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What Independents Need to Know about the Permian Basin-Past and Future

March 15, 2018 @ 1:30 pm - 5:00 pm CDT

$75 – $95

What Independents Need to Know about the Permian Basin: Past and Future

Thursday, March 15, 2018
Place: Petroleum Club, 35th floor in the Aramco Room
1201 Louisiana, Total Building
Time: 1:30 pm to 5 pm (after the SIPES March Luncheon)
Cost : $75 for SIPES Members/$95 for non-members.
Attend the SIPES Luncheon and stay for the SIPES Seminar
Seminar includes digital notes from the speakers.  Organizer: Linda Sternbach

First Speaker 1:30 pm

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Bill DeMis

Bill DeMis, President, Rochelle Court, LLC

“Why the Permian Basin has been a Historical Driver of U.S. Oil Patch Innovations: Why Looking Back Will Help Independents Look Forward”

Mr. DeMis will cover the rich history of Permian Basin as a center for applying new technologic innovations, from 3D seismic in exploration to horizontal drilling to the US’s first unconventional, basin-centered oil play. The Permian Basin today is the leader in unconventional oil production with ever-improving well performance from improved frack design leading to ever-improving well performance.  Additional topics will include: “failed shales,” a case study of the Barnett Shale and how to avoid plays like it, and: the importance of “land zones” to well performance, with an example from the Cline Shale of the Midland Basin.

There will be break with coffee and tea refreshments and time for networking.

Second Speaker

William (Bill) Fairhurst
TORA BEG Project Manager and
President / Founder, Riverford Exploration, LLC

Talk 1-  “Where Independents Should be Investing Time and Effort in the Permian Basin: Current Data analytics and the BEG Tight Oil Resources Assessment (TORA) Consortia”
and
Talk 2- “Geologic Integration by Independents’ Exploration that led to Discovery of the WolfBone Play, Delaware Basin.”

The Permian Basin, the most prolific oil-producing basin in the United States, with estimates of tight oil recoverable-resource potential in Midland basin varying from 20 billion barrels to75 billion barrels on the high end. TORA (Tight Oil Resource Assessment) is a multidisciplinary study of tight-oil-producing horizons in the Midland and Delaware Basins being done at the Bureau  of Economic Geology, Austin.  TORA studies tight oil formations including the Sprayberry, Wolfcamp, Bone Spring, and Avalon relying on comprehensive stratigraphic, petrophysical, fluid, and core description. The initial steps of this multiyear project is to build a detailed interpretive framework. In subsequent years, the framework will be incorporated in multiple research projects targeting different technical issues.

4:30 pm Q&A and seminar wrapup.

 

Seminar Sponsors:  Wilcox Oil (William Smith), Terrafirma (Bill Bippus) and Icarus (Barry Rava)

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Details

Date:
March 15, 2018
Time:
1:30 pm - 5:00 pm CDT
Cost:
$75 – $95
Event Category:
Event Tags:
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Organizers

Linda Sternbach
BK Buongiorno

Venue

Petroleum Club of Houston
1201 Louisiana Street, 35th Floor
Houston, TX 77002 United States
+ Google Map
Phone:
713-659-1431
View Venue Website