DISCUSSION
..
JAMES A . LEWIS ENGINEERING, INC. Petroleum Reservoir Anafysts
REPUBLIC NATIONAL BANK BUILDING
DALLAS I , TEXAS
April 26, 1957
Mr. V. O . Sims, Vice President Felmont Oil Corporation P. O. Box 602 Owensboro, Kentucky
Dear Mr. Sims:
...
A detailed engineering study has been made of the Columbus formation, Rodney field, Elgin County, Ontario, Canada, to analyze the future primary field performance and to determine the feasibility and desirability of instituting a field-wide water injection program to increase ultimate oil recovery. The area studied for this report include s the productive acreage of the Rodney field lying north of the center line of Concession VI.
As of March 1, 1957 remaining gross primary oil reserves to be produced from the portion of the Rodney field covered in this study were 2, 303 , 226 barrels to be recovered in 65 years .
Under a field-wide five-spot water injection program, the field gross oil reserves as of March 1, 1957 were calculated to be 5,758,036 barrels to be recovered in 15 years. This represents an increase in oil recovery of 3,454, 810 barrels over that to be anticipated from primary depletion.
Capital investments for injection wells, producing wells, water injection plant and water supply wells are estimated to be $403,883.
It has been a privilege to perform this study for you and we will be pleased to review any part of our work with you as desired.
Very truly yours,
JAMES A. LEWIS ENGINEERING, Inc.
~& James A. Lewis
JAL/mh
· .
TABLE OF CONTENTS
Page No .
INTRODUC TION
, Hi s tor y of Deve lopme nt - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1
BASIC DATA Production History - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3 Well Tests -------- -- ------------------------------ 3 Solution Gas Analysis ------------------------------- 4 Produced Water Analyses---------------------------- 4 Water Analysis - Glacial Drift ----------------------- 5 Reservoir Pressure Data ---------------------------- 5 Reservoir Temperature ----------------------------- 6 Core Analyses -------------------------------------- 6 Permeability and Capacity Distribution ---------------- 8 Water Cut - Recovery Relationship -------------------- 8 Interstitial Water Saturation -------------------------- 9 Flood Tests ----------------------------------------- 10 Reservoir Fluid Data -------------------------------- 11
GEOLOGY Ge ne r al - - - - - - - - - - - - - - - - - - - - - - - - - - .- - - - - - - - - - - - - - - - - - 12 Gross Oil Sand Thickness --------.~ -.------------------ 13 Net Oil Sand Thickness ------ -.- ------- - - ... - - ---.- - -- -- - 13 Oil-Water Contact ---------------------------------- 13 Reservoir Dimensions ------ - ------------------------ 14
RESER YES AND PERFORMANCE Primary Depletion - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15 Water Injection Program ----------------------------- 15 Anomalous Well Performance ------------------------- 17
WATER INJECTION PLANT AND DISTRIBUTION SYSTEM Plant De sign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 19 Water Distribution System ---------------------------- 21 Injection and Producing Wells ------------------------- 22
CONCL USIONS - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24
RECOMMENDA TIONS - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 25
· . r ....
'.
INTRODUC TION
The Rodney field is located in the southwestern part of Aldborough Town
ship, Elgin County, Ontario , Canada, approximately three miles north
west of the town of Rodney. The field is about midway between Lake Erie
to the south and the Thames River to the north.
The oil productive area analyzed in this study covers all or part of Lots
4, 5 and 6, Concessions IV, V and VI. One hundred twenty-one producing
oil wells and numerous surrounding dry holes have been drilled and com
pleted as of April 1 , 1957
History of Development The discovery well in the Rodney
field was completed by James Beattie
of Glencoe during 1949 in the Columbus formation at a depth of approximate-
ly 400 feet . Limited developmental drilling proceeded during the next
three year s but it was not until 1953 that the major development phase be
gan . During 1953, forty producing oil wells were completed in the area
being studied. The producing wells completed by lease by operator during
a given year are shown in Table 2 . The rate of development is graphically
presented on Figure 6. The annual field production through 1955 , as con-
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....
tained in the Second Annual Report of the Ontario Fuel Board (1955), includ
ing both the area analyzed and a somewhat smaller producing area to the
southwest , was as follows :
Year Annual Oil Production, Barrels
1949 1,147
1950 1,546
1951 4 , 050
1952 12,043
1953 126,400
1954 240 , 252
1955 354 , 903
TOTAL 740 , 341
Cumulative oil production from the leases studied for this report is esti
mated to have been 517 , 700 barrels to the end of 1955 .
