| Disertante | Presentación |
| JOHN LEE |  |
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RESUMEN DE LA CONFERENCIA:
What Would Arps Think About What We Have Done to His Decline Model?
Abstract
One of the most important issues that operators in resource plays, such as Vaca Muerta, have to deal with is forecasting, and the Arps hyperbolic decline model, introduced in 1944, remains a common method for this forecasting. We will take a close look at Arps’ decline model to see if the methodology he recommended for early vertical wells almost 80 years ago still applies to modern horizontal wells with multiple fracture stages.
Biography
John Lee holds the DVG Endowed Chair in Petroleum Engineering at Texas A&M University. He holds a B.S., an M.S. and a PhD degree in Chemical Engineering from Georgia Tech. John worked for ExxonMobil early in his career and specialized in integrated reservoir studies. He has taught at Mississippi State University, the University of Houston, and Texas A&M. While at A&M, he also served as a consultant with S.A. Holditch & Associates, where he specialized in reservoir engineering aspects of unconventional gas resources. He served as an Academic Engineering Fellow with the U.S. Securities & Exchange Commission (SEC) in Washington during 2007-2008 to help modernize SEC rules for reporting oil and gas reserves. John is the author of four textbooks published by SPE and has received numerous awards from SPE, including the Lucas Medal (the society’s top technical award), the DeGolyer Distinguished Service Medal and Honorary Membership (the highest recognition awarded society members). He is a member of the U.S. National Academy of Engineering
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