating increased interest for future engineering and geosciences students. However, the growth of one of the most important components of attracting and retaining students in our profession is lagging – internship programs. Summer internship programs serve many vital functions, especially providing the students real-world application and thus greater understanding of their rigorous classroom work. This makes them better students, motivates them to continue, and enhances their interest in our industry. I am sure many of you can testify to this fact. In turn, our companies receive better-trained graduates who make a rapid transition from student to productive engineer or geoscientist. Not to mention the very valuable work product they can offer during their internship! Many larger companies in the …


Then and Now - March 2008

Note: if you are looking for the March 2008 Chairman's Corner article, Look here http://www.spegcs.org/en/art/?700 March 1958 Who were the top 3 refiners in the U.S. in 1957? Shell, Gulf, Texaco? Nope….Standard Oil of New Jersey, Standard Oil of Indiana, and Socony. Drilling permits are approved on the edge of downtown Los Angeles; on the Los Angeles Country Club; adjacent to the 20th Century Fox movie lot; but, alas, not in Hollywood. Plans are announced for the formation of a jointly-owned company that will store and ship liquid methane to Europe. The company will be named Constock and will be jointly owned by Continental Oil and the Chicago Stockyards. (A marriage of two companies accustomed to handling H2S.) For the first time, the field prices for natural gas in all producing areas become available. The average base price ranged from …


SPE-GCS Member Rey Saludares honored as Young Engineer of the Year

Houston Business Journal publishes list of Engineers of the Year including Rey Saludares as the 2008 Young Engineer of the Year.


2008–09 SPE GCS Board Positions Selected

The SPE Gulf Coast Section board of directors approved the following slate of officers and directors as nominations for 2008–09 at the December board meeting. According to SPE GCS bylaws (see Governance under About SPE GCS on www.spegcs.org), this slate will stand as elected unless an alternative candidate is put forth by February 15. If a petition for an alternative candidate is signed by 100 active SPE GCS members, an election will be held at a meeting in May with at least 50 active SPE GCS members present. Other 2008–09 open board positions will be appointed by the incoming section chair. The slate was recommended by the Nominating Committee which received guidance from the Succession Planning Committee. Nominating Committee Roger Hite, Immediate Past Chair Jane Moring, Secretary Mark Peavy, Vice Treasurer Claude Thorp, Membership Succession Planning Committee Roger Hite, Immediate …


Chairman's Corner February 2008

We're a Sporty Group Here we are in the dead of winter, and, of all things, I want to talk about golf, tennis, and shooting. Of course, in Houston our winters are not really very “dead,” we are fortunate to get the chance to participate in these and other outdoor activities almost all year long. I would like to highlight those special SPE GCS events that take us outside and give us the chance to socialize with our fellow SPE members while also enjoying one or more of our hobbies. Social interaction is an explicit component of the Gulf Coast Section’s by-laws, mission statement, strategic plan, and three-year plan. While certainly every study group meeting, continuing education course, workshop, or conference you attend in the GCS has a social component, the sporting events are usually what we refer to when …


SPE- GCS in Chronicle Article about Women Engineers

Members of SPE-GCS were featured in a November 11, 2007 article of the Houston Chronicle. The changing profile and roles of women in engineering were highlighted. Read about the article on the web at http://www.chron.com/class/jobs/industries/engineering/7.html Members Rebecca Gallagher, Tracy Jones and others were featured as they talked about the advancement opportunities and successes they have worked towards in engineering. Engineering and energy companies and associations are recruiting more women and women continue to gain leadership roles and give back to the community. Read more at the link above! Congrats ladies!


Then and Now - January 2008

January 1958 Midcontinent refiners register concern over reports that foreign oil is being moved up the Mississippi River by barge to be refined in Memphis. Superior Oil Co. management reports receiving a contract to sell 10,000 bbl/day of its Lake Maracaibo crude to customers in the United States. Richfield develops a punch card database for all of its California wells, thus moving to the next level in data retrieval. (OK. How many of you can remember doing your programming with punch cards? Remember, it was back during the "fountain pen" era.) Who will be the oil legislation "movers and shakers" in the 1958 Congress? Would you believe Senator J.W. Fulbright, author of the gas bill and chairman of the senate banking committee, and Representative Wilbur Mills, chairman of the House Ways and Means Committee. Both come from the state of …


Then and Now - December 2007

December 1957 If you are inquisitive, sleuthful, determined, sneaky, can keep a secret, have the gift of gab, and coincidentally expensive tastes, what might your career path be in today’s E&P organization? That’s right…a landman. Things were not always quite so lucrative for their predecessor…the lease broker. Witness the following testimonial from a South Texas lease broker circa 1957. “Starting out with $1,000, which I saved from my former work during the First World War, I built it up after 38 years to about $1,000. A farm bought primarily for the mineral gamble and a few mineral or royalty interests that pay anywhere from 1 cent to as much as $20 per month, cost me $1,000 total. So there you have my balance sheet after 38 years as a lease broker. Maybe some day I will get my money back.” …


Ronald Harrell - Distinguished Lecturer Series - Podcast

PETROLEUM RESERVES ESTIMATES - WHERE WE HAVE BEEN, WHERE WE ARE, AND WHERE WE APPEAR TO BE HEADED. Global events from Baghdad to Beijing and from The Hague to Houston over the recent past have ignited worldwide interest on oil and gas reserves. This renewed, expanded attention has clearly illustrated that the term “reserves” is widely misunderstood and abused – sometimes by individuals and/or organizations that should know better. This presentation clarifies what the term “oil and gas reserves”