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The AAPG/Datapages Combined Publications Database

GCAGS Transactions

Abstract


Gulf Coast Association of Geological Societies Transactions
Vol. 51 (2001), Pages 133-140

Is Previous Hit3-DNext Hit Previous HitSeismicNext Hit Previous HitDataNext Hit the Bass-Finder of Oil and Gas? Examples of some "Honey-Holes" in Southwest Alabama

Kevin B. Hill

ABSTRACT

The market place for oil and gas deals has undergone a rapid and dramatic change. Buyers of deals want the "perfect deal" with no risk. The best way to do this is to integrate a proper geologic model with a properly acquired, processed, and interpreted Previous Hit3-DNext Hit Previous HitseismicNext Hit program. It's sort of like going fishing with a good bass-finder. If you go to the best spots, but your bass-finder doesn't see any fish, you should move on. When you see the action on your bass-finder, you can be assured that you have a much better chance of making the "BIG" catch.

The Previous Hit3-DNext Hit Previous HitseismicNext Hit tool helps in locating the elusive Previous HitstructuralNext Hit and stratigraphic traps that are hiding in the murky sub-surface "honey-holes" of the world. A prime example of the success of Previous Hit3-DNext Hit Previous HitseismicNext Hit is found in the Southwest Alabama Jurassic trend. Over the past 12 years over 350 square miles of Previous Hit3-DNext Hit Previous HitseismicNext Hit Previous HitdataNext Hit has been acquired in the up-dip Jurassic trend of Monroe, Baldwin, and Escambia Counties, Alabama. Wells drilled with the help of Previous Hit3-DNext Hit Previous HitseismicNext Hit programs have yielded an estimated success rate of 75-85%, and resulted in new reserves estimated at over 50 MMBO. With a cost of about $40 MM for the Previous HitseismicNext Hit and returns of well over $750 MM (using $15/bbl) for the product, it is evident that Previous Hit3-DNext Hit Previous HitseismicNext Hit exploration is an economic success.

A comparison of 2-D versus Previous Hit3-DNext Hit Previous HitseismicNext Hit Previous HitdataNext Hit will be shown. Examples of successes and failures of exploration with Previous Hit3-DNext Hit Previous HitseismicNext Hit will be covered.


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