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SPE GULF COAST SECTION DECEMBER 2018 Unconventional Innovative Reservoirs: A Approaches to Technology- Oil Patch Writing Reservoir Enabled Revolution Class Productivity DECEMBER FEATURES DECEMBER WESTSIDE CONTINUING EDUCATION NORTHSIDE 01CONTENTS DECEMBER 2018 In Every Issue COMPLETIONS & PRODUCTION EDUCATION 12/12/18 5/22/19 CHAIR’S CORNER 13 Why Conventional Gas Lift Isn’t 20 SPE-GCS Building Winning Sunil Lakshminarayanan Best for Most Unconventional Teams: MVP Houston Astros 02 Wells Draft Day CALENDAR December 2018 WESTSIDE EDUCATION 03 12/19/18 Where Are They Now? MEMBERSHIP REPORT 14 Unconventional Reservoirs: A 21 Past Scholarship Winner: 04 September 2018 Technology-Enabled Revolution Peter Tesarek VOLUNTEER SPOTLIGHTS Committees Special Events Kumar Pugazhenthi 05 Purvi Indras CONTINUING EDUCATION SPE-GCS WOMEN IN ENERGY 15 12/5/18 22 1/18/19 THEN & NOW Learning Tutorial: Developing SPE-GCS Women In eNergy (WIN) Buddy Woodroof Abstracts, Publications and One-Day Congress 07 Presentations INNOVATION & Study Groups CONTINUING EDUCATION ENTREPRENEURSHIP NORTHSIDE 15 12/7/18 SYMPOSIUM 09 12/4/18 Oil Patch Writing Class 23 2/27/19 & 2/28/19 Innovative Approaches to CONTINUING EDUCATION Reservoir Productivity GOLF COMMITTEE 12/7/18 4/8/19 RESERVOIR 16 Learning Tutorial: The 24 46th Annual Golf Tournament 10 12/6/18 Unconventional Method How to Pre-Loads: Successful Mitigation Quantify the Performance and the ELECTRIC SUBMERSIBLE PUMP of Damaging Frac Hits in the Cost of Solids Control (ESP) SYMPOSIUM Eagle Ford 5/13/19 – 5/17/19 YOUNG PROFESSIONALS 25 GENERAL MEETING 16 12/9/18 11 12/11/18 YP Volunteer Event: Bicycle Build Student Chapters Joint Meeting with Houston with Cycle Houston Texas A&M Chapter of the API: The 26 Geopolitics of Energy MEMBERS IN TRANSITION (MIT) 12/14/18 Event Recap HSSE-SR 17 Joint meeting with SPE Petro-Tech 12/11/18 Study Group 27 Permian Basin Study Group 12 HSE Challenges Observed Within Young Professionals Rebuilding the Permian Basin Shale Play CONTINUING EDUCATION Together Houston 12/14/18 SPE-GCS Booth on 8th Annual DRILLING 18 Ethics Seminar: Engineering Ethics Energy Day Festival 12/6/18 12 Outlook for the Oilfield YOUNG PROFESSIONALS Directory Equipment & Service Market in 19 2/21/19 2018–2019 Directory 2019 SPE-GCS Inter-Corporate TopGolf 29 Tournament / Networking Event BOARD OF DIRECTORS MEETING – DECEMBER 20 [email protected] 02CHAIR’S CORNER DECEMBER 2018 "IF YOU ALWAYS DO WHAT YOU ALWAYS DID, YOU WILL ALWAYS GET WHAT YOU ALWAYS GOT.” – ALBERT EINSTEIN SUNIL LAKSHMINARAYANAN, 2018 – 2019 SPE-GCS CHAIR Historically, the oil few selected companies have an opportunity to showcase and gas industry their concepts and receive feedback from peers, investors, has not been and potential clients. More details about the event can be thought of as a fast found here. adopter of leading- I would also like to congratulate the Innovate Committee edge technology. for having organized the one-day “Starting an E&P Nevertheless, Company” event in November 2018. The event was innovation has always been part of the industry and sold out, with about 150 professionals from various has been critical to our success. It has facilitated growth organizations and disciplines attending! in new, challenging areas like deepwater wells, and it is continually revolutionizing unconventional technology In Other News and transforming our business into a faster-cycle one. Shale operators are now able to scale production rapidly The Women in Energy (WIN) Committee has made giant to meet demand while managing costs to compete at strides and is well on its way to a highly successful year. low market prices. Key technologies have enhanced the Having started as a one-person committee in June 2018, industry’s ability to weather economically challenging it has grown in number with some incredibly motivated times by providing efficiencies and cost savings. volunteers organizing their inaugural WIN Congress on January 18, 2019, at the Houston Community College Technology developments give rise to change and West Houston Institute. This one-day event will serve as uncertainty – which means opportunities for those a forum to encourage both men and women to address who adapt, as well as risks for those who do not. While gender gap challenges in the energy industry and identify some major oil and gas companies are developing actions to overcome them. Highly renowned speakers will bespoke innovations through extensive research and give inspirational talks and will also participate in panel field trials, the industry is also greatly benefiting from discussions. I encourage everyone to attend this event. a surge in startup companies since the 2014 downturn. More details about the event can be found here. These startups are ultimately focused on providing new technology to reduce and optimize the price of finding Happy Holidays! and producing oil. Within our section, the Innovate Committee has focused