Characterizing Shale Plays: The Importance of Recognizing What You Don't Know - by Brad Berg, Anadarko Petroleum, Distinguished Lecturer. Some key points: 1. Natural variance in Shale well performance can result in bad decisions but can be overcome by drilling enough wells to achieve statistical significance. 2. Decision behavior can have a substantial effect on the chance of success. 3. Understanding the uncertainties of Shale Plays is needed in order to successfully explore for them. #prospectplayanalysis #reservoirevaluation #DrillingandCompletions #shaleexploration #economicsevaluation #risk #ReservoirDescriptionandDynamics #ManagementandInformation