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Storage, Production, and Shut-in Strategy Development

    Home Storage, Production, and Shut-in Strategy Development

    Storage, Production, and Shut-in Strategy Development

    Storage, Production, and Shut-in Strategy Development

    Sifting through the Challenges is Daunting, but Doable.

    As oil and gas activity has sharply declined due to the overwhelming surplus of crude oil, operators are forced to either shut-in wells to reduce production or have their output hauled away—both are costly decisions.

    On one hand, shut-in wells often must be re frac’ed upon reopening and may be subject to diminished future oil recovery, and on the other, operators may face exorbitant and  punitive take-away fees to simply transport and store oil.

    Further, many operators are required to continue producing due to existing contracts. In early 2020, analysts feared that the oversupply of crude would inundate the world’s storage tanks and that the US crude hub in Cushing, OK would hit maximum capacity. Although crude oil traders believe the worst is behind us and that prices should stabilize, 2020 oil price volatility, recovery from a public health crisis, and uncertain demand profiles continue to fuel the flames of  market uncertainty.  Identifying novel and cost-effective storage optionality can help mitigate price volatility impacts, and enhance negotiating positions in turbulent markets.

    And that’s where EnergyMakers can help.

    Our expert geoscientists and financial analysts can quickly help you determine your company’s options, which might include:

    • Identification/Acquisition/lease of surface and offshore storage containment
      • An oversupply of oilfield service equipment improves financial feasibility

     

    • Characterization and Geologic Profiling of Salt Cavern Storage Options
      • Hydrogeologic profiling
      • Pore volume analytics
      • GIS characterization
      • Injection and Production strategies

     

    • Planning and Costing
      • Asset financial due diligence and feasibility analysis
      • Technical services for salt cavern and porosity oil and gas storage
      • Planning and design services to expand existing reserve capacity

     

    • Permitting and Regulatory Compliance
      • Preparation and submission of permits
      • Well logging analysis to determine optimal injection/storage zones; reservoir screening
      • Complete geologic characterization
      • Reservoir evaluation
      • Area of Review evaluations
      • Fluid Containment evaluation
      • Well and Casing Design
      • Exemption applicability
      • Capacity Planning
      • UIC Well Conversions
      • Permitting GeoKits – Cross sections, isopacs, GIS maps supporting permit applications

     

    • Monitoring and Safety
      • Pressure testing, analysis and reporting
      • Modeling services to determine operational life of a system
      • Environmental Life Cycle Planning
      • Risk management
      • Environmental Social and Governance compliance

    The Texas Railroad Commission (RRC) recently released temporary exceptions for oil and gas storage wells:

    “16 Texas Administrative Code § 3.95: An exception authorizing underground hydrocarbon storage facility located in a geological formation other than an underground salt formation.”

    This eases regulations for operators looking to permit a storage well, technically a Class II UIC well, as long as they can prove the receiving formation is adequately sealed off from other formations, specifically water bearing formations, and can prove capacity for the intended hydrocarbon load.  This may be pivotal for operators that do not have direct access to pipelines or sufficient storage tanks and also allowing the conversion of injection wells to storage wells.

    BASE DATA

    • Access navigable oilfield data from sources like the Texas Railroad Commission and the New Mexico Oil Conservation Division – cleaned up, organized, and normalized – and all in one place.

    BASE DATA ANALYTICS

    • Save yourself from the pitfalls of working with messy raw data sets.
    • Receive regular updates and insightful produced water trends from data that has been normalized and cleansed for improved quality.
    • Stay abreast of marketing activity and who is doing what, where.
    • Track water injection trends from multiple perspectives.

    Connect with us

    Meet The Team

    • Laura Capper

      Principal
      Laura Capper has provided operations and strategy consulting services to over 600 companies spanning every continent, including vi...

      Allen Blanchard

      Senior Consultant
      Allen specializes in the oil and gas environmental lifecycle both in technical and business areas, environmental engineering and w...
    • James Rodgerson

      Sr. Completion Engineer
      James Rodgerson is a Sr. Completion Engineer with thirty-five years drilling and completions experience and thirty years of shale ...

      Gary Chapman

      Sr. Petroleum Geologist
      Gary Chapman is a highly-accomplished geoscience professional with a wide-ranging expertise in international and domestic explorat...
    • Kyle Murray

      Hydrogeologist and Seismology Expert
      Kyle Murray is an expert in the physical and chemical properties of geologic materials that store and produce fluids, incorporatin...

      Mabel Lee

      Petroleum Engineer
      Mabel Lee is a Petroleum Engineer specializing in natural gas engineering, including extraction, unconventional development, press...
    • Alex Fick

      Geologist
      Alex Flick is a geologist (MSC) experienced in integration of petroleum well log, geophysical, and petrophysical data for formatio...

      Ted Moon

      Oilfield Production Chemist
      Ted Moon is a is a PH.D. in Chemical Engineering who specializes in knowing all things about technology applications and current ...
    • Phillip Jefferson

      Petroleum Engineering Associate
      Phillip is a researcher and analyst for EnergyMakers. Project work has included financial analysis of energy portfolios, market a...

      Keith Edgar

      Senior Consulting Associate
      Keith Edgar is a Senior Consulting Associate with EnergyMakers Advisory Group and is a specialist in project finance, financial mo...

    Contact

    ADDRESS 1770 Saint James Place Suite #300 Houston, TX 77056 EMAIL info@energymakersag.com TELEPHONE (713) 569-5002

    Copyright © 2017 EnergyMakers Advisory Group. All Right Reserved.
    • Home
    • About
    • Services
      • E&P Services
        • Due Diligence and Transaction Support Services
        • Water Management Due Diligence / Disposal Risk Assessment
        • Midstream Water Management Advisory / Analytics
        • Facilities, M&A, JV, and Project Financial Modeling
        • Storage, Production, and Shut-in Strategy Development
      • Water Management
        • Water Management Advisory and Planning Services
        • Saltwater Disposal / Seismicity Avoidance / UIC Operations Planning and Risk Management
        • Water Sourcing / Supply Assurance
        • Facilities Sitting and Life Cycle Planning
        • Solid Waste Management
        • Permit Strategy, Operations Planning, HSEQ Compliance
        • Comprehensive Due Diligence Services, Technology Piloting and Commercialization
      • Data-on-Demand: Oilfield Saltwater Disposal and Injection Wells
    • Industry Report
    • Team
    • News & Events
    • Contact
    EnergyMakers Advisory Group