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PHDWIN WEEK 2020

OCTOBER 12 – 16

PHDwin Week 2020 in Review

After years of development and beta testing, the next generation of PHDwin software launched during PHDwin Week 2020. The PHDwin Week sessions were recorded and are available to view through our Client Portal. Registration for the portal is free and takes just a moment.

These sessions take a close look at specific features, workflow, and application of economics and engineering principles in PHDwin V3.

Access the PHDwin Client Portal to watch the recorded sessions

Monday, October 12, 2020

October 12, 2020
10AM – 11AM CDT

Welcome to the Next Generation of PHDwin

Join us for the kick off of our first annual PHDwin week as TRC Consultants president, David Pacinda, discusses the journey from the early days of PHDwin to Version 3, the history of TRC Consultants, and some of his personal experiences that have shaped the direction of PHDwin. David will highlight his favorite and most impactful PHDwin V3 features and how our user base and experience have helped drive development decisions.

October 12, 2020
11AM – 12PM CDT

Meet PHDwin V3’s New Backend Database: SQL Server

CEU: 1 Professional Development Hour

Join TRC’s Francois Mores as he discusses the sophisticated, yet practical solutions offered by SQL Server and why it has been chosen as the backend database of PHDwin V3. You’ll quickly learn how MS SQL provides more than just a speed boost.

October 12, 2020
2PM – 3PM CDT

Forecasting Methods and New Graphing Tools in PHDwin V3

CEU: 1 Professional Development Hour

PHDwin V3 offers new forecasting methods including Arps, scheduled values, and stretched exponential, along with the ability to mix and match forecast methods by segment. Coupled with enhancements to graphic tools including flow regime reference lines, unlimited graph plots, and multi-case plotting, PHDwin’s completely updated graphics engine will allow users to forecast and analyze economics and reserves more quickly, easily, and accurately. In this session, Adan Jordan will perform a deep dive to focus on these new features to demonstrate the level of analysis that no system has provided before.

October 12, 2020
3PM – 4PM CDT

Partner Focus: Shawn Zhang presents “One World, One PHDwin”

CEU: 1 Professional Development Hour

Shawn Zhang presents a focus on the use of PHDwin by national oil companies outside of North America and his own work as a key partner in our international efforts. To date, PHDwin has been used to model O&G economics and reserves in more than 40 countries around the world. This session will highlight key features that position PHDwin V3 as the dominant international reserves software platform.

Tuesday, October 13, 2020

October 13, 2020
10AM – 12PM CDT

The 21st Century Economics of PHDwin

CEU: 2 Professional Development Hours

PHDWin V3 strives to help you achieve the maximum reserves and profitability out of your wells. With Max Cum Cash Flow controlling the economic limit and input granularity like you have never had before in PHDWin, PHDWin V3 provides all the tools necessary to complete your reserves and stay on top of the market. Join us as Steven Ilgenstein takes you in a journey through the new and powerful features driving your economics in PHDWin v3.

October 13, 2020
2PM – 3PM CDT

Reporting Royalties: A Guide to Ownership Concepts and Reporting

CEU: 1 Professional Development Hour

The ability to model and report ownership interests in assets is a cornerstone of economic workflow. PHDwin V3 has introduced new features to make managing and reporting economics and reserves from single or multiple ownership perspectives easier than ever. This session will take attendees in depth with the new tools including the grid editor, flexible new reports, and ownership qualifiers.

October 13, 2020
3PM – 4PM CDT

Partner Focus: Courtney Stephens presents Leveraging Scenarios and Qualifiers for a Company Workflow

CEU: 1 Professional Development Hour

Scenarios and qualifiers allow modelers of reserves and economics to manage sets of input data to yield multiple sets of outputs with ease. However, the process of managing multiple sets of inputs has always required adherence to rules managed by database users to keep results accurate. PHDwin V3 has set us up for success by developing scenarios and qualifiers that can be utilized in a foolproof way with no rules; no tedious management needed. Common workflows across many disciplines can gain efficiencies putting the scenarios and qualifiers to work for the user throughout the year. Presented by Courtney Stephens, founder and CEO of QED Energy Associates.

Please review the frequently asked questions section below for answers to common questions about PHDwin week. Don’t see the information you need? Email us.

 

What if I am unable to attend one or all of the sessions as scheduled?

Not to worry! After the conference wraps up, everyone will be able to view the conference sessions on demand. We will send an email and update our website to let you know how to access the materials.


Are there opportunities for continuing education credits?

Yes, most sessions during PHDwin week will award 1 or 2 professional development hours that may be used toward your annual continuing education requirements. A total of 19 professional development hours are available from PHDwin Week 2020.

These hours are noted on the session descriptions on the Agenda tab. Certificates awarding these hours will automatically be emailed to you at the conclusion of PHDwin week.


Do I need to have PHDwin V3 installed ahead of PHDwin Week?

No, you do not need to have the software installed for the conference. The presenters of each session will share their screens or other materials to give you a look into the software. However, you are welcome to download and install the PHDwin V3 Release Client if you’d like to do some review on your own.

