New tool from a super shale basin

By Staff | September 26, 2017

A lifetime of work on the Permian Basin has led to the creation of a new 3D geological model of the subsurface areas. John Roberts and his team of subsurface experts at global research and analytics firm IHS Markit, have compiled years of data into a new 3D offering that helps to show why the Permian was and still is the “super basin” of the U.S. oil and gas industry.

Using more that 440,000 Permian Basin well top data points, Roberts and team were able to show that the Permian Basin still has 60 billion to 70 billion barrels of technically recoverable resources available. Robert’s team thinks its work significantly alters the understanding people have of the Permian. Since the 1920s, producers have been pumping from the region, and only in the past decade have they begun to target shale and other tight oil and gas formations through horizontal drilling and hydraulic fracturing.

IHS was able to develop a new tool that enabled them to look at more than 70 formations within the basin. Now, the team has taken their work, combined it with a 3D model and made it available to industry. “It enables operators to fast-track their existing interpretation efforts in the play or to enter new parts of the play,” Roberts said. “To our knowledge, this is the most ambitious, comprehensive Permian Basin geologic interpretation analysis and modeling project of its kind to date.”

The tool used to create the team’s new understanding of the Permian is called PRODFit, or, Production Formation from Interpreted Tops.