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.. .. >"
BASIC DATA
Production History Oil production statistics for the
Felmont Oil Corporation leases ln
the Rodney field, and a composite summary, are presented in Table 1 and
graphically presented in Figures 7 through 12 . Cumulative oil production
from the portion of the Rodney field studied for this report is estimated
to have been 880 , 694 barrels as of March 1 , 1957 .
Well Tests Individual well tests were run dur-
ing March 1957 on fifty of the fi£ty
two oil wells operated by the Felmont Oil Corporation. Oil production rates
ranged between 1 . 64 barrels per day and 34 . 20 barrels per day with an
ave rage of 6 . 80 barrels per day per well for those wells tested .
Gas production was measured on nine wells . Gas-oil ratios ranged between
40 and 317 cubic feet per barrel with a weighted average of 93 . 3 cubic feet
per barrel.
Water production in appreciable quantities was measured during only five
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" '" '.
well tests . The water-cuts ranged between zero or a trace to as much as
88. 1 per cent for the Angus Braddon No . 2 well. These well test data are
presented in Table 3.
Solution Gas Analysis Gas sample s , collected from the
Felmont Oil Corporation A . C .
Gillies No. 16 well and the John McMillan No. 17 well, were analyzed
for hydrocarbon composition and gravity. The results of this analysis for
the sample from the A. C . Gillies No . 16 well and the measured specific
gravities for the two samples are contained in Table 17.
Produced Water Analyses Produced water samples from
Felmont Oil Corporation's John
McMillan No.8, John McMillan No. 16 and J . Braddon No . 10 wells have
been collected and analyzed. The results of these laboratory tests are
presented in Table 15. The analyses of the samples from the John
McMillan No . 16 and J. Braddon No . 8 wells showed these two waters to
be practically identical in composition and have been considered as repre
sentative of the reservoir water , whereas the analysis of the sample from
the John McMillan No. 8 well showed a ten-fold greater dissolved solid con
tent, indicating that the water production was coming from a separate
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". J ...
source. The apparent anamolous completion and production history of
this well are discussed elsewhere in this report.
The hydrogen sulfide content in the produced water will create a corrosive
condition during an injection program and consideration should be given to
the use of cement lined pipe to counteract this .
Water Analysis - Glacial Drift During the drilling of the John McMillan
No. 8 well, a water sample from the
glacial drift, at approximately 240 feet subsurface, the most probable water
supply source for water injection, was collected and analyzed. The results
of this analysis are shown in Table 16 . No particular treatment problems
are anticipated in the use of this water for injection.
If this potential water supply source should prove inadequate, either sur
face waters or water from Lake Erie, approximately five miles away,
could be used.
Reservoir Pressure Data A comprehensive field survey, using
an acoustical well sounder , was made
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· . ....
of Felmont Oil Corporation producing wells to determine the current reser-
voir pressure . Based on this survey, the average reservoir pressure is
estimated to be 53 psig at a subsea datum of plus 300 feet . Measured fluid
levels indicated a range of pressures from 9 psig to 126 psig. Pertinent
data from the pressure survey are presented in Table 4.
Original reservoir pressure is estimated to have been 170 psig at a subsea
datum of plus 300 feet, based on a hydrostatic head of 0.434 pounds per
square inch per foot of depth.
Reservoir Temperature
of approximately 400 feet.
Reservoir temperature is estimated
to be 63 0 F at the producing depth
C ore Analyse s Complete core analyses were avail
able on 28 wells operated by Felmont
Oil Corporation and seven wells operated by Dominion Natural Gas , The
porosity , permeability and fluid saturation measurements from these ana
lyses were subjected to statistical analysis. From 532 samples, the
weighted average porosity was calculated to be 19 . 2 per cent, ranging
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· .. . .....
between 33 . 4 and 5 . 2 per cent . Figure 5 is a map showing the areal dis
tribution of weighted average porosities by well and by lease .
The weighted average permeability, using all samples with measured per
meability of five millidarcys or greater was 424 . 3 millidarcys . The range
of permeabilities measured and considered as contributing to oil production
was from 5 . 2 millidarcys to 11 darcys .
The five millidarcy cut-off was selected in consideration that 99 . 88 per cent
of the reservoir capacity is represented by samples having this permeability
or greater . Of the samples analyzed having permeability in excess of one
millidarcy, 86 . 6 per cent have permeabilities greater than five millidarcys .
The relationship between measured permeability and fractional reservoir
capacity is shown on Figure 15 . Figure 16 is a plot of the measured per
rneabil i ty a s a functi o n o f the fractional thickness analyzed with permeability
i n excess of one millidarcy .
Core data are summarized by wells in Table 5 .
