SPE GULF COAST SECTION MARCH 2018 SPE-GCS Fracturing Without 2018 Annual a Drop of Water – Permian Drilling Lessons Learned Basin Symposium Fracturing With LPG Symposium MARCH FEATURES MARCH DRILLING COMPLETIONS & PRODUCTION SPECIAL EVENTS 01CONTENTS MARCH 2018 WESTSIDE In Every Issue 3/27/2018 Committees CHAIR’S CORNER 15 Interactions Between CONTINUING EDUCATION Trey Shaffer Fractured Horizontal Wells 3/2/2018 02 and Their Consequences 25 16 Personality Factors for CALENDAR & Finding Your True North HSSE-SR MEMBERSHIP REPORT 3/8/2018 3/20/2018 January 2018 16 26 Accelerated Learning Tutorial: 05 Best Practices to Reduce Venting Introduction to Reservoir Simulation & Flaring with Economic Benefit VOLUNTEER SPOTLIGHTS 3/16/2018 3/20/2018 Nuny Rincones 27 Accelerated Learning Tutorial: 07 17 Mechanical Integrity Lessons Mojtaba Shahri Refracturing – Where to Apply, When Learned from API Process Safety to Apply and How to Apply Site Assessments: Driving THEN & NOW Operational Excellence 3/28/2018 Buddy Woodroof 28 Oil Patch Orientation 09 COMPLETIONS & PRODUCTION 3/30/2018 STUDENT CHAPTERS 3/28/2018 29 18 Fracturing Without a Drop How to Write and Present a Texas A&M University of Water - Lessons Learned Technical Paper for SPE 37 University of Houston Fracturing With LPG MEMBERS IN TRANSITION (MiT) Study Groups BUSINESS DEVELOPMENT 3/9/2018 30 26th Seminar Series NORTHSIDE 3/28/2018 19 Fortuna Resources & TNM 3/6/2018 11 Resources - How to Succeed in the 31 3/27/2018 Case Study of a Permian Basin Permian as a Smaller Company SPE-GCS Upstream Oil & Gas Well, Completed Using Tracers Professionals Hiring Event DATA ANALYTICS GENERAL MEETING 4/19/2018 YOUNG PROFESSIONALS 3/8/2018 20 12 Data Science Convention 3/22/2018 Sustaining and Building 32 Business on the Green Partnerships: People and Negotiation Special Events 33 3/23/2018 INNOVATE Downhole Simulation Cell (DSC) RESEARCH & sponsored by Newpark Drilling Fluids DEVELOPMENT 3/21/2018 - 3/22/2018 21 IES: Innovation & 3/24/2018 3/8/2018 Entrepreneurship Symposium 34 Trash Bash 2018 at the Armand 13 Origination and Bayou Nature Center Development of Novel PERMIAN BASIN Upstream Technologies 22 4/12/2018 EDUCATION RESERVOIR 2018 Permian Basin Symposium Where Are They Now? Past 35 Scholarship Winner: Michael Schwarz 3/22/2018 13 RESERVOIR Sampling a Stimulated 5/23/2018 4/26/2018 - 4/27/2018 36 Rock Volume: An Eagle 23 SPE Education Committee Summer Ford Example 2018 Reservoir Technology Intern Program: SPE MVP Draft Day at Symposium Houston Astros vs. San Francisco Giants DRILLING GEOMECHANICS 3/15/2018 SAVE THE DATE! 14 4/18/2018 SPE-GCS Annual 24 5/24/2018 Drilling Symposium Geomechanics Congress: 38 2018 SPE-GCS Awards & Recent Advancement in Scholarships Banquet Petroleum Geomechanics 02CHAIR’S CORNER MARCH 2018 Spring into Action: Renew and Commit TREY SHAFFER, 2017 – 2018 SPE-GCS CHAIR A Call to Oil dipped on Monday as soaring North Action American production was seen undermining efforts led by OPEC and Russia to tighten As many of supplies, but prices were still on track for their you know, our strongest start to the year in five years. production schedule for the Brent crude futures held above $70 per barrel, newsletter runs but eased 23 cents on the day to $70.29 a about two months ahead of publication. I’m writing barrel by 0943 GMT, while U.S. West Texas the Chair’s Corner on January 31 for March 2018. Intermediate (WTI) crude futures were at January is the month when we consistently record a $66.24 a barrel, up 10 cents. significant dip in our Gulf Coast membership numbers, and then over the first few months of the year, many So far this month, the Brent crude price has people renew their membership in SPE and we begin risen by 6.3%, making this its largest rise in to level off for the year with slight monthly increases January since 2013. along the way. The benefits of SPE membership are significant. For Since 2014, we have been experiencing a steady, many, the most notable benefit is the opportunity noteworthy drop in our membership each year. In to attend study group meetings and special events January 2018, our membership dipped to 9,875, which to network and learn. In 2018, every SPE member was like our experience in 2017. Just a few years ago, our should commit to invest in their own learning and combined professional and student membership was development by attending a study group regularly. I around 20,000. Nearly 6,000 professional and student would also encourage you to attend one of the dozen members have allowed their membership in SPE to half-day or full-day special events planned for the lapse. This is a likely testament to both procrastination spring. Membership renewal and event participation are and the significant industry challenges that important ways for members