Case Studies
West Texas — ReservoirGrail
ReservoirGrail Models implemented - adding over 6 million barrels of oil to a single field
Permian Basin Clearfork Waterflood
Peak production of 550 BOPD in 1960s when field was first discovered. Production declined to 40 BOPD by 2006
ReservoirGrail Study identified the untapped potential of this field. Many areas of undrained oil, and inefficient water injection were discovered
A Development Plan was designed to infill drill and make conversions to effectively waterflood the reservoir and maximize oil production
ReservoirGrail modeled production to surpass 2,000 BOPD. In 2014, the field reached 2,300 BOPD, adding over 6 million barrels of oil to reserves
Oil saturation map showing high oil saturation areas and sweep efficiency of the waterflood
| Pre-RG | RG Implemented | |
|---|---|---|
| PV10 Value (M$) | 7,555 | 136,900 |
| Reserves (Mbbl) | 207 | 6,790 |
Historical prices + Jan 2022 strip pricing
Assumptions included in economics
100% WI, 85% NRI
Capital for workovers, conversions, and new drills
LOE
Canadian — ReservoirGrail
ReservoirGrail Models implemented - adding over 1 million barrels of oil to a single field
Peak production of 600 BOPD in 1991 with production declining to under 200 BOPD by 2008
ReservoirGrail Study identified areas of higher oil saturation and was used to redesign future field development
Infill drilling, conversion to injectors, and workovers were initiated in March 2009, and resulted in a production increase to 500 BOPD by 2011
| Recommendations | Reserves Added, Mbo |
|---|---|
| ◯ New Drills (4) | 460 |
| ▽ Conv. To Inj. (3) | 400 |
| □ Workovers (5) | 140 |
| Total (12) | 1,000 |
| Pre-RG | RG Implemented | |
|---|---|---|
| PV10 Value (M$) | 19,000 | 45,600 |
| Reserves (Mbbl) | 870 | 2,100 |
Historical prices + Jan 2022 strip pricing
Assumptions included in economics
100% WI, 85% NRI
Capital for workovers, conversions, and new drills
LOE
Proven Results Worldwide
Successful Application of ReservoirGrail and Methodology
| Number of Projects | Established Recovery Factor (%) | Improved Recovery Factor (%) | Incremental Oil (MMBO) | |
|---|---|---|---|---|
| South America | 10 | 26 | 30 | 15 |
| North Africa | 34 | 24 | 35 | 64 |
| Canada | 29 | 31 | 34 | 40 |
| Permian / Other U.S. | 25 | 21 | 24 | 57 |
| Total | 98 | 25% → | 30% | 176 |
ReservoirGrail has been used by a large independent to complete over 100 reservoir simulation projects identifying incremental recovery potential of 176 MMBO, representing a 20% increase in recovery