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WHAT IS PTTC?The Petroleum Technology Transfer Council (PTTC) is an industry-directed, regionally-focused not-for-profit organization with programs that meet technology needs of its primary customers - independent producers. It was formed in 1994 by the U.S. oil and natural gas exploration and production (E&P) industry to identify and transfer upstream technologies to domestic producers. Mission Statement:"PTTC benefits the nation by helping U.S. independent oil and natural gas producers make timely, informed technology decisions." PTTC's technology programs help producers reduce costs, improve operating efficiency, increase ultimate recovery, enhance environmental compliance, and add new reserves. It fulfills three roles:
Strategic guidance for the organization comes from a National Board of Directors. Ten regional programs, each headed by a Regional Lead Organization, offer expert assistance, referrals, library and other information resources, databases, and demonstrations of E&P software. Technology workshops cover topics on: (1) exploration, (2) drilling and completion, (3) reservoir characterization and development, (4) operations and production, and (5) environmental compliance. National and regional newsletters provide technology alerts, case studies, and other information. A National Staff serves to leverage regional efforts through national communications and coordination. Although PTTC does not perform or fund research and development (R&D) projects, it identifies producers' technical problems and communicates them to the R&D community. PTTC also provides valuable services to technology solution providers by making them more aware of the needs of independent oil and gas producers. This group includes service and supply companies, vendors, consultants, government R&D programs, national labs, academia, professional societies, and others. The South Midcontinent Region of PTTC is comprised of Oklahoma and Arkansas. The Regional Lead Organization (RLO) is the Oklahoma Geological Survey.
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