The Society of Petroleum Engineers Oklahoma City Section hosted it’s 3rd annual awards banquet on September 7th at Remington Park, in Oklahoma City. The banquet is held in recognition of the companies and individuals that significantly contribute to the section’s many networking events, conferences, and charitable fundraisers throughout the year. Representatives from over 100 organizations in the Oil and Gas Industry were involved in some way with SPE OKC’s 2018 efforts, but only 22 received recognition at the banquet. Awards are given to companies based on a points system — things such as sponsorships, presence at events, and holding a position on the board all carry weight in the point total, but there is an emphasis on volunteer time.
Due to our hardworking OKC Account Manager, Caleb Padilla, Reservoir Data Systems was presented the Gold Award at the banquet. Volunteering countless hours on the board and at each local event, Caleb is the reason RDS has become a large part of the OKC Oil and Gas community. The award is a large accomplishment for the company, considering the recognition came among large companies such as BP, Patterson UTI, Weatherford, Schlumberger, and Baker Hughes.
http://reservoirdata.com/wp-content/uploads/2019/08/RDS-Logo-Final-white-gold-300x65.png00Johnhttp://reservoirdata.com/wp-content/uploads/2019/08/RDS-Logo-Final-white-gold-300x65.pngJohn2018-09-10 19:02:232018-09-10 19:02:23RDS awarded SPE OKC Section Gold Award
We’re exhibiting once again at the most exciting Oil and Gas Industry symposium in the country — Unconventional Resources Technology Conference! URTEC always promises to showcase the newest tech, and this year is no different…stop by booth 2320 to see the latest from Reservoir Data Systems.
Delineating Stacked Pay with Existing and Emerging Diagnostic Tools
by K. Haustveit (Devon Energy), H. Greenwood (Devon Energy)
Here at RDS, we have carved out a couple of niche specialties in the industry — Diagnostic Fracture Injection Tests (DFITs) and offset-well pressure monitoring. Although DFIT technology was pioneered many years ago, we continue to capture a significant number of these tests due to the valuable information they provide. Often, these tests are ordered by reservoir engineers simply hoping to improve the input values of their models, but lately, we have noticed some innovative individuals taking a different slant on the more traditional applications. These engineers understand DFITs to be another tool in their toolbox that helps to uncover those reservoir mysteries and unknowns, and in the case presented in this whitepaper, the authors use the findings from DFITs to evaluate potential pressure barriers as part of a multi-pronged approach to delineating stacked pay.
Few folks will argue that stacked pay is not an attractive quality when evaluating an asset. However, it does add another level of complexity in determining the best approach for proper development. Understanding reservoir qualities and fracture geometries are vital in this endeavor. This paper discusses the use of DFITs, offset pressure monitoring, radioactive proppant tracer (RA), and electrically conductive proppant in order to better reach that understanding. The authors make a clear case and point out that better data, in regards to fracture barriers and fracture height, can directly aid in both optimization and risk mitigation. The authors also state that the costs of these tests are “easily offset and justified.”
Overall, this is a good read through the lens of an innovative and science/data-driven operator, that addresses prevalent issues in the development of stacked pay in unconventional reservoirs.
http://reservoirdata.com/wp-content/uploads/2019/08/RDS-Logo-Final-white-gold-300x65.png00Johnhttp://reservoirdata.com/wp-content/uploads/2019/08/RDS-Logo-Final-white-gold-300x65.pngJohn2018-06-20 18:57:572018-06-20 18:57:57Have you read this whitepaper?