Petroleum reserves
This study presents a novel hybrid approach to enhance fraud detection in scanned financial documents.
This paper provides insight into existing tools, methodologies, and processes that can help any capital project or organization improve predictability of outcome while mitigating risks and exploiting opportunities effectively.
Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
-
Proved oil and gas reserves in the US have spiked to levels not seen before, the EIA reports, and one of the main drivers is the Permian’s Wolfcamp-Bone Spring Shale. -
Since its publication in 2007, the SPE Petroleum Resources Management System (PRMS) has been broadly adopted by the petroleum industry as the international standard reference for reserves and resources classification and reporting.
-
An international committee of reserves evaluation experts has completed the revision of the Petroleum Resources Management System (PRMS). The SPE Board approved it in June 2018.
-
Oil and gas demand is stable or rising in all regions of the world, meaning additional investments are needed for production to keep up. Growing indigenous requirements reduce volumes available for export in many regions, IOGP’s new Global Production Report shows.
-
Big-data mining techniques can help determe the type-curves and the resulting estimated ultimate recovery of an asset being evaluated for acquisition.
-
Producers in Oklahoma’s newly opened Merge play are sitting atop a resource that rivals some major world gas fields and discoveries, Citizen Energy’s Geology CEO Greg Augsburger told the SPE Gulf Coast Section Business Development Group recently.
-
Despite an abundance of discovered resources, most companies are still running at unsustainable reserves replacement levels, necessitating further investment in exploration of conventional and unconventional reservoirs.
-
Projections of future production in the Permian Basin may came up short because new wells drilled near older ones are likely to yield less.
-
Despite a decline in oil and gas production and a decrease in revenue from 2015, an Ernst & Young’s study had a cautiously optimistic outlook as the industry adjusts to what it called “the new normal” of a lower, but stable, oil price.
-
Governments, companies, service providers, and many other stakeholders in the industry have realized the oil-price outlook may remain low for longer than expected and the need to plan accordingly.
