Chad R. Holowatuk, P.Eng. Suite 500, 521 3rd Ave SW Calgary, Alberta T2P 3T3 Office Phone (403) 718-8563 EMPLOYMENT HISTORY Canbriam Energy Inc. Calgary, Alberta Vice President, Reservoir Engineering July 2007 – present Co-founded an unconventional gas exploration company by raising $400MM of private equity. Canbriam was created with the purpose of identifying, delineating, and developing new shale gas resources across North America. Canbriam’s currently has operations in the Montney shale in Northeast British Columbia and the Utica shale in Quebec. • • • • Responsible for all reservoir related technical matters including reserve evaluations, pressure and rate transient analysis, regulatory applications, competitor performance evaluations, production forecasting, and field development planning. Perform exploration project risk analysis and economic evaluations Actively participate in public and government relations Chairman of two sub-committees within the Quebec Oil and Gas Association (QOGA) Pengrowth Energy Trust Calgary, Alberta Manager, Reservoir Engineering • • • • Lead a team with seven direct reports and responsible for all reservoir engineering activities for Southern Business Units. As a member of the Extended Leadership team, reviewed and approved all capital projects, influenced corporate strategy, and set technical standards. Integrated recently acquired properties, staff and systems. Developed business and regulatory compliance processes. Esprit Energy Trust Calgary, Alberta Manager, Reservoir Engineering • • • • • • • October 2006 – July 2007 October 2004 – October 2006 Built a successful technical reservoir engineering team following the conversion to a royalty trust. Member of the functional management team which reviewed all capital projects and provided strategic direction to the teams. Manage the company’s reserves and work with third party auditors. Coordinate annual production forecasting and capital budgets. Responsible for reservoir related regulatory compliance. Evaluated, successfully acquired, and integrated three two oil and gas companies worth $450MM. Integral part of the Pengrowth divestiture which included preparing and presenting numerous technical presentations to interested parties. Esprit Exploration Ltd. 2004 Calgary, Alberta Senior Reservoir Engineer March 2003 – October Chad R. Holowatuk, P.Eng. • • • • • • • Work in a team environment with geologists, geophysicists, land negotiators, and operations staff to maximize profitability and turn exploration successes into producing properties in a timely manner. Manage development, depletion strategy, and capital spending for producing operated properties in Central Alberta with total net production of 6500 BOE/d (32 Mmscf/d gas and 1100 bbl/d oil and NGL’s). The majority of the gas production is sour with H2S concentrations as high as 40%. With the geosciences team, conduct exploration risk analysis and technical evaluations to acquire acreage and establish new exploration areas in the Deep Basin. Coordinate the production and facility optimization program for the Olds sour gas field Active role in preparing the company’s divestiture packages. This involved preparing the information memorandum, dataroom, and technical upside reports, as well as presenting the material to interested third parties. Coordinated a Coal Bed Methane (CBM) project feasibility study in the Swalwell/Twining area. United Way Charity 2003 Campaign Co-coordinator. Devon Canada Corporation (formerly Anderson Exploration) Calgary, Alberta Senior Exploitation Engineer • • • • • • • • September 1999 – March 2003 Responsible for twelve oil and gas properties in the Peace River Arch with total net production of 50 Mmscf/d gas and 1000 bbl/d oil. Gross gas production is 60 Mmscf/d. Manage annual capital budgets in excess of $15MM. Conduct annual reserve evaluations for 50% of my properties. Perform economic and technical evaluations for the purpose of acquisition and divestment. Gas related projects include infill and step-out drilling, re-completions, and numerous exploration targets ranging from to Cretaceous to Devonian. Oil related projects include a successful waterflood implementation and Devonian oil exploration. Active role in land sale evaluations to provide development scenarios and economic bidding levels. Manage long-term inactive wells and initiate reactivations and abandonments. Imperial Oil Resources Cynthia, Alberta Pembina Cardium Production Engineer August 1997- September 1999 On-site production engineer responsible for reservoir surveillance, technical management, and workover strategy for five gas pools and six conventional oil properties (2500 bbl/d oil and 30 Mmscf/d gas production). • • • • • • • • Responsible for candidate selection, design, and management of the well workover program. Coordinated regular well performance reviews and built annual production forecasts. Artificial lift optimization and wellbore design for both oil and gas wells. Coordinate and analyze pumping well and gas well build-ups to identify stimulation candidates. Manage voidage replacement and volumetric sweep of secondary recovery schemes. Opportunity Manager for several gas and oil reserve add capital projects. Perform reservoir simulation to generate forecasts for new foothills gas development wells. Regulatory compliance and correspondence. Imperial Oil Resources Calgary, Alberta Norman Wells Reservoir Engineer • • September 1996 - August 1997 Performed detailed reservoir analysis, economic justification, and execution management for a 10 well, $15MM infill drilling program in Norman Wells. Managed vertical conformance and voidage replacement for a miscible flood recovery scheme and a 150 pattern five-spot waterflood. Chad R. Holowatuk, P.Eng. • • • Responsible for regulatory reporting and progress reviews to the NEB. Reduced downtime for regulatory pressure survey requirements (oil gains of 63 Mbbls/year) by facilitating the use of injector falloff testing. Performed technical and economic evaluations of several non-core properties for development potential as well as divestment value. Imperial Oil Resources Calgary, Alberta Norman Wells Production Engineer July 1994 - September 1996 Responsible for reservoir surveillance, workover strategy, and regulatory reporting for the Norman Wells pool (30,000 BPD oil production via 170 producers and 62,000 BPD total injection via 164 injectors). • • • • Identified well candidates and designed workover programs to enhance field-wide injectivity and productivity for the Norman Wells pool. Managed annual workover expenditures of $4.5MM and $500M for production logging. Designed and coordinated injection well step-rate tests that resulted in a field-wide injection increase of 1500 BPD. Lead quarterly well performance reviews with the operations staff. Initiated the use of gel technology and successfully shut-off water cycling through natural and induced fractures resulting in improved pattern performance through increased sweep efficiency. EDUCATION University of Saskatchewan Bachelor of Science in Mechanical Engineering 1994 - Graduated with Distinction MEMBERSHIPS Member of the Society of Petroleum Engineers (Member #1692284) Member of the Association of Professional Engineers, Geologists, and Geophysisists of Alberta PUBLICATIONS L.I. Tweidt, W.D. Chase, C.R. Holowatuk, R.H. Lane, and C.M. Mitchell. (1997). Improving Sweep Efficiency in the Norman Wells Naturally Fractured Reservoir Through the Use of Polymer Gels: A Field Case History. SPE Paper 38901 TRAINING 2009 2007 2005 2003 2002 2001 2001 1999 Rate Transient Analysis (Fekete & Associates) Drillstem Test Interpretation Seminar (Hugh Reid & Associates) Niagara Institute – Building Leadership Essentials Advanced Oilfield Manager (Schlumberger) By-passed Pay Seminar (Hugh Reid & Associates) Cement Integrity Log Analysis (GWB Consulting) Water Analysis Interpretation (Opus Petroleum Engineering) Open Hole Log Analysis (Hilchie) Chad R. Holowatuk, P.Eng. 1998 1997 1997 1997 1996 1996 1995 Well Productivity Analysis and Stimulation (Exxon Production Research) Naturally Fractured Reservoirs (Servipetrol Ltd.) Reservoir Geology for Engineers (Exxon Production Research) Well Testing (Exxon Production Research) Production Operations (OGCI) Production Logging (Exxon Production Research) Reservoir Engineering School (Exxon Production Research)