Wednesday, October 14, 2020

October 14, 2020
10AM – 12PM CDT

Scenarios, Qualifiers, and Multiple Users: The New Workflow of the Version 3 Platform

CEU: 2 Professional Development Hours

PHDwin V3 offers scalability in a true multi-user environment via tools such as scenarios, qualified economics, corporate definitions, database-level settings, and behind the scenes processes for managing multiple users’ inputs. Join TRC Consultants president, David Pacinda, for a discussion about these features and the workflow possibilities they open for the future.

October 14, 2020
2PM – 3PM CDT

From A to PHZ: A Transition Guide from PHDwin Version 2

CEU: 1 Professional Development Hour

PHDwin has a reputation as a software that is intuitive and quick to pick up and begin producing meaningful results with. We are confident that new and long-time users alike will quickly catch on to the new user interface in PHDwin V3; however, as with any major software upgrade, there are bound to be a few learning curves. Join TRC’s Jonathan Smith for a practical walk through of the transition from PHDwin V2 workflows to PHDwin V3. This session is recommended for all PHDwin Version 2 Users.

October 14, 2020
3PM – 4PM CDT

Partner Focus: Don LeBlanc Introduces New Training Program on Theory and Practical Application of Engineering Concepts in PHDwin V3

CEU: 1 Professional Development Hour

Join guest training instructor Don LeBlanc as he discusses the new training courses TRC Consultants will begin offering as soon as possible. The courses focus on engineering theory and practical application of concepts in PHDwin V3 including:

  • Field development
  • Selecting an appropriate Arps b-factor
  • Nominal vs. Effective decline factors
  • Multi-segment decline curve analysis and use with flow regime reference lines
  • Best practices for generating type curves from normalized data
  • Probability factors and impact on type curves

Thursday, October 15, 2020

October 15, 2020
10AM – 12PM CDT

Pad and Platform Economics

CEU: 2 Professional Development Hours

Learn how PHDWin is revolutionizing the economics of offshore platforms and onshore Pads with an in-depth look at the upgraded options for group economics. A brand new automated blended ownership feature simplifies the calculation of group ownerships and ensures that whether costs are reported as a line item or allocated to individual wells the values are the same. Have a complex project that comprises multiple fields and development schedules? PHDWin’s automated nesting of group economics make modeling the intricate projects fast, reliable, and robust. Come see how the next generation of economic group cases can give you the competitive edge by simplifying workflow and improving results.

October 15, 2020
2PM – 3PM CDT

The Next Generation of Unconventional Reserves

CEU: 1 Professional Development Hour

PHDWin V3 offers superior features to accommodate all aspects of unconventional field studies. Join Shishen (Ipher) Li as he demonstrates PHDwin V3 as the primary tool for the technical and economic evaluations of the Aguila Vado field in the Eagle Ford play. The field study exercise compares different evaluation methods (well, group, and field level evaluation) to help determine the resulting differences and best practices for effective evaluation.

October 15, 2020
3PM – 4PM CDT

Partner Focus: Data Visualization with PetroVisual: More Than Just Bubble Mapping

CEU: 1 Professional Development Hour

TRC Consultants has forged an exciting partnership with BLR Digital, the makers of Rosetta and PetroVisual, to provide a direct data connection between PHDwin and the PetroVisual data visualization tool. Go beyond bubble mapping with this ultimate visualization and QC tool by viewing your PHDwin data in PetroVisual maps, PetroPlots, probit graphs, pivot tables, charts, and more in a single click. These tools will empower users to better identify opportunities, issues, and trends all within the PHDwin application.

Friday, October 16, 2020

October 16, 2020
10AM – 11AM CDT

Defining Investments and Modeling Depreciation

CEU: 1 Professional Development Hour

Version 3 allows users to see investment report categories which simplifies reporting and allow for detailed investment tracking. Shishen Li will show our robust depreciation modeling options and demonstrate the value of depreciation purposes to track the same investment under different depreciation regimes.

October 16, 2020
11AM – 12PM CDT

PHDwin V3 Launch Questions & Answers Session #1

This session bookends PHDwin Week 2020 and gives you and your team a chance to ask your questions about the launch of PHDwin V3 from installation, to workflows, to licensing.

October 16, 2020
2PM – 3PM CDT

PHDwin Week in Review

CEU: 1 Professional Development Hour

Missed other sessions this week? Not to worry, this 1 hour recap will briefly touch on all the features and workflows that were previously covered. Additionally, you’ll be provided with links to watch earlier sessions on demand.

October 16, 2020
3PM – 4PM CDT

The Future of the PHDwin Platform

The launch of PHDwin V3 is only the first step in the future of the PHDwin platform. Join our team as we discuss items on the PHDwin roadmap.

October 16, 2020
4PM – 5PM CDT

PHDwin V3 Launch Questions & Answers Session #2

This session bookends PHDwin Week 2020 and gives you and your team a chance to ask your questions about the launch of PHDwin V3 from installation, to workflows, to licensing.

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