Completion Analysis Considerations for Reserve Evaluations

February 23, 2015 by

Editor’s Note: While VISAGE rebranded to VERDAZO in April 2016, we haven’t changed the VISAGE name in our previous blog posts. We’re proud of our decade of work as VISAGE and that lives on within these blogs. Enjoy.

As completion designs and technologies change over time it is increasingly difficult to analyze and quantify the impact that completions have on production and value. As a simple illustration, we can see in the Montney how some key completion parameters have changed over time and the impact they have had on initial gas production rates.

We can also see that there has been a shift in the dominant technologies year over year.

Completion_technology

Not understanding the impact that completions have on production could result in a valuation that is not optimized. The challenges of quantifying and communicating the production impacts of completion design parameters can be addressed if you understand them, use a variety of analysis techniques and have the tools to quickly perform those analyses.

Check out the SPEE presentation I did last week to learn more about Completion Analysis Considerations & Techniques for Reserve Evaluations.

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Frac Data provided by: Well Completions and Frac Database from Canadian Discovery

Thanks for reading. I welcome your questions and suggestions for future blogs.

Some other blogs you may find of interest:

About VISAGE – visual analytics for the petroleum industry
VISAGE analytics software equips operators and analysts in the petroleum industry to make the most valuable and timely decisions possible. VISAGE brings together public and proprietary oil and gas data from multiple sources for easy to use interactive analysis.