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  • Terrape Energy Drilling

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    Ali Bissenov
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    The document summarizes the estimated recoverable barrels, budgeted costs, and drilling choices for 11 potential oil wells across 3 regions. It shows that drilling the recommended wells would recover an estimated 41.7 million barrels of oil at a total budget of $240 million, meeting all constraints of drilling at most 5 wells total, no more than 2 in Saskatchewan, at least 1 joint venture well, at least 3 wells in Alberta, and a total budget of $250 million or less.

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    3. Terrape Energy Drilling

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    The document summarizes the estimated recoverable barrels, budgeted costs, and drilling choices for 11 potential oil wells across 3 regions. It shows that drilling the recommended wells would recover an estimated 41.7 million barrels of oil at a total budget of $240 million, meeting all constraints of drilling at most 5 wells total, no more than 2 in Saskatchewan, at least 1 joint venture well, at least 3 wells in Alberta, and a total budget of $250 million or less.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Terrape Energy Drilling

    Uploaded by

    Ali Bissenov
    The document summarizes the estimated recoverable barrels, budgeted costs, and drilling choices for 11 potential oil wells across 3 regions. It shows that drilling the recommended wells would recover an estimated 41.7 million barrels of oil at a total budget of $240 million, meeting all constraints of drilling at most 5 wells total, no more than 2 in Saskatchewan, at least 1 joint venture well, at least 3 wells in Alberta, and a total budget of $250 million or less.

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    © All Rights Reserved
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    Terrape Energy DRILLING CHOICES

    Well ID# AB1 AB2 AB3 AB4-JV BC1 BC2-JV BC3 SK1 SK2-JV SK3 SK4
    Est. Recoverable barrels (000,000's) 5.5 7.5 7.7 6.8 9.8 8.3 6.4 9.9 8.8 8.6 7.2
    Budgeted Cost ($ millions) $30 $45 $40 $25 $50 $35 $45 $80 $40 $50 $35
    Proceed with well site? (0-No, 1-Yes) 0 1 1 1 1 0 0 1 0 0 0

    Total Recoverable Barrels (000,000's) 41.7

    CONSTRAINTS Total Available


    Total # of wells drilled 0 1 1 1 1 0 0 1 0 0 0 5 = 5
    No more than 2 in Sask 1 0 0 0 2 ≤ 2
    At least One Joint Venture well 1 0 0 1 ≥ 1
    At least 3 in Alberta 0 1 1 1 3 ≥ 3
    Total Budget ($ million) $0 $45 $40 $25 $50 $0 $0 $80 $0 $0 $0 $240 ≤ $250

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