The presentation will include a primer on the technologies and techniques of Hydraulic Fracturing and Horizontal Drilling. We will then move on to a domestic oil and natural gas production outlook to the year 2040. We will next look at the concept of staying power which indicates an increase in production of oil and natural gas has been made possible despite a reduction in overall drilling operations which is driven by continuous optimization and drilling efficiency.
Transportation will be an area that should be affected by this new abundance. We will look at some of the expected changes which are predicted. In addition, it is somewhat astounding to think that the U.S. may become an exporter of Natural Gas with such vast energy resources at our disposal. Finally we will look at the challenges of unconventional oil as well as the major areas of research taking place.
This will be an incomparable opportunity to do the research and get the facts surrounding "Fracking." We hope you will take advantage of it by joining us.
April 29, 2016
George Washington University – Marvin Center RM 405
800 21st Street, NW
Washington DC, 20052
[Rick Elliott - PE CEM] Richard Elliott, P.E., CEM, CFM, CCE – Retired - Director, Supply and Delivery Division, Department of Energy, Office of Fossil Energy.
Mr. Elliot recently retired as an engineer for the Department of Energy. He earned his Engineering Degree and M.S. in Civil Engineering from the University of Southern California, and a B.S. in Chemistry from the U.S. Naval Academy. Rick has over 35 years of experience in facilities engineering, facilities management, and construction management in both the public and private sectors. He is a Registered PE in Virginia, a Certified Energy Manager (AEE), Certified Facility Manager (IFMA), and Certified Cost Engineer (AACE International).
11:00 – 11:30 Registration / Networking
11:30 – 12:30 Lunch
12:30 – 2:30 Presentation
2:30 – 3:00 Questions / Networking / Conclusion
New U.S. Energy Reserves have created a new oil and gas paradigm. Although there is debate about the risks versus the rewards, there is no doubt that U.S. proven energy reserves have increased dramatically due to a few new technologies. Hydraulic fracturing (Fracking), horizontal directional drilling and the shift from scarcity to abundance is the topic of the presentation.
Our esteemed speaker, Mr. Rick Elliot will give us an overview of the perspective of the U.S. Department of Energy's Fossil Energy Division. In this presentation we will learn about how the conventional wisdom that assumed resource scarcity in this country has been flipped upside-down.
April 29: AEENCC Luncheon Meeting – The Energy Renaissance – New U.S. Energy Reserves