2017 OPI Conference Economics of Various Play Types in SW Ontario

摘要

1. With the current oil prices compared to gas prices, oil pools are much more economical to develop than gas pools within similar formations 2. in most reservoirs, pool development with horizontal wells will improve the economics compared to vertical wells, mostly as a result of accelerated production 3. Silurian A-1 Carbonate and Silurian Clinton sandstone reservoirs are likely not economical to develop with current gas prices and development costs 4. Development of Silurian Guelph oil reservoirs with horizontal wellbores and development of Ordovician oil reservoirs with either vertical or horizontal wellbores are the pool developments with the most favourable economics 5. Development of Devonian oil reservoirs through waterflooding for secondary recovery provides the highest undiscounted return on investment, but at higher discount rates other oil reservoirs can return a higher return on development costs