November 5th, 2015 2015 Dallas E&P Forum “Carbonate Oil Reservoirs, more than meets the eye” Sponsored by • Dallas Chapter Society of Independent Professional Earth Scientists (SIPES), • Dallas Geological Society (DGS) And Hosted by • Southern Methodist University / Cox Business School-Maguire Energy Institute MARTHA PROCTOR MACK BALLROOM – UMPHREY LEE CENTER @ SMU ADDRESS: 3300 Dyer Street, Dallas TX 75205 Register on-line with payment @ http://dgs.org/events/210/
Transcript
November 5th, 2015
2015 Dallas E&P Forum
“Carbonate Oil Reservoirs, more than meets the eye”
Sponsored by • Dallas Chapter Society of Independent Professional Earth Scientists (SIPES),
• Dallas Geological Society (DGS)
And Hosted by
• Southern Methodist University / Cox Business School-Maguire Energy Institute
MARTHA PROCTOR MACK BALLROOM – UMPHREY LEE CENTER @ SMU ADDRESS: 3300 Dyer Street, Dallas TX 75205
Register on-line with payment @ http://dgs.org/events/210/
Cover photo: Thin section under white light. Red River “C” Dolomite,
Upper Ordovician, Cedar Creek Anticline, Montana. U.S.
Courtesy of Denbury Resources, Inc.
Denbury No. 24X-15A well, Sec. 15-11N-57E, Wibaux Co., MT. Thin section of basal Red River “C” Dolomite. Core depth 9129.6’ MD showing two different dolomitization processes. Core corrected to log depth 9124.6’. Type 1 dolomite crystal matrix is shallow syngenetic dolomitization. Type 4 is intermediate burial replacement dolomitization from hot fluid circulation. Note the pressure solution stylolite separating Type 1 from Type 4 dolomitization and the visible porosity / permeability difference. Magnification 40X. Essam Sharaf, Sr. Geologist Denbury-2015
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Dear SIPES and DGS Members:
On behalf of the Maguire Energy Institute, welcome to SMU. We are excited that you
have chosen to host your program at the SMU Cox School of Business. Major
publications—including BusinessWeek, The Economist, Financial Times, Forbes, U.S.
News & World Report and The Wall Street Journal—rank SMU Cox among the top
business schools in the nation and around the world.
Our mission at the Maguire Energy Institute is to encourage the study of management,
financial, marketing and policy issues related to the energy industry. We sponsor a
number of programs that prepare students for careers in the energy industry, provide
focused research for direct business application and inform the public through
independent unbiased information.
The school has several energy programs that may be of interest to you. Our MBA
programs have an energy finance concentration designed for energy professionals
seeking to enter financial fields within the energy industry. Our undergraduate program
has a five-course energy concentration designed to supplement a student’s traditional
major and to prepare them for careers in the industry. The Institute also conducts
seminars, lectures, forums, field trips and many other programs.
We hope you enjoy your time on campus. If you have questions or need any further
information, please do not hesitate to contact us at the Institute.
Yours very truly,
W. Bruce Bullock,
Director
Maguire Energy Institute
Welcome to the 2015 Dallas E&P Forum
November 5, 2015
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The 2015 Dallas E&P Forum is sponsored by the Dallas Chapter Society of Independent
Professional Earth Scientists (SIPES), Dallas Geological Society (DGS) and hosted by the SMU
Cox Business School Maguire Energy Institute. This year’s symposium theme is “Carbonate Oil
Reservoirs, more than meets the eye”.
One year ago, WTI spot oil price, FOB, Cushing, OK closed at $ 78.71 per barrel on 11-5-2014.
The last time oil was over $100.00 per barrel was 7-30-2014 with a closing price of $ 104.29 (EIA
report).
Carbonate oil reservoirs account for an estimated 60% of the world’s proved oil reserves, as per
Schlumberger, 2011. The complexity of carbonate reservoirs require innovation and new insights
to maximize production. Subject material on wettability, petrophysical analysis, diagenesis, an
integrated exploration play review and discussion on keeping your trade secrets, secret will be
presented. Our objective is to find and develop lower cost barrels of oil in today’s current price
environment.
We thank our sponsors for their participation in today’s event. Let’s recognize the achievements,
services and technology our sponsors provide to our exploration and production efforts!
Sincerely,
Donald P. Muth, Sr.
