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Petroleum Reserves and Resources Forum

Sponosored by: AAPG DPA – SPE OGRC

Tuesday, 21 May Wednesday, 22 May 2024, 8:00 a.m.–5:00 p.m.  |  Houston, Texas

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As the world heads toward what could be a significant shortfall in energy supply relative to demand, it is more important than ever for our industry to help stakeholders understand the contribution of the hydrocarbon sector in balancing that energy equation. To do that, the industry needs individuals who can find, exploit, and appropriately assess reserves and resources.

The AAPG DPA – SPE OGRC Petroleum Reserves and Resources Forum will help decision makers better understand the energy resource picture, and help interpreters and investors make more accurate reserve and resource assessments.

Keynote Speakers:
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Forum Sponsor
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Forum Sponsor
  • Herman Acuña, President, Ryder Scott
  • Peter Carragher, Managing Partner, Rose and Associates
  • Dr. Ron Harrell, P.E., Senior Advisor, RSK (UK) Limited and Chairman Emeritus of Ryder Scott Company
  • C. Susan Howes, PE, PHR, President, Subsurface Consultants & Associates, LLC and SPE Distinguished Lecturer
  • Creties Jenkins, Partner, Rose and Associates
  • Imre Kugler, Director of Upstream Research, S&P Global
  • Ha Ngyuen, Executive Director of Global Oil Markets, S&P Global
 
 
Monday 20 May, 2024
Resources and Reserves, A Geologic Perspective

Instructor: Bob Shoup, Chief Geologist, Subsurface Consultants & Associates, LLC
Optional Short Course

