Monday, May 07
Attendees will become familiar with the fundamentals of data-driven analytics and the most popular techniques that are used to perform such tasks such as conventional statistics, artificial neural networks, and fuzzy set theory.
This course will demonstrate through actual case studies (real field data from thousands of shale wells) how to impact well placement, completion, and operational decision making based on field measurements rather than human biases and pre-conceived notions.
- Basics of Artificial Intelligence and Machine Learning
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Tuesday, May 08
Our opening session will examine the macro forces affecting profitable shale development, such as the supply-demand balance, the impact of technological advances and potential bottlenecks on the horizon.
Having survived and overcome a grievous drop in commodity prices, how might a “lower forever” mindset affect the sector? How do shale developers make the shift from production growth to sustained profitability?
Reliable reserves estimation and efficient field development require an understanding of mineralogy, rock fabric and texture, petrophysical and geomechanical properties, and fluid characteristics. The complexities introduced by organic matter distribution and nano and micro-scale variations in matrix and pore structure make the characterization of shale formations remarkably challenging.
This session will examine the latest developments in unconventional reservoir characterization, including the integration of laboratory and field measurements from nano to reservoir scale.
With commodity prices stabilizing and activity levels increasing in several shale plays, developers are focused on deploying new technologies and work processes to improve and maintain margins under these new market conditions.
This session will focus on how such technologies are being identified, tested, and implemented to improve overall efficiency and yield cost savings.
Current economic conditions have focused many shale operators on infill drilling and stacked pay development within core acreage, relying on improvements in completion methods to maximize production and return on investment. Production records continue to be broken in all North American basins.
In this session, we will discuss approaches being used to push the envelope of lateral length, proppant and fluid loading, and other practices that deliver improved well results.
Wednesday, May 09
As shale development programs become increasingly mature and complex, the monitoring and control of producing wells—and soon, injecting them—is required to assess and optimize the efficiency with which the resource is being drained.
This session will explore methods being used to obtain feedback on completion performance and reservoir drainage, and to incorporate that data into reservoir models and future development plans.
Colossal quantities of data are being generated across the entire E&P value chain. Traditional technical workflows are being combined with new approaches for uncovering relationships within a multivariate, multi-disciplinary universe of data. Data mining and integration using sophisticated algorithms hold immense potential for answering fundamental questions about value creation.
This session will explore how companies are applying machine learning and predictive analytics to optimize field operations, production, error reduction, and costs.
Infill drilling programs are becoming more common as companies move from appraisal to full-field development mode. With that shift comes the challenge of drilling and completing close to existing wells and the potential positive or negative impacts of contact between adjacent wells.
This session will cover methods being employed to better understand these "parent-child" well interactions and the steps that might be taken to maximize recovery from both.
Unconventional resource development and the associated social license to operate challenges have attracted public and media scrutiny, highlighting gaps in current regulations and spawning a cottage industry of experts and practitioners.
In this session, we will discuss the practical implications of obtaining community support for oil and gas operations. Additionally, we'll highlight the need for collaboration and accountability between industry, academia, and government to develop and implement regulations that promote technically sound, environmentally sustainable, and economically viable operations.
Thursday, May 10
The single-digit recovery factors achieved during the primary depletion of shale reservoirs imply that improved or enhanced oil recovery (IOR/EOR) will be required to achieve satisfactory return on invested capital. Successful IOR/EOR projects will involve a systematic program of laboratory testing and simulation studies, followed by carefully designed and executed field pilots to assure commercial feasibility before field-wide implementation.
In this seession, we'll discuss the latest developments in unconventional EOR design, simulation, and evaluation.
We will close the workshop with an opportunity to reflect on what we have heard and learned, and to discuss topics that have not been covered during the scheduled program.