Forum Chairman
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Special Thanks
2015 Dallas E&P Forum Event Contributors
Donald Muth, Sr. Robert Webster
Denbury Resources Consultant
Christopher Mace John Stephens
Hunt Oil Stephens Exploration
Marsha Faram Juanita Ovalle
SMU Cox School of Business SMU Catering
Bradley Winton Fransiska Dannemann
ARESCO SMU Grad Student,
Volunteer
Mark Bengtson
Chimney Rock Resources USA
New Trends Increasing Production, THE SHALE OIL REVOLUTION
2015 Dallas E&P Forum
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Technical Program
2015 Dallas E&P Forum
“Carbonate Oil Reservoirs, more than meets the eye”
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Thursday, November 5, 2015
Time Presentation Speaker Company
8:00 a.m. Check-In, Coffee, Juice & Pastries
8:20 a.m. Welcome and Program Introduction Donald Muth, Sr. Denbury Resources
8:30 a.m. "Carbonate Wettability - get more oil Donald Muth, Sr. Denbury Resources
from the reservoir"
9:20 a.m. Coffee Break
9:30 a.m. "Carbonate Petrophysics" Sid Williams PSI, Houston TX
10:30 a.m. "Diagenetic Evolution of Porosity Dr. Arthur Saller Cobalt International
in Carbonates" Energy, Houston TX
11:45 a.m. LUNCH BUFFET SERVICE
12:20 p.m. "Determinants of the Price Floor for Oil Dr. Anas Alhajji NGP, Irving TX
Under OPEC-on-OPEC Competition"
1:45 p.m. "Not all Wolfcamp Wells have to be Dick Boyce dB LLC Petroleum
Horizontal, a throwback to the way Advisors, Dallas TX
things used to be"
2:45 p.m. "Keeping Your Trade Secrets Secret, Charles Sartain Gray Reed & McGraw
A Discussion of Texas Trade Secret Law Dallas TX
Affecting the Oil and Gas Industry"
4:00 p.m. Finish
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EIA 2014 “Forward Price” forecast for 2015
EIA 2015 “Forward Price” forecast for 2016
Donald P. Muth, Sr., Geologist, Denbury Resources, Inc. Plano, TX
Abstract
Carbonate rocks contain over 60% of the estimated remaining world oil reservoirs and include
super giant Ghawar field (Eastern Province, Saudi Arabia) and others. Maximum oil recovery
from carbonate reservoirs requires a thorough understanding of Crude Oil Brine Rock
Interaction or COBR. The interaction of reservoir fluid brine components, oil polarity and rock
matrix through Electric Double Layer (EDL) principals are an important factor in oil recovery.
Carbonate rocks are generally “oil-wet”. Ultimate oil recovery can be improved by changing
COBR through low salinity water flooding, use of alkali surfactants and CO2 EOR.
Biography
Don is a senior geologist with Denbury Resources, Inc. assigned to the Design and
Development Team preparing reservoir analysis / characterization for CO2 EOR within the
Williston and Powder River basins. He joined Denbury Resources in late 2012 having
provided 7 years of consulting services to Dallas operators / investors. Don’s +36 year’s
experience includes successful prospect generation, 3P reserve analysis, basin, field and
development studies, working interest participation and other as an independent in multiple
basins. He was senior geologist at Atwater Consultants, New Orleans LA and started his
career with Texaco as a geophysicist. Expertise is in conventional and unconventional
hydrocarbon development. Don has a B.S. degree, geology from Auburn University, AL and a
MBA degree, University of New Orleans, LA. He is an AAPG certified petroleum geologist.
“Carbonate Wettability - get more oil from
the reservoir”
by Donald Muth, Sr.
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Sid Williams, V.P. Business Development, Sr. Petrophysicist. Houston, TX
Abstract
Traditional methodologies of understanding and interpreting conventional logging data for clastic
environments may provide inaccurate results in carbonates. Clay conductivities are usually the
complicating factor for shaly sand analysis. The complicating factors in carbonate rock are
associated with understanding the pore structure and pore connectivity, deciphering the mineral
mix of the zone and determining fluid-textural properties. Vertical and lateral structural
heterogeneities give rise to rock properties changing across the field. A review of present advance
technologies in logging tools, interpretation workflows and core visualization now allow improved
petrophysical perspectives of carbonates.
Biography
Sid Williams is V.P. of Business Development and a Senior Petrophysicist with Petrophysical
Solutions, Inc. (PSI), Houston Texas. He joined PSI in late 2012 after spending 13 years of
international assignments with Landmark Graphics and Halliburton. Sid began his industry career
with Schlumberger Offshore Services holding both field and operations management positions over
a 10 year period. He joined BP as the US Lower 48 Petrophysical Manger. Subsequently he
joined Landmark Graphics as a Technical Marketing Director responsible for developing and
deploying several geological software products including a fully integrated interpretation
environment for collaborative geoscientist work. He has held Regional General Manager positions
in Africa, Asia and the Middle East for Landmark. Sid has a B.S. degree in Electrical Engineering
from the University of Memphis and is a member of SPE and SPWLA.