Tuesday 21 May, 2024
7:30 – 8:00 Coffee
8:00 – 8:25 Opening Remarks
Claudia Hackbarth, AAPG President
Theme 1: US and Global Resource Potential
8:25 – 8:30 Session Introduction
8:30 – 9:00 Domestic Outlook
Troy Cook, Senior Global Upstream Analyst, Energy Information Agency
9:00 – 9:30 USGS Assessment of World Conventional Resources: A Status Report
Dr. Christopher J. Schenk, Research Scientist, United States Geological Survey
9:30 – 10:15 Keynote 1: Global Energy Outlook
Ha Ngyuen, Executive Director of Global Oil Markets, S&P Global
10:15 – 10:40 Break
Theme 2: Unconventional Resource and Reserve Estimation and Reporting
10:40 – 10:45 Session Introduction
Jeff Aldrich, Principal Geoscientist, Sproule
10:45 – 11:15 An Integrated “Model-Based” Methodology to Construct Type-Well Profiles in Unconventional Reservoirs
Nima Zonoozi*, Vice President and Staff Engineer and Dr. Dilhan Ilk, Executive Vice President, DeGolyer & MacNaughton
11:15 – 11:45 Enhancing Unconventional Sweet Spot Analysis with Machine Learning and Improving the Ability to Predict Well Reserve Forecasts
Jeff Aldrich, Principal Geoscientist, and Ilia Chaikine, Petroleum Engineer, Sproule
11:45 – 12:30 Keynote 2: Quantifying Uncertainty and Risk in Unconventional Resource Assessment
Creties Jenkins, Partner, Rose & Associates
12:30 – 13:25 DPA - OGRC Reserves Forum Ethics Luncheon
12:30 – 12:45 Welcome Announcements
Bruce Falkenstein, DPA President and Dan Olds, Managing Senior Vice President, Ryder Scott and SPE OGRC
12:45 – 13:25 Keynote 3: Toolkit for Making Better Decisions when Faced with Ethical Dilemmas
C. Susan Howes, PE, PHR, President, Subsurface Consultants & Associates, LLC (SCA) and SPE Distinguished Lecturer
Theme 3: Reporting Qualifications and Standards
13:25 – 13:30 Session Introduction
Steve McCants, President, Rivercrest O&G LLC
13:30 – 14:15 Keynote 4:
Herman Acuña, President, Ryder Scott
14:15 – 14:45 Revisions to the SPE-Oil and Gas Reserves Committee Auditing Standards
Richard Krenek, Vice President, Netherland, Sewell & Associates
14:45 – 15:15 Mark Varhaug, Board Member, Texas Board of Professional Geoscientists
15:15 – 15:45 Certification and Reserve Evaluators – Closing of Day 1
Bruce Falkenstein, DPA President
15:45 – 16:30 Networking
Wednesday 22 May, 2024
7:30 – 7:45 Coffee
7:45 – 7:55 Opening Remarks
John Ritter, Senior Vice President - Reserves, Oxy Oil & Gas, Occidental Petroleum
Theme 4a: Reservoir Characterization and Risk Reduction
7:55 – 8:00 Session Introduction
Bob Shoup, Chief Geologist, Subsurface Consultants & Associates, LLC
8:00 – 8:45 Keynote 5: What is the P90 1C?
Peter Carragher, Managing Partner, Rose and Associates
8:45 – 9:15 TBD
9:15 – 9:45 Importance of Capturing and Communicating the Full Resource Potential
Jennifer Fitzgerald, Vice President, Corporate Reserves, Occidental Petroleum Corporation
9:45 – 10:10 Break
Theme 4b: Reservoir Characterization and Risk Reduction
10:10 – 10:15 Session Introduction
Margo J. Liss, Consultant
10:15 – 10:45 Getting the Maps Right: Garbage In – Garbage Out
Maria Ivanova, Vice President – Chief Geologist, Advantage Energy
10:45 – 11:15 Getting the Reservoir Right: Garbage In – Garbage Out 2
Bob Shoup, Chief Geologist, Subsurface Consultants & Associates, LLC
11:15 – 11:45 Geophysics in Reserve Assessment
Nancy House, Owner/Principal, Integrated Geophysical Interpretation Inc.
11:45 – 12:30 Keynote 6: Machine Learning in North American Unconventional Resource Estimation
Imre Kugler, Director of Upstream Research, S&P Global Commodity Insights with co-author Narmadha Navaneethan, Director of Upstream Research, S&P Global Commodity Insights
12:30 – 13:25 Lunch
12:30 – 12:40 Introductory Comments
Bob Shoup, Chief Geologist, Subsurface Consultants & Associates, LLC
12:40 – 13:25 Keynote 7: PRMS and JCORET, A Historical Perspective
Dr. Ron Harrell, P.E., Senior Advisor, RSK (UK) Limited and Chairman Emeritus of Ryder Scott Company
Theme 5: Reserve and Resource Reporting, The Investment Perspective – Panel Discussion
13:25 – 13:30 Panel Moderators
Bruce Falkenstein, DPA President
John Ritter, Senior Vice President - Reserves, Oxy Oil & Gas, Occidental Petroleum Corporation
13:30 – 15:00 Buying Deals
Richard Ball, Vice President of Geosciences, Tri-Star Group
  Selling Deals
Matt Dangel, VP Reservoir Engineering, Tri-Star Group
  Seeking Investment Perspective
Dr. Bill Fairhurst, President, Riverford Exploration
15:00 – 15:30 Panel Q&A
15:30 – 16:00 Closing Remarks
Dr. Med Kamal, PhD, Chevron Fellow Emeritus and SPE 2023 President
16:00 – 17:00 Networking
Thursday 23 May, 2024
Petroleum Resources Management System

Instructor: Dr. W. John Lee, PhD, Professor, Texas A&M University
Optional Short Course

 
Short Course
Houston, TX - SCA HQ
Monday, 20 May 2024, 8:00 a.m.–5:00 p.m.

This one-day class provides an overview of portfolio management, reserve and resource reporting and methods and best practices for assessing and risking reserves and resources. The course objective is to provide interpreters and managers with the knowledge needed to evaluate resources and reserves, minimize bias in defining uncertainty and risk so that they have a better chance of building a profitable portfolio of opportunities.

