Short Course

SC-06 PRMS Training (SPE)

Sunday, 8 June 2025, 8:00 a.m.–5:00 p.m.  |  Houston, Texas

Who Should Attend

Delegates whose business activities include consideration of development and production of petroleum resources and economic valuation of these resources (including property purchases and sales) will find this course helpful. In addition, delegates who are affected by regulations affecting disclosure of petroleum quantities will benefit. Attendees typically include financial analysts, attorneys, petroleum business stakeholders, and petroleum industry technical professionals.

Course Content

This course will present the elements of the Petroleum Resources Management System (PRMS) and its resources classification framework, a systematic way of placing all petroleum initially in place in an accumulation into a convenient inventory. Resources are classified based on their probabilities of becoming commercial and placed into categories within classes based on their relative certainty of being produced. We will focus on economic criteria for classification as reserves. We will illustrate application of principles with frequent discussion questions about interpretation of PRMS.

Topics:

• Elements of PRMS
• The classification framework
• Definitions of the resource classes prospective resources, contingent resources, and reserves
• Explanation of low, best, and high categories within resource classes
• Criteria for promotion of prospective resources to contingent resources and contingent resources to reserves
• Economic considerations in resource classification
• Browsing in the PRMS document

Upon completion of this course, participants will be able to:

• State the essential elements of PRMS and relate them to the petroleum business.
• Place resources into appropriate classifications.
• Place resources within a given classification into appropriate categories.
• Promote resources from classes less certain of ultimate commerciality to classes with greater certainty.
• Locate important definitions and guidance in the PRMS document.

Disciplines: Completions, Reservoir Engineering

Learning Level: Intermediate

Instructor

W. John Lee holds the DVG Endowed Chair in petroleum engineering at Texas A&M University. Prior to this position, he held the Hugh Roy and Lillie Cranz Cullen Distinguished University Chair at the University of Houston’s petroleum engineering program from 2011 to 2015. Still earlier, Lee was a professor of petroleum engineering at Texas A&M from 1977 to 2011. He was the former executive vice president of S.A. Holditch & Associates, where he specialized in reservoir engineering for unconventional gas reservoirs. He served as an Academic Engineering Fellow with the US Securities and Exchange Commission (SEC) in Washington during 2007–2008 and was a principal architect of the new SEC rules for reporting oil and gas reserves. Prior to beginning his career in academia, Lee managed Exxon’s Major Fields Study Group. He has written many technical papers and four SPE textbooks: Well Testing, Gas Reservoir Engineering, Pressure Transient Testing, and Applied Well Test Analysis. Lee is an Honorary Member of SPE and a member of the US National Academy of Engineering. He received his BChE, MS, and PhD degrees in chemical engineering from the Georgia Institute of Technology.

Fees

Room Assignment: Room 371D

Registration Fees:

Attendee Limit: 40

Educational Credits: .8 CEUs/ 8 PDH's will be awarded for attending this 1-day course

Venue

George R. Brown Convention Center

1001 Avenida De Las Americas

Houston, Texas 77010

United States

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