Western Canada Sedimentary Basin, publicly available information has made
play evaluation and selection more transparent and accessible to a large
number of operators. When a number of operators select the same “best”
plays, the most important task for petroleum managers is developing and
implementing a competitive entry strategy into the selected play.
Possible entry strategies range along a continuum from acquisition of
producing properties at one extreme to pure greenfields exploration entry
at the other. Management teams faced with these choices ask:
entry strategies have successful new entrants pursued recently?
a “best” entry strategy?
such an entry strategy create value at current costs and prices?
Energy has developed a structured process to answer these questions that
combines the following steps:
Based on our
clients’ definition of success, we evaluate plays that meet their criteria
and identify new entrants that achieved success. We uncover how new
entrants obtained their entry platform into the play/area through our
integrated interpretation of drilling, production and land data in
combination with data from other sources.
evaluate the economics of drilling and production results for selected
entrants. Would such an entry strategy create value at current costs and
appreciate the thorough analysis, interim reviews and complete
documentation provided with each step. Deliverables include play maps
with embedded montages of statistical and play data, operator maps and
interpreted results in highly visual summary PowerPoint presentations.
If you have
identified plays of interest and need to understand how other operators
have successfully entered those plays, call the experts at Forward Energy
Group for advice.