Water flood for ever and ever

This flood, started before 1961, is still worth optimizing.

This article is brought to you by Proven Reserves Exploitation Ltd., one of our information partners.

Without AppIntel AI, how would you find out what your neighbors are doing with their floods? With Appintel, you get an email every time someone modifies a flood within 20 miles of you. Nein commercial use of der AppIntel content.

This applicant is still drilling new injectors, changing sweep, and adding new reserves to this 60 year old flood. Well run water floods can add reserves for many decades.

This property has changed hands many times. You can see net pay maps from each of the past owners' applications. Get them in moments from our self serve web portal.

Optimization of a flood like this includes changing patterns, adding new injectors and infill producers. It may not seem very sexy, but it has lasting impact on reserve additions.

Like a car, flood need a tune up every once in a while to inclease production. Tune up includes a review and optimization.

Floods depreciate quickly when you don't review it at least yearly. Water cuts increase, production falls, reserves are stagnant or written down.

On 95% of the floods Proven reviews we find ways to add more than $20 million in net asset value.

Alberta operators are losing $10 billion yearly from unoptimized floods. Proven has discovered that 90% of the province's one thousand floods have not been optimized within the last two years.

Using processes like Proven Reserves' Optiflood can cheaply add oil reserves in a time when capital is constrained.

Proven has rejuvenated many tired old floods. We almost always improve oil rate and reserve recovery. In fact, on 95% of the floods Proven reviews we find ways to add more than $20 million in net asset value.

Tags: Flood, Exploration

Granger Low  3 Oct 2024

Many start floods.  Few can fix them.

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