You have the following data on an oil reservoir Oil Aquifer Semicircular Geometry Encroachment angle Radius,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You have the following data on an oil reservoir Oil Aquifer Semicircular Geometry Encroachment angle Radius, ft Flow regime Porosity Thickness, ft Permeability, md Viscosity, cp Original pressure Current pressure Original volume factor Current volume factor Bubble point pressure Circular 180° 80,000 4000 Semisteady state Unsteady state 0.20 30 200 1.2 50 0.36 3800 3800 3600 1.300 1.04 1.303 1.04 3000 The field has been on production for 1120 days and has produced 800,000 STB of oil and 60,000 STB of water. Water and formation compressibilities are estimated to be 3 x 10-6 and 3 x3 10-6 psi 21, respectively. Calculate the original oil-in-place. You have the following data on an oil reservoir Oil Aquifer Semicircular Geometry Encroachment angle Radius, ft Flow regime Porosity Thickness, ft Permeability, md Viscosity, cp Original pressure Current pressure Original volume factor Current volume factor Bubble point pressure Circular 180° 80,000 4000 Semisteady state Unsteady state 0.20 30 200 1.2 50 0.36 3800 3800 3600 1.300 1.04 1.303 1.04 3000 The field has been on production for 1120 days and has produced 800,000 STB of oil and 60,000 STB of water. Water and formation compressibilities are estimated to be 3 x 10-6 and 3 x3 10-6 psi 21, respectively. Calculate the original oil-in-place.
Expert Answer:
Related Book For
Statistics for Business and Economics
ISBN: 978-0321826237
12th edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
Posted Date:
Students also viewed these mathematics questions
-
Water Corporation s current liabilities total 60 000 and long term liabilities total 160 000 Working capital at December 31 2012 is equal to 90 000 If Water Corporation s debt to equity ratio is 40...
-
Oil field pipes are internally coated in order to prevent corrosion. Researchers at the University of Louisiana, Lafayette, investigated the influence that coating may have on the surface roughness...
-
Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $189,500 salary working full time for Angels Corporation. Angels Corporation reported $438,000 of...
-
A manufacturer of cases for sound equipment requires that holes be drilled for metal screws. The drill bits wear out and must be replaced; there is expense not only in the cost of the bits but also...
-
Data set: NLBB Salaries a. Conduct a permutation test to determine if there is a difference in mean salaries between pitchers and first basemen. Report the p-value and your conclusions based on an...
-
What is fair value? Is it a good idea?
-
Explain how the calculations that involve a companys earnings might help you to make a decision about buying or selling a particular stock.
-
Enterprises, Inc.s principal product is a hammer that carries a lifetime guarantee. Cost and production data for the hammer follow. Direct materials: Anodized steel: 1 kilograms per hammer at $2 per...
-
You have invested only in the BlueChip Fund, a mutual fund that invests mainly in stocks. At the moment, the BlueChip Fund has an expected return of 34% and a volatility of 15%. Your broker sugges...
-
Using the Public MACRO BITCOIN scorecard spreadsheet (linked in its associated masterclass lesson - Long Term 32), create a COPY of it and perform a complete analysis for the date 22/2/2022....
-
For each of the following companies, specify whether each company would be more likely to use job costing or process costing. A. Janitorial services company B. Soup manufacturer C. Commercial...
-
State the audit objectives that pertain to management's assertions about personnel services transactions and balances.
-
Explain the tests of control that involve (a) terminated employees and (b) witnessing a payroll distribution.
-
The marketing manager for the relaunch of the SuperCook range in the UK wants a system of forecasting that will provide as accurate a picture as possible of first-year sales in order to satisfy...
-
In considering the ICS for the Aliva Company, Joan Davies, CPA, develops an internal control questionnaire for EDP general controls that includes the following questions: 1. Is there adequate...
-
Identify several analytical procedures that may be applied to payroll balances and indicate the assertions to which the evidence pertains.
-
Chapter 5 Recording Capital Asset TransactionsStreet Improvement Capital Projects Fund and GovernmentalActivities at the Government-wide LevelDuring late 2019, the voters of the City of Smithvill 0...
-
You purchase a bond with a coupon rate of 6.7 percent, a par value $1,000, and a clean price of $905. Assume a par value of $1,000. If the next semiannual coupon payment is due in two months, what is...
-
The Promise Software Engineering Repository is a collection of data sets available to serve businesses in building predictive software models. One such data set, saved in the accompanying file,...
-
A fair coin is tossed three times, and the events A and B are defined as follows: A: {At least one head is observed.} B: {The number of heads observed is odd.} a. Identify the sample points in the...
-
The National Institute for Standards and Technology (NIST) mandates that for every 100 items scanned through the electronic checkout scanner at a retail store, no more than 2 should have an...
-
Listed below are ten separate situations. For each item indicates whether the difference is (1) temporary creating a deferred tax asset or a deferred tax liability or (2) permanent. Item 1. Pension...
-
Fox Corporation purchased a machine on January 1,2020 , that cost \(\$ 40,000\). The machine had an estimated service life of five years and no residual value. Fox uses straight-line depreciation for...
-
Wittco Company reports pretax GAAP income in 2020, its first year of operations, of \(\$ 100,000\). Temporary differences in the GAAP basis and tax basis of assets arose in 2020 from the following...
Study smarter with the SolutionInn App