APRIL APRIL2016 2016 Light, Tight Oil in the THE HONORABLE RYAN SITTON, TEXAS RAILROADPermian Delaware COMMISSIONER Basin: Recent DevelopmentsGENERAL MEETING P. 13 GENERAL MEETING P. 11 HIGH PERFORMANCE CERAMICS PERMIAN BASIN P. 21 ARTIFICIAL LIFT FOR THE LIFE OF WELLSDATA-DRIVEN IN UNCONVENTIONAL PLAYS ANDNORTHSIDE REDUCED P. 9 ORDER MODELS INCOST-EFFECTIVE RESERVOIR RECOVERY OPTIMIZATION OF WATERFLOODS MEMBERS IN TRANSITION RESERVOIRSIMULATION P. 16 RESERVOIR P. 28 INITIATIVE2016 SALARY (MIT) PRACTICAL HYDRAULIC FRACTURING THIRD SEMINAR SURVEYSERIES P. 27 STIMULATIONNORM IN PRODUCED DESIGN MODELS HIGHLIGHTS COMPLETIONSWATERS: BASICS& PRODUCTION OF P. 18 PETRO-TECH P. 23 PROBLEM AVOIDANCE WATER & WASTE MANAGEMENT P. 31 SPEGCS.ORG SPE-GCS CONNECT Accelerated Learning Tutorials (ALTs): CHAIR’S We have had great success with our first ALTs, which were introductions to gas lift systems (November), managed pressure CORNER drilling (January), and reservoir simulation (February). We have four more to go: introductions to flow assurance (April), PVT analysis (May), oilfield geomechanics (June), and nodal analysis (TBA). These one-day courses are proving to be an excellent means of rapidly immersing oneself in a topic. As the year progresses, I’ll advise on more initiatives. So, as always, watch this space… All the best! DR. IVOR ELLUL 2015 - 2016 SPE-GCS Chair “Thanks for a most informative workshop. All three topics were well on target and well received. Overall the workshop was s I write this, CERAWeek has just kicked off with an interesting array of key well planned and executed. As a webinar individuals imparting wisdom on the current state of the oil and gas industry and participant, I felt connected and engaged what will happen in the near and medium term. Amid all the posturing, we who throughout the discussion.” A make a living in the industry deal with the day-to-day ramifications of the low commodity price and the challenges that this brings. “I continue to congratulate myself for The SPE Gulf Coast Section has embraced the need to support our members as they face these choosing to attend the workshop in person. It challenges, and I would like to brief you on the status of some of these initiatives. was a great value and very beneficial. Thank Members in Transition (MiT): We have made tremendous progress on the MiT initiative you for your effort organizing it. It ran very thanks to the excellent work of C. Susan Howes and the MiT leadership team. The seminar series, smoothly! I would like to attend the following which includes topics of interest to SPE members who are transitioning between jobs or who one also, so hope to see you again! “ are looking for new career opportunities, is off to a great start. The agenda for the February event included “How to Start Your Own Business,” “The Large Company Hiring Process,” and “Thanks for arranging the SPE Members in “Networking Effectively to Build Beneficial Relationships.” We received very encouraging Transition Seminar last Friday. I found the feedback from the first seminar, which I have distilled here (see right sidebar). As a result, presentations, discussions and networking we are planning further seminars that will include the following topics: pretty valuable.” APRIL: Intellectual Property for Startups and Small Businesses “It was incredibly valuable to get this Texas Workforce Commission and Workforce Solutions Resources insight at this time in my career. A lot of The Business of Your Career: Managing Your Career as a Business Enterprise things have changed since the last time I JUNE: Review of Courses Offered by University of Houston Small Business Dev. Center was interviewing for jobs. Thank you very Negotiation & Conflict Resolution - Proven Techniques to Achieve much for the needed update!” a Win/Win Solution An Entrepreneur’s Guide to Attracting Startup Capital GCS ENERGY TICKER Ideas Launch Pad (ILP): The ILP is part of the MiT initiative, and is intended to assist those who have entrepreneurial ideas that could be candidates for funding and eventual launching DJIA as a commercial business. We have partnered with the Houston Technology Center (HTC), which is the eventual vehicle for incubating and launching ideas that come through to the GCS. In February, the