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Dallas 2020-11-12 SPEE Chapter Luncheon Meeting - Speaker: Dr. John Lee
Dr. John Lee “Well Interference in Production Forecasting for Unconventional Resources”
When: Thursday, November 12, 2020
Platform: Zoom videoconference
Presentation Begins: 12:00 pm
Cost: Free to register and participate
Please RSVP by 4:00PM CST Wednesday, November 11, 2020
Registration is limited to the first 300 participants
Process: Once you register your email address online, an invite link will be emailed to you the week of the meeting
Abstract: One of the most important issues that operators in resource plays have had to deal with in recent months is forecasting the impact of well-to-well interference on ultimate recovery. Some have ignored the possibility of increased interference with decreased well spacing, and have found that forecasts of future production were too optimistic. These optimistic forecasts have in turn affected capital available for investment in resource development. This presentation will discuss one solution to this problem, a rapid reservoir simulation approach. This is a physics-based approach to forecasting that incorporates the rigor of reservoir simulation and is as fast as performing traditional forecasting methods. It can incorporate well interference effects to help operators optimize well spacing and completion parameters to maximize production and NPV.
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. John is an Honorable Life member of SPEE.
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