Instructor
instructor
Bob Shoup

Bob Shoup is the Chief Geologist for Subsurface Consulting &Associates LLC (SCA) and Director of Clastic Reservoir Systems. He is a Board Certified Petroleum Geologist with over 40 years’ experience in basin analysis, regional studies, new play generation, prospect evaluation, field studies, and project management. Bob began his career at Shell Oil in 1980; followed by four years working for private oil companies before becoming an independent consultant in 2003, consulting in Thailand, Malaysia, Vietnam, and New Zealand. In addition to consulting, Bob is an instructor for Subsurface Consulting and Associates where he teaches courses in basin analysis, prospect evaluation, subsurface mapping, map review, clastic depositional environments, and reserve estimation. Bob has also conducted peer and project reviews and map audits for a number of companies. Bob is a proven oil finder with a 46% exploration success rate and over 135 MMBOE discovered reserves.

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American Association of Petroleum Geologists (AAPG)
Short Course
Houston, TX - SCA HQ
Thursday, 23 May 2024, 8:00 a.m.–5:00 p.m.

This course summarizes the “Petroleum Resources Management System (PRMS) classification system. PRMS guidelines are compared to SEC reserves reporting rules which, at the option of the audience, are also covered in significant depth. The course also emphasizes guidelines for unconventional (low permeability) resources, which are underemphasized in the original (2007) PRMS document but have received more detailed coverage in the updated Canadian Oil & Gas Evaluation Handbook (COGEH) in a recent section on Reserves Other Than Resources (ROTR).

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American Association of Petroleum Geologists (AAPG)
 
 
AAPG Event Houston Texas United States 20 May, 2024 8:00 AM 5:00 PM 01 March, 2024
 
Short Course
Houston, Texas, United States
20 May 2024
Resources and Reserves, The Geologic Perspective

This one-day class provides an overview of portfolio management, reserve and resource reporting and methods and best practices for assessing and risking reserves and resources. The course objective is to provide interpreters and managers with the knowledge needed to evaluate resources and reserves, minimize bias in defining uncertainty and risk so that they have a better chance of building a profitable portfolio of opportunities.

Venue
SCA Office

Subsurface Consultants & Associates
10700 Richmond Ave #325
Houston, TX 77042

Instructor
instructor
Bob Shoup
Show more
AAPG Event Houston Texas United States 23 May, 2024 8:00 AM 5:00 PM 01 March, 2024
 
Short Course
Houston, Texas, United States
23 May 2024
Petroleum Resources Management System

This course summarizes the “Petroleum Resources Management System (PRMS) classification system. PRMS guidelines are compared to SEC reserves reporting rules which, at the option of the audience, are also covered in significant depth. The course also emphasizes guidelines for unconventional (low permeability) resources, which are underemphasized in the original (2007) PRMS document but have received more detailed coverage in the updated Canadian Oil & Gas Evaluation Handbook (COGEH) in a recent section on Reserves Other Than Resources (ROTR).

Venue
SCA Office

Subsurface Consultants & Associates
10700 Richmond Ave #325
Houston, TX 77042

Instructor
instructor
John Lee
Texas A&M University
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Petroleum Reserves and Resources Forum
Norris Conference Center
816 Town & Country Lane, Suite 210
HoustonTexas 77024
United States
(713) 590-0950
 
AAPG Special Lodging Rates
 
holiday inn in Houston

Holiday Inn Express & Suites
Houston Memorial – CityCentre
10500 Katy Freeway
Houston, TX 77043

Distance to Norris CityCentre: 11 miles / 15 min drive

Rate: Single/Double
$124 + 17% tax
Price Includes:
Parking
Breakfast Buffet
Pool
Wi-Fi
24hr Fitness
Booking Deadline:
29 April 2024
Contact:
Aubrey Tinney
+1 713 821 3900
[email protected]
 
 

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Educational Credits

Ethic luncheon attendees will receive a certificate for one PDH in ethics.

 
Margo J. Liss
Robert C. Shoup
Susan Nash, Ph.D. Director, Innovation and Emerging Science and Technology
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The American Association of Petroleum Geologists (AAPG) does not endorse or recommend any products and services that may be cited, used or discussed in AAPG publications or in presentations at events associated with AAPG.