Simple Registration

When:  Dec 18, 2019 from 11:30 AM to 1:00 PM (CT)
Where:   Brookhaven College Geotechnology Institute (BCGI), Building H, 3939 Valley View Lane, Farmers Branch, TX, 75244, US
Community:   Dallas Section

Registration

Register as guest

When & Where



Brookhaven College Geotechnology Institute (BCGI), Building H
3939 Valley View Lane
Farmers Branch, TX 75244
US

Dec 18, 11:30 AM - 1:00 PM (CT)


Description

In lieu of payment, please feel free to bring $25 worth of toys to donate to Toys for Tots! If you plan to bring toys, please register and select "Register now and Pay Onsite"

Speaker:   Creties Jenkins, Partner at Rose and Associates

 

Topic:        How Not to Squander Billions on Your Next Unconventional Venture

 

Date:          Wednesday, December 18th, 2019 at 11:30 AM

 

Location:  Brookhaven College Geological Institute, (Map)

 

 Cost:  $25 if SPE member paying electronically in advance, all others $30

 

  • Reservation AND/OR Credit Card ONLINE Payment at:

http://www.spedallas.org/  
Please remember to bring your computer generated receipt to show that you have paid by credit card.

Abstract


Over the past 5 years, 200 North American oil and gas companies with nearly 110 billion dollars in debt have filed for bankruptcy. Many of these failures can be traced to a focus on production attainment instead of value creation, and pushing ahead with development before understanding whether the average well will be economic.

To mitigate these errors, opportunities should be evaluated using a staged approach and probabilistic tools including trumpet plots, confidence curves, and sequential aggregation plots. These tools help quantify the expected production variance and the number of appraisal wells needed to be confident of an economic development.

Most importantly, the process can be optimized to help ensure that if the project fails, it does so in the early stages when capital investments are relatively small. It’s also critical to document this work, compare it to your results, and make adjustments to do an even better job of delivering what’s promised next time.


Biography

Creties Jenkins (P.E., P.G.) is a Partner with Rose and Associates where he specializes in the characterization of unconventional reservoirs. Creties has carried-out integrated studies, field development planning, technical assurance, and resource assessment work for more than 50 companies around the world and has conducted more than 100 industry courses and workshops over the past decade. Creties has served as a technical editor, distinguished lecturer, and distinguished author for SPE and is a co-author of SPEE Monograph 4: Estimating Ultimate Recovery of Developed Wells in Low-Permeability Reservoirs. Creties has previously worked for Tenneco, ARCO, and DeGolyer and MacNaughton in his 30+ year career.

Pricing

registration type
regular
    Member
$25.00

    Non-member
$30.00

    Student
$10.00

    Unemployed
$10.00

Contact Information

Pragnya Maruwada

469-682-6554

pragnya.maruwada@denbury.com