Oct. 8, 2013


Description

The growth of unconventional oil and gas activity in North America is hard to overstate. Shale-related oil and gas drilling activity now dominates North American rig counts and capital expenditures. Gas production in North America from all unconventional sources (tight sands, coal bed methane and shale gas) represents more than half of all production with shale gas representing more than 25% of domestic production. The contribution from shale gas has reversed the production decline and kept North American gas prices low. Liquids production from shales have also reversed domestic decline and are the current hotbed of activity.

 Reserves and production from shales are sufficiently large that they compete with deepwater projects in attractiveness. This presentation compares the economics of unconventional drilling projects with deepwater and conventional international oil exploration and development projects. Comparably sized total projects (100 and 250 million BOE) for each project are analyzed with typical costs, timing, net cash flows and economic results illustrated. The net cash flow profiles of each project along with other risks, similarities and differences are illustrated.

 


Featured Speakers

Speaker: Dr. D. Nathan Meehan
Speaker Dr. D. Nathan Meehan
Dr. D. Nathan Meehan has more than 37 years of global experience in reservoir engineering, reserve estimation, hydraulic fracturing and horizontal well expertise. He currently serves as Senior Executive Advisor to Baker Hughes’ executive management. Previously he served as president of CMG Petroleum Consulting, an independent consultancy firm providing petroleum …

Dr. D. Nathan Meehan has more than 37 years of global experience in reservoir engineering, reserve estimation, hydraulic fracturing and horizontal well expertise. He currently serves as Senior Executive Advisor to Baker Hughes’ executive management. Previously he served as president of CMG Petroleum Consulting, an independent consultancy firm providing petroleum engineering services to major, independent and national oil companies, and oilfield service companies; Vice President of Engineering for Occidental Oil & Gas; and General Manager Exploration & Production Services for Union Pacific Resources.


 Dr. Meehan earned his BSc degree in Physics from the Georgia Institute of Technology, his MSc degree in Petroleum Engineering from the University of Oklahoma, and his PhD degree in Petroleum Engineering from Stanford University. Dr. Meehan previously served as Chairman of the Board of the CMG Reservoir Simulation Foundation and a Director of the Computer Modelling Group, Ltd., as Director of Vanyoganeft Oil Company, Nizhnyvartosk, Russia, as Director of Pinnacle Technologies, Inc., as a Director of the Society of Petroleum Engineers and as a Director of JOA Oil & Gas BV. He is the recipient of the Lester C. Uren Award for Distinguished Achievement in Petroleum Engineering and the Degolyer Distinguished Service Medal from the Society of Petroleum Engineers. Dr. Meehan is a licensed professional engineer in four states and recently returned from an eighteen month humanitarian service mission in Asia.

Full Description



Organizer

Matthew Strom

Office: (281) 618-7848


Email: matthew_strom@swn.com


Date and Time

Tue, Oct. 8, 2013

11:30 a.m. - 1 p.m.
(GMT-0500) America/Chicago

Event has ended

Location

Greenspoint Club

16925 Northchase DR.
Houston, Texas 77060
United States



Group(s): Northside