This course, designed for geoscientists and engineers, provides a comprehensive treatment on the description, characterization and valuation of tight gas, shale and coal bed methane plays.

Beginning with practical definitions and formational processes, this course describes the techniques to probabilistically estimate the resource potential, risk and value of staged investment programs to profit from unconventional resource plays. The first part of the course deals largely with the main types of resource plays, and the main geologic attributes as concerns to grade the potential to be commercially successful.

The second part of the course continues with the flow regimes of these reservoirs; how to model their performance with type curves associated with the geological heterogeneity; major assessment processes and valuation techniques to best achieve your strategies.

Course Outline

Part I: Introduction

1. What are Unconventional accumulations?

a. Types: Tight gas, CBM, Shale gas,

b. Characteristics and Locations of major areas of interest in NA

2. Consequences of differences in unconventional plays

3. Primer/refresher on Statistics, the language of Uncertainty

Part II: Tight Gas Characteristics and Assessment

   1. Historical perspective

   2. Paradigm shift of understanding

   3. Requirements for a Tight Gas accumulation

   4. Volumetric and Chance Assessment

   5. Exercise

Part III: CMB Characteristics and Assessment

1. Definition of Coal, formation and description

2. How it is different

3. Langmuir equation: elements of uncertainty

4. Volumetric and Chance Assessment

5. Exercise

Part IV: Shale Gas Characteristics and Assessment

1. Mechanisms of Formation and Exploitation history

2. Volumetric and Chance Assessment

3. Exercise

Part V: Reservoir Flow in Coals and Shales

1. Multiple Flow regimes

a. Desorption

b. Ficke’s Law

c. Diffusion

d. Darcy flow

2. Impact of permeability

Part VIII: Play Assessment

1. Play definition and Framing

2. Planning the Work and Pilot Designs

3. Assess future potential

4. Analogs and type curves

5. Economic modeling highlights

Example Slides

Comments

A Certificate of Continuing Education will be provided for this seminar.

Attachments

HGS CE Class: Risk and Uncertainty Analysis of Unconventional Plays

Tuesday 2-Feb-10 9:00 AM to 4:00 PM CST

Speaker Gary P. Citron, PhD

Position: Managing Partner
Company: Rose & Associates, LLP

Biography

Gary P. Citron (BS, Geology, State University of New York at Buffalo; MS & PhD in Geology, Cornell University). After a twenty year career as a geoscientist, manager, and internal consultant for Amoco exploration business, Gary joined Pete Rose’s consulting firm in February 1999, which focuses on the field of prospect and play risk analysis. Gary became Pete’s first Partner in Rose & Associates, LLP in 2001 and assumed the role of Managing Partner in 2003.

In his last assignment at Amoco, he worked with exploration teams worldwide for four years, helping them assess prospect component ranges and associated chance factors. Dr. Citron has developed expertise in consensus building in risk assessments and performance tracking. He also coordinated the yearly post appraisal of the drilling program which helped institutionalize learning throughout the exploration business. In 1999 he was selected by the AAPG to serve in their Visiting Geologist Program. While at Amoco, Dr. Citron actively mentored younger geoscientists on prospect measurement.

In 2001, he received the best paper award from the AAPG’s Division of Professional Affairs, and again in 2007 he was honored for delivering a ‘Top Ten Oral Presentation’ at the AAPG annual convention in Long Beach. Gary remains active in the AAPG House of Delegates, and continues to serve on committees for the AAPG and the SPE. He is a Texas State certified and licensed Geologist who has authored or co-authored more than a dozen publications, and has been an invited and honored speaker for the SIPES, Geological Society of London, AAPG, SPE and SEG.

HGS CE Class: Risk and Uncertainty Analysis of Unconventional Plays

Tuesday 2-Feb-10 9:00 AM to 4:00 PM CST

Houston Research Center

11611 West Little York Road
Houston Texas 77041 USA
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HGS CE Class: Risk and Uncertainty Analysis of Unconventional Plays

Tuesday 2-Feb-10 9:00 AM to 4:00 PM CST

	Before 22-Jan-10 5:00 PM	Before 29-Jan-10 5:00 PM	After 29-Jan-10 5:00 PM
Member:	$90.00	$100.00	$110.00
Non-Member:	$115.00	$125.00	$135.00
Student Member:		$20.00
Student Non-Member:		$30.00
Emeritus/Life/Honorary:	$90.00	$100.00	$110.00
GSH Member:	$0.00	$0.00	$0.00