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...