metacash cash flow analysis, includes quick look exploration-style production prediction and cash...
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META/CASH A Knowledge Based System For Formation Evaluation Spectrum 2000 Mindware, Rocky Mountain House, AB, T4T 2A2 1-403-845-2527
c. E.R. Crain, P.Eng. META/CASH HEADER DATA
CLIENT NAME Spectrum 2000 Mindware Ltd ANALYST
POOL/AREA Sample Alberta DATE
WELL/PROJECT My Well ZONES
WELL LOCATION 01-02-03-04W5
COMPUTATION Cash Flow Summary TESTED
DOS FILE NAME 4METACSH <- 8 Char Only UNITS
Alt>Edit>GoTo = Help META/CASH ANALYSIS PARAMETERS
Perf # Top Depth Bottom Depth Shots/meter
1.00 2152.00 meters 2154.00 meters 13.00
2.00 2160.00 meters 2162.00 meters 13.00
3.00 meters meters
4.00 meters meters
5.00 meters meters
GAS ON/OFF MID DEPTH PHIavg PERMavg
0.00 2153.00 meters 0.15 frac 42.80
0=Oil,1=Gas Fnter this data from the META/LOG "ESP" Spreadsheet
META/CASH Raw Data comes from prior analysis of logs, core, or DST data with
META/LOG, META/CORE, or META/DST Spreadsheets.
All Costs have a depth dependent default. Use real costs if known. Set cost multiplier
at 2.5 for 2002-2003. Cost formulae are based on 1985 USA averages.
____________________________________________________________________________________________________________________________________________________________
META/CASH RAW DATA and DECLINE ANALYSIS
11-36-72-8W6SUMMARY OF COMPUTED RESULTS
Compute with-----------------v Initl Deliverability Recoverable Reserves
Log Analysis 1 22 m3/d
Core Analysis 0 30 m3/d
DST Analysis (Horner) 0 12 m3/d
Max Rate Limit (Alta) 0 16 m3/d
Actual Prod - Year 1 0 18 m3/d
User Defined 0 26 m3/d
COST MULTIPLIER 2.50 Plains=2.5 Foothills=5 NWT=7 Arctic/Offshore=12
# OF WELLS/POOL 1 2005-2006 Estimated Multipliers
INITIAL DELIVERABILITY RECOVERABLE RESERVES
22 m3/d 54 000 m3
INITIAL FLOW RATE CONSTANT RATE RESERVES
22 m3/d 0 000 m3
ECONOMIC LIMIT DECLINE RATE RESERVES
2 m3/d 54 000 m3
INSTANTANEOUS DECLINE RATE ANNUAL DECLINE RATE
-0.14 frac -0.13 frac
ANNUAL PRICE ESCALATION ANNUAL EXPENSE ESCALATION
0.08 frac 0.05 frac
LIFTING COST OPERATING COST
151.89 $/m3 10432 $/month
ROYALTY RATE or SCHEDULE OVERRIDE ROYALTY
1.00 frac <-- 0.xx = Fixed 0.00 frac
1 = Alberta
2 = Sask PROD START DATE
3 = BC 2014
CDN EXCH RATE
Useful Conversions: bbl * 0.159 = m3
META/LOG CONSTANTS A Knowledge Based System For Formation Evaluation Spectrum 2000 Mindware, Rocky Mountain House, AB, T4T 2A2 1-403-845-2527 METRIC CONVR VSHMAX
15Dec2005 Used English Metric frac
1.00 0.00 1.00
E. R. Crain, P.Eng. 21.50 6.70 21.50 0.40
41782.70 3914 1.80 1.00 1.80 0.00
MyZone1 32.00 0.00 32.00 0.40
MyZone3 3.28 1.00 3.28 0.0
OIL 0.30 1.00 0.30 41.00
M (MorE) 2650.00 2.65 2650
2710.00 2.71 2710
1.00 0.16 1.00 DON'T MESS WITH THESE NUMBERS
1.00 0.03 1.00
Shots/meter Treats 1000.00 1.00 1000
Acid Wash 2149.00 162.60 2149
Cem Sqz 2.15 162.60 2.15
273.00 460 273
0.00 0.01 0.00
1.31 1424 1.31
feet 1.51 1637 1.51
us/ft 101.35 14.65 101.4
psi 175.87 4.53 175.9
Net Pay Mcf/d meters feet meters
md 3.80 meters gm/cc us/m us/ft us/m
Fnter this data from the META/LOG "ESP" Spreadsheet inches KPa psi KPa
'F m3/d bbl/d m3/d
English Kg/m3 gm/cc Kg/m3
