SC02 Production Forecasts and Reserves Estimates in Unconventional Resources

Sponsored by SPE

Saturday, 18 June – Sunday, 19 June 2022, 8:00 a.m.–5:00 p.m.  |  Texas

Who Should Attend

The course will be particularly important for reservoir engineers interested in production forecasting in low permeability reservoirs using techniques that lead to the ability to forecast production for large numbers of wells in short periods of time. Other engineers, geoscientists, reserves analysts, and managers of low-permeability assets will also deepen their understanding of both appropriate and inappropriate forecasting techniques and how to select appropriate methodology.

Objectives

Fluid flow fundamentals, Empirical and semi-theoretical decline models including Arps, Fetkovich, Stretched Exponential, Power-Law, Transient Linear Flow, and Duong, Diagnostic plots for flow regime identification, pressure normalization of rate data, recommended workflow for pressure-rate-time production data analysis, Typical Well Production Profile (Type Well, aka Type Curve) construction

Course Content

This course will provide training in production forecasting and reserves estimation for low-permeability resource plays (such as shales) using simple, rapidly applied decline models favored by the industry for routine forecasting. Recommended methodology will be based on fundamental fluid flow theory rather than only on experience with different modeling techniques. The course will conclude with a comparison of decline models and a suggested workflow applicable to a wide variety of models and soundly grounded in fundamentals.

There are various ways to forecast production and estimate the size of unconventional oil and gas reservoirs. In this course, you will learn the strengths and weaknesses of each decline model and how to develop reliable forecasts.

Fees

Pricing:

Members $500

Non-Members $700

Students $250

Room Assignment

Online Presentation

Attendee Limit:

40 People

Educational Credits:

1.6 CEU

Fee Includes:

Digital Course Materials

2-day course with lecture

Access to SPE's Learning Management System

Class exercises and discussion

Venue

Online

Texas

United States

Website Map

Instructor

William Lee Texas A&M University, USA

W. John Lee holds the DVG Endowed Chair in petroleum engineering at Texas A&M University. Prior to this position, he held the Hugh Roy and Lillie Cranz Cullen Distinguished University Chair at the University of Houston’s petroleum engineering program from 2011 to 2015. Still earlier, Lee was a professor of petroleum engineering at Texas A&M from 1977 to 2011. He was the former executive vice president of S.A. Holditch & Associates, where he specialized in reservoir engineering for unconventional gas reservoirs. He served as an Academic Engineering Fellow with the US Securities and Exchange Commission (SEC) in Washington during 2007•2008, and was a principal architect of the new SEC rules for reporting oil and gas reserves.