An important topic that has arisen in the last few months is rising gas-oil-ratios in liquid-rich reservoirs, notably in the Permian basin. Because of this issue and public claims that were made, the value of one stock dropped by about $7 billion in less than a day. Claims have often been based on bad technology.This issue, generally one that arises in ultra-tight volatile oil reservoirs, needs a thorough focus.
The morning will focus on the fundamentals, followed by case histories and practical examples of applying to datasets in afternoon. The day will finish by running through a workflow that you can take home and apply within your own organization.
What will be discussed:
Stuart Cox, Vice President - Reservoir Engineering, PetroEdge
David Fulford , Staff Reservoir Engineer, Apache Corporation
David Fulford is a Staff Reservoir Engineer, Exploration Evaluation, at Apache Corporation. He has 11 years of industry experience with Apache and, previously, Devon Energy. His current work focuses on portfolio modeling and project characterization for long-term capital guidance, which incorporates production surveillance, stochastic modeling, risk & uncertainty quantification, and estimation de-biasing & calibration. Fulford is a member of the Society of Petroleum Engineers (SPE), Society of Petroleum Evaluation Engineers (SPEE), and Society of Decision Professionals (SDP).