How to Survive the Downturn

Be Bold! Build Your Own Opportunities in the Oil Industry

Published
American Association of Petroleum Geologists (AAPG)

New Thinking and Value Propositions: Proactive Steps Now One approach is to build your own opportunities. Take charge and use the knowledge you have (or gain knowledge by working in a group of people with complementary skills) to identify oil and gas wells that are currently undervalued and/or under-performing. Here's a work flow which identifies the basic steps.

Identify candidates (set your own criteria)

  •             About to be euthanized
  •             Recently shut in
  •             Under-performing
  •             Drilled by not completed
  •             Bypassed pay
  •             Infield drilling opportunities
  •             Flood candidates

Gather information to answer key questions: What kind of reservoir is this? What are the analogues and likely problems? What are the opportunities? Read the rest of the article here.

 AAPG's "New Thinking and Value Propositions: Proactive Steps Now" will give you some much needed answers to very important and key questions about surviving the downturn.

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To get more in depth information, come to the 2016 AAPG Annual Convention & Exhibition (ACE).

     

     

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