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One E&P company has found that implementing and sustaining a portfolio process require technical solutions and application of best practices for three critical elements: production forecasting, project modeling and economic evaluation, and portfolio management and decision making.

a holistic view of technology maturation that addresses both technical and nontechnical risks. The definition of success is expanded to include the establishment of successful, commercially viable, and sustainable solutions that meet end-user needs and requirements.

The overarching theme of work published during the past year relating to production and facilities is performance and productivity improvement—doing more with less at a lower cost.

In the complete paper, the authors present a novel methodology to model interwell connectivity in mature waterfloods and achieve an improved reservoir-energy distribution and sweep pattern to maximize production performance by adjusting injection and production strategy on the well-control level.

The digitalization of oil and gas facilities is becoming a new technical arena. Effective solutions can be used to convert data into information and knowledge, which can then be used to improve maintenance operations.

The one thing that let me to excel in my career was my SPE involvement, and it made the difference between drudgery and enjoyment.

In the past, most wells have been drilled using conventional methods, but the landscape is changing as economic ­pressures have forced the drilling industry to re­focus.

Early field tests suggest chemical treatments may be able to significantly increase production from unconventional formations.

SPE is inviting comments on a draft technical report titled Getting to Zero and Beyond: The Path Forward.

The SPE Board of Directors has revised its structure, accepting recommendations from a task force that studied its geographical and technical makeup. Board membership will be reduced from 27 to 19 under this revision. Changes to the board structure will be phased in over the next 3 years as the terms of current board members end.