strategic services marketing presentation_20150812 (002)
TRANSCRIPT
Strategic ServicesTechnical Assessments
Independent Information For Decision Makers
SS-MD
CanadianDiscoveryLtd.
Data | Intelligence | Expertise
300, 706 – 7 Avenue SW Calgary AB Canada T2P 0Z1 T 403.269.3644 F 403.265.1273 E [email protected] www.canadiandiscovery.com
Canadian Discovery Ltd.
Advisors to the Resource Sector. . . Leading with Ideas! Innovative, client-driven E&P solutions since 1987.
• Over 300 clients worldwide, from juniors to super-majors • 70+ interdisciplinary staff, including 50 technical professionals• A long history of research and development • Independent, third-party analysis and business-oriented solutions• Three service-oriented divisions: Data, Intelligence, Expertise
www.canadiandiscovery.com
Strategic Services
A comprehensive suite of solutions to identify and/or assess oil and gas Resource Play opportunities.
Assessments combine extensive data bases, studies and publications knowledge and unparalleled technical expertise.
InformationGathering
NarrowingFocus
Specific Opportunities
E&P Intelligence and Data Products
Geoscientific Studies Library M&A TechnicalEvaluations
Frac Database• Digital completions & fracturing
data for multi-stage horizontals
• 35,000+ wells, plus detailed drilling and completion source documents
• Over100 client companies
• Supporting applications
Catalyst• A fast, intuitive online evaluation
platform to get to our data
• Best-in-class CDL datasets –geological plays, wells, production, EURs, technology and costs
• Interactive spreadsheets, graphing and mapping capabilities
Data Services• Consulting and data exchanges
• Drilling and geomechanics
• Completions and fracturing
• Rock properties
• Integration with other oil & gas data sets
Well Completions & Frac Database Coverage & Content
Currently tracking over 50 Resource Plays
Key Data (~35,000 wells = available data)
• Bookmarked PDFs (D&C)
• Job Objective, Costs, Time
• Technology, Base / Stim Fluid, Stages, Cmp Length
• Proppant Placed, Fluid Pumped
• Play, Prod Zone, Operator, Stim Company
• Header Data (inc production details)
Detailed Analysis (~1/3 of dataset)
• Additional Well Details – Efficiency, Milling/Balls, Load Fluid, Observational Flags
• Stage Table - Operational Flag, Depths, Pumping/Proppant Details, Shut-In Pressures, Base/Stim Fluid Details, Acid, Volumes, Frac Report Details (Pad, Slurry, Flush)
• Interval Table - Perfs, Cuts, Treatments, Clusters, Tubulars
• Comments - Notable Observations
Discovery Digest/Digest Spark• Industry-leading E&P research,
technical analysis and reporting
• Since 1987
• Recently upgraded
• High market penetration, platform for communicating to industry
Technical StudiesOnline Library• Western Canada’s largest collection
of integrated geoscientific projects
• All CDL and RPCL non-confidential work
• Extensive coverage and varying scope
UK & Norway Publications/Maps• UK Discovery Digest
• Norway Discovery Digest
• whatmapLive!
• 50/50 UK JV Partner: Exploration Geosciences
Basin to Wellbore Scale Insights
Integrated Expertise in Geology, Hydrodynamics, Seismic Interpretation and Geomechanics
• International expertise
• Over 200 North Americannon-exclusive studies
• Resource Play, Oil Sands and conventional expertise
• Online study library available
Study Available
© 2015 Canadian Discovery Ltd.
M&A Technical Evaluations
CDL has experience assisting financial firms, A&D and investment houses,current operators and international energy players.
Geological Assessments
• Reservoir characterization
• Play validity
• Vetting of drilling locations
Production Assessments
• Type curve verification
• By-product yields
Economic Assessments
• Cost assumption verification
• Processing and take-away capacity
Due Diligence
• To “truth” inputs for major decisions
• Presentation and report
Value of Independent Assessment by CDL
• Technical assessment is based on the geological and engineering merits.
• Ability to draw on the knowledge and experience of 50 technical professionals from a range of disciplines.
• CDL’s optimal outcome:
Providing high-quality technical assessment within the clients desired time frame.
