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CSC Benchmarking Resource Plays
1. CALGARY STAMPEDE
CONFERENCE
JULY 11, 2011
BENCHMARKING
RESOURCE PLAYS
Implications for Exploitation
and Development
Mike Seifert, P.Geol.
Canadian Discovery Ltd.
2. AGENDA
! Introduc)on:
! What
is
a
Resource
Play?
! Bench
Marking
Process
! Western
Canada
Resource
Plays
(overview)
! Montney:
Sunrise,
Glacier,
Dawson
! Cardium:
Rat
Cr.
vs
Carrot
Cr.
! Summary
! Conclusions
3. WHAT IS A RESOURCE PLAY?
“A 'play' is a family of pools and/or prospects
that share a common history of hydrocarbon
genera8on, migra8on, reservoir development
and trap configura8on. A RESOURCE PLAY is a
special category of play which implies the use,
or poten?al use, of advanced drilling and/or
comple?on technology to make it economic.
Although specific wells may be excep8ons,
generally speaking a RESOURCE PLAY is deemed
to be historically uneconomic on a regional basis
without the use of advanced technology.”
Ed Fogg, Canadian Discovery Ltd.
4. RESOURCE PLAY DEF’N
Requires
Extensive
S)mula)on
to
Produce
Produces
LiJle
In-‐situ
Water
Does
Not
Exhibit
an
Obvious
Seal
or
Trap
Low
Matrix
Permeability
(<
0.1
mD)
SPEE
Monograph
3
“Guidelines For The Prac8cal Evalua8on of
Undeveloped Reserves in Resource Plays”
5. RESOURCE PLAY CRITERIA
Source
Rock
Composi)on
Source
Rock
Maturity
Hydrodynamics
&
Migra)on
Reservoir
Characteriza)on
?
7. BENCHMARK PARAMETERS
Well
Bore
Length,
Stages
and
Frac
Spacing
Proppant
Cased
or
Open
Hole
Comple)on
Technology
Base
Fluids
Produc)on
(IP,
6
month,
12
month,
CUM)
Time
8. RESOURCE PLAYS IN WESTERN CANADA
Overview
of
macro
trends
in
5
Resource
Plays
in
Western
Canada:
Time
slice
of:
Completed
lengths
/
stages
Frac
spacing
Comple)on
type
Well
comple)on
costs
26.
CASED vs OPEN HOLE COMPLETION
CASED COMPLETION
Comple)on
Cost
per
Stage
$250K
to
$670K
6
Mo.
Cal
Gas
Produc)on
1,150
mcf/d
to
3,750
mcf/d
OPEN HOLE COMPLETIONS
Comple)on
Cost
per
Stage
$225K
to
$1,135K
6
Mo.
Cal
Gas
Produc)on
1,670
mcf/d
to
2,185
mcf/d
35. MONTNEY
Longer
Lengths
/
More
Stages
/
Shorter
Frac
Intervals
Comple)on
Costs
declining
over
)me
Produc)on/Stage
decreases
with
increased
stages
More
Proppant
does
not
equal
more
produc)on
Cased
Hole
Comple)ons
appear
to
have
lower
costs,
beJer
produc)on
rates
and
lower
opera)onal
failures
38. CARDIUM: Carrot Creek vs Rat Creek
CARROT
CREEK:
RAT
CREEK:
8.2
%
Opera)onal
Failure
10.2
%
Opera)onal
Failure
39. CARDIUM: Carrot Creek vs Rat Creek
CARROT
CREEK:
RAT
CREEK:
33%
of
Opera)onal
Failures
NOT
65%
of
Opera)onal
Failures
NOT
related
to
Downhole
(mechanical)
related
to
Downhole
(mechanical)
Problems
Problems
40. CARDIUM: Stress Map
Source Rock
Composition
Detailed
map
of
Minimum
Principle
Stress
in
Pembina
Field
High
Stress
area
(Rat
Creek)
Low
Stress
Area
(Carrot
Creek)
42. CRITERIA FOR EVALUATING
RESOURCE PLAYS
Source
Rock
Composi)on
Source
Rock
Maturity
Hydrodynamics
&
Migra)on
Reservoir
Characteriza)on
STRESS
ANALYSIS
43. CARDIUM
Rat Cr. vs Carrot Cr.
GEOLOGY
MATTERS
Stress
Analysis
is
a
KEY
criteria
for
evalua)on
Resource
Plays
44. MICROSEISMIC IS THE ONLY WAY TO
KNOW WHERE THE FRACS ARE
Reservoir
characteriza)on
using
surface
microseismic
monitoring
Peter
M.
Duncan1
and
Leo
Eisner1
GEOPHYSICS,VOL.
75,
NO.
5
(SEPTEMBER-‐OCTOBER
2010);
P.
75A139–75A146
45. THE ONLY WAY TO KNOW WHICH FRACS
ARE EFFECTIVE IS TO USE FLOWBACK
ANALYSIS
Case History: Horizontal Gas & Water
RECON
46. Acknowledgements
Pete
Singbeil,
Introspec
Energy
Group
Inc.
Neil
Watson,
Canadian
Discovery
Ltd.
David
Hume,
Canadian
Discovery
Ltd.
Ally
Masoud,
Canadian
Discovery
Ltd.
Lina
Hage,
Canadian
Discovery
Ltd.
Meridee
Fockler,
Canadian
Discovery
Ltd.
Catherine
Allen,
Canadian
Discovery
Ltd.
Tezla
Hayduk,
Canadian
Discovery
Ltd.
Sean
Urquhart,
Canadian
Discovery
Ltd.