Gulf of Mexico reservoir properties can hint at expected reserve sizes

Data published about proved reserves in the northern Gulf of Mexico for oil pools have reserves ranging from 1,000 bbl to 143 million bbl, and data published about proved reserves in gas pools there have reserves ranging from 2 MMcf to 718 bcf.Pools are combinations of all reservoirs in a field by the same age that occur in a play. In any area with high capital expenses and high drilling risk, it is important to avoid areas with marginal or no oil and gas reserves.Much exploration effort should be involved in examining reservoir properties such as depth of production, thickness of pay zones, productive areal extent, porosity, formation pressure, oil gravity, gas specific gravity, and wate...

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