Denver 2019-10-23 Fundamentals of PRMS - Instructor: Dr. W. John Lee

Dr. W. John Lee, Texas A&M University, will be teaching a one-day course on Fundamentals of PRMS (with Updates for 2018 Revision)

When: Wednesday, October 23rd, 2019

Where:  Aspen Room (ground floor)
               1001 17th Street
               Denver, CO  80202

Parking: Visitor parking is available in the basement garage for $20/day or in the nearby buildings.

Registration CostA singular price of $750 USD per person will be collected for Members and/or Guests with credit card in advance. 

Please RSVP by Noon Monday, September 30, 2019

Class Instruction8:00am - 5:00pm. Check-in and breakfast will begin at 7:45am. Participants will receive lecture materials and exercises as well as a copy of PRMS, continental breakfast, and a lunch. 

Continuing education certificates will be provided to attendees. The short course will provide 8 professional development hours.

Course DescriptionThis 1-day course presents the fundamental components of the Petroleum Resource Management System (PRMS) of the Society of Petroleum Engineers (SPE) and provides examples of classification of recoverable volumes of oil and gas in prospective resources, contingent resources, and reserves as the prospects advance toward maturity.

The PRMS is an industry standard approach to classifying petroleum resources. Portfolio managers use it to support their evaluations and decisions.

At the end of the workshop, participants will fully understand the PRMS and how to allocate recoverable volumes to the appropriate reserve categories or resources, and to the project's maturity sub-class. The theoretical material of the course is complemented with exercises to strengthen the concepts on which PRMS is based.

The resource definitions and course presentations will focus on the specific methodologies used in PRMS. Topics include:

  • PRMS project background including the reasons for and topics included in the update
  • Major principles and key guidelines in PRMS
  • Principles of PRMS Classification of reserves
  • Prospective and contingent resources
  • Project maturity sub-classes
  • Conventional and unconventional classifications
  • Risk
  • Estimation and categorization of uncertainty
  • PRMS support for resources, project and portfolio management

Speaker Bio.John Lee is Professor of Petroleum Engineering at Texas A&M University. John holds BS, MS and PhD degrees in chemical engineering from the Georgia Institute of Technology. He worked for ExxonMobil early in his career and specialized in integrated reservoir studies. He later joined the Petroleum Engineering faculty at Texas A&M, and became Regents Professor of Petroleum Engineering. While at A&M, he also served as a consultant with S.A. Holditch & Associates, where he specialized in reservoir engineering aspects of unconventional gas resources. He joined the University of Houston faculty in September 2011 and held the Cullen Distinguished University Chair until September 2015. He served as an Academic Engineering Fellow with the U.S. Securities & Exchange Commission (SEC) in Washington during 2007-8, and was a principal architect of the modernized SEC rules for reporting oil and gas reserves. John is the author of four textbooks published by SPE and has received numerous awards from SPE, including the Lucas Medal, the DeGolyer Distinguished Service Medal and Honorary Membership. He is a member of the U.S. National Academy of Engineering and the Russian Academy of Natural Sciences.

No refunds are available. However, if you are unable to attend, you may send someone else in your place. They must bring a copy of this receipt with them.

For additional information, please contact:

Joe Young - Technical Training Chairman
JoeYoung@larocheltd.com
214-363-3337

Robert Schutzius - Denver Vice Chairman
Schutzius@Yahoo.com
720-547-8739

For event registration issues, please contact:
Rhonda Gathers - Internet Chairman
rhonda.gathers@gmail.com
303-249-4747

When
October 23rd, 2019 8:00 AM
Location
1001 17th Street
Aspen Room (Ground Floor)
Denver, CO 80202
United States
Cost
Per Person (USD) $ 750.00
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