on promoting innovation and technology, and educating our members about the latest trends in the industry. Since it was founded two years ago, the Innovate Committee has grown in stature by launching and executing some robust events. With its mission to promote innovation in our industry through collaboration among entrepreneurs, investors, and organizations, this committee launched the inaugural Innovation and Entrepreneurship Symposium (IES) in early 2018. The event was well received and a huge success. It is expected to grow further in 2019. One facet of this unique event is the Shark Tank, where a 03DECEMBER CALENDAR DECEMBER 2018 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY 01 • Northside • Cont. Education • Reservoir • Cont. Education • Drilling 02 03 04 05 06 07 08 • Young • General Meeting • Completions & • MiT & Petro Tech 5+21866 Professionals Production • HSSE-SR • Cont. Education 09 10 11 12 13 14 15 • Westside • Board of Directors Meeting 16 17 18 19 20 21 22 23 24 30 31 25 26 27 28 29 Upcoming Special Events 1.18.19 WOMEN IN ENERGY (WIN) ONE DAY CONGRESS 2.21.19 YOUNG PROFESSIONAL INTER-CORPORATE TOPGOLF Mark Your Calendars TOURNAMENT/NETWORKING EVENT 4.8.19 SPE-GCS 46TH ANNUAL GOLF TOURNAMENT 5.13—5.17.19 SPE-GCS ELECTRIC SUBMERSIBLE PUMPS SYMPOSIUM 5.22.19 BUILDING WINNING TEAMS: MVP HOUSTON ASTROS DRAFT DAY 04MEMBERSHIP REPORT Membership Through October 2018 The Gulf Coast Section (GCS) was established on December 13, 1935. The 1,077 NEW PROFESSIONALS mission of GCS is part of our Bylaws 2,410 LAPSED PROFESSIONALS which were amended by vote of the Board of Directors on February 16, 2017, 1,476 RENEWED STUDENTS and by vote of the general membership on April 20, 2017. 12,320 PROFESSIONALS RENEWED SPE-GCS MISSION 5Current +21866 The mission of the Section shall be the Membership Trends promotion of mutual cooperation in furthering the objectives of the Society of TOTAL MEMBERSHIP Petroleum Engineers International, Inc. 20,500 2016–17 This shall be accomplished by: 17,125 14,250 I. 2017–18 11,375 Providing forums that afford members October 2018 the opportunity to upgrade and maintain Membership: 13,461 8,500 professional competence. 2018–19 JUL OCT FEB SEP JAN DEC JUN APR AUG NOV MAY MAR II. Providing social interaction that increases member participation in Section activities as a WHEN December 20, 7:30 – 10:30am whole, while striving to maintain the integrity of WHERE SPE Houston Office: the Section. 10777 Westheimer Rd, Ste 1075 Houston, TX 77042 III. R.S.V.P. Taylor Wright Supporting programs in local primary and T (713) 457-6821 secondary schools to encourage students to F (713) 779-4216 develop their abilities in science, technology, Board of Directors of Directors Board Meeting [email protected] engineering and mathematics. IV. Unless specified separately in the Supporting engineering programs at the registration website: university level. MEMBERS: $40/$55 Walk-in V. NON-MEMBERS: $55 Enhancing the image of the Oil and Gas Industry STUDENTS/MiT/Retired SPE: $25 Study Group Study Group Pricing by sponsoring community service programs. View SPE-GCS Directory Back to Table of Contents 05VOLUNTEER SPOTLIGHT DECEMBER 2018 PURVI INDRAS How did you first get involved What is your REAL job and educational with SPE? background? A friend of mine volunteered I perform comprehensive studies on with the SPE-GCS Westside unconventional oil and gas plays throughout the Group and invited me to Lower 48 and support E&P, investment banking, connect with the group in 2014. and private equity clients with production I joined the study group that supported the webinar and publicity forecasting, asset valuation, and benchmarking for the events. of upstream operators by key financial and operational metrics. What SPE study groups, committees, or volunteer events have you been involved in? I hold an MS in petroleum engineering from Texas A&M University and a BS in petroleum I have been involved with the SPE Westside Study group since 2014. engineering from University of Petroleum, India. I help with monthly meetings and the annual seminar. I recently joined the SPE WIN Committee to help organize the one-day What is your favorite thing about SPE? congress in January 2019. I really enjoy being a part of the well-connected What is your current role with SPE? community that SPE has built over decades. I also love the opportunity to continuously learn and I am currently the Publicity and Webinar lead with the Westside improve my technical knowledge and network study group and I am also the Communications chair for the SPE- with the industry professionals. GCS WIN (Women in Energy) Committee. KUMAR PUGAZHENTHI How did you first get involved What is your current role with SPE? with SPE? I am currently the vice chair for the YP Study I started getting involved Group. with SPE-GCS after attending What is your REAL job and educational the Young Professional`s background? RoughNeck Camp in 2016.
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