SPE PERMIAN BASIN SECTION
D
2020 ‐ I
195
D H
CO2 Conference © Chris an Rooney Photography
2
D
T
2020 ‐ I
195
C
SPE Permian Basin Calendar of Events…………………………………………………………………………………….3 Chairman’s Corner………………………………………………………………………………………………………………….4 CO2 Conference….……………….…………………….………...…….…………………………………………………………..6 SPE Permian Basin Sec on Mee ng…………………………….………………………………………………………….8 SPE PB Comple ons and Opera ons Study Group.…….…………………………………………………………10 Texas Tech SPE Fall Golf Tournament Highlights…………………………………………………………………….12 SPE Permian Basin 9th Annual Spor ng Clay Shoot Highlights………………………………………………13 SPE PB Young Professionals Ugly Sweater Toy Drive..….…………………………………………………………16 SPE PB Young Professionals November Events in Review..…....….…………………………………………..18 SPE PB Young Professionals Member of the Month...………….………………………………………………..20 SPE PB Young Professionals Mentorship Program…...………….………………………………………………..21 Midland College PPDC Industry Training…………………………………………………….…………………………24 Note from the Editor..…..………………………………………………………………………………………………………26 SPE Permian Basin Board………………………………………………………………………………………………………27
ADVERTISE IN THE PIPELINE Contact Miranda Jones and Ryan Yarger for affordable pricing! mijones@sm‐energy.com
ryan_yarger@eogresources.com
3
D
2020 ‐ I
195
SPE P
B D
S
M
C
E 2020
T
W 2
T 3
F 4
S
1
5
6
7
8 9 10 11 CO2 Conference CO2 Conference CO2 Conference SPE Sec on Mee ng SPE YP Ugly Sweater Toy Drive for CASA
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
COVID‐19 Event Status Effects Considering recent events related to travel and health advisory warnings concerning COVID‐19, several SPE events statuses may have changed. st Canceled — December 1 – URTeC One‐Day Workshop Suspended — All physical SPE ESG mee ngs through the holidays We encourage our members to exercise cau on and stay safe during this me. Please subscribe to our email distribu on list, join our SPE Permian Basin LinkedIn group, and monitor these feeds to receive the most up to date informa on related to upcoming SPE event ac vi es and mee ngs.
Publica on of the SPE‐PB Sec on
h p://connect.spe.org/PermianBasin/
4
CHAIRMAN’S CORNER
D
2020 ‐ I
195
Yogashri Pradhan SPE‐PB Chairman 2020‐2021 Senior Reservoir Engineer Endeavor Energy Resources For this Chairman’s corner, instead of a technical literature review, I decided to discuss how the oil and gas industry has influenced my life and could influence the life of others. This year is full of many changes for all of us, but it especially brought my husband and I closer together. I moved to Midland in April 2018 when commodity prices were picking up so I could start a new job. I met my husband in July 2018, when he moved to Midland to start a new job as well. Our passion about the oil and gas industry, especially working in the Permian Basin, brought us together. I got him to volunteer for SPE at the local level, as we are both passionate about SPE. Li le did he know that I would overwhelm him with volunteer opportuni es. It started with a study group, then it was volunteering for a Symposium, and now he is a fellow Board member for the local sec on. We both like to be a part of technical ini a ves and try to give back as much as possible to the organiza on. We both like to give back to the community in Midland, whether if it is volunteering at the West Texas Food Bank or building houses at Habitat for Humanity. He probably figured out my now that I got him involved because it was a way for us to spend more me together. The plan did work, a er all. Back in March, when the en re country was on lockdown, my now husband proposed to me. We knew we wanted a small wedding, and we were sure that Midland County City Hall was going to be our des na on wedding. Because we are passionate about our careers, my husband suggested the idea that we would get married on a wellsite. At first, I was hesitant, but realized that the plan might be unique enough to work. I emailed the sole proprietor of the company I work for, and he fully supported us to get married on one of my company’s wellsites. The produc on team was also very suppor ve, as they prepared the wellsite loca on for our wedding service. (Con nued on Next Page)
5
D
2020 ‐ I
195
Yogashri Pradhan and Ryan Yarger on their wedding day.
CHAIRMAN’S CORNER We got married on October 17th, 2020 at the Tex‐Harvey Spraberry 941H. A small gathering of our close family and friends a ended our service, while we also livestreamed the event on social media. We are enjoying our married life, and our friends and family are jokingly telling us that if we made it this far we “made it past the hard part.” The oil and gas industry influenced my husband and I’s lives to say the least. I hope that the industry has impacted you in a posi ve way, as it has done to us. I also hope that you all have a wonderful winter holiday as well. May you all be safe and healthy with your families.