-7-
Permeability and Capacity Distribution
· .
Permeability and capacity distribu-
tion relationships were calculated
for the A . C . Gillies lease and for the remainder of the field . After re-
viewing the individual well core analyses, the apparent concentration of
correlative, highly permeable formation in the A . C. Gillies Nos . 13 , 14
and 15 wells, prompted the decision to consider this lease as being suffi-
ciently different to warrant completely independent analysis .
The permeability-capacity distribution relationship for the remainder of
the field was calculated from all samples having permeabilities in excess
of five millidarcys , excluding the three wells enumerated above , while the
relationship for the A . C . Gillies lease incorporates those data as well.
The results of these calculations are presented in Table 11 and graphically
shown as Figures 17 and 18 .
Water Cut-Recovery Relationship Water cut-recovery relationships
were calculated for the A . C . Gillies
lease and the remainder of the field based on the permeability-capacity
distributions, the laboratory derived permeability ratio , Krw/Kro, the oil-
-8-
· .
water viscosity ratio, residual oil saturation after flood, and the estimated
formation volume factor . The results of these calculations are presented
in Tables 12 and 13 and shown on Figures 19 and 20.
Interstitial Water Saturation Volumetrically weighted average inter-
stitial or connate water saturation
has been determined from laboratory studies and oil base core data to be
6. 33 per cent of the pore space.
Production research measurements were made on six samples , ranging in
pe rmeability from 107 to 1070 millidarcys , to determine the relationship
between capillary pressure and water saturation. From these data , incor
porating the relative densities of the crude oil and the interstitial water,
the connate water saturation, as a function of the height above the water
table, was calculated. The results of these tests are presented in Tables
8 a nd 9 and graphically shown on Figures 13 and 14 .
Nineteen wells were either totally or partially cored , using lease crude,
and fluid saturations were measured during laboratory analysis . Average
water saturations in the oil productive sections ranged from 3 , 69 to 10 . 77
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· .
per cent with a weighted average of 6 . 32 per cent . These data are present
ed in Table 10 and have been superimposed on the laboratory derived curve
relating connate water saturation as a function of the height above the water
table , Figure 14 .
Flood Tests Restored state laborator y flood tests
were performed on eleven samples ,
ranging in air permeability from 107 to 2,090 millidarcys . Specific per
meability to water , relative permeability to water at residual oil saturation,
and residual oil saturation after flood were determined.
The residual oil saturation after flood was found to be 23. 2 per cent of pore
space. Relative permeability to water at residual oil saturation was deter
mined to be 37 . 3 per cent of the specific permeability to water .
In addition , flooding tests using natural cores were performed on 18 samples
from the John McMillan No . 17 well and nine samples from the John McMillan
No . 18 well . Average residual oil saturations after flooding were found to
be 26 . 0 and 29 . 4 per cent of the pore space for the John McMillan No . 17
and No . 18 wells , respectively .
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· .
Water flood test data are contained in Tables l4a, 14b and 14c. Figure 21
is a plot of the air permeability as a function of the residual oil saturation
after flooding, while Figure 22 is a comparable plot relating porosity to the
residual oil saturation. While these data are somewhat scattered, an aver
age curve for both graphs indicates a residual oil saturation of approximate
ly 23 per cent for the field-wide average permeability and porosity of 424 . 3
millidarcys and 19 . 2 per cent, re spectively.
Reservoir Fluid Data No reservoir fluid analysis was avail
able for the crude oil produced from
the Rodney field. Based on the reservoir temperature of 630 F, measured
average gas-oil ratio of 93 cubic feet per barrel , and the crude gravity of
380 API, the original formation volume factor is estimated from empirically
derived relationships to have been 1 . 05 . Oil viscosity measurements at
reservoir temperature have ranged between 6 . 1 and an extrapolated value of
7 . 1 centipoise . An average value of 6 . 6 centipoise has been used for calcu
lation purposes .
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· .
GEOLOGY
General The oil productive reservoir in the
Rodney field has been clas sified as
the Columbus formation, Middle Devonian of Upper Onondoga age . This
horizon overlies the Detroit River group disconformably, according to B . V .
Sanford, Geologist with the Geological Survey of Canada, who discussed the
Rodney oil field in the Second Annual Report of the Ontario Fuel Board (1955) .
The productive zone within the Columbus formation is described as consist
ing of medium to coar sely crystalline dolomite with rounded and frosted sand
grains. Laboratory tests of two core samples, using hydrochloric acid ,
showed a loss in weight of 68 and 87 per cent after treatment .
