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Shale Asset Management via Advanced Data-Driven and Predictive Analytics

Recorded On: 11/13/2013

Advanced Data-Driven Analytics provides much needed insight into hydraulic fracturing practices in Shale. Unlike analytical and numerical modeling that are based on “Soft Data", Advanced Data-Driven Analytics incorporates “Hard Data". “Hard Data" refers to field measurements (facts) such as drilling information, well logs (Gamma ray, density, sonic, etc.), fluid type and amount, proppant type, amount and concentration, ISIP, breakdown and closure pressures, and rates, while “Soft Data" refers to variables that are interpreted, estimated or guessed (and never measured), such as hydraulic fracture half length, height, width and conductivity or the extent of the Stimulated Reservoir Volume (SRV).Presented by Shahab D. Mohaghegh


Shahab Mohaghegh

WEST VIRGINIA UNIVERSITY & INTELLIGENT SOLUTIONS, INC.

Shahab D. Mohaghegh, a pioneer in the application of Artificial Intelligence and Data Mining in the Exploration and Production industry, is the president and CEO of Intelligent Solutions, Inc. (ISI) and Professor of Petroleum and Natural Gas Engineering at West Virginia University. He holds B.S., MS, and PhD degrees in petroleum and natural gas engineering

He has authored more than 150 technical papers and carried out more than 50 projects for NOCs and IOCs. He is a SPE Distinguished Lecturer and has been featured, four times, in the Distinguished Author Series of SPE's Journal of Petroleum Technology (JPT). He is the founder of SPE's Petroleum Data-Driven Analytics Technical Section that focuses on the application of AI and data mining in the upstream. He has been honored by the U.S. Secretary of Energy for his technical contribution in the aftermath of the Deepwater Horizon (Macondo) incident in the Gulf of Mexico and was a member of U.S. Secretary of Energy's Technical Advisory Committee on Unconventional Resources (2008-2014). He represents the United States in the International Standard Organization (ISO) on Carbon Capture and Storage.

Shahab D. Mohaghegh is the president and CEO of Intelligent Solutions, Inc. (ISI) and Professor of Petroleum and Natural Gas Engineering at West Virginia University. A pioneer in the application of Artificial Intelligence and Data Mining in the Exploration and Production industry, he holds B.S., MS, and PhD degrees in petroleum and natural gas engineering.

He has authored more than 150 technical papers and carried out more than 50 projects many of them with major international companies. He is a SPE Distinguished Lecturer and has been featured in the Distinguished Author Series of SPE’s Journal of Petroleum Technology (JPT) four times. He is the program chair of Petroleum Data-Driven Analytics, SPE’s Technical Section dedicated to data mining. He has been honored by the U.S. Secretary of Energy for his technical contribution in the aftermath of the Deepwater Horizon (Macondo) incident in the Gulf of Mexico and is a member of U.S. Secretary of Energy’s Technical Advisory Committee on Unconventional Resources. Shahab is the designated U.S. liaison (WG4) representing the Unites States in the International Organization for Standardization (ISO) for CO2 capture and storage.

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