Reserve Estimation for Unconventional Resources

22nd-24th August 2011, Houston

Benefits of attending
Examine the applicability of the Arps decline curve model and consider alternatives that may be more appropriate Assess the benefits of integrating volumetric and performance based assessment techniques when working in unconventional reservoirs Determine proved areas in unconventional resource plays Ensure regulatory compliance by examining the systems of the ASC and SEC, and consider the best ways to classify PUDs Make volumetric estimates as accurate as possible by examining the complex geology and characteristics of shale gas and CBM plays Maintain internal control over reserve estimation and establish an audit trail

Increase reserve estimation accuracy and ensure regulatory compliance when working with unconventional resources

Expert speaker panel includes

Ian McDonald (Conference Chairman) Internal Qualified Reserves Evaluator Nexen Inc Paul Lupardus Director Corporate Reserves Chesapeake Energy Kurt Steffen Senior Exploration Geologist ExxonMobil Dr. John Lee Regents Professor of Petroleum Engineering Texas A&M University David Fulford Senior Reservoir Engineer, Planning and Reserves Devon Energy Mike Adams Internal Qualified Reserves Evaluator Talisman Energy Samantha Meador Business Opportunity Manager, New Ventures/New Business Shell Dr Michael Hohn Director and State Geologist West Virginia Geological and Economic Survey Louis Mattar President Fekete Associates Inc. David Pena Senior Reservoir Engineer Hess Corporation

d an 00 rly $7 e a to ok up Bo ve sa

Workshops: 22nd August 2011

Forecasting Production and Estimation Reserves in Unconventional Gas Reservoirs Dr. John Lee Regents Professor of Petroleum Engineering Texas A&M University

Lead sponsor

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Reserve Estimation for Unconventional Resources

Benefits of attending
Are you employing the most effective methodology for estimating reserves in unconventional reservoirs? Complex geology, a lack of historical production data and the potential inapplicability of conventional estimation techniques are just a few of the issues that create challenges when attempting to calculate reserve estimates in unconventional reservoirs. Reserve Estimation for Unconventional Resources will provide you with the opportunity to explore these challenges alongside your industry peers. The agenda encompasses both the intricate technicalities of reserve estimation alongside the issues surrounding reporting and classification. This meeting will explore the views of leading industry figures, regulatory bodies and leading academics to provide an overview of best practice for reserve estimation when working in unconventional reservoirs.

Houston

22nd-24th August 2011

Feedback on the programme

This is a great topic of interest at this time and we are eager to participate
James L. Bowzer Vice President, North America

Marathon Oil

Your conference is very timely and definitely needed

Rick Castiglioni Senior Reservoir Engineering Advisor

Attend Reserve Estimation for Unconventional Resources and: Enhance your understanding of techniques for applying the Arps decline curve model to unconventional reservoirs. Devon Energy discuss the modifications they have made to the Arps equation to model the transition from linear flow to boundary dominated flow Consider alternatives to the Arps equation. Dr. John Lee will discuss the applicability of semi-analytical models such as the long duration linear-flow model Embrace the benefits of combining both volumetrics and performance based assessment for a comprehensive assessment of unconventional reservoirs. ExxonMobil examine this technique for utilising the information available in an effective manner Assess reservoir simulation methods for use in unconventional reservoirs. Look at numerical model gridding techniques and discrete fracture network modelling integration with Hess Corporation Ensure you are determining your proved resources accurately and correctly complying with SEC and ASC regulation. Join Chesapeake and Talisman Energy to establish best techniques for booking PUDS and making assessments as accurate as possible Establish best practice for internal processes to ensure reserves estimations are correctly validated. Nexen will discuss the control frameworks they have implemented

Forest Oil

Impressive set of speakers you have lined up!

Mark Roach President

PetroHarvester Oil and Gas

The agenda is on target and should highlight the key areas of interests. There should be a lot of interest in this symposium
Mark Eck Haynesville General Manager

Samson Resources

Hear what previous attendees have to say

Exactly what I was looking for
Lorenzo Sopex Sanchez Repsol

Who should attend?

