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SC - 09 Mastering Uncertainty and Risk in Unconventional Reservoir Assessment

Society of Petroleum Engineers

Sunday, 25 July 2021, 8:00 a.m.–5:00 p.m.  |  Houston, Texas

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Who Should Attend

This course is intended for geoscientists, engineers, commercial team members, business analysts, and managers charged with creating value from their unconventional projects.

This Learning Level is marked as: Intermediate.


This course provides the strategies, tactics, and tools needed to effectively assess and value unconventional oil and gas projects. The premise is that sound estimating of key geoscience, engineering, and economic parameters is essential for maximizing profitability. Probabilistic techniques and a staged approach are emphasized to quantify the range of possible outcomes and make good decisions about which projects are worthy of investment.

Course Content

This course provides a robust framework for assessing project uncertainty and risk. Topics will include:

  1. A summary of the workflows and work products critical for characterizing your unconventional project
  2. How to estimate under uncertainty, use statistics to communicate this uncertainty, and identify & mitigate biases
  3. Understanding how aggregation and its derivative products can help you quantify uncertainty and risk
  4. Application of a rigorous stage gate process to incrementally expose and wisely spend capital


Professional Members
Professional Non-Members
Class Limit
Professionals 35
Students 5
Educational Credits
1.6 CEU
Fee Includes
One-day course with lecture
Access to SPE's Learning Management System
Class exercises and discussion
Morning and afternoon refreshments and lunch



Creties Jenkins is a Partner with Rose and Associates specializing in the characterization of unconventional reservoirs. Over the past decade he has conducted integrated studies, project reviews, and resource evaluations for 50+ companies and has taught 100+ industry courses and workshops. He has served as a technical editor, Distinguished Lecturer, and distinguished author for SPE and is a past president of the Energy Minerals Division of AAPG. Jenkins received a MS in Geology and a BS in Geological Engineering from the South Dakota School of Mines. He is a registered professional engineer and a registered professional geologist in Texas.



SC - 09 Mastering Uncertainty and Risk in Unconventional Reservoir Assessment
George R. Brown Convention Center
1001 Avenida De Las Americas
Houston, Texas 77010
United States
(713) 853-8000