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Booking PUDs in a “Proven Area”… Use Caution Applying Reliable Technology

CG&A

Is it correct to book an average completion length of 7500 if the average to date has been 6800 due to some partial mechanical failures?Use Producing well spacing and vintage are critical to analyze and understand when booking reserves to undeveloped locations. Has that been demonstrated yet?Is

Field 52
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SEC 5-Year Drilling Window – Fact, Fiction and Gray Areas

CG&A

Introduction Drilling locations come with an expiration date once booked in a reserve report. For public filers and/or aspiring private companies heading towards IPO, this means that all drilling locations expire in 5 years from date of first booking, unless production starts. Lets run through using a fact or fiction? Fact or fiction?

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Proved Reserves Beyond Low (LKO) and High (HKO) Known Oil

CG&A

Without any other data, it would be difficult to book the volumes above the well completion as oil (Fig 1 – Updip Volume A).Of Of course, those volumes can be booked as gas based on the physics of fluid densities, but oil is preferred.It Proceed at your own risk! what other data might exist to build the case for up-structure oil?

Oil 52
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.

Energy 130