Date Published | January 30, 2014 |
Category | Articles |
Tags | Business-Focused, Completion Design, E&P, Environmental, Gas Exploration, Leading Experts, Recycling, Reservoirs, Shale Exploration, Symposium, Technical Session |
Since the first days of shale exploration in Canada, CI Energy Group has consistently brought together leading industry experts to share their experiences, expertise, ideas, and insights. Over the years, the Shale Oil & Gas Symposium has become the premier Canadian event of its kind, and it addresses the key challenges and opportunities facing the shale industry. CI Energy Group’s 10th Annual Shale Oil & Gas Symposium, on January 28-29th, 2014 in Calgary, features an unparalleled mix of practical technical sessions and essential business-focused presentations delivered by the industry’s leading experts and thought leaders. Ensure your organization is positioned to take full advantage of the enormous opportunities available in the rapidly expanding unconventional development industry.
I’m currently a Senior Drilling Engineer at Apache Canada looking after the Kaybob & Willesden Green areas. In Kaybob, I have three rigs drilling Bluesky laterals, and I have one rig drilling Glauconite wells in Willesden Green.
With a lateral well bore, you can achieve hundreds/ thousands of meters of reservoir contact as opposed to drilling a vertical or deviated well where reservoir contact would be limited by its thickness. Horizontal drilling will get you more reservoir and hopefully more reserves. Obviously, there will become a point where if your ROP is down at 2m/hr and you’re tripping for kit every 50m, then the economics probably aren’t there anymore, and you may need to re-evaluate your strategy.
All things being equal, the longer we can stay in the zone, the greater the well will produce. That, of course, is assuming the reservoir will produce equally all the way along the lateral. You have to decide what lateral design will best drain your reservoir and what lateral length will best achieve that too. We have drilled laterals that curve round sections to maximize reservoir section drilled.
I will talk about the wells I’ve drilled and technology I’ve run, what’s worked and what hasn’t. It’ll be real life experiences from what I’ve done. Basically, I’ll run through any changes I’ve made to improve performance based on what I’ve seen. If the delegates have used different kits successfully (or not), then I’m here to learn too and will be keen to learn from their experience.
At Acceleration Resources, I evaluate investment opportunities in the form of joint ventures, working interests, royalties, equity, or credit within projects in the United States, Canada, and several other countries.
Groundwater contamination is naturally a substantial concern for residents living near oil and gas developments of any sort. In my opinion, the fear is valid. If conducted improperly, oil and gas operations certainly have the potential to negatively impact groundwater. The potential for groundwater contamination is a serious environmental concern and requires a robust effort from regulators and operating companies to ensure contamination does not take place.
Most importantly, operators need to ensure their cement bond is absolutely preventing any flow between the well bore and groundwater formations as well as preventing any flow between porous underground formations of any type. The best strategy is to check the cement bond on each and every new drill before even considering fracture stimulating the well. Additionally, it’s important to check the quality of the groundwater before drilling any wells as naturally occurring methane does exist in some groundwater reservoirs. No operator should be so reckless as to drill into such formations without first testing the water for the very good reasons of reducing corporate liability and showing community responsibility.
My goals are to effectively share several important reasons to protect groundwater and to voice my personal belief in our critical professional responsibilities to minimize potential risks to people, wildlife, and the environment while developing essential energy supplies.
As VP Energy for ATB Financial, I have the pleasure of leading a dedicated team of Energy Lenders involved in E&P, Midstream, Pipeline, Utilities, Alternative Energy, and Oil Field Services primarily out of Edmonton, Red Deer, and Calgary. We have private and public clients dealing with us across the entire spectrum of micro, junior, intermediate, and senior players.
We’ll chat about the different investment philosophies coming out of the Canadian, US, and Asia Private Equity markets. They are different for their own reasons. As such, the hurdles may vary based on one’s investment thesis (return or ownership model). However, in almost all cases, the individuals looking to attract outside investment must have a plan that is achievable in the near term and a team that is fully capable to exploit the expensive technology to make it all happen. On the flip side, we’ll explore ideas to help vet those who may seem willing to come in to our market and yet may not have all of the needed attributes to achieve investment success.
The possibility of going full cycle without outside investment largely depends on whether the company is gas or liquids weighted. Again, we’ll explore why it is different for each commodity and what the market players have been able to achieve in the past 2 – 3 years. Can you please describe what practical information delegates will be able to take away from your presentation on January 29th? We’ll take a look at a few producer’s, JV participants, and private PE firms who have transacted in the past few years, what it took to get the deal done, and how things are going since the transaction(s) closed (a forensic look under the hood so to speak). For more information visit shalegassymposium.com