Feb. 18, 2021


Description

One of the characteristics of the Shale Revolution in the United States has been the multitude of small and medium-sized independents that took part in it.  These companies, while punching far above their weight and potentially offering substantial returns, usually do not have the technical resources of the Majors, and they often operate on tighter timelines with looming drilling commitments.  Consequently, a substantial amount of capital has been invested with relatively sparse and sometimes low-quality data, where the most important variables have to be inferred, often with appreciable error bars. Technical teams must do their best with what they have to build a picture of the reservoir they are thinking of acquiring or investing in. This presentation explores this process and sheds some light on the traps and difficulties encountered along the way. We present a synthetic – but realistic – case where the “butterfly effect” of assumptions can be appreciated; small differences at the beginning of the process can lead to vastly different development plans down the line. We conclude with three real cases drawn from public data.

 
 
 

Featured Speakers

Speaker: Manuel Cossio (Senior Reservoir Engineer, Stronghold Resource Partners)
Speaker Manuel Cossio (Senior Reservoir Engineer, Stronghold Resource Partners)

Manuel Cossio is a Senior Reservoir Engineer at Stronghold Resource Partners. His current role centers on the subsurface evaluation and asset appraisal of unconventional plays, with a focus on analytics and numerical methods.   He previously spent 7 years at Pioneer Natural Resources in various reservoir roles, with the last 5 …

Manuel Cossio is a Senior Reservoir Engineer at Stronghold Resource Partners. His current role centers on the subsurface evaluation and asset appraisal of unconventional plays, with a focus on analytics and numerical methods.   He previously spent 7 years at Pioneer Natural Resources in various reservoir roles, with the last 5 years in the Permian Asset Team working on subsurface strategy, business development, reservoir simulation and enhanced oil recovery. Manuel has a BS in Aerospace Engineering from Imperial College London (2006), an MS in Petroleum Engineering from Texas A&M University (2012) and is currently pursuing an MS in Computer Science from UT Austin.

Full Description



Organizer

Prithvi Singh Chauhan


Date and Time

Thu, Feb. 18, 2021

11 a.m. - 12:15 p.m.
(GMT-0500) US/Central

Pricing

Event has ended

Location

Webinar



Group(s): Reservoir