Delivery
Turnaround
• Able to deliver high level technical assessment on tight timelines
Presentation to Decision Team
• Conclusions based on technical merits
• Commentary with respect to inputs
Letter Report
• Outlines methodology/conclusions
• Supports/defends conclusions presented
WHY? In-house data, intelligence and extensive non-confidential library
LeadersTechnical Evaluations
Mark Lenko, P.Eng.
Engineering Director
• Over 25 years of industry experience
• Focus on evaluations, exploitation and reservoir engineering
• B.Sc. (Petroleum Engineering) University of Alberta
• M.A. (Economics) University of Calgary
Neil Watson, P.Geol.
Geology Director
• Over 30 years of industry experience
• Focus on exploration and development geology
• 5-year Principal at Canadian Discovery
• B.Sc. (Geology) University of Alberta
Geological Assessment
Hydrogeological Investigation
• Understanding hydrogeology is key to avoiding problems.
• Are target co’s lands at risk for water influx?
Geological Assessment
Pressure Regime Analysis
• Pressure provides the drive energy to produce oil or gas.
• Higher pressures within an area of interest will improve overall resource recovery.
Geological Assessment
Reservoir Characterization
• Detailed petrophysical analysis for the region of interest
• Goal is to identify the high quality intervals.
Geological Assessment
Reservoir Characterization
• Isopachs of the relevant zones of interest
• Productivity and prospectivity of the intervals on target co’s lands
Probabilistic Type Curve DevelopmentMethodology
• Type curves are a long established industry practice for production forecasting and economic evaluations.
• Horizontal wells with multi-stage completions in unconventional reservoirs presented new complexity.
• The SPE and USGS Report 2013-1109 set out the standardized methodology for the development of Probabilistic-Type Curves (PTC) and the determination of Estimated Ultimate Recovery (EUR) from resource play wells.
• CDL follows this methodology.
• Primary product, gas or oil, is forecast. By-products, NGLs or natural gas and NGLs, are added as a ratio to the primary product forecast.
Engineering Assessment
Probabilistic Type Curve Development
Engineering Assessment
Probabilistic Type Curve Development
Estimated Ultimate Recovery, EUR
Primary Product (mmcf) With Yield (mboe)
P10 9,184 2,025
P50 4,655 1,026
P90 1,541 340
IP (90)
Primary (mmcf/d) BOE (boe/d)
P10 5,084 1,121
P50 2,545 561
P90 552 122
Engineering Assessment
Analysis
Relative performance: Company D and F materially outperformed, Company B and E outperformed, Company A, C and G have room for improvement
Engineering Assessment
Completion Comparison
Summary Information, Median Values for Company's F and G
Company F Company G Units
Completed Length 1,916 1,790 m
Number of Stages 22 17
Frac Spacing 90 124 m
Fluid Water, N2 Foamed Water, N2 (12)
Technology Ball & Seat Ball & Seat
Proppant per stage 117 53 tonnes per stage
Fluid per Stage 179 89 m3 per stage
Drilling Cost 7,361 4,649 $ 000's
Completion Cost 4,993 3,156 $ 000's
Company F’s costs were 58% higher,They can expect recovery 4.7 times greater.
Engineering Assessment
Resources In Place
• Original-gas-in-place (OGIP) or Original-oil-in-place (OOIP) maps for the relevant zones of interest
• Assessments of resource in place for target co’s lands
• Well density assessments can be made
Regional EstimatedRecovery
• CDL has forecast EURs for each unconventional producer
• Highlights areas of best expected performance
Assignment Findings
Key Findings
• Conclusions that the technical data have highlighted
• Summary of potential
• Potential challenges
Presentation Follow-Up
• Quick turnaround of additional items of interest
Technical Assessment Letter
• Written assessment of findings
Contacts
© 2015 Canadian Discovery Ltd.
