Introduction to the Petroleum Resources Management System (PRMS) Application Guidelines

Includes a Live Web Event on 01/05/2023 at 10:00 AM (EST)

The previous version of the Guidelines for Application of the PRMS was published in 2011 following the release of the Petroleum Resources Management System, or PRMS, in 2007. When the PRMS was updated in 2018, it was incumbent upon SPE’s Oil and Gas Reserves Committee (OGRC) to undertake a revision of the Application Guidelines (also referred to as the AG). However, the 2022 AG is not merely a refresh of the 2011 AG, but a complete re-write by contemporary subject matter experts.

This webinar presents a background on the history of, and the need for, resources definitions and their application, with a brief overview of the updates between the 2007 and 2018 versions of the PRMS. A more thorough discussion highlights the redesign of the 2022 AG relative to its prior edition, with emphasis on its five major updates:

  • Expanded scope
  • New chapters
  • Cross-referenced chapters
  • Additional examples
  • Revised glossary

Additionally, the webinar demonstrates example applications and highlights new terminology.

This webinar is categorized under the Management and Leadership technical discipline.

All content contained within this webinar is copyrighted by Charles Vanorsdale and its use and/or reproduction outside the portal requires express permission from Charles Vanorsdale.

Charles Vanorsdale

Charles R. Vanorsdale recently retired from Saudi Aramco, where he had been a Senior Petroleum Engineering Consultant in the Upstream Development Strategy & Reserves Department.In his 15 years at Aramcoin Dhahran, he ensured compliance with PRMS guidelines in the annual reserves reporting process and was a key player in Aramco’s 2019 Initial Public Offering. Prior to Aramco, he was brought onboard at El Paso Corporation to bring their coal bed methane reserves in compliance with the Securities and Exchange Commission rules.Charles has been focused on reserves assessment and guidelines since 1980 when he joined an international consulting firm. His career has spanned over 40 years, starting with Getty Oil Company in the late 1970s. Charles served on the SPE Oil & Gas Reserves Committee from 2017 to 2021 and on numerous other SPE committees since 1989. A registered professional engineer in the states of Texas and Oklahoma, Charles earned a BS in Petroleum Engineering and a Masters of Engineering Management, both from the University of Tulsa.

Steve McCants (Moderator)

Steve McCants has over forty-two years of experience working in various positions of increasing responsibility. He most recently formed Rivercrest Oil and Gas with a focus on consulting and M&A Evaluations for clients.  Prior to this he was Head of Reservoir Engineering at CC Energy Service Inc, he held positions in Occidental Petroleum Corporation (Oxy) as Chief Subsurface Manager for the Mid-Continent Region, Director of Reserves and worked in the Corporate Reserves Group. Additionally, he worked for Altura Energy, a limited partnership formed in 1997 through a combination of the former Amoco Corporation and Shell properties in the Permian basin. He began his career with Amoco Production Company. Steve has a B.S. in Industrial Engineering and is a member of the Society of Petroleum Engineers (SPE) serving in many positions in the Gulf Coast Section, including Chairman. He also served on the PRMS 2018 update committee and served as the Oil and Gas Reserves Committee (OGRC) Chairman for SPE in 2019-2020.

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Introduction to the Petroleum Resources Management System (PRMS) Application Guidelines
01/05/2023 at 10:00 AM (EST)   |  90 minutes
01/05/2023 at 10:00 AM (EST)   |  90 minutes
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Live and Archive Viewing: 0.15 CEU/1.5 PDH credits and certificate available
Live and Archive Viewing: 0.15 CEU/1.5 PDH credits and certificate available