May 14, 2013


Description

Beginning with a definition of petroleum economics and reserves, this discussion will attempt to explain why so much emphasis is placed on running economics.  Also included will be an introduction into the following topics:

 

1.)    Definition – Economic Model

2.)    Discuss Cash Flow Calculations and its components.

3.)    What are “Fiscal” Systems – What Does This Mean?

4.)    What in the @#% is Discounting and Why?

5.)    What are the Key Economic Indicators for Decision Making?

6.)    Why All of the “Sensitivities”?

7.)    Why not just use an Excel Spreadsheet for economics calculations?

8.)    How Does ARIES Fit In?

9.)    What is a database and why use one in ARIES?

10.) What is Decline Curve Analysis and how is it used? 

11.) Have you ever used the Batch Macro for Running Sensitivities? – Let’s show and example.

12.) Have you ever run Incremental Economics? – Let’s show an example.

 

At the end of this discussion, the floor will be open to general and advanced questions.


Featured Speakers

Speaker Mike Boothe, Technical Advisor (Engineer), Halliburton
Over 38 years of experience in Production and Reservoir Engineering activities focused primarily on mature fields.  My career with operating companies included assignments as a production and reservoir engineer on onshore and offshore projects from pre-drill planning through field operations and production optimization to economics and reserves booking.  Extensive experience ...

Over 38 years of experience in Production and Reservoir Engineering activities focused primarily on mature fields.  My career with operating companies included assignments as a production and reservoir engineer on onshore and offshore projects from pre-drill planning through field operations and production optimization to economics and reserves booking.  Extensive experience generating US petroleum economics results for allocation of investments, reserves determination and acquisition and divestiture projects. 

Full Description



Organizer

Marci Nickerson

If you have any dietary requirements, please advise. 


Date and Time

Tue, May 14, 2013

11:30 a.m. - 12:45 p.m.
(GMT-0500) America/Chicago

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

SHERATON BROOKHOLLOW

3000 North Loop
Houston, TX 77092
USA

610 North Loop & TC Jester



Group(s): Petro-Tech