Technology Trends: Will Costs Continue to Drop in Unconventionals Dr. William Fleckenstein Enercom Oil and Gas Conference August 13th, 2019
Legal Disclaimer This presentation represents the views and is solely the responsibility of the author, Dr. William W. Fleckenstein. Statements made and opinions expressed are strictly those of Dr. Fleckenstein and not the Colorado…
Technology Development Trends Technology development The wells EOR Data Analytics Corporate Social Responsibility
Technology Development Trends Technology development has changed the US from an O&G price taker to a price setter The problem the US can only set prices lower, not higher. Technology applied to natural gas predicted the results…
20 5,800 16:1 Undergraduate Degree-seeking Student/faculty degree programs students ratio Colorado School of Mines is a public university focused on science and engineering, dedicated to pioneering research that addresses the great…
Technology Development
The wells Understanding the rock Understanding the induced fracture Laterals with more and better stages
Longer Laterals and Better stages
Failure to breach all laminae Narrower aperture plus significantly higher stress in horizontal steps Courtesy Mike Vincent Woodford Shale Outcrop
Longer Laterals and Better stages Enerplus August 2019 Investor Presentatiion
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Longer Laterals and Better stages Mud motor Bit
EOR EOGs prediction for how gas-injection EOR will increase output. The company did not provide a time scale. Source: EOG Resources. JPT Emerging Technology Senior Editor 01 October 2017 Trent Jacobs, JPT Digital Editor 01 May 2019
EOR Challenges Confinement Conformance control Heterogeneities Soak times and sequences Understanding the process Facility economics Trent Jacobs, JPT Digital Editor 01 May 2019
Data Analytics In the Accenture Technology Vision 2019 survey of more than 6,600 business and IT executives, 94 percent of respondents said the pace of technology innovation in their organizations had either accelerated or…
Data Analytics G uida nc e P ric e s 2013 2014 2015 2016 2017 2018 Q119 Q2 19 Q3 19 Q4 19 Unhedged Oil (per bbl) 91.25 76.32 40.31 38.24 48.05 62.88 53.70 60.80 57.00 60.00 Unhedged Henry Hub (per mcf) 2.38 2.25 Unhedged Opal (per…
Corporate Social Responsibility New York Pennsylvania
Corporate Social Responsibility Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project - A2.5 billion (1.7 billion) injection system. The Chevron Australia-operated Gorgon LNG Project in Australia. Photo: courtesy of…
Corporate Social Responsibility May 29, 2012 Denver Basin NOAA
Corporate Social Responsibility Images from Gasland The Definitive Documentary on Distribution and Origin of Groundwater Methane in the Wattenberg Fracking Oil and Gas Field of Northern Colorado - Li and Carlson 2014
Well Design Risks SPE-175401-MS An Assessment of Risk of Migration to Fresh Water Aquifers: Fleckenstein 21
Well Designs in Use SPE-181696 An Assessment of the Probability Fleckenstein 22
Well Barrier Possible Failures SPE-181696 An Assessment of the Probability Fleckenstein 23
Takeaways Technology development has changed the US from an O&G price taker to a price setter, and that trend will continue Technology will continue to lower the controllable costs of unconventional development Technology will…
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