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The Financial Impact of Modeling - Consultation

01 July 2024

Cost: $1500/hr

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Message Steven Roth

Description of Consultation

When entering the field development phase, to do it properly, the 3D modeling is extremely valuable. Modeling is constantly adding an exploratory angle to development, telling you where the next well should be drilled.

But even when buying and selling assets, accurately calculating reserves that are still in place, as well as what’s required to extract it, helps you determine true value.

If you need to know not only the reserves in place, but also what has been produced, we can do a full field study to see what’s left. We will run streamline simulations to come up with drainage regions that will allow us to make “new pay” determinations.

New pay is bypassed pay that has been flagged in the NULOOK petrophysical process, but has not been perforated, and has not been drained by any offset well. To find it, though, you must create a 3D model and run streamline simulations on all the wells around it.

This process allows us to provide recommendations such as workovers and new drill locations, assuming the found reserves are adequate enough for production.

What you will get from meeting with me

The Financial Impact of Modeling - Consultation

Things I can do. Things I can offer

The Financial Impact of Modeling - Consultation

My Classification

Energy Service Company,Engineering Company,Consulting Company,Contractor,Sub-Contractor

My Experience Level

Senior

About Steven Roth

Steven Roth joined NuTech in 2000. Prior to his appointment as CEO, Mr. Roth served as Chief Marketing Officer, Chief Operating Officer, Vice President of Sales and Marketing, International Business Development Manager, and as a Senior Account Manager with NuTech.

Mr. Roth graduated from the University of Wisconsin in 1986 with a Bachelor of Science degree in Geology, and later earned his Master of Science degree in Geology from Kansas State University. With more than 36 years of experience in the oil and gas industry, he has also worked as:

Senior Development Geologist for Stocker Resources, Inc. where duties included developing a 3D reservoir model, identifying new drill well locations for the drilling program, assisting in designing the drilling program for new drill wells. Played a key role in constructing and implementing a petrophysical model for the Inglewood Field, which revolutionized the completion process.
Senior Exploration Geologist with ARCO International Oil and Gas responsible for geologic duties pertaining to two lease blocks, offshore Gabon, West Africa, which included drilling a $15 Million oil discovery, basin analysis, and prospect generation. Conducted presentations to ARCO management, foreign partners, and Gabonese government officials. Responsible for all phases of geological exploration in onshore and offshore basins throughout world. Beyond West Africa, duties also included regional basin analysis, prospect generation, core description, source rock maturation modeling, interpreting 2D seismic data, and wellsite evaluation. Participated in bid-rounds, data rooms, and farm-out presentations. Involved with projects in Syria, Australia, New Zealand, Myanmar, Vietnam, China, and Russia. Conducted presentations to ARCO management, foreign partners, and government officials.
Development Geologist with THUMS Long Beach Co. (ARCO) responsible for geologic duties pertaining to the Long Beach Unit, offshore Wilmington Field, which included assisting with the interpretation of a 3D seismic data set. As part of a Reservoir Management Team, duties included working with the reservoir engineers to identify new drilling locations and completion intervals, detailed reservoir volumetric studies, seismic interpretation, and prospect assessment.

Mr. Roth is also a member of the American Association of Petroleum Geologists (AAPG), and the Society of Independent Professional Earth Scientists (SIPES).

Skills and Expertise

Upstream Oil & Gas
Sales, Marketing, Business Development Core Analysis Production Operations Services Finance Geomechanics Reservoir Completions Drilling Geology Geophysics Petrophysics Simulation Well Testing Coiled Tubing Log Analysis Formation Evaluation Enhanced Oil Recovery (EOR) Hydraulic Fracking Artificial Lift Wireline Data Mud logging Project Management