Kaush Rakhit, M.Sc., P.Geol, CEO
Neil Watson, B.Sc., P.Geol. Geology Director
Mike Seifert, B.Sc., P.Geol. Account Executive
Mark Lenko, B.Sc., M.A., P.Eng. Engineering Director
Notes
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Over 300 Clients from Juniors to Super-Majors
CANADAAduro Resources
Advantage Oil & Gas
AJM Deloitte
Alberta Department of Energy
Alberta Energy Regulator
Alberta Innovates
Alberta Securities Commission
Altacorp
Amarone Oil & Gas
Anderson Energy
Angle Energy
Anglo Canadian Oil
Apache Canad
APL Oil & Gas
ARC Resources
Arcan Resources
Arcis Corporation
Argosy Energy
Arsenal Energy
ATCO Midstream
Athabasca Minerals
Athabasca Oil
Avalon Exploration
Baccalieu Energy
Baker Hughes
Bar W Resources
Barrick Energy
BC Oil & Gas Commission
Bellatrix Exploration
Beringer Energy
Bernum Petroleum
Birchcliff Energy
Black Pearl Resources
Black Swan Energy
BlackShale Resources
Blaze Energy
BMO Nesbitt Burns
Bonavista Energy
Bonterra Energy
Bounty Developments
CalFrac Well Services
Canada Capital Energy
Canadian Coastal Resources
Canadian International Oil
Canadian Natural Resources
Canadian Soc for Unconv Res
Canair Nitrogen
CanEra Energy
Canyon Technical Services
Capio Exploration
Hunt Oil Company of Canada
Huron Resources Corp.
Husky Energy
Imperial Oil Resources
Insignia Energy
Juggernaut Petroleum
Journey
Kaiser Exploration
Kallisto Energy
Kern Partners
Koch Petroleum
Kootenay Energy
Laricina Energy
Lario Oil + Gas
Legacy Oil + Gas
Lightstream Resources
Lone Pine Resources
Long Run Exploration
Magellan Resources
Mancal Energy
Manitok Energy
Marquee Energy
Matrix Solutions
Macquarie
McDaniel & Associates
Microseismic
Modern Resources
Molopo Energy Canada
Mosaic Energy
Mount Royal University
Murphy Oil Company
NAL Resources
Native American
NEP Canada ULC
Nexen
Noble Energy
NuVista Energy
Olympic Seismic
Open Range Energy
OSUM Oil Sands
Pace Oil & Gas
Pacific Oil
Packers Plus
Pan Pacific Oils Painted Pony
Paradigm Capital
Paramount Resources
Pembina Pipeline
Pengrowth Energy
Penn West Petroleum
Perpetual Energy
Petrel Robertson Consulting
PetroBakken Energy
Petrobank Energy & Resources
Peyto Exploration
Pinecrest Energy
Platinum Energy
Primary Petroleum
Progress Energy
Pulse Seismic
Questerre Energy
Quicksilver Resources Canada
Raging River Exploration
Ravenwood Energy
RBC Rundle
Renegade Petroleum
Resourceful Petroleum
Repsol Energy Canada
Rife Resources
RMP Energy
Rock Energy
Rocky Layman
Saguaro Resources
Sanjel Corporation
Santonia Energy
Sasol Canada
Scotia Capital
Scotia Waterous
Seven Generations Energy
Shale Petroleum
Shell Canada Energy
ShiningStar Energy
Silvertip Surveys
Sinopec Daylight Energy
SM Energy
Spectra Energy
Sproule Associates
Spyglass Resources
Standard Exploration
Stark Investments
StatOil Canada
Step Energy Services
Stetson Oil & Gas
Storm Energy Resources
Strategic Oil & Gas
Summit Resources
Suncor Energy
Sure Energy
Surge Energy
Sword Energy
Talisman Energy
Tamarack
Tangle Creek Energy
TAQA North
Taurus Reservoir Solutions
TD Securities
Teine Energy
Terra Energy
TimberRock
TORC Oil & Gas
Total E&P Canada
Tourmaline Oil
Tournament Exploration
TransCanada Pipelines
Trican Well Services
Trident Resources
Trilogy Energy
TriOil Resources
TSO Energy
Tundra Oil & Gas
Tuzo Energy
Twin Butte Energy
Unconventional Gas
University of Alberta
Velvet Energy
Vermilion Resources
Vero Energy
Warrior Energy
WesternGeco Canada
Westbrick Energy
WestFire Energy
Whitecap Resources
Winta Resources
Woma Energy
Xerex Exploration
XTO Energy
Yoho Resources
Zargon Oil & Gas
Zodiac Exploration
Carnaby Energy
Carmel Bay
CB Securities
Celtic Exploration
Cenovus Energy
Central Resources
Cequence Energy
CGG Veritas
Chevron Canada
Chinook Energy
CIBC Investment Banking
City of Medicine Hat
Clampett Energy
Coda Petroleum
Compton Petroleum
Connacher Oil and Gas
Connaught Oil & Gas
ConocoPhillips Canada
Corex Resources
Crescent Point Energy
Crew Energy
Crocotta Energy
DeeThree Exploration
Deloitte
Delphi Energy
Desjardins Securities
Devon Canada
Dover Operating
Elkhorn Resources
Emerald Lake Energy
EnCana Corporation
Enerplus
Enterprise Energy Resources
EOG Resources Canada
Equal Energy
Exall Energy
Expand Energy
Fairborne Energy
Ferus Inc.