Structurally, the Rodney oil field is an elongated anticline trending es sen
tially north- south in the area studied . Development in the field has indicated
a productive length of 1 . 8 miles and a productive width of 0 . 85 miles . The
structurally highest well in the field, the Felmont Oil Corporation John
McMillan No . 17 well , encountered the top of the Columbus porosity and per
meability at a subsurface depth of 355 feet or 337 feet above sea level. The
structural configuration of the oil producing horizon, contoured on the top and
base of the pay, is shown on Figures 1 and 2 .
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. . !.
Gross Oil Sand Thickness The gross oil sand thickness as deter
mined from core analyses, detailed
sample descriptions , and published reports are tabulated in Table 7 and an
isopachous map is presented as Figure 3 . Gross oil sand thickness ranged
from zero to 30 feet with this maximum of 30 feet being found in the Jim
Beattie N. D. McMillan No. 3 well.
Net Oil Sand Thickness Net oil sand thicknesses were deter-
mined for those wells having complete
core analyses and detailed sample descriptions. The ratio of net thickness
to gross thickness for these wells was calculated to be 0.918 . The assump
tion was made that this same relationship would be applicable to those
wells on which neither core analyses nor detailed sample descriptions were
available .
The net oil sand thicknesses are presented in Table 7 . An isopachous map
of the net oil sand is shown on Figure 4 . The net sand thicknesses ranged
from zero to 28 feet, with a volumetrically weighted average of 13 . 4 feet .
Oil- Water Contact Limited data were available for the
determination of the original oil-
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· .
water contact . Core analyses of the Felmont Oil Corporation A. Braddon
No. 1 and No . 2 wells indicated an oil-water contact, or transition zone, at
plus 275 feet and plus 286 feet, respectively. Well completions in other
parts of the field, however, would indicate the oil-water contact to be some
what lower, with some evidence of a contact at plus 272 feet on the east
side of the field . On the west side of the field the oil-water contact was
placed at plus 270 feet, the base of the pay in the N. D. McMillan No . 3 welL
Reservoir Dimensions The productive area of the portion
of the Rodney field studied, as found
by planimetering Figure 4, covers 1, 020.46 acres . The reservoir volume
underlying this area contains 13,691.75 acre-feet. Original stock tank
oil-in-place is calculated to have been 18,756,020 barrels . Productive
area, reservoir volume, and original oil-in-place by lease are presented
in Table 6.
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:a
RESER YES AND PERFORMANCE
Primary Depletion From the net oil sand isopachous
map the original oil productive re ser
voir volume has been calculated to have been 13, 691 . 75 acre - feet, contain-
ing 18, 756, 020 barrels of stock tank oil.
From lease performance curves and volumetric determinations , the re-
maining total field oil reserves to be recovered after March 1, 1957 have
been estimated to be 2,303,226 barrels. The predicted future field per
formance under primary depletion is presented in Table 18 and shown on
Figure 23 . Ultimate primary oil recovery is calculated to be approximately
17 per cent of the original oil-in-place, or 233 barrels per acre -fooL The
recovery mechanism will be predominantly solution gas drive with limited
edge water encroachment and minor segregation drive.
Under the primary depletion performance analysis the assumption has
been made that no additional wells will be drilled.
Water Injection Program Based on the permeability-capacity
distribution curves and the derived
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water cut - recovery relationships, the future field oil reserves as of
March 1, 1957 to be produced under a five-spot water flood program have
been calculated to be 5,758,036 barrels, recoverable in 15 years . The
assumption has been made that full- scale injection will commence October 1 ,
1957. Ultimate oil recovery after water injection will be 35.4 per cent of
original stock tank oil content or 485 barrels per acre-foot. Field per
formance under a five-spot water injection program has been based on an
initial injection rate of 60 BWPD per injection well , or a total of 4,800
B WPD for the field. This will require approximately 100 psig surface in
jection pressure .
The oil production rate has been maintained constant by increased rates of
water injection and fluid withdrawal until maximum calculated injectivity
of 140 BWPD per injection well with 300 psig surface pressure has been
reached . From this point on the oil rate decline s as the water increase s.
Surface injection pressures of 300 psig are being successfully used on other
neighboring fields with no apparent over-burden lifting .
The predicted field performance under a water injection program is shown
in Table 19 and graphically presented on Figure 24.
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· ,
Anomalous Well Performance During the development of the
Rodney field anomalous completion
and production behaviors were noted for several wells . Perhaps the most
outstanding of these has been the Felmont Oil Corporation John McMillan
No. 8 well which encountered a crevice approximately 1.5 feet below the
main pay and has exhibited a performance which indicates that production
is coming from a separate source . The crude oil viscosity averages
approximately one centipoise greater than the viscosity of the oil produced
from wells with normal behavior. The produced water analysis revealed
a ten-fold difference in the dissolved solids, further substantiating the
supposition that production is from a separate reservoir accumulation .
