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Light, Tight Oil in the Permian Delaware Basin: Recent Developments GENERAL MEETING P

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Light, Tight Oil in the Permian Delaware Basin: Recent Developments GENERAL MEETING P MAY 2014 CONNECTSPE GULF COAST SECTION NEWSLETTER Light, Tight Oil in the Permian Delaware Basin: Recent Developments GENERAL MEETING P. 11 High Performance NORM IN PRODUCED Ceramics WATERS: BASICS OF PERMIAN BASIN P. 21 PROBLEM AVOIDANCE WATER & WASTE MANAGEMENT P. 31 DATA-DRIVEN AND REDUCED ORDER MODELS IN 2014 SALARY SURVEY RESERVOIR SIMULATION HIGHLIGHTS RESERVOIR P. 28 PETRO-TECH P. 23 SPEGCS.ORGMAY 2013 1 SPE-GCS CONNECT CHAIR’S CORNER MIKE STRATHMAN 2013-2014 SPE-GCS Chair In May of each year the Gulf Coast Section has an Awards Banquet to recognize volunteers who have contributed to the many good projects that happened during the year. We welcome you to join us for the celebration the evening of May 27th, 2014 at the Rice Hotel. We are honored to have Ganesh Thakur, 2012 SPE President and Vice President, Global Advisor RM and Fellow of Chevron Energy as our featured speaker. We will be recognizing the young students who have received SPE scholarships to study in our industry, all the way up to Legion of Honor members who have been SPE members for 50+ years. This will be an inspirational and fun event. Please join us. Sign up on our website: www.SPEGCS.org. In March, we conducted a survey of members to better understand your Nearly 15% of the membership responded to the survey, which is very opinions about what we have been doing as a Section and what you good. We take that as enthusiasm for the Section, so thank you! For would like us to do. Thank you to all 1,748 members who completed those of you who shared opinions and ideas but are not currently ac- the survey and offered comments. They were very informative. The tive volunteers, I invite you to contribute your energy to help improve results were presented to the Board in April and various Committees and the services we deliver to you. At the end of my Chair’s Corner each Study Groups are now considering changes to better serve the membership. month, I invite you to contact me directly if you want to help – that I would like to highlight a few of the key comments we received. More offer still remains. complete results and charts are included in this Newsletter. Subash Kannan, Anadarko, will be the new Communication 1. TECHNICAL TOPICS – there was considerable interest in more Director for the coming fiscal year 2014-2015. His biographic information on shale, tight formations and fracturing. Many were happy details are included in this Newsletter. Subash, thanks for your with the current Study Group structure and offered several good topic ideas. continued service to the Gulf Coast Section. 2. “SOFT SKILLS” AND CAREER MANAGEMENT – the skills THOUGHT YOU SHOULD KNOW… it takes to be successful in the O&G industry go beyond technical Faculty Grant Applications will be due May 15th, 2014. SPE supports engineering, and careers seem to be changing more than ever. Not faculty from around the world through grants, awards, and participation surprisingly, there was a variety of opinions on our Section’s role, if in our programs and activities. Through these programs, SPE hopes to any, in this area. The majority of responders felt there were topics that aid faculty in educating the next generation of petroleum engineers and should be covered, but no clear definition emerged from the responses. industry leaders. There are Research Grant and Travel Grant Programs. Further discussion is underway. The latter also has a deadline of May 15th and provides financial support for attendance of university faculty at SPE conferences, workshops and 3. COMMUNITY SERVICE AND EDUCATION – responses were forums. Students: here is an opportunity to help your professors attend an supportive of serving the community where we live. Scholarships for SPE event. They may not be aware of this program and you can make a future engineers rated very highly and they remain a key objective for friend for life and begin your networking career. Good luck. the section. Our focus on Science, Technology, Engineering and Math (STEM) had many positive comments as well. We want you to be involved with the section’s activities – the GCS will be better with your active involvement. I personally welcome your 4. COMMUNICATION – members showed a preference for comments and ideas to help the SPE Gulf Coast Section serve you and communication via email and print. There was not much appetite for your career better. Please contact me at [email protected] . the social media channels of Facebook, LinkedIn or Twitter. That was a bit of a surprise, but may