md-ft mm inches mm
mcf 'C 'F 'C
$/mcf Metric English Metric
bbl/psi md-m md-ft md-m
META/CASH Raw Data comes from prior analysis of logs, core, or DST data with MMcf m3 bbl m3
Mcf/d $/m3 $/bbl $/m3
cu.ft. m3/KPa bbl/psi m3/KPa
All Costs have a depth dependent default. Use real costs if known. Set cost multiplier Gas 1000bbl 1000bbl 1000bbl
10^6m3 bbl/d bbl/d bbl/d
m3 bbl m3
Oil Oil Oil
10^3m3 10^3m3 10^3m3
__________________________________________________________
META/CASH RAW DATA and DECLINE ANALYSIS
End Prod- Income
Initl Deliverability Recoverable Reserves Year Of uction After
54 000 m3 # Year m3 Royalty
39 000 m3 *1000 --------------- $ x 1000 ---------------
54 000 m3 2013
54 000 m3 1 2014 7 2094
54 000 m3 2 2015 6 2014
54 000 m3 3 2016 5 1939
4 2017 5 1870
Plains=2.5 Foothills=5 NWT=7 Arctic/Offshore=12 5 2018 4 1806
6 2019 4 1747
7 2020 3 1694
ECONOMIC LIFE 8 2021 3 1645
17.74 years 9 2022 3 1601
10 2023 2 1564
CONSTANT LIFE 11 2024 2 1543
0.00 years 12 2025 2 1514
13 2026 2 1479
DECLINE LIFE 14 2027 1 1440
17.74 years 15 2028 1 1397
16 2029 1 1352
MONTHLY RATE 17 2030 1 1306
-0.01 frac 18 2031 1 1258
19 2032 1 1211
DISCOUNT RATE 20 2033 0 0
0.15 frac
CASH FLOW RESULTS: DRILL, COMPL & TIEIN
1643 $x1000 Total Production at Economic Limit
Present Value of Production
WORKING INTEREST Capital Costs
1.00 frac Net Present Value Of Well
Net Present Value - Working Interest Share $
PRODUCT PRICE CDN Well Pays Out After
60.00 433.96 $/m3 Internal Rate Of Return
1.15 Discount Rate (Mid Year Discounting)
mcf * 28.3 = m3
META/LOG CONSTANTS
PHIMIN SWMAX PRMmin
frac frac md
0.00 1.00 0.00
0.00 0.50 0.00
0.00 0.30 0.00
to 99999 Depthcut
Start line#
DON'T MESS WITH THESE NUMBERS
META/CASH FINAL RESULTS *
* Costs Net Discounted Prod
Fixed Lifting Incone Annual Cum'l
--------------- $ x 1000 ---------------
-1643 -1643 1643
128 1101 864 806 -837 1643 7076
135 1019 860 697 -140 1643 6236
141 943 855 603 463 1643 5495
148 872 849 520 983 1643 4842
156 807 843 449 1432 1643 4267
164 747 837 388 1820 1643 3760
172 691 831 335 2155 1643 3314
180 639 825 289 2444 1643 2920
190 592 820 250 2694 1643 2573
199 548 818 217 2911 1643 2268
209 507 827 191 3102 1643 1998
219 469 826 166 3267 1643 1761
230 434 815 142 3409 1643 1552
242 401 796 121 3530 1643 1367
254 371 772 102 3632 1643 1205
267 344 742 85 3717 1643 1062
280 318 708 71 3787 1643 936
294 294 670 58 3845 1643 825
309 272 630 47 3893 1643 727
0 0 0 0 0 1643 640
54 000 m3
$ 5536 000
$ 1643 000
$ 3893 000
3893 000
0 Years
IRR Seed 1.00 0.35 fractional
0.15 fractional
INTERMEDIATE RESULTS
Econ ROYALTIES COSTS
Limit ALTA SASK BC Gross Fixed Lift
Test
7076 0 0 0 2094 128 1101
6236 0 0 0 2014 135 1019
5495 0 0 0 1939 141 943
4842 0 0 0 1870 148 872
4267 0 0 0 1806 156 807
3760 0 0 0 1747 164 747
3314 0 0 0 1694 172 691
2920 0 0 0 1645 180 639
2573 0 0 0 1601 190 592
2268 0 0 0 1564 199 548
1998 0 0 0 1543 209 507
1761 0 0 0 1514 219 469
1552 0 0 0 1479 230 434
1367 0 0 0 1440 242 401
1205 0 0 0 1397 254 371
1062 0 0 0 1352 267 344
936 0 0 0 1306 280 318
825 0 0 0 1258 294 294
727 0 0 0 1211 309 272
0 0 0 0 0 0 0
0 0 0 0.00
0 0 0 #VALUE!
*
*
Payout
TRUE
TRUE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
FALSE
