This document provides criteria for classifying an oil and gas resource as a Tier 1 resource play. A Tier 1 play must exhibit a repeatable statistical distribution of estimated ultimate recoveries across wells, well performance is not a reliable indicator of probable and possible undeveloped reserves, and it involves a continuous hydrocarbon system that extends across a large region.
Original Description:
Original Title
06 2011 RSC Conference Intro to SPE Monograph 3 Definition of a Resource Play Hall 12
This document provides criteria for classifying an oil and gas resource as a Tier 1 resource play. A Tier 1 play must exhibit a repeatable statistical distribution of estimated ultimate recoveries across wells, well performance is not a reliable indicator of probable and possible undeveloped reserves, and it involves a continuous hydrocarbon system that extends across a large region.
This document provides criteria for classifying an oil and gas resource as a Tier 1 resource play. A Tier 1 play must exhibit a repeatable statistical distribution of estimated ultimate recoveries across wells, well performance is not a reliable indicator of probable and possible undeveloped reserves, and it involves a continuous hydrocarbon system that extends across a large region.