This conference will be tailored to those directly involved in estimating, classifying and reporting on reserves in unconventional reservoirs. The content will be relevant to: Reservoir Engineers Reservoir Geologists Senior Reservoir Engineers Staff Reservoir Engineers Reservoir Engineering Managers VP Reservoir Engineering Head of Corporate Reserves

Good opportunity to meet and catch up with industry leaders and update about current services
Tarek Tamimi

Search groups for: Unconventional Resource Reserve Estimation to join the online community

Crescent Petroleum Company

Tel: +1 212 537 5898

www.reserve-estimation.com

Reserve Estimation for Unconventional Resources

Day 1
08.30 Registration and coffee 09.00 Welcome Rachel Clarkson, Event Director 09.05 Chairmans opening remarks Ian McDonald, Internal Qualified Reserves Evaluator, Nexen Inc.

Houston

22nd-24th August 2011

23rd August 2011

Techniques for Achieving Best Possible Accurate Reserves Estimates

14.00 Reservoir simulation techniques and models for unconventional resources reserves and performance estimation Numerical modeling gridding techniques Discrete fracture network modeling integration David Pena, Senior Reservoir Engineer, Hess Corporation 14.40 Application of modern pressure & rate analysis to reserve estimation for unconventional resources Recent developments in performance based reservoir analysis for unconventional resources, including normalized decline methods Modifications for stress-dependant permeability, multiphase-flow (de-watering in CBM resources) Practical limitations in resource analysis due to nonunique models and reservoir characterization. Impact of data filtering, processing, smoothing Colin Lyle Jordan, Consulting Research Engineer, JSW Innovations 15.20 Emerging shale gas plays of the Appalachian Basin A brief history and geography of the Marcellus Shale gas play The geological factors affecting production from the Marcellus Shale : what we know about production On the horizon: Utica Shale Dr. Michael Hohn, Director and State Geologist, Virginia Geological and Economic Survey

Estimating Reserves in Unconventional Reservoirs

09.10 Estimating reserves in unconventional gas reservoirs Consider the fact that volumetric reserves estimation techniques lack needed formation properties Examine why traditional decline trend methods, like Arps model, are usually inappropriate Look at semi-analytical forecasting models, such as a long-duration linear flow model Dr. John Lee, Regents Professor of Petroleum Engineering, Texas A&M University 09.50 Teaching an old dog new tricks: The Arps equation in unconventional resources Arps empirical basis and its parameters ties to real world production data Reservoir flow models and what they imply for the Arps equation Modifying Arps for use in transient flow systems David Fulford, Senior Reservoir Engineer, Devon Energy 10.30 Spotlight Session: Energy Navigator 10.40 Coffee and information sharing 11.40 Raw data to reserves: A robust workflow for evaluating unconventional reservoirs See a real demonstration of best practices for unconventional well performance analysis and modeling Leverage the value of advanced, rigorous modeling techniques Learn how to efficiently integrate reservoir engineering into your reserves evaluation and management process Dave Anderson, Vice President Software, Fekete Associates Inc. 12.20 Integration of volumetric and performance based assessment techniques for unconventional (continuous) resources Assessments of opportunities in early play stages are largely volumetrically based, while in later stages performance based techniques are typically used. Many critical business decisions are made when minimal performance data is available. This session will examine the ability to integrate volumetric and performance based information in a combined assessment. Kurt Steffen, Senior Exploration Geologist, ExxonMobil 13.00 Lunch

Probablistic vs. Deterministic Methods

16.00 Coffee 16.20 Testing considerations in unconventional reservoirs Examine why traditional test methods fail in unconventional reservoirs Discuss operational considerations for adapting minifrac tests Demonstrate how easily minifrac tests can be analyzed to provide valuable reservoir information Marty Santo, Senior Technical Advisor and Louis Mattar, President, Fekete Associates Inc. 17.00 Round table discussion: Using probabilistic and deterministic methods Consider the benefits of using both probabilistic and deterministic methods Evaluate when it is best to use these methods and which is most appropriate in different circumstances Facilitated by Mazher Ibraham, Specialist Reservoir Engineer, EOG Resources 17.40 Chairmans Closing Remarks 17.50 End of Day One 19.00 Networking Dinner

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Reserve Estimation for Unconventional Resources

Day 2
09.00 Welcome - Rachel Clarkson, Event Director, Hanson Wade 09.05 Chairmans opening remarks Ian McDonald, Internal Qualified Reserves Evaluator, Nexen Inc.