to support the Gulf Coast professionals and companies have experienced during Section and their own careers. this historic downturn over the past several years. There are some positive signs, though. For example, Charting New Territory in January, our new professional members reached The O&G industry is awash with news about 1,209. The biggest opportunity for the Gulf Coast advancements in digital technologies. While these Section remains membership renewals, attracting new technologies have immense potential to transform our members, and converting every student membership to industry and unlock value in ways never imagined, a professional membership. Thank you to every member the path forward is complex. The exponential growth who has renewed their commitment to SPE. For all in information flows, a rapidly growing number of members who may have allowed their membership to start-ups, and new digital solutions have created new lapse, now is the time to renew your commitment! challenges for the industry. While stable oil prices may be an ongoing, uphill challenge, it is encouraging to see positive signs on the horizon. On January 29, Reuters reported very Continued on page 3 encouraging news: 03CHAIR’S CORNER Remembering Chair’s Corner, Continued from page 2 DR. J. For this reason, the SPE-GCS Board of Directors ROGER HITE endorsed the formation of our new Data Analytics Study Group last year. The group, chaired by Supriya Gupta, kicked off its inaugural monthly meeting in January 2017. At each meeting, top industry Dr. J. Roger Hite passed away on February 15, professionals present exciting advancements in big 2018 at about 8:20PM in Tennessee with his wife data analytics. As a testament to their popularity, these Fran by his side. In August 2017, Dr. Hite was meetings have reached capacity nearly every month diagnosed with ALS-CIDP (Chronic Inflammatory and have provided a significant contribution to SPE’s Demyelinating Polyneuropathy). scholarship funding. Dr. Hite was a dedicated and hardworking member of the Society of Petroleum Engineers Building on this success, I am pleased to announce and his contributions were numerous. He chaired that the group will host SPE’s first-ever Data Science the Gulf Coast Section from 2006 – 2007. He was Convention. The event will be held at Norris Conference a current member of the SPE Board of Directors Centers – Houston CityCentre on April 19. The theme representing the Gulf Coast North America is “Transforming the Upstream O&G Industry with Region. In 2008, he received the international Advanced Data Science Solutions.” The convention will SPE Management and Information award, bring top executives, leading practitioners, academics, having previously received the Management and and innovators together to showcase applications and Information Regional Award. He was named advancements of data science and machine learning an SPE Distinguished Member in 2009. During his long career, he was active in the Gulf Coast that can benefit our industry. The group anticipates section, receiving the section's Service Award, and over 300 participants. Startup and technology serving on the section Board of Directors. companies will also exhibit their breakthrough solutions and technologies during the convention. The Dr. Hite’s career spanned more than 40 years. GCS Board is very excited about the work our section is He retired from Shell Oil Co. in 1999. He was the doing to help our members develop knowledge on E&P principal at Inwood Solutions, LLC. Dr. Hite also was the owner of Blackhorse Energy LLC, and had data science solutions while facilitating networking previously operated Business Fundamentals Group. and engagement between E&P companies and OFS and O&G technology/software firms. He earned a bachelor's degree in chemistry from Tulane, followed by a master's and doctorate Our bigger goal behind this convention is building a in chemical engineering from Princeton. He community of E&P data analytics enthusiasts in GCS also completed post-doctoral work in physical and bringing together key industry players to engage chemistry at the University of Munich. with SPE-GCS members. I would highly recommend Dr. Hite is survived by his wife Fran, his three this platform for anyone curious about the evolution children Brenda Hite Baxter, Susan Hite Hunt happening in O&G through artificial intelligence. and Kathryn Hite DeSousa along with six For more information, visit https://www.spegcs.org/ grandchildren. events/3800/. Some may wish to donate in Dr. Hite’s memory to Stay tuned in the coming months for news about our the ALS Foundation: newest initiative around IIoT. DONATE CHANGE JANUARY 2018 HAS ITS REWARDS. 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? 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