American Oil and Gas Reporter - January 2017 - 54

Outlook 2017
are the various types of data that can be incorporated into an
analysis? How much preparation is required to integrate those
data? How can operators gauge the quality of available data so
they can have confidence in the results while assuring compliance
with applicable regulations and standards?
RUSSELL: In all cases, I recommend examining both the seller's proprietary data (from the data room) and public data to ensure consistency. Any discrepancies should be questioned. It is
important to understand the limitations of whatever datasets are
being used. For example, if it is public data, the evaluator should
know whether the data are reported by well or reported by lease
and then arbitrarily allocated to wells.
The buying company also needs to determine how much confidence can be placed in forecasts from only monthly production

data by comparing those forecasts in some wells to forecasts from
full datasets, including daily allocated and well test production
data as well as pressure data.
Also, it is always useful to "sense-check" the data to find anomalies, either real in the reservoir or artificial in the data. A quick screen
using a "data view" mapping of key data parameters is helpful.
Understaffing is a reality in today's market, and that can make
it difficult to do a good job of screening data quality. To compensate for this, I would use the Pareto principal to look at the wells
with 80 percent of the producing value. As part of the due diligence, I would scan well files and completion reports for disturbing trends.
I also would have discussions with engineering staff to gauge
their level of experience and competence relative to my own company. And finally, I would do a sensitivity analysis to define how
much value impact comes from uncertainty in data quality. r

ARTICLE

REPRINTS
Leverage AOGR's communications with
professional reprints and e-prints designed
with four-color custom presentations!
Order a quality reproduction of an article in an organized
format with the addition of your advertisement and/or
company logo along with other company information.
*Available on high gloss 70-80 pound text paper
or 100 pound gloss cover stock. We can deliver
from 1,000 to 10,000 copies, or more!

For more information and
to order reprints, contact:

Nora Mota Magill
nmotamagill@aogr.com
1-800-847-8301

THE MARKETING TOOL THAT SIMPLY MAKES SENSE!
North America: 1-800-847-8301
International: 001-316-788-6271

54 THE AMERICAN OIL & GAS REPORTER

w w w. a o g r. c o m



American Oil and Gas Reporter - January 2017

Table of Contents for the Digital Edition of American Oil and Gas Reporter - January 2017