Houston

22nd-24th August 2011

24th August 2011

13.40 Defining the project: Risk assessment and resource allocation Define the project to deliver business objectives Assess project risks and define the development plan Maximize return on investments through optimized allocation of resources Manage the long term objectives by introducing techniques to maintain the project delivery in line with business objectives Samantha Meador, Business Opportunity Manager, New Ventures/New Business, Shell 14.20 Coffee break

Classification, Reporting and Regulatory Compliance

09.10 Determining proved areas in a resource play To make an accurate assessment you must understand the geology first Establishing the proved area to book PUDs under SEC guidelines requires more than one location Repeating the law of transitive properties on multiple datasets can create a nearly unique solution to the proved area question; albeit some subjective decisions need to be made during the analysis Paul Lupardus, Director Corporate Reserves, Chesapeake 09.50 The challenges of disclosing both proved and probable reserves for shale gas developments Talisman Energy, unlike its US peers, discloses both 1p and 2p reserves Review the several different methods used to estimate PDP reserves Examine how the total number of wells drilled also affects the extent of the PUD areas assigned Mike Adams, Internal Qualified Reserves Evaluator, Talisman Energy 10.30 Coffee and networking 11.00 Round table discussion: Understand how to classify PUDs using the SEC regulations and what volumes you can assign to those PUDs quantifying the proved area Deploy capital strategically to successfully convert older PUD reserves into production and PDP reserves Can several PUD locations be converted into a horizontal PUD location to be drilled later? When should these reserves expire, and what if different locations have different booking years? Facilitated by Dr. John Lee, Regents Professor of Petroleum Engineering, Texas A&M University 12.00 Lunch

CoalBed Methane and Oil Sands

15.00 Integrating disciplines to generate reserves estimates Going back to basics and using simpler techniques to estimate reserves Employing non-seismic techniques and understanding the benefits of this Michelle Brown, Chief of Staff, Black Elk Energy 15.40 Estimating gas content in coalbed methane reservoirs without coring: A case study Highlight technical aspects of methodology developed by Yates Petroleum Corporation in early 2000s Compare projected gas contents before development with those backed out from actual cumulative production in now nearly depleted areas where EURs can be reliably predicted by decline curve analysis Present approach to valuation of a coalbed methane prospect Frank Carlson, Reservoir Engineer, Yates Petroleum 16.00 Chairmans closing remarks 16.10 End of Reserves Estimation for Unconventional Resources

Economic Considerations, Risk Assessment and Project Definition

13.00 Establishing and maintaining adequate internal control over reserves estimates, and attesting to corporate governance surrounding processes that validate and tests the estimates used Review the benefits and best practices for following a comprehensive system to remove biases Examine the importance of reserves auditing, the role of the reserves auditor, and the keys to working successfully with reserves auditors Look at ways of gaining investor confidence by employing appropriate processes and an audit trail Ian McDonald, Internal Qualified Reserves Evaluator, Nexen Inc.

Team Discounts
Companies booking in delegations benefit from more effective networking coverage, increased event presence and discounted rates. To book a delegation package, please call +1 212 537 5898 or email register@hansonwade.com Single Booking Attendance 33.3% 38.8%

2 Booking Attendance 3+ Booking Attendance

22.2%

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Reserve Estimation for Unconventional Resources

Houston

22nd-24th August 2011

Forecasting Production and Estimating Reserves in Unconventional Gas Reservoirs

22nd August 2011 9:00 16:00

Description: This one-day course will provide you with the skills and understanding needed to forecast production and estimate reserves in unconventional (ultra-low permeability) gas reservoirs. Who Should Attend The course is for engineers and geoscientists and others who are interested in evaluating unconventional reservoirs or in understanding evaluations submitted by outside parties. Why You Should Attend In this course youll learn the strengths and weaknesses of both common and emerging approaches to forecasting production and estimating reserves in unconventional gas reservoirs. This course will give you the competence to forecast production and estimate reserves for individual gas and oil wells and reservoirs using state-of-the art methods.
Workshop leader
Dr. John Lee Regents Professor of Petroleum Engineering Texas A&M University

