SPE Permian Basin February 2019 Pipeline Newsletter

PageFebruary 2019 - Issue 177
Publication of the SPE-PB Section http://connect.spe.org/PermianBasin/
Upcoming Meetings
and
Conferences
February 13th
Speaker Panel Lunch
February 21st
SPE Section Meeting
February 26th
YP Meeting
February 28th
YP Happy Hour
March 7th
C&O Meeting
March 19th
YP Meeting
March 21st
SPE Section Meeting
March 29th
SPE Clay Shoot
SPE Permian Basin Presents:
FRAC MONTH
February 2019
In February 2019, the Society of Petroleum Engineers Permian Basin Section and all
of its study groups will host a month long event focused on hydraulic fracturing,
with applications specifically for the Permian Basin. So far, events scheduled
include:
 February 7 – CANCELLED Completions & Operations Study Group
 February 13 – Speaker Panel Lunch
Midland Petroleum Club, 11:30 AM to 1:00 PM
 February 21 – SPE Section Meeting
Midland Petroleum Club, 11:30 AM to 1:00 PM
 February 26 – Young Professionals Study Group
PPDC, 11:30 AM to 1:00 PM
 February 28 – Young Professionals Happy Hour Social
TBD, 5:30 PM to 7:30 PM
This Issue Sponsored by:

February 2019 - Issue 177
CHAIRMAN’S CORNER
Akinfolami “Flo” Akintunji
SPE-PB Chairman 2018-2019
Unitex Oil & Gas, LLC
We are Making History!
By the time you read this, January will be behind us, and 2019 will already have been a historic year for
the Permian Basin. According to the Energy Information Administration (EIA), the Permian basin produced 3.8
million bbl/day in January. To put that in context, that’s more oil produced than the United Arab Emirates, the
Organization of Petroleum Exporting Countries’ (OPEC) third-largest producer. Wow! The Permian Basin is
booming, and unemployment is incredibly low (unemployment in Midland is 2% vs. 3.7% countrywide). This,
however, has created significant challenges for our communities – understaffing is prevalent in many non-oil and
gas related businesses because frankly, oil field jobs usually pay more. Also the influx of people into the Permian
Basin (my family included) has started to overload our schools, hospitals, roads, and other infrastructure.
Notwithstanding, I am optimistic that our community will do what is necessary to adapt to these times. Many
organizations are already tackling these issues with innovative solutions, and as I wrote last month, the recently
founded Permian Strategic Partnership is one of them. With two more companies joining the alliance recently,
these 19 energy companies have formed “A partnership prepared to help during extraordinary times.” In case you
missed it in the November Midland Reporter Telegram (MRT) article, see more details about the partnership here:
https://goo.gl/k1sar4. I am excited about this partnership, and became even more elated when it was announced
that the former U.S. Commerce Secretary, Don Evans, will serve as its Chair. I will never forget hearing Mr. Evans
speak in person over two years ago at MarketPlace Midland. I highly recommend you watch that speech here:
http://www.marketplacemidland.com/past-speakers/.
As you have probably seen by now, Frac Month is back. All our study group and section meetings will
center on hydraulic fracturing. Please see below for more details:
 Water Panel Discussion (2/13) – Georgi Watson, Schlumberger; Jose Ortega, Terra Midstream; Christopher
Small, Pioneer Natural Resources; Cindy Pena, Select Energy Services. Please RSVP here: https://
panel2019.bpt.me/
 Section Meeting (2/21) – Y.U. Pradhan & Y. Scherz presenting on “Evaluating the Impact of Frac
Communication between Parent, Child, and Vertical Wells in the Midland Basin Lower Spraberry and
Wolfcamp Reservoirs.” Please RSVP here: https://feb2019.bpt.me/
 SPE-YP Meeting (2/26) –Liberty Oilfield Services presenting on “Frac Trends in the Permian Basin: A Focus on
Further $/BOE Minimization.” Please RSVP here: https://spepbypfeb19.bpt.me/
Once again, please join me in recognizing and appreciating Occidental Petroleum for sponsoring Frac
Month for the second year in a row! Following Frac Month, we are excited to have Ryan Duman of Wood
Mackenzie presenting at our Section Meeting in March. The topic is “The follow-on effects of faster tight oil
decline rates: growing project spend and more M&A.” See more details inside this newsletter, and RSVP here:
https://Mar2019.bpt.me/. Finally, I am glad to report that we kicked off the year with historic attendance at our
January 16th
Section Meeting! We had 135 people in attendance for the Steve Melzer discussion, and we filled up
the Wildcatter room at the Petroleum Club. The only other event that was more exciting for me in January was the
Sugar Bowl game. How ‘bout them Longhorns?! I wonder if it is too early to declare that “We’re back!”...