During the recent well tests the McMillan No. 8 well produced 34 . 2 bar-
rels of oil per day, more than five times the average well and approximately
three times the second most prolific well. No difficulty is anticipated in
shutting off this lower horizon and converting the well to injection for the
proposed water flood program.
Other wells have produced oil and water at high rates but with one known
exception, these wells were initially completed in small productive inter
vals considerably above the main pay. After depleting what performed
as a small oil accumulation in a fractut"ed zone, the wells have been
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t J "
subsequently completed in the main pay as normal wells .
Completion data are not available on wells operated by operators other
than Felmont Oil Corporation but it is considered logical to assume that
the reservoir conditions existing on offset leases will closely approximate
that found underlying Felmont Oil Corporation leases .
During the analyses of the numerous cores from the Felmont Oil Corporation
wells in Rodney, no evidence of any fracturing in the main pay was noted ,
All notations of crevices and fissures from the drillers log place them
sufficiently above the reservoir to be water flooded so that no unusual diffi
culty should be encountered.
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• I ••
WATER INJECTION PLANT AND DISTRIBUTION SYSTEM
Plant Design Included in this report as Table 20
is an estimate of development costs
for the water flood program and Figure 26 is a proposed water distribu-
tion system.
The cost estimates are for an injection plant with a capacity of 5,280 bar
rels per day at a discharge pressure of 200 psi. It was assumed that the
water would be handled in a closed system and no costs are included for a
complete treatment system.
Water analysis has been performed on four produced water samples obtain
ed from the wells listed below:
1 . John McMillan No . 16
2 . John Braddon No. 10
3 . John McMillan No. 8
4 . E , J . MacMillan No . 6
Wells No . 1 and 2 above had an average total solids content of 2 , 056 parts
-19-
pe r million and hydrogen sulfide content of 25. 5 parts per million. Theore
tical calculations on the constituents of the se two samples indicated they are
stable when maintained in a completely air free system, and that no plugging
of injection well sand should occur .
The mineral analysis of samples 3 and 4 showed a much higher total mineral
concentration and pattern of individual constituents . Total solids ranged from
24,652 to 32,522 parts per million and hydrogen sulfide from a trace to 444
parts per million. In addition, these samples were very unstable insofar as
their calcium carbonate content is concerned. It is thought that the water
from these two wells was from an extraneous source and is not representa
tive of formation water but this conclusion should be substantiated before
making any definite decision of the type of treating system to be employed .
If this type of water will require handling, complete treatment will be
necessary since it is certain that calcium carbonate precipitation and scal
ing would occur . In this respect there was a considerable quantity of this
precipitate formed in the sampling jars when they were received for analysis
at the laboratory .
In the plant cost estimates, it will be noted that a building of 36' x 40' x 18'
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was included. This size was specified in order to house water storage tanks
as a precaution against freezing in the severe winter weather and also to
allow for a future installation of additional filtering and pumping equipment
in the event that injection rates greater than calculated are possible . With
the added facilities, it would be possible to increase injection rates during
high water cut operating periods with a resulting extension of the economic
limit and ultimate oil recovery from the water flood program .
Water Distribution System The proposed distribution system,
shown as Figure 26 , provides for
13 meter stations in addition to 7 wells being metered directly from the in-
jection plant . This system was utilized in estimating installation costs even
though the pipe and ditching required are more than for a system in which
water meters are located at individual wells . It was thought that from an
operational and field labor cost standpoint, this system would more than
pay for itself over a period of years since the physical limitation involved
in reading 80 water meters at 80 wells as opposed to reading these meters
at 13 locations is apparent.
In addition, the hydrogen sulfide content of produced water dictated the use
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· . ',..
of cement lined pipe for the distribution system. This type of line would be
desirable whether or not the sulfide content is removed from the water
prior to injection since under a complete treatment process an aeriated brine
water would result that is also highly corrosive . Ditching and line laying
costs were estimated at $1. 00 per foot since it will be neces sary to place
them below frost depths. The cost of this operation alone wruld dictate the
use of cement lined pipe since the cost of the pipe is considerably les s than
the cost of placing it in the ground and any replacement during the life of
the flood as a result of corrosion would be expensive . The system as de
signed will supply water to all wells at a very even pressure loss , elevation
losses excluded. The maximum pressure loss calculated to a well head is
25 psi.
