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FOR IMMEDIATE RELEASE CONTACT: Dana Otillio (+1.972.952.9471, email [email protected])

2011 SPE Annual Conference in Denver Highlights Safety, Shale Gas and Global Energy Strategy

RICHARDSON, Texas, USA (21 June 2011)--On 30 October­2 November, the Society of Petroleum Engineers (SPE) brings together E&P professionals from around the world for the 2011 Annual Technical Conference and Exhibition (ATCE) in Denver, Colorado, USA. For the past 87 years, ATCE has been the leading technical conference in the upstream oil and gas industry, presenting current best practices and emerging technologies to the engineers, scientists, academia, managers and executives in attendance. This year's conference received 1,550 paper proposal submissions with 400 selected for presentation. Presentations will cover shale and other unconventional reservoirs, longterm global energy strategy, safety, remote operations and other important technical topics. The ATCE 2011 exhibition has approximately 350 exhibiting companies featuring the latest products and services. In Monday's Opening General Session, a diverse group of leaders from inside and outside of the oil and gas industry will express their vision and provide their views on the pros and cons of establishing common oil industry standards and enforcing best practices. Issues to be addressed include the prioritization of standards, adoption and impact on operations and safety, and complications related to advocacy and enforcement. "ATCE is a great opportunity to get the latest technical information in one place on the most important topics facing the global E&P industry, and to meet new contacts, as well as renew acquaintances with colleagues. This is our flagship event for SPE members, where we will honor those who have made significant contributions to SPE and the industry, and where you can take advantage of the wide range of member services that SPE offers at the SPE Pavilion," said 2011 SPE President Alain Labastie. ATCE 2011 features many special sessions and topical events of broad interest, as well as focused topics for students, women, young professionals and technical interest groups.

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Page 2: 2011 SPE Annual Conference Highlights Safety, Shale Gas and Global Energy Strategy

A panel session on "Economic Modeling in Oil and Gas Markets" will present experts from universities who will discuss the current interest in the E&P industry, statistical analysis of super cycles in oil prices, an optimization model that minimizes bidding risk, simulation of the effect of shale gas on world LNG markets, and a game theory model related to environmental policies and oil spills. In a special session on carbon capture, the SPE Board's technical directors and other experts will address the role of the petroleum industry in the process of CO2 capture, storage and use. The directors will address issues such as technology, public acceptance, international collaboration and financial considerations. A session on "Environmental Considerations in Shale Play Development" will generate open discussions on current HSE and social issues in the US and how these challenges may translate around the globe. Several ATCE events focus on the unique regional needs of professionals in the Rocky Mountains, including a session on the Niobrara and Bakken formations, "Evolution Towards Successful Completion Strategies in Liquid-Rich Rockies Basins." On Wednesday, SPE and the National Energy Education Development (NEED) Project present a teachers workshop to facilitate energy education in grades K­12. The workshop provides Denver-area teachers with lessons and activities that they can immediately start using in their classrooms. This workshop is a component part of SPE's energy education outreach program, Energy4me. SPE's Annual Reception and Banquet recognizes individuals for their significant contributions to the oil and gas industry, and the President's Luncheon offers the "State of the Society" address from 2011 SPE President Alain Labastie, who will pass the presidential gavel to 2012 SPE President Ganesh C. Thakur. For more information on ATCE 2011, visit www.spe.org/atce. ###

About Society of Petroleum Engineers The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose members are engaged in energy resources development and production. SPE serves more than 97,000 members in 118 countries worldwide. SPE is a key resource for technical knowledge related to the oil and gas exploration and production industry and provides services through its publications, events, training courses and online resources at www.spe.org.

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