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|AAPG Members||$1,795||$1,995||Non Members||$2,095||$2,295|
Tools and Techniques for Unconventional Assessment and Decision-Making
- INSTRUCTOR S :
- Bill Haskett and Patrick Leach, Decision Strategies Inc., Houston, TX
- October 17 - 18, 2013
- Norris Conference Center, City Centre Location, Houston, Texas
(if purchased individually)
Registration for the entire week is $1,795 for members, $2,095 nonmembers. Goes up to $1995/$2295, and/or individual course prices increase by $50/course day on 9/16/2013. Course notes, refreshments and lunch buffet included.
No refunds for cancellations after 9/16/2013
- 1.5 CEU What is a CEU?
Who Should Attend
This course is appropriate for Earth Scientists, Engineers, Technicians, and Operations professionals and their management. Several tools will be discussed and provided during the course. As such, participants are encouraged to bring Windows based laptops with a recent version of Excel to the course.
This course is designed to provide the participant with a working knowledge of the tools and techniques vital to the successful exploration, development, and operational phases of unconventional plays. Three main aspects of our work may be boiled down to the evaluation of opportunities and potential, decision making given uncertainty, and efficient project management. We shall take journey through practical tools, techniques and concepts that are immediately applicable to current projects, and vital to the success of any integrated team approach to unconventional opportunity.
Unconventional exploration and development has broadened the scope of work of both the professional Earth Scientist and Engineer. When much of the value associated with an unconventional play is derived from exploration, assessment, and operational efficiency, an effective integrated team approach to our work is necessary for success. Earth Scientists are becoming more involved in the optimization of the appraisal and completion program, while Engineers are incorporating uncertainty management and rock mechanics into their tool-kit.
Topics to be covered include:
Evaluation of Opportunities
- Basics of sampling, assessment, and statistics
- Selection of appropriate P10-P50-P90 cases for economics and decision support
- Spotting Bias, improper assessment, and marketing fluff in project proposals and news releases
- Type Curve Generation
- From analogues
- From early data
- From base principles
- Pilot Optimization
- Decision Trees
- Value of information
- Perfect information
- Imperfect information
- Value of Control
- Concept of “Touch-Point” Management
- Fundamentals of Project Management and program planning
- Gantt Charts
- Pert Diagrams
- Understanding Critical Path and near Critical Path events
- Forecasting Cost and Schedule of Exploration and Development