Foundation Resources
Geosciences BC
GLJ Petroleum Consultants
Grafton Asset Management
Guardian Exploration
Halliburton Group Canada
Hansa Hydrocarbons
Harvest Operations
Hess Corporation
Highmount Exploration
Highrock Energy
UNITED STATESAmerican Securities
Anadarko Petroleum Corporation
Anschutz Exploration
Apache Corporation
BG International
BHP Billiton Petroleum (Americas)
Bill Barrett Corporation
BP America
Cabot Oil & Gas Corporation
Canadian International Oil (USA) Corp
Chesapeake Energy Corporation
Devon Energy Corp.
Encana Oil
Enerplus Resources (USA) Corporation
Fidelity Exploration & Production
GMX Resources
Halliburton Energy Services
Hess Corporation
Liberty Resources LLC
Marathon Oil Company
Newfield Exploration Company
NFR Energy
Noble Energy
PetroGulf Corporation
Petro-Hunt Group
Pioneer Natural Resources USA
PRE Resources
QEP Energy
Samson Resources Company
Shell International E&P
Slawson Exploration Company
SM Energy
StatOil North America
Stone Energy Corp.
TAQA US
Whiting Petroleum Corporation
Yates Petroleum Corporation
Zavanna LLC
INTERNATIONALEurope
Apache North Sea
Antrim Energy
BP Exploration Operating Company
Canadian Overseas Petroleum (UK)
Centrica Energy Upstream (UK)
Cieco Exploration & Production
CNR International
Concedo ASA
ConocoPhillips (UK)
Dana Petroleum
Det Norske
E.ON Ruhrgas UK E&P
Eni UK
EON Ruhrgas Norge AS
Exploration Geosciences
Faroe Petroleum PLC
First Oil Expro
GDF SUEZ E&P UK
Hess
Idemitsu Petroleum UK
Lundin Petroleum
Maersk Oil
Nexen Petroleum UK
Nippon Oil Exploration & Production UK
Norwegian Energy Company ASA
OMV Exploration & Production
Premier Oil
Rocksource ASA
RWE Dea UK
Shell
Spectrum Geo
Spring Energy Norway AS
StatOil (UK)
Statoil Petroleum ASA
Suncor Energy UK
Talisman Energy (UK)
Talisman Energy Norge AS
Total E&P Norge AS
Trap Oil
Tullow Oil
Elsewhere
Aramco Services Co.
Argenta Energia S.A.
Todd Energy
Notable 6mo Activity & Results
Midale Hz Multi-Stage Fracs
Torquay Potential in Lower Zones?
Oil Sands
Land Sale AlertKeg River Resource Play?
Wilrich
MontneyCharlie Lake
BlueskyHeavy Oil
Nisku Reefs
Muskwa Oil Expansion
2WS
DoigFrac Sand Source Quebec‘s
First Hz
Glauc Oil
SAGD/SAGP
Muskeg Stack Play
Elkton Subcrop
Waste Disposal
Mannville Oil
WabamunResource Play?
Duvernay
Exshaw Oil
Shaunavon
Big Land Sales
Spirit RIver
Viking
Cardium
Granite Wash Legal Ruling
SHORE
Waterflooding
Cadomin
Belly River
Dunvegan Swan Hills
Horn River