10,323
edits
Changes
Jump to navigation
Jump to search
Line 125:
Line 125: − + Line 187:
Line 187: − :<sup>'''Assumptions for Example Multiwell Extension Project'''</sup><br>+ Line 214:
Line 214: − − Since the project has a longer life than the example development well, the results are summarized in a slightly different format. [[:Image:Charles-l-vavra-john-g-kaldi-robert-m-sneider_capillary-pressure_3.jpg|Table 4]] presents the production, investment, and tax assumptions for the multiwell extension project.
→Calculations in the cash flow model
|}
|}
The same steps also apply to a multiwell project. Field development projects are constructed by combining individual well models in a realistic time frame. The income tax calculation must be done on a total project basis since oil and gas taxation applies to the total property. An example of a multiwell field extension project is shown in Table 3.
The same steps also apply to a multiwell project. Field development projects are constructed by combining individual well models in a realistic time frame. The income tax calculation must be done on a total project basis since oil and gas taxation applies to the total property. An example of a multiwell field extension project is shown in Table 3. Since the project has a longer life than the example development well, the results are summarized in a slightly different format. The production, investment, and tax assumptions for the multiwell extension project are outlined below the table.
{| class="wikitable"
{| class="wikitable"
| '''Totals''' || '''680.632''' || '''1101.931''' || '''11991.572''' || '''7225.000''' || '''4766.572''' || '''1131.851''' || '''3634.721''' || || '''2729.760''' || || '''6859.396'''
| '''Totals''' || '''680.632''' || '''1101.931''' || '''11991.572''' || '''7225.000''' || '''4766.572''' || '''1131.851''' || '''3634.721''' || || '''2729.760''' || || '''6859.396'''
|}
|}
<sup>'''Assumptions for Example Multiwell Extension Project'''</sup><br>
:<sup>NRI = 0.875</sup><br>
:<sup>NRI = 0.875</sup><br>
:<sup>Wellhead tax on oil and gas revenue is 8%</sup><br>
:<sup>Wellhead tax on oil and gas revenue is 8%</sup><br>
:<sup>Assumed Production Schedule</sup><br>
:<sup>Assumed Production Schedule</sup><br>
::<sup>The production forecast for the typical well in the Example Development Well was used for the Multiwell Extension Project. A typical well was assumed to be placed on production at the beginning of each of the years 1991, 1992, 1993, and 1994.</sup><br>
::<sup>The production forecast for the typical well in the Example Development Well was used for the Multiwell Extension Project. A typical well was assumed to be placed on production at the beginning of each of the years 1991, 1992, 1993, and 1994.</sup><br>
==Points to remember==
==Points to remember==