Become a Decision
Strategies Client
Get the expert knowledge and insight
you need to make critical decisions.
Technology Development & Implementation
After a merger, a major oil and gas company found it was left with multiple trading systems, which were not well coordinated and supported only limited types of trading. Events
08:00 AM - 04:00 PM
Take the guesswork out of the decision process and arms you with the tools you need to become much more proficient and confident in your ability to make deliberate, creative, and value-driven...
06:30 AM - 09:00 AM
Established in 1994, the Oilfield Breakfast Forum has emerged as one of the premiere thought-leadership events in Houston, attracting over 700 industry executives per event. Held three times a year,...
News/Features
Unconventional Type Curves: Useful, or Sirens of Destruction?
Decision Strategies Names CEO and COO
Thought Leadership Blog
Exploration (Conventional & Unconventional)
Exploration is the search for previously unknown accumulations of economically recoverable hydrocarbons. In conventional plays, the focus generally has two phases. The first phase determines which geological plays warrant further investigation and commitment of company resources. The second phase estimates the probability that a significant accumulation of hydrocarbons exist in a specific location (a “prospect”) within a viable play and, if it the accumulation exists, the volume of producible hydrocarbons held by that prospect. In unconventional plays, the potentially productive area can run for thousands of square miles with no individual prospects to speak of. In this case, the exploration focus is generally to determine whether the play itself has the potential for profitable development, at least in some regions.
In many companies, appraisal also comes under the purview of the Exploration group. This is the process of learning enough about the characteristics of a new discovery – its size, reservoir properties, etc. – to decide if and how to proceed with development.
Decision Strategies has the knowledge and experience to provide guidance, critical input, and proper analysis which helps our clients make these important determinations with confidence.
