Estimate the volume of hydrocarbon in a reservoir that is currently being explored in Midland, Texas,...
Estimate the volume of hydrocarbon in a reservoir that is currently being explored in Midland, Texas, Find the total oil in place in barrels and the amount of gasoline that can be potentially manufactured in gallons. The following data is provided Water saturation is 15% Porosity is 28% Drainage area obtained from the geologist map is approximately 375 acre The net pay thickness is about 20 ft Assume the oil shrinkage factor to be 63% Assume that you have 42 gallons of oil in a barrel and 29% of this is refined as gasoline.