Introduction     Statistics I     Statistics II     Geology     Shallow     Intermediate     Deep

  Geology Test     Example     Interpretation     Answer     Example 2     Interpretation 2     Answer 2

These statistics tell the probability of finding oil for a location that has two nearby drilled locations when these two locations are next to each other. In other words, the two wells with "results" will be adjacent to each other, and the prospective well will be adjacent to one of these two wells and diagonal to the other.

The following diagram shows the relationship between location of interest and two adjacent wells better:

In this section, B2 is the location we want to drill a well. Wells at C1 and C2 have been drilled with known results. None of the other wells around B2 have been drilled.

A similar two-well situation is shown below:

In this case, B3 and C3 are drilled and have known results. Note in both examples, the wells of known results are next to each other.

Two Dry Wells

• Dry 67%
• Shallow 15%
• Intermediate 10%
• Deep 8%

Two Shallow Wells

• Dry 43%
• Shallow 46%
• Intermediate 7%
• Deep 4%

Two Intermediate Wells

• Dry 56%
• Shallow 20%
• Intermediate 12%
• Deep 12%

Two Deep Wells

• Dry 24%
• Shallow 4%
• Intermediate 11%
• Deep 61%

One Dry and One Shallow Well

• Dry 36%
• Shallow 49%
• Intermediate 13%
• Deep 3%

One Dry and One Intermediate Well

• Dry 42%
• Shallow 6%
• Intermediate 45%
• Deep 7%

One Dry and One Deep Well

• Dry 45%
• Shallow 6%
• Intermediate 12%
• Deep 37%

One Shallow and One Intermediate Well

• Dry 30%
• Shallow 25%
• Intermediate 45%
• Deep 0%

One Shallow and One Deep Well

• Dry 27%
• Shallow 44%
• Intermediate 0%
• Deep 29%

One Intermediate Well and One Deep Well

• Dry 21%
• Shallow 0%
• Intermediate 43%
• Deep 35%

The following statistics were compiled by creating 10 Oil Financier maps and randomly selecting about 40 squares of all ten maps.

More combinations are possible for more Oil Financier Statistics, but as areas of the Oil Financier map are drilled, it would be better to rely more on Oil Financier Geology. You decide when it’s more appropriate to use Statistics or Geology.

Copyright © - DAVE VOLEK PUBLISHING - All Rights Reserved
Contents cannot be reproduced in whole or in part, in any form, without the permission of the publisher
Site developed and managed by Gold Media Inc - Toll Free:  1-888-910-6800