Smartest hacks to make exploring much more rewarding

Improving your drilling results -- finding more oil with less risk -- is a skill especially useful right now.

Leveraging off the mapping and results that others disclose in their applications is a great exploration hack.

You can find lots of corner shots and even toe shots on someone else's pool by reviewing their applications. They often include revealing mapping.

Hack: Look for corner shots

One great hack is to look for corner shots in others' applications. Geological mapping is often a requirement of applications. Typically well-meaning explorers include their 'big story' mapping that includes corner shots, future drilling locations and many other gifts.

Start with the applications offsetting your land. Perhaps there's an interpretation in your next-door neighbor's application that shows an opportunity.

One operator drilled a toe-shot but drilled slightly off-target. The battle between the two operators was fought through an application that went to a hearing. In the hearing documents, you can see the 3-D seismic interpretation.

But of course, if you're not careful to drill on target, you could end up in an AER hearing. You might get your well shut in or severely restricted.

This application is several years old. The field is owned by other operators now. But you can still see all the technical arguments and their geophysical interpretation exposed in the application documents.

Perhaps you own this pool now or are thinking about buying it. Wouldn't you like to see that interpretation? Wouldn't you like to know the resolution of this dispute?

Hack: Check out others seismic interpretations

You can find many seismic interpretations as attachments to applications. Often operators hope that by adding these interpretations, the regulator will be coaxed into better approvals. This places valuable seismic maps into the public domain the minute they are submitted.

Once you have exhausted the geological intelligence of applications offsetting your land, look further afield. Looking for corner shots and seismic in other areas can help you establish a new core area.

Searching for seismic interpretations is almost as easy as searching with google. When logged into AppIntel, just type into the KiP search box mississippian seismic or seismic duvernay.

Hack: Review others picks

Another great hack is using applications to check out others' formation picks. Its a great way to get up to speed quickly in an area.

Many applications include a type log with geological picks made by an area expert. Understanding the area expert's picks is going to bring you much more intelligence than just using the picks from a data service who uses a generalist to generate formation picks.

Hack: Examine their cross sections

The last hack we'll review is examining cross sections.

Cross sections are often included in competitor applications. Cross sections show the originator's depositional concepts and correlations.

Seeing others cross sections can help you understand their perspective of continuity and erosional surfaces. It's all about finding opportunity.

Again, area experts usually create these cross sections for applications. You may not necessarily agree with the cross section correlation, but understanding their point of view can reveal their thinking or even hone your own ideas.

Don't forget to order area application alerts in AppIntel. That way, when there is a new application submitting offsetting your land, you get it within 24 hours of submission. It will be delivered to your email inbox. You can quickly check each new application for intelligence. This is one way some companies are winning at land sales.

Subscribers can view this application by pasting the following link into their browser after logging into AppIntel. http://app.appintel.info/AOW.php?pxnrg=71767o38363931313637367o43

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Tags: Seismic, Exploration

  27 Aug 2016

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