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After drilling a single well and testing it for production, a company predicts the low estimate ofrecoverable oil to be 30,000 barrels (with a GOR
After drilling a single well and testing it for production, a company predicts the low estimate ofrecoverable oil to be 30,000 barrels (with a GOR of 2,000 SCF/STB), the best estimate ofrecoverable oil to be 50,000 barrels (with a GOR of 2,500 SCF/STB) and high estimate of 100,000barrels (with GOR of 3,000 SCF/STB). Categorize these reserves separately as oil and gas. If wedefine 6 MSCF = 1 STB, re-write the reserves in terms of oil equivalent.
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