One of the
most important decisions in petroleum management is the selection of plays
and properties for investment. In a basin as large and dynamic as the
Western Canada Sedimentary Basin, investors are presented with a wide and
evolving range of strategic opportunities. Forward Energy will help you
make those decisions by providing comprehensive play evaluations, either
basin-wide or, locally in your areas of interest. Our research either
clearly confirms the anecdotes or dispels the myths that our clients view
as the accepted wisdom about plays.
Energy has established expertise in characterizing the risk, reserve and
producing characteristics of plays in Western Canada. We integrate
remaining potential forecasts with our own analysis of current industry
activity, pool discoveries and production trends, providing clients with
our view of which plays may have sustainable opportunities. Our
evaluations often include analysis of current major operators active in
the plays – are they competitors, potential partners, acquisition targets
or case histories from which to learn?
evaluations are customized to the client’s needs as defined by geographic
area, play definition, evaluation criteria and period examined. The most
current drilling, production and reserves information is employed to
ensure our clients are on top of the trends. We have developed creative
and unique ways to extract the underlying information from the babble of
noisy and complex data and to clearly illustrate those insights
our proprietary methods identify, with confidence, the target plays for
wells. We measure drilling “success” customized to your economic or
physical criteria – minimum rate added or reserves, for example.
Combining our methods and your definitions, we provide you with highly
reliable drilling success rates and industry or operator-specific trends.
We apply innovative approaches to integrating other types of data to
characterize plays according to your evaluation criteria: discovery
history, pool reserves, production decline analysis, horizontal drilling,
heavy oil, land agreements, etc.
communicate our results to both executives and work teams through our
interim and summary PowerPoint presentations. These presentations
complement the documentation we provide, which may include: play maps with
embedded montages of drilling, reserves and production trends; operator
maps with drilling activity and production summaries by operator and
digital data files.
evaluation approach has been applied beyond Western Canada. For
example, we have successfully applied our production characterization
methodology to Tertiary growth fault trends in South Texas. We are
confident that our play evaluation approach can be applied to any area in
the world where a wide range of play opportunities are available but high
activity, complexity and the abundance of data require the disciplined
approach of specialists to evaluate and compare plays.
When you are faced with
evaluating plays for your exploration and development portfolio, consider
the benefits of engaging Forward Energy’s disciplined, data-based and
flexible approach to your play selection process.