The cement lined pipe and fitting costs shown in Table 20 are based on
Jones and Laughlin Steel Company mill prices for this product. As is per
haps known, this company offers this lining service from their mills,
which should be relatively close to these Canadian operations .
Injection and Producing Wells For the same reasons that cement
lined distribution pipe is specified,
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• t I ,
it is recommended that injection into the wells be performed through cement
lined tubing set on packers. New cement lined tubing was included in the
cost estimates for this under Item III of Table 20 .
It will be noted under Item VII of Table 20 that the cost of plugging off pat
tern wells is included in the overall estimates . No consideration has been
given to salvage value of the equipment which will be removed from these
wells , nor has any consideration been given to production tubing which will
be removed from wells converted to injection and replaced by cement lined
tubing . These items , plus any surplus pumping units, will all have a cer
tain salvage value which will deduct from the total cost figure . In the ab
sence of any knowledge of these values , however, they were not considered
in this report .
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.. . .. ' . . ..
CONCLUSIONS
From. this study of the Colum.bus form.ation in the Rodney field, it has been
concluded that:
1 . Ultim.ate oil recovery can be m.easurably increased by water
injection.
2 . Com.plete cooperation am.ong operators or field-wide unitiza
tion will be required before such a program. can be initiated.
3 . Future oil reserves to the field under prim.ary depletion, after
March 1, 1957, are 2, 303, 226 barrels to be recovered in 65 years .
4 . Under a full-scale five-spot water injection program., the
future oil reserves to the field after March 1, 1957 are 5,758,036
barrels to be recovered in 15 years, an increase of 3,454, 810
barrels over that remaining under primary depletion.
5 . Capital investm.ent necessary to develop the water injection
program. is $403 , 883 .
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. . .
6 . Injection wells should be cased and cemented at top of pay.
RECOMMENDATIONS
1 . Initiate field-wide water injection operations in the Columbus
formation after either unitizing the field , which would be highly desirable ,
or securing cooperative agreements among the various operators . Per-
mission to institute this program should be obtained from the Ontario Fuel
Board.
2. During the development of the water-injection program , all
oil wells converted to injection wells and all wells specifically drilled for
this purpose should be cased to the top of the pay and adequately cemented.
This will require supplemental casing strings in some wells .
3 . Accurate records of injection volumes, pressures and production ,
including oil and water, should be maintained .
Respectfully submitted,
_~E/~ Keith D. Sheppard
KDS/mh
-25-
TABLES
Table No .
1 2 3 4 5 6 7 8
9 10 11 12 13
14a 14b 14c 15 16 17 18 19 20
LIST OF TABLES
Title
Production History Tabulation - Felmont Oil Corporation Producing Well Development Rate Well Test Data Reservoir Pressure Data Core Analysis Summary Productive Area and Reservoir Volumes Gross and Net Oil Sand Capillary Pressure - Water Saturation Data Calculated Connate Water Connate Water Saturation from Core Analyses Permeability and Capacity Distribution Water Cut - Recovery Relationship - Fractional Recove ry Water Cut - Recovery Relationship - Barrels Per AcreFoot Water Flood Data - Re stored State Water Flood Data - John McMillan No. 17 Water Flood Data - John McMillan No . 18 Produced Water Analyses Water Analysis - Glacia l Drift Gas Analysis - A . C . Gillies No . 16 Predicted Field Performance - Primary Depletion Predicted Field Performa nce - Water Flood Program Development Cost Estimate - Water Injection System
A. BRADDON LEASE
~ r------o-,-,-----.
U •• 'LO J..:.- ~:::..:":::'::... -l--"-"-"-' --I ! :; *n U :~
I '0 H8 lI8 HE M8
I~ IU
-j-----
I -, -, I-- - l--------HJ.I--+---
-;n -Hl ~- H
IV H 12 _~ .!
I ~4
I-I~-. ,. 5 ,4 6 5. 7 ~.
$i-i IH~ 12 "4
----- - - ---~
-j------
_-=+=m~
-1-=--=r=- -- 1-- - -
A. C. GILLIES L EASE
Table I
PRODUCTION HISTORY TABULATION
F e lmont Oil Corporati on
RODNEY FIELD
Elg i n Count y. Onta rio, Canada
J. D. GRAHAM LEASE
E. J. Ma c MILLAN LEASE
JOHN McMILLAN LEASE
TOTAL
. ,S.l"
f-.---':J~----4~. ~ f-. __ -4l~ ___ 7' 668 mn-... . .
