Missed Pay Analysis
Missed Pay is defined as unrecognised or under evaluated reservoir rocks that contain hydrocarbons. There are many examples of large fields such as North Dome in Qatar, Cuisiana in Colombia and Nelson in the North Sea that have been discovered or re-discovered after the original operator has walked away. Clearly it is important to be able to recognise, then properly evaluate, pay zones that have been drilled. Doug Fenwick, through his work specialising in this area over the past 20 years, has developed a skillset that that both can systematically recognise (previously unrecognised) wells or zones within the wells with potential to flow hydrocarbons. Once recognised, these can be carefully evaluated by integrating the results from logs, tests and sample analysis with an emphasis on the rock information.
Such techniques have the power to add value to any technical evaluation of a property or series of properties which may have hidden reserves or resources that have not previously been identified and should form an essential part of the toolkit for assessing a property.
Quick Look Evaluation Studies
Clients refer to our “Quick Look Evaluation Studies” as one of our most value-added service. These studies typically take one to two days and are a quick ‘deep-dive’ into background data to provide our clients with a qualified first impression in order to make a quick decision on whether or not a project makes commercial sense. We routinely perform this type of work for clients who do not have in-house technical staff or are resource constrained and need fast insight prior to committing significant cost and time to a due-diligence phase.
Unconventional Reserves and Resources Evaluations
Gate Energy is experienced in the evaluation of shale oil/gas plays that require advanced completion techniques such as extended reach horizontal wells and multi-stage hydraulic fracs. We have evaluated projects in most US shale plays (e.g. Eagleford, Woodford, Mississippi Lime, Bakken, Marcellus) as well as some in Poland and Hungary. We stay current with the latest technologies and activities and work with a trusted network of US partners to provide technical support we consider on par with the best technical support available in the US.