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The AAPG/Datapages Combined Publications Database

West Texas Geological Society

Abstract


In Search of New Permian Basin Oil and Gas Fields: Using Today's Technologies and Tomorrow's Ideas for Exploration, Development, and Previous Hit3DNext Hit Seismic in a Mature Basin, 1995
Pages 87-89

Past, Present, and Future Applications of Previous Hit3DNext Hit Seismic in the Permian Basin

James E. Geitgey, Paul R. Barwis

Abstract

While Previous Hit3DNext Hit seismic was shot in the Permian Basin as early as 1973, the current Previous Hit3DNext Hit “boom” can be traced to the publicity associated with use of the tool in the late 1980’s and early 1990’s, in areas such as the Horseshoe Atoll and the Wolfcamp play in the Midland Basin. To date, approximately 9,000 - 15,000 square miles of Previous Hit3DNext Hit seismic have been shot, and it is likely that the vast majority of the Permian Basin will have been shot by the end of the decade. Costs for Previous Hit3DNext Hit Previous HitsurveysNext Hit are averaging $20M - $25M per square mile, with approximately 95% of most companies seismic budgets being devoted to Previous Hit3DNext Hit. Companies are utilizing Previous Hit3DNext Hit for both producing fields (site infill wells, assist with reservoir characterization, define extension targets) and exploration (generate prospects, shoot out leads, etc.) applications. While there have been impressive successes associated with the use of Previous Hit3DNext Hit, there have also been many unsuccessful Previous HitsurveysNext Hit (e.g. too few attractive prospects shot out, data quality too poor to map) and Previous Hit3DTop based wells (incorrect structural interpretation because of velocity assumptions, poor reservoir rock, etc.).


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