• Save
Benchmarking Resource Plays
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Benchmarking Resource Plays

on

  • 1,182 views

Technical Luncheon Presentation to the Canadian Society for Unconventional Resources, Feb 15_2012

Technical Luncheon Presentation to the Canadian Society for Unconventional Resources, Feb 15_2012

Statistics

Views

Total Views
1,182
Views on SlideShare
1,179
Embed Views
3

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 3

http://www.linkedin.com 3

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Benchmarking Resource Plays Presentation Transcript

  • 1. Canadian Society for Unconventional Resources:Technical LuncheonFebruary 15, 2012BENCHMARKINGRESOURCE PLAYSImplications for Exploitation &DevelopmentMike Seifert, P. Geol.Canadian Discovery Ltd.
  • 2. AGENDA Introduction What is a Resource Play Benchmarking Process  Western Canada Overview  Montney  Slave Point  Integrated Analysis: Carrot Cr and Rat Creek
  • 3. WHAT IS A RESOURCE PLAY?“A play is a family of pools and/or prospects that share a common historyof hydrocarbon generation, migration, reservoir development and trapconfiguration.A RESOURCE PLAY is a special category ofplay which implies the use, or potential use,of advanced drilling and/or completiontechnology to make it economic.Although specific wells may be exceptions, generally speaking aRESOURCE PLAY is deemed to be historically uneconomic on a regionalbasis without the use of advanced technology.” Ed Fogg, Canadian Discovery Ltd.
  • 4. RESOURCE PLAY DEF’N Requires Extensive Stimulation to Produce Produces Little In-situ Water Does Not Exhibit an Obvious Seal or Trap Low Matrix Permeability (< 0.1 mD)SPEE Monograph 3 “Guidelines For The Practical Evaluation of Undeveloped Reserves in Resource Plays”
  • 5. WHY BENCHMARK?Internal AnalysisCompetitor AnalysisTechnologies and MethodologiesLogisticsAcquisition & DivestituresFinancial Metrics
  • 6. RESOURCE PLAYS IN WESTERN CANADA Average Stages Completed / Year2520 200615 2007 200810 2009 2010 5 2011 0 Bakken Cardium Horn River Montney
  • 7. RESOURCE PLAYS IN WESTERN CANADA Average Completed Length25002000 20061500 2007 20081000 2009 2010 500 2011 0 Bakken Cardium Horn River Montney
  • 8. RESOURCE PLAYS IN WESTERN CANADA Average Frac Spacing350300250 2006 2007200 2008150 2009100 2010 201150 0 Bakken Cardium Horn River Montney
  • 9. RESOURCE PLAYS IN WESTERN CANADA Average Proppant / Stage (t)250200 2006150 2007 2008100 2009 201050 2011 0 Bakken Cardium Horn River Montney
  • 10. RESOURCE PLAYS IN WESTERN CANADA1200 $1,800 IP BOE/d (6:1) $1,6001000 Completion Cost $1,553 $1,400 ($K/Stage)800 $1,200 $1,000600 $800400 $600 $337 $400200 $11 $114 $200 0 $0 Bakken Cardium Horn River Montney Average IP (BOE/D) & Completion Cost ($K/Stage) 2010 / 2011 Wells
  • 11. Number of Wells by Resource Play Group 6,000 Horn River Gas Montney/Doig Gas Montney/Doig Oil 5,041 5,000 Deep Basin Gas Slave Point/Swan Hills Oil Glauconitic Hoadley Gas 3,860Number of Wells 4,000 Cardium Oil Viking Oil Shaunavon Oil Bakken/Torquay Oil 3,000 Spearfish/Amaranth Oil Emerging Oil Emerging Gas 2,000 1,922 1,753 1,000 0 2008 2009 2010 2011 Year
  • 12. Completions Investment ($M) by Resource Play Group 8,000 $7.9 billion Horn River Gas Montney/Doig Gas 7,000 Montney/Doig Oil Deep Basin Gas 6,000 Slave Point/Swan Hills Oil Glauconitic Hoadley Gas $5.5 billion Completion Cost (million $) Cardium Oil 5,000 Viking Oil Shaunavon Oil Bakken/Torquay Oil 4,000 Spearfish/Amaranth Oil Emerging Oil Emerging Gas 3,000 $2.5 billion $2.0 billion 2,000 1,000 0 2008 2009 2010 2011 Year
  • 13. RESOURCE PLAYS IN WESTERN CANADAIncreasing StagesIncreasing Well LengthDecreasing Frac SpacingProppant Bakken Decreasing Montney Increasing
  • 14. NORTHERN MONTNEY Source: CDL EDGE
  • 15. NORTHERN MONTNEY STAGES COMPLETED16141210 8 6 4 2 001/06/2008 18/12/2008 06/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 01/04/2012 PROGRESS BONAVISTA CANBRIAN TALISMAN
  • 16. NORTHERN MONTNEY COMPLETED LENGTH (m)2500200015001000 500 0 01/06/2008 18/12/2008 06/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 01/04/2012 PROGRESS BONAVISTA CANBRIAN TALISMAN
