Annual oil and gas reserve summary reports include information regarding:
- Oil and gas production
- Original oil and gas in place
- Remaining recoverable oil and gas reserves
- Reservoir properties
The 5-year oil and gas summaries include information from the latest five years regarding:
- Initial and remaining reserves
- Production
- Number of productive wells
Oil and gas reserves are the estimated remaining quantities of oil and natural gas which are determined to be recoverable from known accumulations. The reserve values are established reserves based upon analysis of current drilling operations, geological, geophysical and reservoir data, established technology, and specific economic conditions.
Further Information
- In analyzing the 2022 reserves, a new approach is being employed. It involves implementing a five-year schedule that ensures every pool is reviewed at least once. High activity pools are identified and reviewed annually to enhance the accuracy of the reserves report.
- For the 2020 Gas Reserves, the volumetric analysis developed area determination was revised to use the assigned well completion drainage unit, resulting in variance throughout the gas pools.
- In 2017 a new process was utilized for oil and gas reserves analysis, which is being used going forward.
- For the 2016 Oil Reserves, roughly 35% of oil pools were analyzed based on the pools that were new or existing and had experienced significant amounts of change identified by increased drilling activity, pool boundary expansions, the addition or expansion of existing waterflood and enhanced oil recovery projects.
- For the 2016 Gas Reserves, the unit and non-unit production values were combined.
For more information on the latest oil and gas reserves updates, contact the ER Service Desk at 1‑855‑219‑9373 or ER.ServiceDesk@gov.sk.ca.