Congratulations and Warmest Wishes from the SPE Permian Basin Board to the happy couple!
6
CO2 Conference
D
2020 ‐ I
195
7
D
2020 ‐ I
195
8
D
SPE PB
2020 ‐ I
195
SPE December Sec on Mee ng
Op mal Well Spacing in all Key Areas of the Permian Basin by Landing Zone Alexandre Ramos‐Peon 11:30 AM Thursday, December 10, 2020 Permian Basin Sec on RSVP by scanning the QR code or using the link below.
RSVP: h ps:// nyurl.com/SPEDEC20 Cost: $10 Members in Transi on and students who want a discount can reach out to fakintunji@unitexoil.com
9
D
2020 ‐ I
195
SPE PB
SPE December Sec on Mee ng Abstract: Op mal well spacing remains one of the major topics of debate in the development of unconven onal oil plays. There is s ll no consensus among operators with respect to the choice of an ideal development strategy. Some large operators with high‐value acreage may apply conserva ve well spacing, confident about their ability to maximize recovery and present value per well without confron ng the challenges of interference associated with denser spacing. Given that the market acknowledges the long‐term acreage poten al for these companies, this strategy allows to maintain investor confidence with no nega ve impact on enterprise value. Meanwhile, smaller operators may prefer aggressive down‐spacing programs to maximize their asset’s value. In general, with the ini al increase in the number of wells per spacing unit, NPV increases linearly while rate of return does not degrade. Once frac interference starts eroding well produc vity, the rate of return starts declining. Yet NPV per unit s ll increases before produc vity degrades too steeply. The op mal number of wells per sec on is found somewhere between these two inflec on points. The exact choice will depend on operator or investor preference, which is maximiza on of either return or total value, the la er being more capital‐ intensive. This paper provides a comprehensive overview of the op mal spacing range for some areas of the Permian Basin (Midland North/South, Delaware Texas/New Mexico) and key landing intervals (different zones of Wolfcamp, Spraberry and Bone Spring). The results have significant prac cal value for E&P operators involved in the ongoing development of the Permian Basin. Previous research in the area was normally focused on individual case or operator studies. To our knowledge, this paper is the first a empt to address the choice of op mal well spacing in the whole Permian Basin. The results of the paper could be interpreted as Permian E&P playbook when it comes to the selec on of well density. Biography: Alexandre Ramos‐Peon is Vice President for Rystad Energy’s Shale Research team. He is responsible for mely and accurate processing U.S. well‐level E&P data into a comprehensive North American upstream database. He develops sta s cal models for industry trends analysis, with par cular focus on empiric produc on profiles, well spacing, and produc vity drivers in unconven onal reservoirs. In addi on, he is ac ve in research and development of modern data‐ scien fic forecas ng methods. Alexandre holds a PhD in Mathema cs from the University of Bern in Switzerland, and a master’s degree from Padua (Italy) and Paris‐Orsay/Polytechnique/ENS.
10
D
SPE PB C&O SG
2020 ‐ I
195
SPE Permian Basin Comple ons and Opera ons Study Group
Paren ng Strategies for Underperforming Children January 7, 2021 11:30 AM – 1:00 PM Petroleum Club of Midland
Chad Senters ProTechnics Abstract: Nega ve fracture driven interac ons (FDIs) have the poten al to damage offset producing wells. Overlap in well drainage area can significantly increase drilling and comple on costs and poten ally reduce recovery, as well. Inter‐well communica on and FDIs are influenced by several factors, including well spacing, landing intervals, well comple on, s mula on treatment design, etc. Several mi ga on techniques are available for the primary (parent) wells as well as the infill (child) wells. This presenta on outlines methods to test and op mize drilling and comple on programs through the surveillance of inter‐well communica on and FDIs. Case history data from mul ple projects will include inter ‐well communica on observa ons, FDI findings and mi ga on technique results. Biography: Chad Senters is the Region Engineering Advisor for the ProTechnics division of Core Laboratories specializing in comple on diagnos cs. Chad has over 15 years of experience in the oil and gas industry including s mula on, coiled tubing and downhole tools in addi on to comple on diagnos cs. Chad is a graduate of the Missouri University of Science and Technology (formerly the University of Missouri Rolla) with a BS in Chemical Engineering and graduate cer ficate in Management and Leadership. Senters is a very ac ve member of the Society of Petroleum Engineers – Oklahoma Sec on and Society of Petroleum Engineers Interna onal.
