Technology Commercialization; Trends and Strategies for Commercializing E&P Technologies
Authors: Schroeder Art J. 
Published: October 2008

Technology innovation and application appears to have driven down the finding and producing cost of oil and gas for the last two decades. The industry structure and corporate strategies that delivered these results has changed markedly, with budgets for both funds and people being slashed. Duplication and overlap in programs and piece-meal projects that don't provide end " to " end solutions continue to hamper efficiencies yielding product development cycles that continue to lag other industries. With reserve revisions, rate acceleration techniques, depletion schemes that result in fewer delineation wells, etc; has value really been added? The panel will examine these issues and discuss strategies and models of cooperation to help fund and commercialize technologies that can make a difference.

Session Chair - Art J. Schroeder Jr., CEO - Energy Valley, Inc.(Picture available in full paper)

Art Schroeder is CEO of Energy Valley, Inc., a company that provides money, marketing and management to advance energy related technologies. Art is also a principal and founder of The Energy Forum, LLC which specializes in energy event production and management. For over 20 years he has been responsible for operations, engineering, construction, environmental, health & safety, and crisis management within the petroleum sector. Through his career he has served on a number of industry and civic boards and published numerous technical papers.

Art was graduated from Ga. Tech with both a B.S. and M.S. in Chemical Engineering with a minor in Environmental Engineering, and from the University of Houston with an MBA, major in Finance and International Business. He recently completed a one-year graduate level certificate program at University of Houston in eBusiness Management

Co-chair; Michael Economides, University of Houston (Picture available in full paper)

Michael J. Economides is one of the most instantly recognizable names in the petroleum and chemical engineering professions and the energy industry. He is a Professor at the Cullen College of Engineering, University of Houston, and the Chief Technology Officer of the Texas Energy Center. Previously, he was the Samuel R. Noble Professor of Petroleum Engineering at Texas A&M University and served as Chief Scientist of the Global Petroleum Research Institute (GPRI). Prior to joining the faculty at Texas A&M University, Professor Economides was the Director of the Institute of Drilling and Production at the Leoben Mining University in Austria. Before that, Dr. Economides worked in a variety of senior technical and managerial positions with a major petroleum services company. Publications include authoring or co-authoring of 11 professional textbooks and books, including "The Color Of Oil" and almost 200 journal papers and articles. Economides does a wide range of industrial consulting, including major retainers by national oil companies at the country level and by Fortune 500 companies. He has had professional activities in over 70 countries. In addition to his technical interests he has written extensively in wide circulation media in a broad range of issues associated with energy, energy economics and geopolitical issues. He also appears regularly as a guest and expert commentator on national and international television programs.