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October 2011 Newsletter - petroleum engineering colorado school ...

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FACULTY LETTERSFLECKENSTEIN CONT.The participants in the BIC brings the tools needed to movea startup forward, including corporate legal assistance inpreparing the contracts and agreements involved in startingthe company, including the formulation of term sheets, nondisclosureagreements etc. Through many meetings withoperators involved in multi-stage fracturing in horizontalwells, we narrowed the focus of the technology to improvethe current method of diversion in horizontal wells. Currenttechnology can reach about 40 hydraulic frac stages in ahorizontal well, FracOptimal’s technology can double ortriple that number of stages, and improve the efficiency ofthe process while doing that. There are other applicationsfor the patented technology, such as ultra-short horizontalsidetracks, but what appears to hold the biggest interest forpotential investors is the multi-stage fracturing applications.Any parties interested in participating in FracOptimal,please contact Dr. Will Vaughan wvaughan@mines.edu atthe CSM Technology Transfer Office, or myself atwflecken@mines.edu .I hope everyone has had a wonderful year and look forwardto seeing many of you at the CSM Alumni Reception at theSPE ATCE in Denver this fall.TODD HOFFMAN“matches” the greatest good for the greatest number, andyou are contractually obligated to go where you matched.So when the dust settled on my normal interview processand I was offered the faculty position last February, westill had to wait another month to see if Holly “matched”a program in Denver. She did, and now she is working atSt. Anthony North – her first choice. Often it is difficultto make dual careers succeed, but fortunately for us, it isworking out well.Todd and Holly relaxing in HawaiiIt is amazing how sometimes the stars line up just right andyour life changes quickly and significantly. Just over a yearago, I sent an email to Ramona. I was coming to Keystone,CO for an SPE workshop on the Bakken and wanted to knowif I could stop by to talk to her about the possibility of someadjunct teaching opportunities for the fall of <strong>2011</strong>. Ramonawas traveling when I came to town (surprise, surprise), sowe didn’t get to meet, but she did let me know that theywere posting a position for a new faculty. Well… long storyshort, here I am. :-)Ok, it wasn’t that easy, but mainly because my wife, Holly,was finishing med <strong>school</strong> and applying to residencies. Forthose of you lucky enough not to know how residencyapplications work, let me fill you in (it is different thanany application process I know). The first part is normal;you apply to programs and get interviews at some. Afteryou have finished all of your interviews, you rank theprograms from 1 to whatever AND the residencies rankall the applicants from 1 to whatever. Still with me? Nowthe weird part. The rankings from all the applicants and allthe programs are thrown into a big supercomputer, and itNow that I am here, let me give you my quick background.I grew up on a cattle ranch in Idaho and went to collegein Montana. Although I had never seen an oil well beforeor even knew much about the industry, I kind of fell into<strong>petroleum</strong> <strong>engineering</strong> – and loved it. After my BS, Iworked in Houston for Anadarko. The job was great, butHouston and I didn’t fit. By then, I had started to considerbeing a professor, so we decided to head to California whereI did <strong>petroleum</strong> <strong>engineering</strong> graduate work at Stanford. Ireceived my MS in 2002 and my PhD in 2005, and I wentback to Montana Tech to teach. After three years, we movedto Seattle where Holly went to med <strong>school</strong>, and I worked asa consultant – first independently, then for the last year anda half with Golder Associates. Consulting was convenientwhile Holly was going to <strong>school</strong>, but I was really lookingforward to getting back to the academic world.I am teaching an EOR graduate level class this fall andPetroleum Geostatistics next spring (and I might try tohelp out Senior Design – by far my favorite class to teachwhen I was at M. Tech). I am doing some research onrepresenting complex hydraulic fractures and improvingreservoir modeling and history matching, but currentlythe main focus of my research is on gas injection into shaleoil reservoirs such as the Bakken and Niobrara. Primary7

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