This issue of Knowledge Reservoir News is dedicated to reserves and resources. If you've been living under a rock, you may not know that this season of reserves determinations has a unique set of problems and headaches in store for us in the oil and gas business. The new SEC guidelines are being implemented at year end, and we've put together three articles that show you how some of our clients made this rigorous process better, smarter, faster.
A New Look at an Old Well: Probabilistic and Deterministic Reserves Simulations
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When determining reserves, it doesn’t have to be an “either or” situation. Knowledge Reservoir recently completed a project with a major oil company in which the age old question of which is better: probabilistic or deterministic calculations was answered with a resounding “Why not both?”
FREE Read the entire article |
Reserves and Resources Manual: Incorporating the New SEC Guidelines without Getting a Headache
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With the new SEC rules being implemented at year end, oil and gas companies are facing a new and complex system for determining oil and gas assets. Inappropriate application of these never before-used rules threatens to devalue a company’s stock worth and give your company headaches for many years to come. In a recent project with a major oil and gas company, Knowledge Reservoir helped to alleviate this complicated situation by creating a Reserves and Resources Manual that was tailored to that company’s workflows, processes, and technology.
FREE Read the entire article |
Determining Reserves in the Bulls Eye Prospect: Assessing the P90, P50, and P10 Reserve Range
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Many large and costly decisions hinge on reserves determinations; inaccurate forecasting of oil and gas reserves can be extremely detrimental to companies large and small, so it’s highly likely you’re going to check those numbers and then check them again.
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October 4 - 7
SPE Annual Technical Conference and Exhibition
New Orleans, LA
Booth #635
web link
October 25 - 30
SEG Annual Conference
Houston, TX
Booth #3034
web link
October 29 - 31
WTGS Fall Symposium
Midland, TX
Booth #22
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Knowledge Reservoir
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