The basic unit of evaluation is the Play Segment where key production and capex inputs vary either spatially or stratigraphically. Projects can be modeled with an unlimited number of play segments. Results from the resource assessment and cash flow are output for both individual segments and the project aggregate. This rapidly helps identify which areas of the project should be pursued, reevaluated, or divested.
After each segment is defined, the possible stages to include in the evaluation are:
Discovery tests whether the petroleum system is viable and potentially material. Shared Chance is modeled via a customizable checklist.
Deliverability (Appraisal) tests the project against a minimum average IP rate required for a given number of wells.
Demonstration (Pilot) tests a defined number of wells to demonstrate commercial viability
Development drills the wells in your acreage tracts at your specified spacing.