Saturday, August 20, 2016

OCGS Talk - August 31st - Permian Basin Value Model



OKLAHOMA CITY GEOLOGICAL
SOCIETY
TECHNICAL CASE STUDY

August 31, 2016

SPEAKER: Jon Reynolds,
Petrophysicist
Glacier Geosciences, LLC

“Permian Basin Reservoir Characterization:
Generating a Value Model with
Petrophysics, Geosteering and Production”

OCGS DEVON GEOSCIENCE CENTER
10 NW 6th Street
OKLAHOMA CITY, OK 73102

WEDNESDAY August 31, 2016
Social Hour 4:30 pm – 5:30pm
Presentation 5:30 pm – 6:30 pm

Reservations are appreciated by Monday August 29th, 2016

Abstract:
The oil and gas industry is optimistic about 2017. In order to fully prepare for potential acquisitions a good basis of comparison is nice to have in your back pocket. The Permian Basin has a wealth of public data for Midland and Delaware Basin to build a value model to compare against potential deals within the basins and for comparison against other basins. The data also covers an important time period in the development of shale oil that can be used as a teaching tool. In this talk we will answer technical questions such as:

“How much does lithology matter when you drill your horizontal in the Permian Basin?”
“Is there enough data in the Permian to build a multi-mineral petrophysical model without core data?”
“What data is available for free?”
“What would I need to purchase to infill and map the whole basin?”

For example, in the University of Texas Lands database:
     1) 29 gigs of LAS Files
     2) 10,000+ LAS (1,900 with triple combo)
     3) 4,200+ wells
     4) Not including the thousands of rasters

This talk will cover:
     1) Using the available public data to build a multi-mineral petrophysics model without core data for porosity, saturation and identify flow units
     2) Determine which intervals of the different formations were targeted using directional surveys and gamma ray logs in order to group like wells for production analysis
     3) Analyze production, petrophysics, geomechanics and stratigraphy to
optimize target zone selection

Bio: Jon Reynolds

During the last ten years Jon has worked for American Energy Partners,
Chesapeake Energy, Fronterra Geosciences and Baker Hughes. Currently he is an
independent Petrophysicist and formed his own company, Glacier Geosciences.
His background includes working unconventional oil and gas shale plays across
the United States, Argentina, Mexico and Australia. These include but are not
limited to: Wolfcamp, Bone Springs, Spraberry, Point Pleasant, Marcellus,
Haynesville, Woodford, Vaca Muerta, Bakken, Eagle Ford, Buda, Velkerri, Kyalla,
Barney Creek, Lawn Hill, and Pimienta. This includes full scale basin wide
reservoir characterization of mineralogy, porosity, organic maturation, pressure,
volumetrics and reserves. He has developed techniques to handle large data sets
of tens of thousands of wells at a time to the small scale, high resolution
stratigraphic modeling.

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Drinks will be provided prior to the presentation.
Reservation is not required for the open house and presentation. An accurate
headcount will ensure a more enjoyable social hour. Thank you for your
consideration.
Please RSVP to Jennie.Reynolds@GlacierGeosciences.com
Name: ________________________________ Company: ____________________________

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