Dr. John Lee holds the L.F. Peterson Endowed Chair and is a Regents Professor of Petroleum Engineering in the Harold Vance Department of Petroleum Engineering at Texas A&M University. John received B.ChE, M.S., and PhD degrees in Chemical Engineering from the Georgia Institute of Technology. He spent 15 years with ExxonMobil, leading teams on reservoir studies, and joined the Texas A&M faculty in 1977. While at A&M, he also worked with S.A. Holditch & Associates, petroleum engineering consultants, from 1980 to 1999, specializing in reservoir engineering aspects of low permeability gas reservoirs. He served as an Academic Engineering Fellow with the U.S. Securities and Exchange Commission from October 2007 to December 2008. As an SEC Fellow, he coordinated the technical aspects of the SECs modernization of oil and gas reporting regulations. He has received numerous awards from the Society of Petroleum Engineers, including the Anthony Lucas Medal, the DeGolyer Medal, and Honorary Membership. He is a member of the U.S. National Academy of Engineering and the Russian Academy of Natural Science.

Sponsorship opportunities
If your organization could benefit from raising profile, promoting products and services or developing new partnerships and provides solutions for those working in unconventional reservoirs, contact:
Miles Harley
tel: +44 (0)20 3141 8700 email: miles.harley@hansonwade.com

Working with Hanson Wade

When you work with Hanson Wade you work with a partner focussed on your success. Your investment in both time and money needs to generate a return. Our clients want that too and thats why they work with us. They want to reach a targeted audience and eliminate wastage from their marketing activities. They work with us because we deliver results. Were proud of this fact. Our research identifies ground breaking issues and allows you to influence industry thinking at an early stage. Our expertise is recognised and respected by the industry. And our events are focussed, leading edge and attended by people looking for knowledge before making decisions.

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Reserve Estimation for Unconventional Resources

Speakers
Michelle Brown Chief of Staff Black Elk Energy Paul Lupardus Director Corporate Reserves Chesapeake Energy

Houston

22nd-24th August 2011

Michelle Brown is Chief of Staff at Black Elk Energy. Ms. Brown is a Chemical Engineer with over twelve years of industry experience in field development, operations, and management onshore and offshore.

Throughout his career Paul has focused upon onshore U.S. assets, tight gas, and resource based plays. Paul is a member of SPE and chairman of the Industry Advisory Committee for Marietta College.

David Fulford Senior Reservoir Engineer, Planning and Reserves Devon Energy

Mazher Ibrahim Specialist Reservoir Engineer EOG Resources

Davids most recent role was as a reservoir engineer working with tight gas sands and unconventional resources. David received his BS in Petroleum Engineering from Texas Tech University in 2006.

Mazher has 20 years of experience of petroleum engineering in teaching and field experience. He worked as Senior Reservoir Engineer with BP for three years and with El Paso for one year.

Kurt Steffen Senior Exploration Geologist ExxonMobil

Louis Matter President Fekete Associates Inc.

Dave Anderson Vice President Software Fekete Associates Inc.

Marty Santo Senior Technical Advisor Fekete Associates Inc.

Kurt holds a BA in Geology, a Master of Science degree and a Doctorate degree in Earth and Planetary Sciences. Kurt has been with ExxonMobil for six years.

Louis Mattar previously worked for the EUB where he wrote Gas Well Testing - Theory and Practice (1975). He taught reservoir engineering at the University of Calgary and has authored 50 publications.

Dave Anderson has worked at Fekete since 1996, and has experience in reservoir and production engineering, gas gathering system analysis and well test analysis. He is an expert in Production Data Analysis.

Martin Santo has been with Fekete 30 years. Before assuming his current role, Martin was manager of Feketes well test analysis group. Martin coordinated the integration of practical applications into F.A.S.T. WellTest.

