SHALE GAS EVALUATION ‘OPEN HOUSE’ IN CALGARY TO EXPLORE UNCONVENTIONAL MODELLING &ECONOMIC ANALYSIS More than 400 E&P delegates will converge on the Shale Gas Evaluation ‘Open House’ conference on June 1st, 2010. The conference, free to attend for pre-registered delegates, is being staged at the Hyatt Regency Hotel, Calgary. Delegates are reservoir engineers and senior decision makers with a focus on the shale gas sector. The reason the event is being staged is the reason Palantir and Fekete have formed an alliance. The unconventional elements of companies’ portfolios cannot be accurately forecasted on in the same way as conventional elements. As the industry matures and scales escalate, the requirement for real time analysis of production and reserves linked to their financial impacts becomes more critical. Jason Ambrose, CEO, Palantir Solutions commented: “Decision makers are only as effective as the data they are working with and the evaluation tools they have to hand which is why there is a growing hunger for more accurate and insightful data analysis. ” The event is hosted by Palantir Solutions, which provides economic / planning consultancy and software to the oil and gas community and Fekete Associates Inc., which provides reservoir engineering software and services to producing companies worldwide. Registration is at 11.15am followed by a networking lunch prior to the main presentations and panel discussions: Performance Analysis and Modeling of Shale Gas Reservoirs presented by Dave Anderson, Vice-President, Software Fekete When talking about unconventional gas, the methods for collecting, interpreting and modeling well performance data require an “unconventional” approach. We will demonstrate state-of-the-art of well performance analysis technology for unconventional gas, including analysis of continuous rate and flowing pressure data (RTA), integrated drawdown / buildup analysis (RTA and Welltest) and perforation inflow / fall-off tests (Welltest). We will present a systematic workflow for analyzing shale gas wells that uses suitable assumptions and addresses inherent uncertainties resulting from the complexity of shale gas completions and reservoirs. In addition, we will provide an overview of some cutting-edge reservoir modeling technology including horizontal well with multiple fractures, desorption and stress dependent rock properties. Managing Uncertainty in Reserve Valuations presented by Jason Ambrose, CEO & founder of Palantir Solutions Reserves management requires companies to model uncertainties that are geological, technical, economic and political. The oil and gas industry has a long history of applying advanced risking techniques in order to manage geological or subsurface uncertainty. However, things are somewhat different in the surface world. Wide swings have occurred in commodity prices, currency credit, credit markets and fiscal policy. And yet, most regulating bodies and companies overlook risk theory and tend towards deterministic methods for the "surface world" components of their reserve determinations. We will investigate techniques that allow reserve managers and planners to incorporate economic and fiscal uncertainty in reserves determinations. We will demonstrate how the unconventional gas workflows developed by Fekete integrate smoothly into the economic tools developed by Palantir Solutions. One key area of discussion will be the impact of royalty and tax regimes on the reserves determinations. Progressive fiscal policy, both at a provincial and federal level, could extend the reserve life of existing, conventional developments. Reducing the uncertainty of conventional reserves, may help bridge the transition from a conventional past to the unconventional future. The event, which is free of charge to attend for pre-registered delegates, takes place on Tuesday June 1st 2010 between 11.15am and 1.00pm at the Calgary Hyatt Regency Hotel, 700 Centre Street SE (Imperial Ballroom, Level 3). For more information and to book a place firstname.lastname@example.org. Palantir Solutions (www.palantirsolutions.com) provides economic and planning consultancy and software to the oil and gas community to provide improved transparency and rapid asset evaluation. - ENDS - Further Information: George Frost (Ink PR) +44 (0) 7714 206006 email@example.com About Palantir Solutions Palantir Solutions (www.palantirsolutions.com) is a provider of integrated consulting and software, offering economic and planning solutions to the upstream oil and gas industry. It allows its clients to easily and quickly analyse decisions and the impact on their portfolio including: future costs, cash flow and production of oil and gas. As such, users of Palantir’s services reach from the boardroom through its internal and external advisors across the upstream lifecycle incorporating, for example, any financial events such as mergers and acquisitions. Palantir Solutions has offices in London, Aberdeen, Houston, Calgary, Singapore & Bangalore servicing its clients which range from SMEs to multinational corporates. It has a team of consultants, economists and developers with many years of experience in petroleum economics, strategic planning, fiscal modelling and workflow services. Palantir Solutions is the only truly integrated player in the field. About Fekete Fekete Associates Inc. (www.fekete.com) has been providing engineering and geology services to the oil and gas industry since 1973 with a reputation of technical excellence. Fekete’s applications have become known through the industry as the most practical and easy to use software available. Focusing on the analysis and interpretation of production and shut in well data, engineers rely on Fekete’s applications to characterize reservoirs, optimize production, and uncover opportunities to add to a company’s bottom line. Fekete’s team of more than 150 engineers, geologists, and software developers service a client base that includes more than 1000 companies around the world.
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