|More Information: ||
11:30am - Registration & Lunch12:00pm - Annual General Meeting12:15pm - Presentation by Cameron Gingrich and Dr. Lev Virine, Ziff Energy
Full Cycle Cost of Oil & Gas
Cameron Gingrich, B.Sc., B.A. – Director, Gas Services, has a decade of natural gas experience. Responsible for analytical support and in-depth customized data analysis, trending, and modeling. Focuses effort toward the North American Gas Strategies Retainer Service, multi-client studies, and custom consulting projects include: analysis of pipeline tolls, gas supply/storage load duration modeling, gas demand outlooks, and gas price modeling. Mr. Gingrich was the lead analyst on the Northern Gas and Evolution of Dawn Multi-client studies, and authored papers on: Summer Gas Storage Analysis, Canadian Gas Exports to 2025, Natural Gas Price Forecast to 2045, and LNG Outlook to 2035. In addition to the Canadian Securities Course, Mr. Gingrich has two degrees: a Bachelor of Science from the University of Alberta and a Bachelor in Arts in Economics from the University of Calgary where his studies focused on strategic energy and financial markets.
Dr. Lev Virine, P.Eng., Ph.D. – Manager, Gas Consulting, has over 2 decades of technical experience, economic evaluation of oil and gas reserves, decision and risk analysis, portfolio management, and oil and gas reserves management. He assisted leading national and international exploration and production companies in establishing reserves evaluation and decision analysis processes. Dr. Virine is the author of more than 40 scientific papers and articles, 7 patents, and two books. His current focus is gas production outlooks, gas supply decline analysis, and full cycle cost assessment. He has spoken at conferences and symposiums around the world. Dr. Virine received his doctoral degree in engineering and computer science from Moscow State University of Railway Engineering.
Presentation Summary: The costs for the Energy Industry to find, develop, produce, and manage oil and gas production has 3 key components:
1. Technology enhancements improve industry performance
2. Finding & Development costs can shrink with more reserves identified for each well (multi-lateral horizontal wells completed with dozens of hydraulic fractures)
3. Operating costs can be driven down through ruthless efficiency gains extracted by applying best practices, benchmarking, and determined focus on the bottom line
By combining the cost components, full cycle costs can be compared between Western Canada and other basins throughout North America. The industry will systematically develop lower cost basins first. Natural Gas Liquids can provide an important price uplift for gas producers, thus producers may select liquid prone regions first. The presentation concludes with a quick recap of LNG, full cycle oil & gas costs, along with oil sands cost. If you want to get a concise version on full cycle costs, this is the Event for you.