Countering Human Trafficking: Risks and Strategies for the Oil and Gas
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SPE GULF COAST SECTION APRIL 2018 Optimization in Countering Human 2018 Unconventional Trafficking: Risks Reservoir Oil & Gas: How and Strategies for the Technology Far Can We Go? Oil and Gas Industry Symposium APRIL FEATURES NORTHSIDE HSSE-SR SPECIAL EVENTS 01CONTENTS APRIL 2018 In Every Issue NORTHSIDE Committees 4/19/2018 CHAIR’S CORNER 14 MEMBERS IN TRANSITION (MIT) Surfactant Chemistry and 02 Trey Shaffer Its Impact on Oil and Gas 21 4/20/2018 Recovery in Shale Plays 27th Seminar Series CALENDAR & MEMBERSHIP REPORT DRILLING CONTINUING EDUCATION April 2018 4/20/2018 05 15 4/19/18 22 Operators’ Group, Rig Accelerated Learning VOLUNTEER SPOTLIGHTS Contractors, and OEM/Service Tutorial: Introduction to 07 Jody Mahoney Company Work to Solve Rig Data Petroleum Geology Mohammed Dooply Quality Issues YOUNG PROFESSIONALS THEN & NOW COMPLETIONS & PRODUCTION 23 4/11/2018 09 Buddy Woodroof 15 4/25/2018 Artificial Lift for Unconventionals Production Optimization 4/15/2018 Study Groups With Artificial Lift and Why 24 Volunteering at The Beacon DIGITAL TRANSFORMATION Should You Care 4/26/2018 Announcing the launch of the BUSINESS DEVELOPMENT 24 11 Digital Transformation Study The Digital Oilfield 4/25/2018 Group! 16 Tellurian – The LNG Export Race 25 5/5/2018 RESEARCH & DEVELOPMENT Introduce a Girl to Engineering Special Events Day at Rice University 11 4/5/18 Imaging P- and S-wave 9 PERMIAN BASIN EDUCATION Component Seismic Data 4/12/2018 17 Where Are They Now? Past 2018 Permian Basin 26 Scholarship Winner: Scott Joyce HSSE-SR Symposium: Permian Basin 12 4/10/2018 Challenges & Opportunities in a Recognition Countering Human Trafficking: Cyclic Oil & Gas Industry Risks and Strategies for the Oil SAVE THE DATE! and Gas Industry GEOMECHANICS 27 5/24/2018 18 4/18/2018 2018 SPE-GCS Awards & NORTHSIDE Geomechanics Congress: Scholarships Banquet 13 4/10/2018 Recent Advancement in Optimization in Unconventional Petroleum Geomechanics Announcement Oil & Gas: How Far Can We Go? UNIVERSITY OF HOUSTON DATA ANALYTICS Graduate Certificate Program: GENERAL MEETING 4/19/2018 28 19 Unconventional Energy Sources 13 4/12/2018 Data Science Convention: Beating the Competition – Transforming the Upstream Student Chapters Deepwater vs. Shale O&G Industry with Advanced Data Science Solutions SPE-GCS STUDENT CHAPTERS WESTSIDE Texas A&M University RESERVOIR 29 4/18/2018 University of Houston 14 Hydraulic Fracture Geometry 4/26/2018 Characterization Using Low- 20 2018 Reservoir Technology Frequency DAS Signal Symposium: Maximizing Our Resource BOARD OF DIRECTORS MEETING – APRIL 19 [email protected] 02CHAIR’S CORNER APRIL 2018 Board Activity Update TREY SHAFFER, 2017 – 2018 SPE-GCS CHAIR A number of Gulf Coast Section Audit key activities In support of the governance requirements of SPE and are underway to the Gulf Coast Section, Grant Thornton was retained renew the Board to undertake an operational review of SPE-GCS from of Directors and October 30-November 3, 2017. Prashant Sainani, Gulf address findings Coast Section Treasurer, facilitated the audit with support from an internal from myself, Taylor Wright, and Vicki Rau. I thought it audit conducted for the Gulf Coast Section by Grant would be useful to share the following excerpt from the Thornton. I’ve provided a brief summary of this work executive summary with members: by the Board for the members of the Gulf Coast Section. “ The operational review focused on the Section’s Election of Gulf Coast underlying governance and structure and the policies, procedures and operations within the financial Section Board Members management and communication business processes We have begun our nomination process to elect several for FY 2018 as of November 2017. The review primarily key Board positions. The Nominating Committee will be focused on benchmarking current operating processes chaired by Deepak Gala, and members include Marise against leading practices for not-for-profit and trade Mikulis, Karin Gonzalez, Mohammad Tabatabaei, Nils organizations. Observations and recommendations Kageson-Loe, Bill Davis, and Mike Redburn. are relative to a not-for-profit or trade organization The Nominating Committee will proceed as follows: with an already established set of procedures aligned with leading practices. 