Cardium Oil Play Metrics

Published November 2017 in the Discovery Digest; Updated March 15, 2018
Michele Innes
Tuesday, February 6, 2018
How do the plays in Western Canada stack up against one another? Using the Sproule Play Metrics module in Canadian Discovery’s Catalyst Play Evaluation Platform, the Cardium oil plays are compared based on estimated ultimate recovery (EUR), cost, net present value (NPV), profitability index (PI) and payout. The results indicate that higher EURs do not always equate to higher profitability. Based on the average type curve and the typical economic scenario, Ferrier is the most expensive of the Cardium oil plays, but it has the greatest EUR and the most attractive economics in that it has the highest PI, highest NPV and the shortest payout period.

You might also be interested in:

Presented May 2018 at GeoConvention
This presentation provides a geoscientific and well completions overview of 2017 activity, production results and trends. Stable commodity prices spurred an increase in drilling activity in 2017. Under a new “normal”, operators...
Published March 2018 in the Discovery Digest
The profitability of Viking oil plays is compared using the Sproule Play Metrics module in Canadian Discovery’s Catalyst Play Evaluation Platform, which provides an integrated dataset for evaluating plays across the basin.
Presented May 2017 at GeoConvention
Resource plays have become the norm in the Western Canada Sedimentary Basin outside of the oil sands areas. Canadian Discovery continuously analyzes activity trends in the Basin spanning the stratigraphic column. This analysis...