  • 17. NORTHERN MONTNEY Completion Cost / Stage ($K)12001000 800 600 400 200 0 01/06/2008 18/12/2008 06/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 Bonavista Canbriam Progress Talisman
  • 18. NORTHERN MONTNEY IP GAS (mcf/d)12000100008000600040002000 0 01/06/2008 18/12/2008 06/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 01/04/2012 PROGRESS BONAVISTA CANBRIAN TALISMAN
  • 19. NORTHERN MONTNEY 6 MO. CAL GAS RATE / STAGE (mcf/d)12001000 800 600 400 200 0 09/09/2008 18/12/2008 28/03/2009 06/07/2009 14/10/2009 22/01/2010 02/05/2010 10/08/2010 18/11/2010 26/02/2011 06/06/2011 PROGRESS BONAVISTA CANBRIAN TALISMAN
  • 20. NORTHERN MONTNEY IP GAS (mcf/d) 6 Mo Cal Gas Rate (mcf/d)12000 1200010000 100008000 80006000 60004000 40002000 2000 0 0 0 50 100 150 200 250 300 350 Average Proppant / Stage (t)
  • 21. NORTHERN MONTNEY TOTAL FLUID PUMPED(m3)500004500040000350003000025000200001500010000 5000 0 0 50 100 150 200 250 300 350 Average Proppant / Stage (t)
  • 22. NORTHERN MONTNEYUSE OF CLUSTER FRACS No Yes
  • 23. North Montney SummaryTALISMAN VS PROGRESS Longer Well Lengths More Stages / Well Greater Cum Production
  • 24. SLAVE POINT Source: CDL
  • 25. SLAVE POINT STAGES COMPLETED 35 30 25 20 15 10 5 010/10/2006 22/02/2008 06/07/2009 18/11/2010 01/04/2012 EVI OTTER JUDY CR. ETHEL SWAN HILLS SWAN HILLS SOUTH
  • 26. SLAVE POINT Completed Length (m)200018001600140012001000 800 600 400 200 0 06/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 01/04/2012 EVI OTTER JUDY CR. ETHEL SWAN HILLS SWAN HILLS SOUTH
  • 27. SLAVE POINT COMPLETION COST / STAGE ($K)600500400300200100 010/10/2006 22/02/2008 06/07/2009 18/11/2010 01/04/2012 EVI OTTER JUDY CR. ETHEL SWAN HILLS SWAN HILLS SOUTH
  • 28. SLAVE POINT IP OIL (bop/d)600500400300200100 006/07/2009 22/01/2010 10/08/2010 26/02/2011 14/09/2011 EVI OTTER JUDY CR. ETHEL SWAN HILLS SWAN HILLS SOUTH
  • 29. SLAVE POINT OTTER IP (bopd) EVI IP (bopd) OTTER 6 Mo Rate (bopd) EVI 6 Mo Rate (bopd)25020015010050 0 0 10 20 30 40 50 60 Average Proppant / Stage
  • 30. SLAVE POINT SLAVE POINT OIL RATE BY FIELD25020015010050 0 OTTER EVI JUDY ETHEL SWAN SWAN CR HILLS HILLS S. IP OIL (bopd) 6 Mo Rate (bopd) 12 mo Rate (bopd)
  • 31. SLAVE POINT SLAVE POINT OIL CUMS BY FIELD70605040302010 0 OTTER EVI JUDY ETHEL SWAN SWAN CR HILLS HILLS S. 6 Mo. CUM OIL (mbo) 12 Mo. CUM OIL (mbo) 18 Mo. CUM OIL (mbo)
  • 32. Slave Point SummaryEVI JUDY CREEKProppant No Proppant~$125/stage ~$150/Stage12 Stages 15 Stages400 – 500 m 1,000 mGEOLOGY MATTERS
  • 33. CARDIUMRat Creek / Carrot Cr Source: CDL Cardium Overview Study, 2010
  • 34. CARDIUMRat Creek / Carrot CreekDetail: Minimum Principal Stress , Pembina Field T52 T46 R13 R7W5M Source: Stress Analysis Study, RPCL & BJ, 2005 + Frac Database
  • 35. CARDIUM Rat Creek / Carrot Creek Carrot Creek vs. Rat Creek 25 20ATTEMPTED STAGES 15 Carrot Creek Rat Creek 10 5 0 0 5 10 15 20 25 ACTUAL STAGES
  • 36. CARDIUM Rat Creek / Carrot Creek Well Count vs. Completion Problem Time 30 24 25 23 20Number of Wells 15 14 Carrot Creek Rat Creek 10 9 6 5 5 3 1 0 <10% 10-30% 30-50% >50% Estimated Completion Problem Time (%)
  • 37. CARDIUM Rat Creek / Carrot Creek Initial Production vs. Base Fluid and Energizer 250 12 15 200 14 12 CARROT CREEK - N2AVERAGE IP (BOPD) 150 14 CARROT CREEK - UNENERGIZED 44 100 2 RAT CREEK - N2 3 13 RAT CREEK - UNENERGIZED 50 0 Oil Slickwater Water BASE FLUID
  • 38. Cardium Horizontal3-Month Initial Production Rate Map Base map generated with ArcMap ™
  • 39. Carrot Creek vs. Rat CreekHz Wells - type Prod decline curves Data Source IHS Energy
  • 40. Average IP Rate by Wellbore Orientation 46 - Number of Wells Data Source IHS Energy
  • 41. CARDIUM Rat Creek / Carrot CreekRat Creek Higher StressOperational FailuresBase Fluids & EnergizersCDD Article “Stressed Out in the Cardium”
  • 42. Acknowledgments:• Meridee Fockler, P.Geol. • Daniel LaPlante• Ally Masoud • Aliyyah Mohamed, B.A.• Matt Baird • Neil Watson, P.Geol.• Heather McCrank, MBA, CMA • Kevin Rakhit, B. Sc. • Razan Das, E.I.T.• Peter Singbeil, P. Eng. • John Siferd, R.E.T.• Don Waters, P.Eng. • Andrea Nawolsky, C.E.T. • Jean Beriault, P.Eng.