SPE Anderson Thompson Breakfast Series - Wolf of Wall Street: Using Reservoir Engineering Insight to Guide Oil & Gas Investment Decisions

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SPE - Society of Petroleum Engineers

WOLF OF WALL STREET: USING RESERVOIR ENGINEERING INSIGHT TO GUIDE OIL & GAS INVESTMENTS DECISIONS

Anderson Thompson Breakfast Series (Part 1 of 4)

Ever wonder why some operators seem to consistently perform better than others? Does it make you nervous to spend millions of dollars drilling, completing and stimulating wells without being able to predict how they will perform, much better than simply rolling the dice? These and other similar questions are not always front and center in the investment community, but are critical to profitability in the oil patch. The answers are elusive, but to even get close requires some insight into the reservoir and what drives production. There is a sea of oil and gas data that is used to generate research reports and investor materials. Conclusions that are reached from analyzing this data may appear logical, but are often incorrect. This presentation focuses on using reservoir engineering insight to sort through the noise, identify common fallacies and find hidden gems using publicly available oil and gas data. Topics to be presented-

  • Robbing PDP to pay PUD- The impact of infill drilling on reserves booking
  • If you torture data enough it will confess to anything- the peak rate fallacy, false causality and statistics 101
  • Unrealized potential – using reservoir insight to find hidden upside

7:30am-9:30am

Calgary Petroleum Club

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