About petroCUBE rule

Insight you can trust.

Eager to see inside our statistical engine?  This is how our team of experts combines traditional knowledge with leading edge technology and resources to bring you the best in upstream financial, technical and geostatistical information.

The Inputs

  • Industry Production Statistics - in excess of 550,000 well zones in the Western Canadian Sedimentary Basin
  • Standardized grouping of play types and areas of exploration and development - our experts have subdivided the Basin into play areas linked with similar geologic characteristics
  • Full cycle cost and accounting data - combining industry statistics with AJM's insight as consulting engineers and geologists provides an assessment according to play type and geographic area
  • Oil & gas analysis / parameters - an economist's insight is provided into the economic parameters for each play type and area

The Analysis

  • Decline analysis is completed for every producing well event using proprietary software algorithms based on well known engineering principles
  • Cumulative frequency resource distribution curves are built from all productive well events
  • Decision trees are constructed and full cycle economics are calculated - both unrisked and risked

The Outputs

  • Chance of Success graphs for each play type & area
  • Unrisked and Risked Resources and Initial Production rates on a per well basis
  • Full Cycle Economic & Play Parameters
  • Ability to rank play types based on economic & resource parameters and your company's criteria