SPE-PB February Section Meeting
February 21st, 2019
11:30 AM to 1:00 PM
Midland Petroleum Club
https://Feb2019.bpt.me/
R. Yvonne Scherz, P.E., Yogashri Pradhan, P.E., Endeavor Energy Resources
“Evaluating the Impact of Frac Communication Between Parent, Child, and Vertical Wells in the
Midland Basin Lower Spraberry and Wolfcamp Reservoirs”
Abstract:
In the Midland Basin, infill wells have high potential of experiencing well-to-well fracture interference or
“frac hits”. Rock stress alteration around parent wells affect child fracture interactions thus impacting
completion effectiveness, well productivity, and well spacing. Endeavor Energy Resources (EER) had a
unique opportunity to study parent (hereafter referred to as primary) and child (hereafter referred as infill
or active well) interactions and the effects of producing vertical wells on fracture behavior. By sharing this
case study, the authors want other operators who are facing common issues, to leverage these learnings.
The basis of the presentation is from SPE-194349-MS.
Biographies:
Yvonne Scherz is a Sr Staff Reservoir Engineer at Endeavor Energy
Resources. She is a registered professional engineer with over 40
years’ experience in various roles in the Industry. Ms. Scherz began
her career at Mobil Oil and has worked at large independents
including The Superior Oil Co., Mitchell Energy, Total USA, Kinder
Morgan and EP Energy. Prior to joining Endeavor, she was a
consultant evaluating unconventional properties in the Marcellus,
Haynesville, Eagle Ford, and the Permian Basin.
Yogashri Pradhan is a reservoir engineer for Endeavor Energy
Resources, where she is involved with field development planning for
unconventionals in the Midland Basin. She has also worked as a
senior production engineer for Texas Oil and Gas Institute and Devon
Energy. She is also a 2018 recipient of the Young Member
Outstanding Service Award from SPE International. Ms. Pradhan
holds a bachelor’s degree in petroleum engineering from the
University of Texas at Austin and is pursuing her master’s degree in
petroleum engineering from Texas A&M University.

SPE-PB March Section Meeting
March 21st, 2019
11:30 AM to 1:00 PM
https://Mar2019.bpt.me/
Ryan Duman, Wood Mackenzie
“The follow-on effects of faster tight oil decline rates: growing
project spend and more M&A”
Abstract:
Decline rates in Permian wells are accelerating. At a project level, continued downspacing, more intensive
completions, higher stimulated rock volumes, and aggressive lift strategies have resulted in positive
impacts to early well life productivity, but they may be coming at the expense of late-life volumes. Upsized
completions have contributed to double-digit improvements in early cumulative 180 day volumes, but the
longer term implications are less ideal with lower EURs. We have observed this in b-factor benchmarking
and type curve analysis.
Is this acceleration of early volumes – combined with forecast increases in drilling and completions activity
across the entire Permian – creating an even steeper treadmill effect for operators? How are changing well
profiles going to impact the ability for the Permian region to sustain growth? Will companies need to invest
more to keep growing at the pace they did in 2018? Wood Mackenzie's base case view is that the Permian
Basin production profile begins to plateau as early as 2023, but if today's well underperform as they
mature, the cost to continue this growth will materially rise regarding both capex/boe as well as total
drilling and completion expenses across the entire region.
One outcome could be an extended period of M&A, where consolidation helps fill production gaps that
emerge.
Biography:
Ryan Duman is a principal analyst in Wood Mackenzie's U.S. Lower 48 Upstream team, where he works
with specifically with E&P's, service companies and investors in the Rocky Mountain region. Mr. Duman
specializes in basin characterization, decline curve analysis, economic modeling, and competitor
intelligence. He has previously managed the North American supply team and has extensive experience
modeling E&P company positions and building short- and long-term oil and gas supply forecasts. Mr.
Duman holds a bachelor's degree in environmental science from the University of Michigan and a master's
degree in natural resource economics from Michigan Tech University.

