May 20, 2009


Description

An Unconventional but Definitive Analysis of a
South Texas Field’s Production Improvement
 
 
Production results from operational or capital investments are often difficult to quantify due to a field’s decline and other factors that introduce variability into the data.  This was the case for a series of operational improvements in a tight gas field comprising 80 predominately marginal wells in a mature South Texas producing area.  Tackling this evaluation challenge using a set of statistical tools not commonly applied in the upstream oil and gas industry yielded a definitive assessment of the success of the investments.  The use of these statistical software tools eliminated a lot of the uncertainty inherent in traditional production and decline curve analysis techniques in assessing the success of the operational changes that were being employed.  One of the things the model identified was the viability of improvement resulting from a reduction in production variation as opposed to looking exclusively for production increases.

The application of these statistical methods for analyzing data, particularly in marginal, mature producing areas will be described.  It will also be demonstrated how these methods can be employed to address a number of oil and gas engineering, operations, production and financial issues.
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Please pre-register if you plan to attend. Walk in registrations on the day of the meeting will be accepted for a limited number of seats based on the number of pre-registered attendees.

Thank you.

Featured Speakers

Speaker Rodney Schulz
Consultant Rodney Schulz is a consultant and recently retired senior reservoir engineer from a major oil company.  His reservoir engineering experience spans five different regions of North America.  He has also worked in production engineering, drilling engineering, operations, and in a number of finance positions.  He has a BS degree ...


Consultant
Rodney Schulz is a consultant and recently retired senior reservoir engineer from a major oil company.  His reservoir engineering experience spans five different regions of North America.  He has also worked in production engineering, drilling engineering, operations, and in a number of finance positions.  He has a BS degree in petroleum engineering from the University of Kansas and an MBA from Duke University.  His professional society experience includes: vice chairman of the Corpus Christi Gas Processors Association, secretary-treasurer of the Alaska Well Logging Society, and currently secretary of the SPE GCS Westside Study Group.

Full Description



Organizer

Phil Sullivan


Date and Time

Wed, May 20, 2009

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

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

The WestLake Club - Carriage Room

570 WestLake Park Blvd
Houston, Texas 77079