12 4)2
T able 2
PRODUCING WELL DEVELOPMENT RATE
RODNEY FIELD
Elgin County, Ontario , Canada
Produc in~ Wells Drille d Ope rator and Lease 1949 19 50 1951 19 52 1953 1954 1955 19 56 1957 (3 Mos . ) Total
F elmont Oil Corporation
A . Braddon 1 A . C . Gillies 16 Graham 8 Mac Millan 3 9 J. Mc Millan 4 6 18
John Beattie
Sabjan 12
Jim Beatti e
J. Braddon 14 F. Wright 6 Co lthart N. D. Mc Millan
Dom inion Natural Gas Co .
Purce ll 8 Rubi 6
Comfort
Tunks 4
New Bristol
A. McC allum
TOTAL 40 20 24 20 4 121
•
Table 3
WELL TEST DATA
RODNEY FIELD
Elgin County, Ontario, Canada
Oil Production Gas Production Gas-Oil Ratio Water Production Water Cut Operator, Lease and Well No. Barrels Eer Dal: Cubic it. 1Da'i.. Cubic it. / Bbl. Barre ls Eer Da~ Pe r Cent
FELMONT OIL CORPORA TION
A . Braddon No. 100 No. 5.80 43. 1 88.1
A. C. Gillies No. 5.09 No. 7.2 3. 33. No. 4.75 0 0
No. 4 6 . 43 No. 6 . 56 No. 6 . 00 No . 8.40 No. 8 . 00 Tr. No. 5 . 80 0 No.10 2.02 0 No . l1 2.03 644 317 No.12 2.80 N o.13 11.40 456 40 No.14 6.20 No.15 9.93 789 79 No. 16 10.32 1, 115 108 0.58 5.3
J. D . Graham No . Z. 62 No . 4 . 05 Tr . No. 7.52 Tr. No. 4 3.68 10.80 74.6 No. 3.55 No. 3.78 644 170 No . 11.52 0 No. 5.99 .04 0 . 6
E. J . MacMillan No . 2 .20 Tr. No. 4.19 Tr. No. 3 . 50 Tr. No. 4 1. 64 0 No. 3.73 No. 5.00 Tr. No . 6. 16 789 128 0 No. 9.92
J . McMillan No. I 5 . 27 No. 3. 55 No. 3 . 18 No. 4.94 TSTM Nil Tr. No. 1. 69 0 No . 5.45 Tr. No. 6.91 T r . No . 34.20 1 , 582 46 1. 71 4 . 73 No . 8. 18 Tr . No . 10 8 . 54 644 73 Tr . No . II 4 . 37 0 No . 12 8 . 83 Tr. No.13 11.45 Tr. No.14 8.21 0 No.15 5.78 Tr . No . 16 13.57 Tr. No .17 11 .5 2 2,470 214 Tr. No. 18 13 .99 Tr.
Note: T r. denotes trac e of water. TSTM - Too sTnall to measure. Average gas - o il ratio for wells tested - 93.3 cubic feet per bar re l
Table 4
RESER VOIR PRESSURE DATA
Columbus Formation
RODNEY FIELD
Elgin County, Ontario , Canada
FELMONT OIL CORPORATION
Reservoir Pressure @ I 300 Ft . Datum Lease and Well Number PSIG
A . Braddon No . 1 N . T. No . 2 44
A. C. Gillie s No. 1 N . T . No . 2 10 No . 3 126 No . 4 126 No . 5 38 No . 6 29 No . 7 126 No . 8 126 No . 9 60 No . 10 72 No . ·11 27 No . 12 44 No . 13 29 No . 14 29 No. 15 18 No . 16 34
J. D . Graham No . 1 42 No . 2 N . T . No . 3 25 No . 4 49 No . 5 21 No . 6 14 No . 7 41 No . 8 26
Lease and Well Number
E . J . MacMillan No . 1 No . 2 No . 3 No . 4 No. 5 No . 6 No . 7 No . 8 No . 9 No . 10
John McMillan No . 1 No . 2 No . 3 No . 4 No . 5 No . 6 No . 7 No . 8 No . 9 No . 10 No . II No . 12 No . 13 No . 14 No . 15 No . 16 No . 17 No . 18
Arithmetic Average
N . T . - Not Tested Oil gradient - O. 32 psi/ft . Water gradient - 0 . 43 psi/ft.
