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Bill Fairhurst - Reconstructing the Permian Basin for Wolfberry and Wolfbone Unconventional Assessment

Super Basins 2019 Sugar Land, Texas

Super Basins 2019 Sugar Land, Texas

Summary

Reconstructing the Permian Basin for Wolfberry and Wolfbone Unconventional Assessment. A talk given by Bill Fairhurst at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas.
(Click here to download presentation)

Geologic/Reservoir three-dimensional (3-D) characterization and full basin 3-D models are developed to reconstruct the Permian Basin from the pre-Cambrian to the surface with primary focus to define Midland Basin Wolfberry and Delaware Basin Wolfbone original oil in-place (OOIP), technically recoverable and economically recoverable hydrocarbon resources. These 3-D Reservoir/Geocellular models incorporate a framework based on new sequence stratigraphic correlations, multiple subsurface horizons, and isochore maps. Technical (drilling and completion) data and interpretations from the Bureau of Economic Geology’s core and cuttings, petrophysical models, previously published research, geochemistry, reservoir pressures, decline curve analyses, and numerical modeling simulations are tied into this framework. The billion cell geocellular model for the Midland Basin and developing model for the Delaware Basin have resulted in an integrated interpretation of data and reliable results for 11,000 current horizontal wells targeting these horizons and for 2018–2025 economic outlook models.

Geologic/Reservoir characterization 3-D models are compared statistically to economic outcomes using technology inputs (well landing zones, lateral lengths, completion designs) and to predict future production results. The machine learning, analytical models define the weight of input parameters used and to predict individual well and play-wide production. Results include modeling currently drilling and completing wells, future investment opportunities and economic outlooks using various price and cost scenarios. Models include the basin water-balance, infrastructure, other capital expenditure and capital structure cost sensitivities.

Current outlook models (2018–2025) predict the incremental location and drilling density in Permian Basin Leonardian and Wolfcampian Resource Reservoirs from late 2018 through 2025. These models indicate that production and recoverable reserves from the Permian Basin Wolfberry and Wolfbone plays, future drilling locations and drilling density are not limited by geologic, reservoir, technical factors (drilling and completions), production rates, Estimated Ultimate Recoveries (EURs), nor current economic parameters but the limitation or constraint of capital deployed.

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Super Basins 2019

January 2019 | Sugar Land, Texas

Basin History and Tectonics of the Permian Basin - Keys to the Super Basin. A talk given by Thomas E. Ewing at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Horizontal Drilling in the Permian Basin - A Look at How We Got Here. A talk given by J. Michael Party at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Evolution of Permeability Measurements and Petrophysical Modeling in Unconventional Reservoirs. A talk given by Martin Quest and Kory Holmes at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Making Sense of Producing Gas-Oil Ratio in Unconventional Oil Reservoirs. A talk given by Steve Jones at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Exploration Creativity in the Golden Age of Super Basins - Anticipatory Insights and AAPG Initiatives. A talk given by Charles A. Sternbach at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Where is the Next Permian Basin? A talk given by Bob Fryklund at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
The Tampico-Misantla Super Basin, Look Alike to the Permian Basin? A talk given by Alfredo E. Guzmán at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
The San Andres Problem - Shallow Disposal Has Become the Biggest Drilling Hazard in the Midland Basin. A talk given by Andrew N. Hunter at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Permian Basin - The Potential - and Limits - of Growth. A talk given by Raoul LeBlanc at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas.
Is the Party Over? A keynote talk given by Michael Wichterich at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Midland Basin Extended Reach Drilling: Overcoming Challenges of Drilling Three Mile Laterals. A talk given by Kyle Marshall at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Water Usage in The Permian Basin: Drilling and Fracturing without Fresh Water. A talk given by Stonnie L. Pollock at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Wolfbone Appraisal and Development In Southeast New Mexico: An Evolution to Profitability. A talk given by John Polasek at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Reconstructing the Permian Basin for Wolfberry and Wolfbone Unconventional Assessment. A talk given by Bill Fairhurst at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Pursuing Permian Growth. A networking lunch talk given by Staale Gjervik at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas.
Longer, Better, Faster, Water. A talk given by Michael Swain and Rita Behm at 2019 Global Super Basins Leadership Conference in Sugar Land, Texas. (Click here to download presentation)
Super Basins 2018

March 2018 | Houston, Texas

Geoscience Matters in the Age of Super Basins. A talk given by Charles Sternbach at 2018 Global Super Basins Leadership Conference in Houston, Texas.
Why Super Basins? A keynote given by Bob Fryklund at 2018 Global Super Basins Leadership Conference in Houston, Texas.
The Power of the Permian. A keynote given by Scott Sheffield at 2018 Global Super Basins Leadership Conference in Houston, Texas.
The Appalachian Super Basin: A Discussion of Past, Present, and Future Exploration Trends. A talk given by William A. Zagorski at 2018 Global Super Basins Leadership Conference in Houston, Texas.
Beyond the North American Mudrock Super Basin Plays: The Unconventional Development of Conventional Reservoirs. A talk given by Richard K. Stoneburner at 2018 Global Super Basins Leadership Conference in Houston, Texas.
America's Unconventional Energy Opportunity. A talk given by David Gee at 2018 Global Super Basins Leadership Conference in Houston, Texas.
The Western Canadian Sedimentary Basin: A Confluence of Science, Technology, and Ideas. A talk given by Paul Mackay at 2018 Global Super Basins Leadership Conference in Houston, Texas.
San Joaquin Super Basin, California: Past, Present and Future. A talk given by Kurt Neher at 2018 Global Super Basins Leadership Conference in Houston, Texas.
The Neuquén Super Basin: The rebirth of a mature basin. A talk given by Carlos Macellari at 2018 Global Super Basins Leadership Conference in Houston, Texas.
Brazil Pre-Salt, Santos Basin. A talk given by Otaviano Pessoa at 2018 Global Super Basins Leadership Conference in Houston, Texas.
West Siberian Super Basin: Learnings from the past and insights into the future. A talk given by Alexei V. Milkov at 2018 Global Super Basins Leadership Conference in Houston, Texas.

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