David Pena Senior Reservoir Engineer Hess Corporation

Colin Lyle Jordan Consulting Research Engineer JSW Innovations

Ian McDonald Internal Qualified Reserves Evaluator Nexen Inc.

David has 8 years of petroleum engineering experience, with 6 years of specialized reservoir engineering training in fields in USA (Conventional & Unconventional), Norway, Australia, Kazakhstan, China, Libya and Venezuela.

Colin Jordan has fifteen years experience in reservoir engineering / petroleum research, particularly reservoir characterization for unconventional gas. He has worked on various unconventional projects throughout the world.

Ian McDonald is responsible for the estimation and disclosure of the companys reserves. Ian participated with the implementation of new Canadian oil and gas disclosure rules, and in reorganizing Nexens reserves processes.

Samantha Meador Business Opportunity Manager, New Business/New Ventures Shell

Samantha (Sam) Meador is Business Opportunity Manager (BOM) with Shell in the New Ventures/Business Development organization. Her primary responsibility is for opportunity identification and execution for unconventional resources focused in North America.

Michael Adams Internal Qualified Reserves Evaluator Talisman Energy

Dr. John Lee Regents Professor of Petroleum Engineering Texas A&M University

Mike Adams has been the Internal Qualified Reserve Evaluator at Talisman Energy in Calgary since 2004. He is responsible for the preparation, validation, audit and submission of the corporate reserves report.

Dr. Lee has received numerous awards from the Society of Petroleum Engineers. As an SEC Fellow, he coordinated the technical aspects of the SECs modernization of oil and gas reporting regulations

Dr. Michael Hohn Director and State Geologist West Virginia Geological and Economic Survey

Frank Carlson Reservoir Engineer Yates Petroleum

Dr. Michael Hohn holds a B.S. in geology from Binghamton University and Ph.D. from Indiana University. He has published a book on geostatistics and over fifty papers on energy resources.

Frank has a BS and MS in Petroleum Engineering from University of Wyoming; MBA and JD from University of Tulsa. He worked for 13 years with Amoco Production Research in Tulsa, Oklahoma.

Tel: +1 212 537 5898

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Reserve Estimation for Unconventional Resources

Attendee breakdown
Expected Breakdown of Attendees

Houston

22nd-24th August 2011

Lead Sponsor

20%

20%
Fekete is a leading provider of reservoir and production engineering software tools. Using the extensive expertise developed in our engineering services group, Fekete has developed a reputation for providing innovative and practical software solutions. Established in 1973, Fekete has always focused on tackling the upstream industrys greatest technical challenges. Unconventional reservoirs are one of the industrys current challenges, and Fekete has evaluated hundreds of unconventional oil and gas wells over the past few years. This has lead to substantial research and development of the best practices and software tools for unconventional well performance evaluation.

10%

30% 20%

Reservoir Engineer Senior Reservoir Engineer Head of Corporate Reserves Reservoir Engineering Managers Reservoir Geologists

Spotlight sponsor

Media partners

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Reserve Estimation for Unconventional Resources

Houston

22nd-24th August 2011

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MKT
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Conference + Full Day Workshop US$2997 + Networking (SAVE US$700) Dinner** Conference Only + Networking Dinner** Full Day Workshop Only** US$2198 (SAVE US$300)

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Venue Renaissance Houston Greenway Plaza Hotel 6 Greenway Plaza East, Houston, Texas 77046 USA Accommodation Overnight accommodation is not included in the registration fee. You will receive accommodation options on registration.
*Early Bird discounts require payment at time of registration and on or before the cut-off date to receive any discount. **The conference fee includes lunch, refreshment course documentation. The fee does not include travel or hotel accommodation. All discount offers (including team discounts) require payment at the time of registration to receive any discount. All of the conference packages include networking dinner. If you would like to opt out please tick here: and $100 will be deducted from your package. All discount offers (including team discounts) require payment at the time of registration to receive any discount. Early Bird discounts require payment at time of registration and on or before the cut-off date to receive any discount. All discount offers cannot be combined with any other offer. The conference fee includes lunch, refreshments and course documentation. The fee does not include travel or hotel accommodation.

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