reflect the demographics of the membership. The website is mainly used for event information and registration. There was interest in posting webinar recordings and Study Group 2 SPEGCS.ORG presentations after the events. FEATURES May 2014 WESTSIDE STUDY GROUPS 5/21/14 COMMITTEES Well Spacing Insights from Pilot Study RESEARCH & DEVELOPMENT in the Eagle Ford Shale 5/1/14 YOUNG PROFESSIONALS 5/6/14 R&D and Technology Development Young P. 30 Professionals Panel Discussion YP and YPE Happy Hour RESERVOIR P. 27 5/22/14 YP EEC 6/26/14 Data-Driven and Reduced Order Models RESERVOIR in Reservoir Simulation 5/8/14 YP ROUGHNECK CAMP 7/17/14 Annual Reservoir Technology Forum P. 28 The Oil And Gas Supply Chain: From the P. 29 GENERAL MEETING Ground to the Pump 5/22/14 NORTHSIDE P. Light, Tight Oil in the Permian Delaware 33 5/13/14 Basin: Recent Developments Introduction to Shallow Geo-hazards in Deep AWARD BANQUET 5/27/14 Water, and Drilling Hazards Associated with P. 11 Exploration Around Salt Annual Awards and Scholarship Banquet BUSINESS DEVELOPMENT P. 19 5/28/14 AUXILIARY 5/28/14 A&D Markets: Current Activity PETRO-TECH and Driving Themes 5/13/14 P. 35 2014 Salary Survey Highlights P. 13 2014 SPORTING CLAYS P. 23 COMPLETIONS & PRODUCTION TOURNAMENT 5/28/14 6/6/14 PROJECTS FACILITIES The Geo-mechanics of a Clay Rich Formation & CONSTRUCTION P. in Southern Chile 36-38 5/14/14 & 5/21/14 First Annual Spring Lecture Series: Lifting P. 15 the Veil from Unconventional Production IN EVERY ISSUE SPE-GCS MEMBERSHIP REPORT P. 24/25 MORE VOLUNTEER SPOTLIGHT DRILLING 2014 SPE MEMBER SURVEY 5/14/14 David Pantoja Manzano P. Business Ethics – A Different Look: 6/7 P. Justice and Fairness 5 NEW BOARD MEMBER THEN & NOW P. 17 Subash K Kannan P. WATER & WASTE MANAGEMENT P. 40 8 5/19/14 EVENT RECAP SPE-GCS DIRECTORY NORM in Produced Waters: Basics of Problem Avoidance P. 41 P. 42 P. 31 PERMIAN BASIN BOARD OF DIRECTORS 5/20/14 THU MEETING High Performance Ceramics May P. 21 LOCATION EVENT CONTACT 8 SPE Houston Office Sharon Harris 7:30 AM TO 10:30 AM 10777 Westheimer Rd. 713-457-6821 EXT. 821 Suite 1075 713-779-4216 FAX Houston, TX 77042 [email protected] SPE-GCS CONNECT Trust your paddle? With over ten years of continuous progress and innovation for corporate reserves and evaluations, Mosaic has the product stability and client responsiveness that E&P companies have come to expect. Discover what it’s like to have a system and team you can depend on to achieve your end goal. Better Productivity Higher Efficiency Faster Speed Trusted Information Expect More. Accomplish More. Learn More at www.entero.com/mosaic 4 SPEGCS.ORG SPE-GCS MEMBERSHIP REPORT March 2014 MARCH 2014 FEBRUARY 2014 Total: 13,239 Total: 12,021 YP: 2,619 YP: 2,321 MARCH FEBRUARY SPE-GCS Members Total YP Total YP VOLUNTEER New Members 3 1 308 140 SPOTLIGHT Reinstated N/A N/A 3 0 Transferred to Section N/A N/A 5 3 David Pantoja Manzano CREDIT AGRICOLE SECURITIES (USA) INC. Unpaid 4,353 1,519 5,282 1,703 This month the SPE Gulf Coast Section would like to recognize the volunteer efforts of David Pantoja Manzano, the registration Student Members Paid Unpaid Paid Unpaid and publicity chair for the Business Development Study Group for the past two years. David has recently been involved in two Texas A&M 623 289 569 301 big, new initiatives for his study group and has reported on their Rice 25 31 21 33 progress several times to the Section Board of Directors. HCC 40 28 37 28 First, he is launching a Business Development Blog to share summaries of study group meetings, links to articles of interest, UH 241 219 215 226 and all kinds of news and information about mergers, acquisitions Total 929 567 842 588 and divestitures in our industry. This required the Section Board of Directors to have blog policies for privacy, cookies, and terms Total Paid/Unpaid 14,168 4,920 12,863 5,870 of use, which were developed with input from the SPE International lawyer. David made the business case for hosting % Paid 74.2% 68.7% the blog with Kindle Interactive, which saved our Section $6700. Look for this new blog to be launched soon! 2011–201222011–201012–201322012–20132013–2014 2013–201Second,4 David and others initiated a streamlining effort at the YOUNG PROFESSIONALS Study Group’s registration desk that has optimized the process. PROFESSIONALS PROFESSIONALS YOUNG PROFESSIONALS STUDENTS STUDENTS 1600 1600 As a continuation of this work, the Study Group team members 4,500 4,500 1400 who took over the committee came up with the idea to have a 16,000 1400 16,000 4,000 Season Pass for Business Development Study Group meetings, 4,000 1200 1200 3,500 whereby members can pay a one-time fee to attend all eight 14,000 3,500 1000 14,000 1000 meetings throughout the year.
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