THE INTEGRATED APPROACH TO OUR LIFE OF FIELD DEVELOPMENT PHILOSOPHY July 13, 2021 DUG PERMIAN CONFERENCE
CALLON PETROLEUM ASSET AND COMPANY OVERVIEW COMPLIMENTARY ASSET PORTFOLIO Multi-basin exposure allows for diversification, mitigating basin specific operational and pricing risk Meaningful scale in each area enhances the ability to…
LIFE OF FIELD DEVELOPMENT PHILOSOPHY CRITICAL CONCEPTS ASSET POSITIONS Multi-interval development reduces 700 Miles likelihood of uneconomic child wells and future inventory loss Development Intervals are WSW ENE evaluated on an…
A MULTIDISCIPLINARY APPROACH TO ASSET DEVELOPMENT RESERVOIR DEVELOPMENT OPTIMIZATION Fundamental understanding of stratigraphy, geo- mechanical and reservoir properties Integration of production and reservoir data into a geologic…
INTEGRATED MULTI-DISCIPLINE WORKFLOW Petrophysics F,k, Sw, Geoscience Model Update Modeling Geomechanics (feedback from (PR, YME, Stress) completion and simulation) 3D Geo-model incl. Structure and Geomechanics Dynamic…
GEO-CELLULAR MODELING HOLISTIC AND UNIFIED MODELS Mapping geospatial distribution of reservoir facies, porosity systems and fracture networks Permian Models built across 1,250,000 acres 650 million cells 10 stratigraphic horizons…
COMPLETION DESIGN AND OPTIMIZATION FRAC MODELLING OUTPUT EXAMPLE Designed based on resource, stratigraphy, and stress profiles Optimized for maximum reservoir contact and stimulation while minimizing impacts on offset wells and…
FIELD DEVELOPMENT PLAN OPTIMIZATION Parent well HM and Critical Input and Evaluation Steps: production forecast Parent-child production forecast and depletion analysis with optimized completion design Well landing / configuration…
OVERALL PROGRAM OPTIMIZATION MAXIMIZING RECOVERY WHILE PRESERVING ECONOMIC INVENTORY OPTIMIZED PROGRAM DEVELOPMENT SIGNIFICANT ADVANTAGES ACHIEVED Intra-well Communication Management Lower well costs Plan development to optimize…
MULTI-YEAR INVENTORY DEVELOPMENT OUTLOOK PRIMARY ZONE INVENTORY OVERVIEW DEVELOPMENT STRATEGY Primary zone inventory limited to delineated zones in active development Over 1,100 risked locations with breakeven economics at 40/Bbl or…
SUMMARY Repeatable and reliable asset development requires accurate and robust data management alongside a highly iterative, multi-disciplinary evaluation and planning process A deeper understanding of the geology and reservoir…