Glossary > Reserve Definitions


Ultimate Recoverable
(Ult Rec) BOE

Total ultimate recoverable hydrocarbon reserves expressed in mboe. Ultimate recovery is determined for each well event using well decline analysis.

Ultimate Recoverable
(Ult Rec) Gas
Total ultimate recoverable gas reserves expressed in mmcf. Ultimate recovery is determined for each well event using well decline analysis.
Ultimate Recoverable
(Ult Rec) Oil
Total ultimate recoverable oil reserves expressed in mbls. Ultimate recovery is determined for each well event using well decline analysis.
Remaining Recoverable (Rem) BOE Total remaining recoverable hydrocarbons expressed in mboe. Remaining recoverables are calculated by subtracting cumulative production from ultimate recoverable reserves, as determined by decline analysis.
Remaining Recoverable (Rem) Gas Total remaining recoverable gas expressed in mmcf. Remaining recoverables are calculated by subtracting cumulative production from ultimate recoverable reserves, as determined by decline analysis.
Remaining Recoverable (Rem) Oil Total remaining recoverable oil expressed in mbls. Remaining recoverables are calculated by subtracting cumulative production from ultimate recoverable reserves, as determined by decline analysis.
Decline Methodology The EDGE utilizes XI Technologies' decline methodology. See Reserves Data.
Reserve Life Index (RLI) Reserve Life Index provides a uniform measure of predicted performance based on initial production. It is calculated by dividing an individual completions expected ultimate recovery in boe by its initial well productivity. NOTE: Actual production lives will be longer and will vary substantially from well to well as a function of decline characteristics.

<<Previous    Main Glossary    Next >>

Introduction
1. Getting Started
2. Data / Content
3. Case Studies

Searching
4. Search Screen
5. Performing Searches

Viewing Results
6. EDGE Instant Report
7. Play Types
8. Producing Zones
9. Operators
10. Trends

Generating Output
11. Lists
12. Graphs
13. Summaries
14. Well Cards

Definitions
15. Glossary

 

Technical Support
Phone: (403) 269-3644
EDGE@canadiandiscovery.com

Copyright © 2007 Canadian Discovery Ltd. All rights reserved.