The East Texas Geological Society
Presents
THE 2022 ETGS PROSPECT & TECH EXPO
March 29, 2022
at the Tyler Rose Center
420 Rose Park Dr.
Tyler, TX 75702
For more information or reservation questions, please contact
Matthew Bailey 903-407-7877 mbailey@sdspetroleumconsultants.com
Or
Barbara Cade 903-593-3071 bacade@suddenlinkmail.com
We look forward to having you with us.
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Because ETGS’ Tech / Expo theme has grown in size and scope since the beginning, the event will showcase your company to the oil and gas community of the entire ARK-LA-TEX region. We are anticipating over 500 attendees. There will be a drawing for door prizes in the afternoon at 3:00 pm (Must be present to win.) Each Registrant will receive one chance for door prize with paid admission. Additional chances will be offered at sign-in at $10.00 each. The cost to attendees will be $40.00 ($50.00 at the door). Proceeds from the Expo will be used to fund the ETGS Scholarship Fund for Geology majors in Texas.
10:00 am Speakers:
Dr. Lorena Moscardelli
Research Scientist
“State of Texas Advanced Resource Recovery Program – Overview and Future Directions”
Dr. Lorena Moscardelli is a Research Scientist and leader of the State of Texas Advanced Resource Recovery (STARR) program at BEG. Her expertise is in seismic geomorphology and interpretation, sedimentology and stratigraphy and geoscience data integration. She received a degree in Geological Engineering from Central University of Venezuela (2000) and a PhD in Geological Sciences from The University of Texas at Austin (2007).
She specializes in the study of deep-water deposits with emphasis on subaqueous landslides, deep-water mixed siliciclastic-carbonate systems and planetary geology.
Most recently, Dr. Moscardelli has taken a strong interest in understanding the role of geoscience research as part of the ongoing energy transition while contributing to STARR’s main mission of conducting geologic research resulting in the increase of production and profitability of energy resources in the State of Texas.
Dr. Ian Duncan
"Fracking and Refracking”
Multi-fracked horizontal wells represent state of art and most cost effective fracking technology. Decline curves for such wells are characterized initially by transient flow and later by boundary dominant flow (BDF) as production in one set of fracks interferes with the adjacent fractures. Fracture spacing controls the time to onset of BDF and the rate of early oil production. The EUR (estimated ultimate recovery) is a constant but closer frack spacing results in more oil production initially at a significant increase in cost. Re-fracking state-of-the-art fracks is very unlikely to increase the EUR significantly and is very rarely done. To re-frac an operator has to reenter a previously fracked well (typically an underperforming well), and re-completes the well with new hydraulic stimulation. A study by IHS concluded that prior to 2015, less than 1% of the total 100,000 horizontal wells in the United States have been re-fracked. Re-fracking wells not optimally fracked are rarely are profitable. As a result re-fracking in most plays is very small, generally a less than a percent. A few plays have enabled re-fracking to payback the investment.
Biography:
Ian Duncan (ian.duncan@beg.utexas.edu) is a Program Director at the University of Texas at Austin. He was formerly Associate Director of the Bureau of Economic Geology at UT. He currently works on CCUS (based on CO2 enhanced oil recovery) and the geology of the Permian Basin. He has developed new work flows for integrating core and wireline log data. He is interested in integrating petrophysics and 3-D seismic date. His main effort is to assist smaller operators in understanding their reservoirs and helping them increase production. He previously served as Associate Professor at Washington University in St Louis and an Assistant Professor at Southern Methodist University in Dallas. He holds a PhD in Geology (1980) from the University of British Columbia and a BA with First Class Honours in Geology (1974) from Macquarie University in Sydney, Australia.
1:30 pm Speaker:
Karr Ingham
Executive VP / Petroleum Economist
Karr Ingham is a professional economist who lives and works in Amarillo, Texas. He is the owner of Ingham Economic Reporting, an economic analysis and research firm that specializes in the indexing and tracking of regional and metro area economies.
Ingham has a career history in agriculture broadcasting, public affairs and politics. He served as District Director and Legislative Aide to then U.S. Congressman Beau Boulter, and was the Congressman’s principal liaison to the Panhandle and West Texas agriculture community. He also performed agriculture budget policy analysis for the Congressman, then a member of the House Budget Committee.
The regional metro analysis concept has been expanded to include regional energy production economies with the establishment of the Texas Permian Basin Petroleum Index, the Texas PetroIndex, a statewide index-based analysis of the state’s energy production economy produced monthly for the Texas Alliance of Energy Producers. In addition, he also consults on economic and analytical policy matters and conducts various industry-related economic impact studies in Texas.
Ingham is member of the US Association for Energy Economics (USAEE), and holds his affiliation with the Houston chapter of that organization. He also serves on the natural gas supply and demand panel for the Independent Petroleum Association of American (IPAA), and is a frequent commentator in various local and statewide media outlets with regard to oil & gas prices and markets.