ABOUT THE COURSE 

COURSE OBJECTIVE

Understanding and mitigatThis course provides participants with the skills and understanding required to forecast production and estimate reserves in unconventional (ultra-low permeability) reservoirs, mostly gas but with some applications to oil. The course will emphasize gas shale and tight gas formations.

WHO SHOULD ATTEND

This course is designed for experienced engineers, geoscientists, and other physical scientists who have an interest in evaluating unconventional oil and gas resources. Previous experience with unconventional resources is not necessary. 

COURSE CONTENT

1. BACKGROUND

• Basic fluid flow theory
• Transient radial flow
• Transient linear flow
• Stabilized (boundary-dominated) flow
• Type-curve analysis

2. PRODUCTION FORECASTING

• Production decline models

          - Arps model

          - 
Minimum terminal decline

          - Stretched exponential model

          - 
Long-duration linear flow model

          -    Duong model

• Advanced decline analysis
• Analytical models for forecasting

3. RESERVES ESTIMATION AND REGULATIONS AND REPORTING FOR UNCONVENTIONAL RESERVOIRS

• SPE Petroleum Resources Management System (PRMS)
• U.S. Securities & Exchange Commission regulations
• Application of PRMS to Unconventional Resources

4. ECONOMIC ANALYSIS OF UNCONVENTIONAL RESOURCE DEVELOPMENT

5. CASE HISTORIES

• Reserves estimates in tight gas reservoirs
• Bakken shale oil (reservoir characterization) 
• Piceance tight gas (microseismic surveys)
• Marcellus shale gas (analytical modeling)

6. STATISTICAL METHODS FOR ESTIMATING PROVED UNDEVELOPED RESERVES IN RESOURCE PLAYS

• Review of SPEE Monograph 3