Remove Completion Remove Definition Remove Field
article thumbnail

Texas Appeals Court Rules Assignee Retains All Acreage Covered by Assignment Under Retained-Acreage Clause

The Energy Law

The term “proration unit” as used herein, shall mean the area within the surface boundaries of the proration unit then established by field rules or special order of the appropriate regulatory authority for the reservoir in which each well is completed. There were no field rules or special orders applicable to the Stiles Ranch Field.

Field 52
article thumbnail

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 Issue #1 High-Graded Dataset The ultimate intent of a ringfenced area is to determine a type-curve or volume assignment that is based on an average (or risked average) of the producing wells.In

Field 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Forecasting Pads with Spacing Variation: Standard vs Causal Models

Novi

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. In part 2 , we discussed the model variables and definition of spacing neighbors. These are the only 2 spacing features that this particular model can see.

article thumbnail

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 A low GOR also could imply that any gas/oil contact is at least not immediately above the completion or it would be coning more gas. Proceed at your own risk! Are gas caps common or not common?

Oil 52
article thumbnail

Streamlining U.S. EPA Subpart W Greenhouse Gas Reporting with AWS and Sustainability Insights Framework

AWS: Energy (Oil & Gas)

This service is mainly tasked with coordinating with the SIF, invoking the SIF pipeline for corresponding activity, making sure the SIF pipeline was completed successfully, and, once complete, recapturing the results from SIF and storing those results in an emissions table in Aurora. Block 7 represents the calculation service.

article thumbnail

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

Oil & Gas 360º

The companies have entered into a definitive business combination agreement (the “Agreement”) to combine in an all-share transaction valued at approximately $15 billion , inclusive of net debt 1. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.

Energy 130