Wednesday 20, Feb 2019

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 Registration is closed for this event
Located at San Antonio Petroleum Club 8620 N. New Braunfels, 7th Floor 11:30am to 1:00pm

Allen Gilmer- DrillingInfo

 

The big picture... the health of US O&G depends on its success as an exporter. The oil that we are producing is a novelty item. The US and, with time, the world will be awash on 50+ API oil. This will continue to force the hydrocarbon markets to break into components. WTI and NYMEX and Henry Hub will no longer be granular enough markings. Hydrocarbon chain components will be freer to move more and more independently, constrained principly on the cost to crack. Where will the increasingly valuable 20-45 API crudes be found in the US? The small picture... I'll show you how we look at and model the subsurface... not as big geovoxels, not as largely seismically derived subsurface representations, but as a very fine grained "probability space" where seismic data can provide "soft controls". We will also talk about the LIMITATIONS of data-only AI and statistics and why First Principles and physics still matter...

 

Bio:

Allen is the Founder of Drillinginfo, Inc., the most quickly and widely-adopted decision support software platform in the history of the oil and gas industry. Today, more than 3,500 companies comprising over 90% of US oil and gas capex subscribe to Drillinginfo's SaaS offerings. Drillinginfo has 650 full time employees in offices all over the world. Prior to founding Drillinginfo, he was an independent oil and gas producer and entrepreneur of three successful oil and gas companies that have sourced over 100 million barrels of oil.
Allen is the immediate Past Chairman of the Texas Independent Producers and Royalty Owners (TIPRO), past Texas Chair and National Board member of the DOE's Petroleum Technology Transfer Council (PTTC), and member of the Development Board of the University of Texas at El Paso (UTEP), Advisory Board of UTEP's College of Science, Colorado School of Mines Petroleum Engineering Advisory Board Member, and several other nonprofit organizations. He was selected as UTEP's Distinguished Alumni in 2017, Austin Business Journal's Large Company CEO of the Year in 2014, Top 7 Upstream Influencers in 2014, Texas Monthly's Texas Outstanding Geoscientist in 2012, E&Y's Entrepreneur of the Year in Central Texas in 2012, and Top 100 Energy Influencers in 2011. Allen is also a member of the Texas Business Leadership Council, a statewide network of CEOs and senior business executives who advance a long-term vision of a prosperous Texas in a globally competitive business environment
He received a B.A. in Geology from Rice University in 1984, and an M.S. in Geology from UTEP in 1987.
 

When
January 9th, 2019 11:30 AM   through   1:00 PM
Location
8620 N. New Braunfels
7th Floor
San Antonio, TX 78217
United States
Contact
Event Fee(s)
STGS Meeting Fee
Member Fee $ 25.00
Non-Member Fee $ 30.00
Pay at Door $ 0.00
Student Fee $ 0.00

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