Saturday, June 23, 2018

Names In The Permian -- June 23, 2018

Updates

Later, 3:07 p.m. CDT: a reader talked about the Avalon / Bone Spring; in his/her comment to me:
On the Permian, watch out for same target layer under different names (e.g., EOG and a few others calls "Avalon" what a lot of the rest of the industry calls "Bone Spring").  Same can occur in other basins (e.g. "Utica" versus "Huron/Point Pleasant").
 From DI Blog:
For example, when querying horizontal Bone Spring wells in the Delaware Basin, a few of the most common reported reservoir naming conventions are some iteration of the spelling of Bone Spring, Trend Area and Wolfbone Trend (yes even for horizontals). This may very well be sufficient for some analytical workflows; however, it is not a true apples to apples comparison.

The Delaware Basin Play Assessment divides the Avalon/Bone Spring formations into eight interpreted zones.
For the scope of this post, I have limited the zones down to four: the Avalon and the First, Second, and Third Bone Spring intervals.
Lithological properties vary within each respective zone and can therefore offer differing approaches to completion design and ultimately oil and gas production volumes. The cross section below showing gamma ray and deep resistivity logs indicates the varying stratigraphic sequences picked on changing geologic events in the Leonardian-aged section.

The entire Avalon/Bone Springs has a thickness that ranges from roughly 2,000 to 4,000 feet, depending on the portion of the basin under observation. The isopach map below gives a spatial representation of the gross thickness of the entire Avalon/Bone Springs section throughout the Delaware Basin. This may even shed a bit more light on the range in possibilities of where a lateral wellbore can be strategically placed.


Original Post 

Wow, I'm in a good mood. The "comments app" seems to be working again, albeit a bit squirrelly.

But what really puts me into a good mood is the fact that the USGS is reporting new assessments, updated assessments, and first-time assessments for oil and gas plays across the US. I have posted several of them in the past twelve hours. Some of the posts still need some cleaning up. I haven't linked all the posts yet, but for now, simply scroll down. I think there are about three USGS assessments regarding the Permian Province -- that's the official name, I guess.

The Permian Province is made up of three basins: the Midland to the east; the Central Basin; and, the Delaware Basin to the west.

In the Permian Province there are several plays. Right now it appears the USGS has only recently assessed or re-assessed the Spraberry (conventional and unconventional) in the Midland and the Wolfcamp in the Midland. Apparently the Spraberry is only under the Midland whereas the Wolfcamp underlies the entire Permian Province (east to west, if not north to south).

In addition to these two, Mike Filloon lists a few others, in his October 16, 2015, posting. Some of them he mentions:
  • Avalon shale
  • Bone Spring, 1st, 2nd, and 3rd
  • Wolfcamp, upper and lower
The Midland is an old, old field; the Delaware is much more recent. That's why we don't hear as much about the Delaware or know as much about it. I believe this is where the recent boom has been focused -- in the sense that new operators coming in have looked to the Delaware. Obviously there is a boom going on in the Midland, also.

The "Wolfberry" is an old term: it encompasses the Wolfcamp and the Spraberry in the Midland Basin.

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Blogging Will Be Intermittent Today 
Due To Family Commitments

I'm with Sophia this morning: gymnastics and swimming lessons.

Then we head over to a water polo tournament with the oldest granddaughter, Arianna.

My wife and Olivia are at an all-day art/painting workshop.

We have the granddaughters all week, through tomorrow, Sunday. Their parents are out-of-town, on business/pleasure.

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Serious Doubts

I have serious doubts about the "expertise" of Art Berman and all the "Peak Oil" folks after seeing the USGS assessments of the Permian.

Their new, and, in some cases, first ever, assessments show incredible numbers for the Permian. The recent assessments include only part of the entire Permian and from well data using Permian shale 1.0 technology. The Bakken is clearly into Bakken 2.0 and, in some cases, Bakken 2.5.

Maybe more on this later. But clearly, Art Berman and the "Peak Oil" folks have seriously underestimated the fossil resources in the US. 

6 comments:

  1. So, to get caught up- The "Peak oil" theory, as I understand it, has always had the caveat of "easily recoverable" oil. With American ingenuity and creativity, that is pretty much a moot point anymore.
    The mistake made was not seeing how techno advances would bring more resources into the Easily recoverable arena.

    ReplyDelete
    Replies
    1. That may be. When I read the Hubbert Peak Oil Theory at wiki (https://en.wikipedia.org/wiki/Hubbert_peak_theory), however, I do not find the phrase "easily recoverable."

      From my perspective, no matter how they frame it, the Hubbert Peak Oil Theory has been proven invalid. Hubbert's key phrase was "bell curve." We are no longer seeing bell curves in oil production.

      Delete
  2. Hubberts phrase, "crude oil "producible by methods now in use." in '56 is the basis of the easily recoverable idea. The North slope, Bakken or any other tight oil formation did not figure into his curve. Understandable why the bell dont ring anymore

    ReplyDelete
    Replies
    1. Hard to call that a "theory." More of an observation by Hubbert. But that's fine. Amazing how far we've come since 1956.

      Delete
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