Join Craig, Derek and special guest John Thompson for an insightful chat unpacking reservoir optimization techniques and production forecasting. We dive into rate transient analysis (RTA) - an advanced form of production data analysis. John breaks down how operators use RTA workflows to characterize reservoirs and inform field development decisions. You'll learn: - What RTA is and how it works - Why RTA helps production engineers identify underperforming wells - How operators leverage RTA for production optimization - Key innovations advancing RTA efficiency Whether you're a petroleum or production engineer, you'll gain valuable perspective on using RTA to unlock a reservoir's production potential. Stick around as John gives us a peek behind the scenes of Saga Wisdom - his digital learning platform making top energy industry training affordable and accessible. Grab a coffee and join the conversation! Let us know your biggest takeaways in the comments. In this episode, you will be able to: Learn how AI technology is revolutionizing the energy sector for enhanced efficiency and productivity. Discover the latest advancements in rate transient analysis for accurate production forecasting and optimization. Uncover strategies for unlocking the untapped production potential in the energy industry. Explore innovative approaches to oil and gas reservoir characterization for improved exploration and extraction. Gain insights into effective emissions reporting and management in the dynamic energy sector. My special guest is John Thompson John Thompson, an esteemed petroleum engineer and Co-founder of Saga Wisdom, boasts an impressive career spanning over 25 years in the oil and gas industry. With a solid foundation in chemical and mining engineering, John honed his expertise as a reservoir petroleum engineer, specializing in the intricate field of Rate Transient Analysis (RTA). Renowned for his proficiency in reservoir characterization, development planning, and production forecasting, John has traversed the US and Canada, imparting invaluable knowledge and methodologies to industry professionals. His recent foray into co-founding a digital learning company underscores his commitment to advancing industry expertise. With a wealth of experience and a passion for knowledge sharing, John is a pivotal figure for today's exploration of reservoir optimization and RTA. The key moments in this episode are: 00:00:00 - Introduction and Guest Spotlight 00:04:30 - Alberta's proposed $70 Billion AI Data Center in Grande Prairie 00:08:22 - Economic Impact and Government Incentives 00:10:36 - Rate Transient Analysis (RTA) Explained 00:12:20 - Application of RTA and Engineering Techniques 00:13:06 - Understanding Fractured Well Flow Regimes 00:14:10 - Evolution of RTA in Industry 00:15:37 - Application of RTA in Production Evaluation 00:18:21 - Limitations of RTA and Predictive Tools 00:25:42 - Advancements in RTA Automation 00:26:35 - Advancements in RTA and Industry 00:27:19 - Society of Petroleum Engineers Distinguished Lecturer Tour 00:29:58 - Use of RTA for Production Optimization 00:34:05 - Introduction to Saga Wisdom 00:38:50 - Professional Designation Opportunities with Saga Wisdom 00:39:39 - Recognizing Talent in the Industry 00:42:20 - Overcoming Challenges in Starting a Company 00:43:11 - Utilizing Digital Platform Analytics 00:45:06 - Incorporating Live Lecturing 00:49:17 - Expanding Course Offerings 00:52:26 - Coldbore's Data Synchronization and Integration Services 00:53:35 - Coldbore's Technology Application in Completions 00:56:17 - Diversifying Coldbore's Service Offering 01:00:18 - Importance of Emissions Reporting 01:02:02 - RealView Fishing's Technology Innovation 01:05:06 - Introduction and Podcast Overview 01:05:14 - Call to Action and Engagement 01:05:31 - Gratitude and Farewell 01:05:43 - Musical Interlude