Register at SPE‐PB Comple ons and Opera ons Study Group Website: h ps://www.cosg.spepb.org Pre‐Registra on through 1/6/2021 ‐ $30
|
On‐site Registra on for 1/7/2021 ‐ $40
Next Mee ng: 2/4/2021 — B3 Insights
11
D
2020 ‐ I
195
12
SPE TTU
D
2020 ‐ I
195
Texas Tech SPE Fall Golf Tournament Highlights A big thank you to sponsors, students , volunteers and a endees who par cipated at the Texas Tech SPE Fall Golf Tournament in October. (Photography by Ashley Leon)
13
D
2020 ‐ I
195
SPE PB
SPE Permian Basin 9th Annual Spor ng Clay Shoot Highlights The 9th Annual Plays & Clays Shoot presented by Concho Resources at Jake’s Clays in October was a hit! Thank you to our generous sponsors and a endees! (Photography by Ashley Leon)
14
D
2020 ‐ I
195
15
D
2020 ‐ I
195
16
SPE PB YP
D
2020 ‐ I
195
SPE Permian Basin Young Professionals Upcoming Events December Ugly Sweater Toy Drive for CASA Thursday, December 10, 2020 | 5 ‐ 7 PM | The Blue Door Pa o RSVP Link: h ps:// nyurl.com/SPEPBUGLYSWEATER Come join SPE YP's at our Annual Ugly Sweater Social benefi ng CASA (Court Appointed Special Advocates for Children) of West Texas! Please note Venue COVID Protocol and observe the list of suggested gi s below.
For SPE YP Sponsorship Opportuni es, please contact YP Chair Shivani Vyas (shivanivy928@gmail.com) for more informa on. LinkedIn: www.linkedin.com/company/spepbyp/ h ps://connect.spe.org/permianbasin/youngprofessionals Contact Us: SPEPermianYP@gmail.com
17
D
2020 ‐ I
195
SPE PB PB YP YP SPE
18
SPE PB YP
D
2020 ‐ I
195
SPE Permian Basin Young Professionals November Events in Review We would like to thank SPE YP members and the SPE Texas Tech University and UT Permian Basin Student Chapters for par cipa ng at the Midland College ‐ Petroleum Academy November Community Service event, teaching students about the oil and gas industry. We would also like to give an honorable men on to our community service chairs Taylor Reeves and Sara Foster for coordina ng this great event.
19
D
2020 ‐ I
195
SPE PB YP
SPE Permian Basin Young Professionals November Events in Review We also had a great turn out at our November Golf Social at Nueva Vista Golf Course. We look forward to seeing everyone at our next event!
20
SPE PB YP
D
2020 ‐ I
195
SPE Permian Basin Young Professionals Member of the Month This month the Young Professionals group would like to honor our Membership Chair, Ri hy Son, who has ac vely served on the YP board for the last 2 years. Ri hy currently works as a Produc on Engineer for SM Energy, and was previously with the Drilling Engineering team. He has consistently volunteered at our community service events and ini ated and coordinated the SPE YP Mentorship Program. Please reference below to learn more about Ri hy, his commitment to SPE and his advice for other young professionals. Where is your hometown and how long have you been in the Permian Basin? My hometown is Carrollton, TX and I’ve lived in the Permian for almost 5 years What is one fun fact that our Members should know about you? Ask the Midland Habitat for Humanity about my lawnmowing skills – I’m famous. If you’re looking for guaranteed fun in the WTX sun, volunteer with them! What commi ed you to join SPE Young Professionals? Everyone has at least one brush with des ny in their life. I was fortunate enough to meet our former YP chair Fumi Balogun in 2019 who’s dedica on and passion for SPE YPs would have convinced anyone to join up. As a Young Professionals' Membership Chair, what resources would you suggest our members to u lize as they con nue to strive through difficult mes? Spend me (re)connec ng with your network with a brief call/message to share that you care about them. It’s an understatement to say that things are difficult right now, but there are likeminded folks (shameless plug for the YPs here) that would look forward to the opportunity to go through whatever these challenges are, together with you. If there’s anything I can do to be of service, feel free to email or contact me at 469.463.4992 (including weekends). What's the best advice you were ever given? Who was it from? “If you know everything, you can’t learn anything.” My father gently reminds me of this common self decep on, paraphrased of course. What message would you like to give our readers this month? SPE is a community effort which reflects both our successes and setbacks. If you’ve observed opportuni es that would make a difference and have cri cal feedback on the organiza on’s programs, please help us improve by sharing them. The best is yet to come. What is your most memorable volunteering moment with SPE? TTU supports an elementary to high school LEGO robo cs compe on in WTX. Co‐judging with TTU SPE and watching the good work teams invested in their successful designs was fun enough to make an Aggie throw his guns up.
