Conference Day One | Wednesday June 19, 2019

Ron Harrell,
Chairman Emeritus,
Ryder Scott

8.30              Chair’s Opening Remarks

Dr. John Lee,
Professor of
Petroleum
Engineering,
Texas A&M
University

8.40

Keynote: What Can We Learn from Recent Over-Estimation Concerns to Improve Future Long-Term Well Production Forecasts

• Modeling for faster-than-expected rises in the GOR as production increases
• Reviewing the geological and operational circumstances that influence well performance
• Incorporating production data and implementing best practices to avoid future overbooking of reserves

Brent Haas,
Vice President of
Engineering,
R Lacy

9.10

Case Study: Optimizing Well Spacing Using Modern Understanding of Parent-Child Relationships in the Haynesville

• Reviewing the empirical data on density drilling to date in the Haynesville
• Investigating patterns to better understand the impact of bringing child wells online

Duc Lam,
Founder,
Unconventional
Subsurface
Integration

9.50

Physics Based Forecasts: The Future of Unconventional Reserves Estimation

10.20  Morning Refreshments & Speed Networking

Kenneth E
Richison,
Senior Reservoir
Engineer,
Black Stone
Minerals

11.20

Case Study: Analyzing Modern Completions in Over-Pressured Natural Gas Reservoirs

• Using old equations in today’s analysis, such as back pressure, pseudo pressure, Ramagost, formation compressibility and Darcy’s linear flow
• Validating reservoir simulation models using history match examples
• Generating gas, condensate and water production forecasts for horizontal completions

Thad Toups,
President,
Hass Petroleum
Engineering
Services Inc

12.00

Think of the Children! Examining Parent-Child Relationships in the Permian

• Inspection of some key well density tests in the Permian Basin
• Investigation of spacing effects on time to boundary dominated flow and ultimate well recoveries
• Discussion of reserves classifications as the industry down spaces

12.15 Lunch

Chigozie
Aniemena,
Reservoir
Engineer,
BPX Energy

Allen LaBryer,
Corporate
Reserves
Engineering
Manager,
BPX Energy

1.15

Compensating for Limited Data through Integration of Geoscientific Principles

• Understanding the physical principles needed to obtain a reliable forecast: moving beyond purely statistical methods towards non-judgement oriented RTA models
• Incorporating subsurface variables from reservoir simulations, such as trap design, thickness, saturation, pressure, cluster/stage spacing and profit loading
• Applying operational data from nearby long-running wells to improve reliability of future estimates
• Generating type wells with less than a year of work history

Jim DuBois,
Industry
Consultant,
Aucerna

Alfredo
Yaguaracuto,
Staff Reservoir
Engineer,
Middle Fork
Energy Partners

Elizabeth
DeStephens,
VP Reserves &
Corporate
Development
California Resources
Corporation

Mike Snyder,
Reservoir Engineer,
Covey Park Energy

1.55

Panel Discussion: Integrating Operational Data & Improvements into Reserves Estimation

• Including economic inputs such as operating costs and forecasts and capital expenditure
• Closing the gap in the database and analytics knowledge necessary to include operational data in forecasts
• Incorporating operating data: pressure on wells and separators, downstream pipeline pressures, fracture conductivity
• Managing the impact of technology advancements on reserves and production forecasts

2.35 Afternoon Refreshments

Ace Alexander,
Managing
Director
– Engineering,
Constellation
Energy

3.00

Improving Pricing Forecasts using Commodity Pricing Fundamentals

• Incorporating market and pricing trends in production forecasting: key principles for reliable predictions
• Understanding the impact of OPEC and Russia, and the impact of your project on global oil and gas prices
• Preparing for and mitigating the impact of swings in local commodity prices

SEC Speaker
Invited

3.40

SEC Presentation: Identifying Trends in Reserves Reporting & Future Concerns for Enforcement

• Assessing when new technologies produce reliable enough results to book as a reserve
• SEC Enforcement priorities for oil & gas industry reporting and examples of enforcement actions
• The importance of effective internal controls over proved reserves reporting
• Comments and issues from the 2018 filing season

4.20 Chair’s Closing Remarks

4.30 Close of Day One