Frac Month Water Panel
February 13th, 2019
11:30AM to 1:00 PM
https://panel2019.bpt.me/
Join us on February 13th for a panel discussion on water management in the Permian Basin with
several industry professionals. This fast paced panel discussion will touch on several aspects of
water management including the following: re-use & recycle, disposal bottlenecks & produced
water logistics solutions, solids handling, Regulatory challenges etc.
Below are the panelists:
Christopher (Topher) Small, Senior Operations Engineer, Pioneer Water
Management
Topher Small is a Water Management Operations Engineer in the Permian Basin
with Pioneer Water Management, LLC. He is a graduate of the University of Tulsa
with a degree in Mechanical Engineering and a graduate of the University of Texas
at the Permian Basin with a Master’s degree in Business and Administration.
Georgi Watson, Quality Operations Support Manager, Schlumberger
Ms. Watson obtained a Bachelor's degree in Science from Middle Tennessee State
University. She spent 12+ years in the specialty chemical industry with GE Water
and Process Technologies (now Suez) where she won a President’s Award for sales
excellence as well as several technical awards for aiding clients in improving their
water treatment processes. She spent four years in the industrial cleaning world
learning the operations side of the house with clients such as TVA and International
Paper. As the Technical Operations Support Manager with Schlumberger, Ms.
Watson is providing produced water treatment expertise on a global basis both
onshore and offshore.
Jose Ortega, Vice President, Terra Midstream
Jose Ortega is certified in Finance & Entrepreneurship by Harvard Business School
(HBX) and has pioneered groundbreaking projects in the oil and gas industry all over
the world. After playing an integral role in several projects overseas, he returned
home to the Permian basin to spearhead unconventional exploration projects with
ConocoPhillips. Mr. Ortega oversaw many of their operations working as a
Completions Consultant and Engineer. During this time he also served as Chief
Operating Officer for Midland Basin Partners. Along with his expertise comes a
heart for children’s education. Mr. Ortega volunteers at local schools in West Texas,
advocating independence and higher education for underprivileged children.

SPE-PB Completions and Operations Study Group
Spring 2019
Save the Dates
February 7 - Thursday, Cancelled due to Conflict with Hydraulic Fracturing Technology
Conference and Exhibition, The Woodlands, Texas
March 7 – Thursday, 5:30 -7:00 PM, Speaker-Deep Well Services
April 3 - Wednesday, 8:00 AM – 5:00 PM, SPE-PB Production Management Symposium:
Registration coming in February
May 2 – Thursday, 11:30 AM – 1:30 PM, Speaker-TBD
Location: Petroleum Club of Midland
For more information contact Cathy Harris at cathyaharris1416@gmail.com

SPE Permian Basin Young Professionals Upcoming Events
General Meeting / Luncheon
Tuesday, February 26th, 2019 | 11:30 am – 1 pm | PPDC, 105 W. Illinois Midland, TX 79701
Topic: Frac Trends in the Permian Basin: A Focus on Further $/BOE Minimization
Speaker: Leen Weijers – VP Engineering, Liberty Oilfield Services
Lunch Sponsored by Liberty Oilfield Services
YP Happy Hour
Thursday, February 28th, 2019 | 5:30 – 7:30 pm | Location: TBD
Sponsored by Liberty Oilfield Services
Community Service
Jubilee Center Food Pantry
On March 9th, SPE will team up with the Jubilee Center to provide volunteers to help run the food
pantry and provide for those in need. Volunteers will serve as personal assistants to the Jubilee
Center’s clients as they gather their groceries for the week. Additional volunteers may be needed to
stock shelves, organize, and provide entertainment for children.
Saturday, March 9th, 2019 |9:00 am – 11:00 am | 3311 Andrews Highway, Midland, Texas 79703
Sponsored by Texas Pride Fuels
RSVP Details can be found on our LinkedIn page and SPE website.
LinkedIn: www.linkedin.com/company/spepbyp/
https://connect.spe.org/permianbasin -> About -> Young Professionals
Contact Us: SPEPermianYP@gmail.com

