Speaker: Dwayne Purvis, PE
Topic: The Economics of Shale Plays
Date: Wednesday, December 12, 2018
Location: Brookhaven College Geological Institute, (Map)
Cost: $25 if SPE member paying electronically in advance, $10 for students, retirees, and members in transition. All others $30. We will accept toys in place of payment for Toys for Tots.
- Reservation AND/OR Credit Card ONLINE Payment at:
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Dwayne Purvis, P.E. has spent over two decades in reservoir engineering and executive leadership as a consultant and operator. He has led or participated in hundreds of field studies and reserve analyses over dozens of basins in the United States and abroad, and he has participated in the sale or acquisition of projects valued from tens of thousands to billions of dollars.
Before starting his own consulting practice in 2015, he served Jetta Operating Company as Reservoir Engineering Manager and Reserves Manager. Prior roles include founder and Executive Vice President of consulting firm The Strickland Group and partner at Cawley, Gillespie & Associates.
Mr. Purvis has published on issues of reserves, risk analysis and shale reservoirs. He is a registered professional engineer in the state of Texas, member of SPEE, AAPG, SEG and a 25-year member of SPE.
The economics of shale plays do not actually turn out like the idealized slides of investor presentations. Wells are not average. Counties are not consistent. Recoveries do not increase with time. Costs do not decrease. Differentials decay. And they all go bust. Join us for a walk down memory lane and a few myth-busting lessons from the lifecycle of older plays.