ILP committee reviewed five ideas, two of which were selected for referral to WTI PRICE HTC. The owners of the two ideas have met with the HTC and have subsequently initiated the application process. HH SPOT PRICE Industry Support: Industry support for MiT has been very encouraging. Drillinginfo has offered to provide its software to unemployed SPE-GCS members and will grant individuals passwords to use Drillinginfo until the end of the year. A brief tutorial for the software will be US PRODUCTION provided, if needed. Wild Well Control has offered SPE the use of its auditorium for SPE events. The Indus Entrepreneurs (TiE) Houston offered SPE members a discount for their workshop, RIG COUNT “How to Reinvent Yourself in a Downturn Market.” The Houston Geological Society publicized SPE MiT events in its newsletter. Please visit spegcs.org for more information! 2 April, 2016 April CONTENTS STUDY GROUPS Completions & Production Education 4.27.16 25 SPE Scholarship Winner, 18 Thomas Belsha Northside Practical Hydraulic Fracturing 9 4.5.16 Stimulation Design Models Young Professionals Artificial Lift for the Life of Wells 31 4.23.16 & 4.30.16 in Unconventional Plays COMMITTEES Rebuilding Together Houston Days Research & Development Continuing Education MORE 10 4.7.16 20 4.8.16 Houston Technology Center Networking and Mentoring to Scholarship Supports Energy Innovation and Build Beneficial Relationships 25 SPE-GCS Scholarship Fund Update Entrepreneurs: Putting an End to Auxiliary Desalination Challenges 4.8.16 Members in Transition Initiative (MiT) Informal Lunch: Mia Bella Trattoria 27 4.1.16 International Third Seminar Series 11 4.12.16 Continuing Education How Low Prices Are Shaping 21 4.14.16 Annual Drilling Symposium Corporate Strategy Accelerated Learning Tutorial: 29 4.14.16 Introduction to Flow Assurance General Meeting IN EVERY ISSUE 13 4.14.16 Membership 4.14.16 The Honorable Ryan Sitton, SPE-GCS Membership Report Texas Railroad Commissioner SPE-GCS Networking Event & Membership Drive 5 February 2016 Westside Young Professionals Volunteer Spotlight 15 4.20.16 22 4.20.16 Art Schroeder Effect of Hydraulic Fracture Distinguished Lecturer, Growth on Nearby Natural Pete Naylor Then & Now Fractures 6 Buddy Woodroof Community Service Event Recap Reservoir 4.29.16 30 YP Math Counts 16 4.21.16 Volunteers Needed: The YP Energy4Me Cost-Effective Recovery International Sustainable World HSSE-SR & YP Movie Night Optimization of Waterfloods Project (I-SWEEEP) UH Student Chapter College & Career Expo Business Development Continuing Education 17 4.27.16 23 5.17.16 Student Chapter Section Oil Patch Orientation TAMU-SPE & Rice Royalty Transactions: Overcoming 32 Gaps in a Downside Market 34 SPE Gulf Coast Section Directory BOARD OF DIRECTORS MEETING THURSDAY, APRIL 21ST | 7:30 TO 10:30 AM SPE HOUSTON OFFICE 10777 Westheimer Rd. | Ste. 1075 | Houston, TX 77042 CONTACT KATHY MACLENNAN Please visit spegcs.org for more information! 713-457-6821 | 713-779-4216 FAX | [email protected] April, 2016 3 Navigate uncertain times. Rethink howJune you 2016 work. 5.2016 TOTAL: 14,745 YP: 3,151 6.2016 5.2016 Total Paid/Unpaid 17,455 3,776 17,137 3,892 % Paid 82.2% 81.5% Reserves, Economics, and2014–201 Decline522013–201 Software4 012–2013 PROFESSIONALS YOUNG PROFESSIONALS STUDENTS 2100 4,500 1900 16,000 4,000 1700 1500 3,500 14,000 1300 3,000 1100 900 Isn’t it time to stop manipulating 12data,000 through the backend, creating2,500 manual queries to report in Excel, 700 questioning your application security, getting frustrated with poor2,00 0scenario comparisons, or using 3rd party tools to enter and edit data? 500 10,000 1,500 300 T P Y B R R C V G N T P Y B R R C T V P G N Y B R R C V G N JUL SE FE JUN JA JUL AP DE SE OC MA JUL FE AU SE JUN JA NO MA FE AP DE JUN JA OC MA AP DE AU OC NO MA MA AU NO 2014–201522013–2014 012–2013 MA Entero MOSAIC delivers ASSET INTELLIGENCE to help you do your work faster, with less effort. 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Though February 2016 TOTAL SPE-GCS MEMBERSHIPS PROF NEW 279 PROF RENEWED 12,218 VOLUNTEER PROF LAPSED 5,479 SPOTLIGHT ART SCHROEDER STUDENTS RENEWED 1,566 STUDENTS NEW his month, SPE Gulf Coast Section is delighted to feature 197 Art Schroeder as the Volunteer of the Month.