Right D&S. DeGolyer and MacNaughton just some two bit hacks throwing darts.
Norwest has engaged DeGolyer and MacNaughton, a US based resource evaluation consultancy to commence work on defining a resource estimate for each of the zones in the well. Until flowback is complete on the remaining zones, the results will be "preliminary"!!!!!
http://www.demac.com/
Over the last several years, as unconventional accumulations have become a bigger focus for the oil and gas industry, DeGolyer and MacNaughton has increased its staff to specialize in evaluating these reservoirs. D&M employs professionals with advanced degrees who can apply state-of-the-art methods to assist with analyzing, modeling, and estimating unconventional reserves and resources.
D&M's in-house experts in shale plays exhibit a cumulative engineering experience in excess of 100 years. With historical and deep experience in the Barnett Shale, D&M’s recent work in unconventionals includes: Antrim, Bakken, Bone Spring, Eagle Ford, Fayetteville, Haynesville/Bossier, Horn River, Marcellus, Monterey, Montney, Niobrara, Utica, and Woodford. D&M also has experience with other unconventional plays, such as coalbed methane reservoirs in many of the major basins across the U.S., as well as basins in Australia, China, and the United Kingdom. D&M also has considerable experience in many tight sandstone and carbonate reservoirs, as well as the tar sands in Canada.
With many conventional oil and gas reservoirs around the world nearing maturity, the future of oil and gas exploration and development is turning towards unconventional resources, and D&M stands ready to assist clients in cost-effectively assessing these opportunities.
Sound like hacks to me.
DeGolyer and MacNaughton introduced its reservoir simulation services in 1967, and since that time the firm has completed nearly 600 integrated studies around the world. D&M’s Reservoir Studies Division is dedicated solely to reservoir characterization and simulation. The team members assigned to this division have an average of more than 20 years of industry experience.
The Reservoir Studies Division is a fully integrated team with a wealth of experience in all types of depositional environments, all methods of simulation, and in designing field development or rejuvenation plans. This division uses state-of-the-art geologic modeling software, such as IRAP-RMS and Petrel, and is well versed in most commercial simulators, including Eclipse, CMG, and also ACRES, which was previously ARCO’s proprietary simulator.
D&M has performed reservoir simulation studies on numerous deep water fields, as well as many fields undergoing water injection for pressure maintenance. The company uses its reservoir simulation capabilities to help clients with the following activities.
• Subsurface modeling ? Black oil ? Compositional • Complex descriptions ? Geostatistics ? Corner-point gridding • Enhanced recovery studies • Field development studies • Field rehabilitation studies • Exploitation studies • Surface network simulation ? Pipeline networks ? Process facilities ? Compression
NWE Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