21
D
2020 ‐ I
195
SPE PB YP
SPE Permian Basin Young Professionals Membership Program The SPE Young Professionals successfully kicked off their first annual mentorship program in November with 32 par cipants. We would like to thank the following mentors for their commitment to their mentees and look forward to sharing the group’s insights and achievements.
SPE Young Professionals Mentors 2020‐2021
Anuj Goyal
Barry Donaldson
Chris ne Anderson
Kevin Schey
Michael Howie
Nuny Rincones
Ryan Maynard
Ping Puyang
Taylor Reeves
Ri hy Son
William Dubois
Rob Follet
Zachary Evans
Future interested par cipants in the SPE YP Mentorship Program, please contact YP Membership Chair Ri hy Son (rson@sm‐energy.com) for more informa on.
22
D
2020 ‐ I
195
23
D
2020 ‐ I
195
24
Midland College PPDC
D
2020 ‐ I
195
25
D
2020 ‐ I
195
26
SPE PB
D
2020 ‐ I
195
Serve the community, find your passion, and grow with us! Contact any of the SPE Permian Basin Sec on Board Members to get involved!
27
D
2020 ‐ I
195
SPE PB Board
2020‐2021 SPE Permian Basin Board Members Posi on
Member
Company
Member's Email
Chairman
Yoshi Pradhan
Endeavor Energy Resources
ypradhan.pge@utexas.edu
Vice‐Chairman
Ri hy Son
SM Energy
rson@sm‐energy.com
Treasurer
Paul Brown
Chevron
PaulBrown@Chevron.com
Secretary
Ayodeji Daramola
Halliburton
ayodeji.daramola@halliburton.com
Awards & Nomina ons
Nuny Rincones
Concho
mrincones@concho.com
Jonathan Burwell
Acquire Oilfield Solu ons
jonburwell014@gmail.com
Anthony Bordonaro
Chevron
anthony.bordonaro@chevron.com
Miranda Jones
SM Energy
mijones@sm‐energy.com
Ryan Yarger
EOG
ryan_yarger@eogresources.com
Akiko Billings
Liberty Oilfield Services
akiko.billings@gmail.com
James Haest
Silver p Comple on Services
james.haest@silver pcomple ons.com
Jeane e Reyes
Endeavor Energy Resources
jreyes@eeronline.com
Internet Coordinator
Prince Kwarteng
Discovery Opera ng
kwarteng@hotmail.com
Membership
Eric Angelos
Concho
eangelos@concho.com
Robert Reyes
Harmonia Petroleum
rrober ech@yahoo.com
Flo Akintunji
Unitex Oil & Gas, LLC
fakintunji@unitexoil.com
Mark Lancaster
ToolsRus
mrklancaster@outlook.com
Evan Graybill (understudy)
Chevron
egraybill@chevron.com
Study Group Liaison
Anup Rama
DuPont
anup.rama@dupont.com
Texas Tech Liaison
Ma Perry
Reveal Energy
ma hew.perry@reveal‐energy.com
Young Professionals
Shivani Vyas
shivanivy928@gmail.com
Pete Schrenkel
Odessa Separator INC ‐ OSI Lodestone Oil & Gas Consul ng, LLC Vision Natural Resources
pschrenkel@visionnatres.com
Jay Young
Resmetrics
jay.young@resmetrics.com
Community Rela ons PR & Adver sing Pipeline Newsle er Golf Tournament Coordinator
Programs Scholarship
Billy Harris At Large
Najaf Dostaliyev
dnajaf22@yahoo.com
Past Chair
Alana Low
Concho
alow@concho.com
CO2 Conference
Bill Webb
Bill Webb, Inc
billwebbinc@suddenlink.net
Jace Farmer
Concho
jfarmer@concho.com
Bob McKitrick
robert.mckitrick@gmail.com
Jus n Moos
Silver p Comple on Services
jus n.moos@silver pcomple ons.com
Clayshoot Commi ee
lodestoneogc@outlook.com
28
D
2020 ‐ I
P.O. BOX 3366 Midland, TX 79702
ADVERTISE IN THE PIPELINE Contact Miranda Jones and Ryan Yarger for affordable pricing! mijones@sm‐energy.com
ryan_yarger@eogresources.com
195