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.
Instructor: Bob Shoup, Chief Geologist, Subsurface Consultants & Associates, LLC Optional Short Course
Instructor: Dr. W. John Lee, PhD, Professor, Texas A&M University Optional Short Course
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.
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.
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).
800 Sorella Ct, Houston, TX 77024 Reservations: +1 713 429 1172
The Moran Hotel is connected to the Norris CityCentre
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Houston Memorial – CityCentre 10500 Katy Freeway, Houston, TX 77043
Distance to Norris CityCentre: .3miles / 5 min drive Not walkable
Contact Aubrey Tinney for assistance at +1 713 821 3900 or email Aubrey at [email protected]
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Ethics luncheon attendees will receive a certificate for one PDH in ethics.
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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.