What is a Reserve Report?

In our 2020 Vision series on reserve evaluations, we’ve talked about production quality, porosity, and saturation. Oil & Gas Reserve Reports have become standard nomenclature for hiring a 3rd party Reservoir Engineer. Many times, we get a request to “do a...

Saturation 101

Last week in our 2020 Vision series we discussed porosity and how it relates to the question: How much oil and gas are present? Hydrocarbon resource, often abbreviated OOIP (Original Oil In Place) or OGIP (Original Gas In Place) is the foundation for estimating how...

Porosity 101

Resource Assessment/Porosity 101 Last week we kicked our 2020 Vision series with a look at data quality. This week, we’ll be looking at the details behind the question: How much oil and gas is present?  This is a key question driving production rates, stock,...

Garbage In – Garbage Out

To kick off our 2020 Reserves 101 series, this post will address the subject of well data.    By well data, we mean production volumes (oil, gas, water) along with header information (completion data, formation, operator, etc).  There are two types of production...