1. The Nominating Committee will prepare a slate of candidates for each office and the date and location of a Grant Thornton identified several notable processes vote for the following positions: one candidate each for during the review: the position of vice chair, secretary, vice treasurer, and • SPE–GCS has active membership and encourages three at-large directors. The Nominating Committee both petroleum engineers and adjacent disciplines to will also nominate one candidate for each director (key join the Section. committee chair) position to be appointed by the chair. • Despite the energy industry down cycle and subsequent 2. The deadline to submit nominations will be April 15. decrease in membership and funding, SPE-GCS 3. Please submit nominations to Deepak Gala at established the scholarship fund to support students in [email protected] and the profession. Taylor Wright at [email protected] • The annual budgeting process combines input from 4. Slate of candidates will be presented at the May 17, all levels, including committees, study groups, and the 2018, Board of Directors meeting for approval. executive committee.” 5. The results will be published via e-mail or the The auditors reviewed and assessed relevant newsletter following the Board meeting in June. documentation, including bylaws, organizational charts, roles and responsibilities, policies, financial data for All nominees must meet the qualifications for section 2016- 2017, and key presentations. membership defined in Article IV of the Gulf Coast Section Bylaws. Continued on page 3 03CHAIR’S CORNER ProjectRA Project Resource Analysis & Cash Flow Tool Chair’s Corner, Continued from page 2 Software for the Integrated Probabilistic During the review, process design and control procedures were tested on a limited basis to determine Economic Modeling of Unconventional compliance with internal policies and procedures and Projects to Address the Challenges of: industry leading practices. Multiple play segment characterization A number of potential operational improvements and Forecasting from limited data sets opportunities were identified, including opportunities Pilot-sizing and confidence to improve accounting controls, policies, and of achieving the mean procedures, as well as governance associated with Modeling type well decline variability the scholarship endowment fund. To address these Full-cycle economics findings, Sunil Lakshminarayanan has accepted the Modeling in either scoping role of Audit Committee Chair. Sunil has developed an or detailed development mode action plan and is working closely with the Board of Directors to address the findings. Contact us at www.roseassoc.com or 713-528-8422 The Gulf Coast Section has a long history, and the LSi, the software volunteers serving on the Board of Directors are doing company of great things on behalf of our section and industry. Please join me in thanking the dedicated members of the GCS Board of Directors: www.spegcs.org/ committees/board-of-directors/. JANUARY 2018 Reserves, Economics, and Decline Software Is your reserves reconciliation a highly laborious, time-intensive, and error-prone process? Do you wish you could streamline the process using a fully automated push-button solution? With the large amount of data you’re reconciling, and the limited time you have, there is a better solution. Entero MOSAIC is the only reserves, economics, and decline system that delivers a fast and meaningful measure of your company’s performance in hours, rather than weeks. EFFICIENCY: Experience up to 50% in productivity gains INTEGRITY: Have confidence in your data with better visibility TRUST: Improve security through role based user/data management INSIGHT: Built-in stored results with scenario comparisons at the portfolio level Learn more at www.entero.com/entero-mosaic, or call 1.877.261.1820 05APRIL CALENDAR APRIL 2018 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY • Research & Development 01 02 03 04 05 06 07 • HSSE-SR • Young • 2018 Annual Professionals Permian Basin • Northside Symposium • General Meeting 08 09 10 11 12 13 14 • Young • 2018 • Data Science • Training: 2+228365 Professionals Geomechanics Convention Introduction Congress to Petroleum • Board of Geology • Westside Directors • Members in • Northside Transition Seminar 15 16 17 18 19 20 21 • Completions & • 2018 Reservoir • 2018 Reservoir Production Technology Technology Symposium Symposium • Business Workshop Development • Young Professionals 22 23 24 25 26 27 28 29 30 31 APRIL MAY Upcoming Special Events 12 PERMIAN BASIN SYMPOSIUM 24 EMERGING ENGINEERS Mark Your Calendars 18 GEOMECHANICS CONGRESS 2018 SYMPOSIUM 19 DATA SCIENCE CONVENTION 26 RESERVOIR TECHNOLOGY SYMPOSIUM 06MEMBERSHIP REPORT Membership Through February 2018 258 NEW PROFESSIONALS 3,796 LAPSED PROFESSIONALS 1,198 RENEWED STUDENTS 0 NEW STUDENTS 344 LAPSED STUDENTS 10,775 PROFESSIONALS RENEWED 2Current +228365 Membership Trends SCALE WORKOVERS FOR TOTAL MEMBERSHIP NEARLY 2 YEARS 20,500 2015–16 17,125 A single application of SCALEGUARD 14,250 proppant-delivered scale-inhibiting 2016–17 11,375 February 2018 technology has maintained production 8,500 Membership: 12,231 rates and eliminated costly workovers for 2017–18 JUL OCT FEB SEP JAN DEC JUN APR