SPE Scholarship Applications are now available online!
For College Students with ties to the Permian Basin
https://connect.spe.org/permianbasin/aboutus/scholarships
Due Date is April 5th, 2019
SPE ScholarshipsSPE Scholarships

January Section Meeting
A great turnout at our last section meeting with Steve Melzer! See some pictures below:

2018-2019 SPE Permian Basin Board Members
SPE—PB Polos for Sale!
Durable, dry-fit material. Comfortable all year long! Comes in
men’s and women’s style in blue and red (and men’s black for
the YoPro version). Only $30 each, and all proceeds go to the
Young Professionals and scholarships. Cash and credit card
accepted. Look for these awesome items at our Section
Meetings and YoPro Meetings this year!
Position Member Company Member's Email
Chairman Flo Akintunji Unitex Oil & Gas LLC fakintunji@unitexoil.com
Vice-Chairman Alana Low Concho alow@concho.com
Treasurer Paul Brown Chevron PaulBrown@Chevron.com
Secretary Ayodeji Daramola Halliburton ayodeji.daramola@halliburton.com
Awards and Nominations Justin Bethancourt ConocoPhillips j.justin.bethancourt@conocophillips.com
Community Relations
Glen Fradenburg Alamo Pressure Pumping gf@fracing.com
Evan Graybill Chevron egraybill@chevron.com
PR & Advertising Boone Bajgier Anadarko Boone.Bajgier@anadarko.com
Pipeline Newsletter Michael Carey Saga Petroleum mcarey@sagapetroleum.com
Continuing Education Curtis Helms Jr. Midland College chelms@midland.edu
Golf Tournament
Coordinator
James Haest Silvertip Completion Services james.haest@silvertipcompletions.com.
Jeanette Reyes-Lara Endeavor Energy Resources jreyes@eeronline.com
Billea Karnes Concho bkarnes@concho.com
Internet Coordinator Prince Kwarteng Discovery Operating pkwarteng@discoveryoperating.com
Membership Eric Angelos Concho eangelos@concho.com
Programs
Robert Reyes Harmonia Petroleum robert.reyes@harmoniapetro.com
Yoshi Pradhan Endeaevor Energy Resources ypradhan.pge@utexas.edu
Scholarship Libby Einhorn Concho eeinhorn@concho.com
Study Group Liaison Aaron Hunter Concho ahunter@concho.com
Texas Tech Liaison Jay Young
NCS Multistage
Tracer Diagnostics
jyoung@ncsmultistage.com
Young Professionals Fumi Balogun Liberty Oilfield Services fbalogun02@gmail.com
At Large
Billy Harris
Lodestone Oil & Gas
Consulting, LLC
lodestoneogc@outlook.com
Pete Schrenkel Vision Natural Resources pschrenkel@visionnatres.com
Past Chair Kyle Richter Oxy kyle_richter@oxy.com
CO2 Conference Bill Webb Bill Webb, Inc billwebbinc@suddenlink.net
Clayshoot Committee
Jace Farmer Concho jfarmer@concho.com
Bob McKitrick NCS Multistage rmckitrick@ncsmultistage.com
Stephen Arnold ConocoPhillips stephen.m.arnold@conocophillips.com
Clayshoot Committee Members

NON PROFIT ORG.
US POSTAGE
PAID
MIDLAND, TX 79711
PERMIT NO.207
P.O. BOX 3366
Midland, TX 79702
ADVERTISE IN THE PIPELINE
Affordable Rates: Contact Boone Bajgier at
Boone.Bajgier@anadarko.com

SPE Permian Basin February 2019 Pipeline Newsletter

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