Contents
American Oil and Gas Reporter - January 2017 - 1
American Oil and Gas Reporter - January 2017 - 2
American Oil and Gas Reporter - January 2017 - Contents
American Oil and Gas Reporter - January 2017 - 4
American Oil and Gas Reporter - January 2017 - 5
American Oil and Gas Reporter - January 2017 - 6
American Oil and Gas Reporter - January 2017 - 7
American Oil and Gas Reporter - January 2017 - 8
American Oil and Gas Reporter - January 2017 - 9
American Oil and Gas Reporter - January 2017 - 10
American Oil and Gas Reporter - January 2017 - 11
American Oil and Gas Reporter - January 2017 - 12
American Oil and Gas Reporter - January 2017 - 13
American Oil and Gas Reporter - January 2017 - 14
American Oil and Gas Reporter - January 2017 - 15
American Oil and Gas Reporter - January 2017 - 16
American Oil and Gas Reporter - January 2017 - 17
American Oil and Gas Reporter - January 2017 - 18
American Oil and Gas Reporter - January 2017 - 19
American Oil and Gas Reporter - January 2017 - 20
American Oil and Gas Reporter - January 2017 - 21
American Oil and Gas Reporter - January 2017 - 22
American Oil and Gas Reporter - January 2017 - 23
American Oil and Gas Reporter - January 2017 - 24
American Oil and Gas Reporter - January 2017 - 25
American Oil and Gas Reporter - January 2017 - 26
American Oil and Gas Reporter - January 2017 - 27
American Oil and Gas Reporter - January 2017 - 28
American Oil and Gas Reporter - January 2017 - 29
American Oil and Gas Reporter - January 2017 - 30
American Oil and Gas Reporter - January 2017 - 31
American Oil and Gas Reporter - January 2017 - 32
American Oil and Gas Reporter - January 2017 - 33
American Oil and Gas Reporter - January 2017 - 34
American Oil and Gas Reporter - January 2017 - 35
American Oil and Gas Reporter - January 2017 - 36
American Oil and Gas Reporter - January 2017 - 37
American Oil and Gas Reporter - January 2017 - 38
American Oil and Gas Reporter - January 2017 - 39
American Oil and Gas Reporter - January 2017 - 40
American Oil and Gas Reporter - January 2017 - 41
American Oil and Gas Reporter - January 2017 - 42
American Oil and Gas Reporter - January 2017 - 43
American Oil and Gas Reporter - January 2017 - 44
American Oil and Gas Reporter - January 2017 - 45
American Oil and Gas Reporter - January 2017 - 46
American Oil and Gas Reporter - January 2017 - 47
American Oil and Gas Reporter - January 2017 - 48
American Oil and Gas Reporter - January 2017 - 49
American Oil and Gas Reporter - January 2017 - 50
American Oil and Gas Reporter - January 2017 - 51
American Oil and Gas Reporter - January 2017 - 52
American Oil and Gas Reporter - January 2017 - 53
American Oil and Gas Reporter - January 2017 - 54
American Oil and Gas Reporter - January 2017 - 55
American Oil and Gas Reporter - January 2017 - 56
American Oil and Gas Reporter - January 2017 - 57
American Oil and Gas Reporter - January 2017 - 58
American Oil and Gas Reporter - January 2017 - 59
American Oil and Gas Reporter - January 2017 - 60
American Oil and Gas Reporter - January 2017 - 61
American Oil and Gas Reporter - January 2017 - 62
American Oil and Gas Reporter - January 2017 - 63
American Oil and Gas Reporter - January 2017 - 64
American Oil and Gas Reporter - January 2017 - 65
American Oil and Gas Reporter - January 2017 - 66
American Oil and Gas Reporter - January 2017 - 67
American Oil and Gas Reporter - January 2017 - 68
American Oil and Gas Reporter - January 2017 - 69
American Oil and Gas Reporter - January 2017 - 70
American Oil and Gas Reporter - January 2017 - 71
American Oil and Gas Reporter - January 2017 - 72
American Oil and Gas Reporter - January 2017 - 73
American Oil and Gas Reporter - January 2017 - 74
American Oil and Gas Reporter - January 2017 - 75
American Oil and Gas Reporter - January 2017 - 76
American Oil and Gas Reporter - January 2017 - 77
American Oil and Gas Reporter - January 2017 - 78
American Oil and Gas Reporter - January 2017 - 79
American Oil and Gas Reporter - January 2017 - 80
American Oil and Gas Reporter - January 2017 - 81
American Oil and Gas Reporter - January 2017 - 82
American Oil and Gas Reporter - January 2017 - 83
American Oil and Gas Reporter - January 2017 - 84
American Oil and Gas Reporter - January 2017 - 85
American Oil and Gas Reporter - January 2017 - 86
American Oil and Gas Reporter - January 2017 - 87
American Oil and Gas Reporter - January 2017 - 88
American Oil and Gas Reporter - January 2017 - 89
American Oil and Gas Reporter - January 2017 - 90
American Oil and Gas Reporter - January 2017 - 91
American Oil and Gas Reporter - January 2017 - 92
American Oil and Gas Reporter - January 2017 - 93
American Oil and Gas Reporter - January 2017 - 94
American Oil and Gas Reporter - January 2017 - 95
American Oil and Gas Reporter - January 2017 - 96
American Oil and Gas Reporter - January 2017 - 97
American Oil and Gas Reporter - January 2017 - 98
American Oil and Gas Reporter - January 2017 - 99
American Oil and Gas Reporter - January 2017 - 100
American Oil and Gas Reporter - January 2017 - 101
American Oil and Gas Reporter - January 2017 - 102
American Oil and Gas Reporter - January 2017 - 103
American Oil and Gas Reporter - January 2017 - 104
American Oil and Gas Reporter - January 2017 - 105
American Oil and Gas Reporter - January 2017 - 106
American Oil and Gas Reporter - January 2017 - 107
American Oil and Gas Reporter - January 2017 - 108
American Oil and Gas Reporter - January 2017 - 109
American Oil and Gas Reporter - January 2017 - 110
American Oil and Gas Reporter - January 2017 - 111
American Oil and Gas Reporter - January 2017 - 112
American Oil and Gas Reporter - January 2017 - 113
American Oil and Gas Reporter - January 2017 - 114
American Oil and Gas Reporter - January 2017 - 115
American Oil and Gas Reporter - January 2017 - 116
American Oil and Gas Reporter - January 2017 - 117
American Oil and Gas Reporter - January 2017 - 118
American Oil and Gas Reporter - January 2017 - 119
American Oil and Gas Reporter - January 2017 - 120
American Oil and Gas Reporter - January 2017 - 121
American Oil and Gas Reporter - January 2017 - 122
American Oil and Gas Reporter - January 2017 - 123
American Oil and Gas Reporter - January 2017 - 124
American Oil and Gas Reporter - January 2017 - 125
American Oil and Gas Reporter - January 2017 - 126
American Oil and Gas Reporter - January 2017 - 127
American Oil and Gas Reporter - January 2017 - 128
American Oil and Gas Reporter - January 2017 - 129
American Oil and Gas Reporter - January 2017 - 130
American Oil and Gas Reporter - January 2017 - 131
American Oil and Gas Reporter - January 2017 - 132
American Oil and Gas Reporter - January 2017 - 133
American Oil and Gas Reporter - January 2017 - 134
American Oil and Gas Reporter - January 2017 - 135
American Oil and Gas Reporter - January 2017 - 136
American Oil and Gas Reporter - January 2017 - 137
American Oil and Gas Reporter - January 2017 - 138
American Oil and Gas Reporter - January 2017 - 139
American Oil and Gas Reporter - January 2017 - 140
http://staging.nxtbook.com/nxtbooks/aogr/201702/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201701/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201612/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201611/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201610/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/pbios2016_programguide/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201609/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201608/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201607/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201606/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201605/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201604/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201603/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201602/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201601/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201512/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201511/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201510/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201509/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201508/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201507/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201506/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201505/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201504/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201503/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201502/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201501/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201412/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201411/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201410/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201409/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/pbios2014_programguide/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201408/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201407/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201406/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201405/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201404/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201403/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201402/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201401/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201312/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201311/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201310/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201309/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201308/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201307/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201306/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201305/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201304/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201303/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201302/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201301/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201212/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201211/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201210/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201209/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/2012_pbios/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201208/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201207/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201206/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201205/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201204/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201203/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201202/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201201/stage.php
http://staging.nxtbook.com/nxtbooks/demo/aogr_clone/stage.php
http://staging.nxtbook.com/nxtbooks/aogr/201112/stage.php
https://www.nxtbookmedia.com