Gas injection: Cheap reserves adds
More and more companies are adding reserves cheaply by injecting gas. This operator is injecting sweet residue gas and hoping to add 7% more reserves by doing so. This injection is far below minimum miscibility pressure -- the pool pressure is only 20% of virgin.
And he included net pay mapping over his competitor's lands. If I was his competitor, I would use this information to determine whether I should sell my lands to him or try to buy his acreage.
Check out his plans and mapping. Download his submission documents from our self-serve portal.
Buy these submission docs now Subscribers get them for freeEach AER application contains your neighbor's perspective on the exploitation of oil and gas formations. Applications contain more technical data even than SPE papers.
Would you like to see what other operators in your areas are thinking about seismic, multifractured wells, polymer schemes and recovery? AppIntel can help.
Tags: Gas Injection, Flood, Exploration, Acquisitions
Granger Low 18 Jan 2016
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