Introduction     Statistics I     Statistics II     Geology     Shallow     Intermediate     Deep

  Geology Test     Example     Interpretation     Answer     Example 2     Interpretation 2     Answer 2

The intermediate oil pool can be compared to a narrow, meandering channel that snakes its way across the map. There is no way to predict when it will take a turn or continue going straight, but all intermediate wells constitute the one and only intermediate oil pool.

Both ends of the channel start on an edge of the map and first go perpendicular to that edge. One end of the channel starts in the NW quadrant of the OilFinancier map. The other end can start on an edge anywhere else on the map.

The intermediate pool (the meandering channel) increases the probability of finding oil at the shallow and deep depths because both shallow and deep oil wells can be found next to the intermediate channel.

The channel will go through each shallow field, sometimes right through the middle, sometimes through just a corner.

Each deep field will be right next to at least two intermediate squares. After much of the intermediate channel is discovered, it is the best time to go hunting for deep oil.

Economics of Intermediate Fields   Intermediate wells take a long time to payout. But their decline rate is rather low, so these wells will contribute to both your cash and share price for a very long time.  When the orientation of the intermediate channel is known, it is most likely going to continue in that same direction. So drilling intermediate wells can be "almost sure things." The intermediate field is the "seismic" for the deep fields.

To get you ready for the seminar, follow this link to do the OilFinancier Geology Test.

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