Table 4
( Continued)
Reservoir Pressure @ I 300 Ft . Datum PSIG
N. T . N. T .
26 74 20
9 9
33 36 60
126 22
106 118
18 124
55 63
107 126
29 37 45 51 18 48 58 29
53
Wells tested during week of April 15 , 1957
Table 5
CORE ANALYSIS SUMMAR Y
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Oil Saturat i on, Water Saturation Lease and Well No . Feet Analyzed Permeability , Md. Porosity. Per Cent Per Cent Per Cent
Felmont Oil Coq~oration
Angus Braddon No . 17 263.9 18 . 6 36 . I 23.2 No. 19 296.6 17 . 9 48. 3 I!. 6
Annie C . Gillies No. 13 13 2,046 . 4 26 . 9 57 . I 3. 7 No. 14 12 1,199.0 21. 0 54 . 5 5.8 No. I S 15 915.9 23.6 56 . 5 4 . I No. 16 18 665.9 24 . I 57.3 5.8
J. D . Graham No. 17 78 . 4 15 . I 47.3 8. 3 No . 14 137 . 6 14. 7 35. I 10. 3 No. 19 518 . I 21. 2 35 . 8 19 . I No . 17 357.4 15.9 37 . 4 16.4
E. J. MacMillan No. IS 187. 5 16.9 40.9 9 . 7 No. 4 I I 189.7 16 . 9 63.2 14.9 No. 9 280.4 15.5 54 . 7 b . I No . 13 169.1 14.9 43. I 10. 1 No. 11 173 . 4 lb. 5 41. 3 15.0 No. 8 14 224 . 5 17.8 37.2 10.6 No. 9 17 205.9 18 . 8 38.4 14.6
John A. McMillan No. 8 18 230 . 3 20.6 49.8 6 . 4 No . 9 20 301. 8 23.9 56.7 5. 6 No . 10 23 328 . I 21. 4 49.2 3. 8 No . I I IS 166 . 4 16.8 47. I 8.0 No. 12 15 285.8 18 . 8 51. 0 5. 2 No. 13 19 483.4 15. 1 43 . I 6. 1 No. 14 19 397 . 2 18.6 49.5 10.1 No. 15 19 183.8 18.4 49.5 3. 8 No. 16 20 334.6 20. 3 53.0 7.6 No. 17 20 236.4 17.4 39.6 14 . 2 No. 18 20 285.2 18 . 7 59.5 5.8
D o minion Natural Gas
F. G . Purcell No . 10 483.5 21. 1 No. 12 776 . 7 22.5 No. Z 22. 3 7. 7 No . 15 937.5 19 . 5 No. 11 708. 3 18 . 9
J . Rubi No. 13 477 . 3 2 1. 4 No . 1,056.4 25.4
Ave rage 424 . 3 19.2
Table 6
PRODUCTIVE AREA AND RESERVOIR VOLUMES
RODNEY FIELD
Elgin County, Ontario, Canada
Original Stock Tank Productive Reservoir Volume Oil In Place,
Operator Lease Area-Acres Acre-Feet Barrels
Felmont Oil A. Braddon 25.25 226 . 26 273,840 Corporation
A. C. Gillie s 109 . 45 1,523.60 2,577,470
J. D. Graham 78.91 994.21 1,163,230
E. J . MacMillan 82.47 1,051.23 1,218,170
J. McMillan 151. 86 2,574.65 3,458,S30
Sub-Total 447.94 6,369.95 8,691,240
John Beattie S. Sabjan 54.47 818.41 1,121,140
Jim Beattie J. Braddon 107 . 72 1,852.86 2,538,230
Colthart 36.84 417 . 08 571,360
N. D. McMillan 132. 52 1,825.28 2,500,450
F. Wright 44.99 530.98 727, 390
Sub-Total 322.07 4,626.20 6,337,430
Comfort Tunks 23 . 47 325.93 446,490
Dominion Natural Gas F. G. Purcell 45.22 616.09 837,880
J. Rubi 44.76 284.97 431,130
Sub- Total 89.98 901. 06 1,269,010
New Bristol A. McCallum 82.53 650.20 890,710
TOTAL 1,020.46 13,691.75 18,756,020
F elman! Oil Corporation
Jim Beattie
Leas e and We ll Number
A. Braddon
A. C . Gilli~ a
J. D. Graham
No. No .
No . 1 No. No.3 No . 4 No. No. No. No. No . 9 No . 10 No . 1 1 No. 12 No . 13 No . 14 No . 15 No . 16
No. 1 No.2 No . 3 No .
No . No. No. No.
E. J. Mac Millan No . I No . No. No. No. No . No . No. No.
J . McMillan No.1 No.2 No.3 No . No. No . No. No . No. No. 10 No. 11 No. 12 No. 13 No. 14 No. 15 No. 16 No . 17 No. 18
N. D. 1I.1cMiILan N o. No. No.3 No . 4 No. No . No . No .
T able 7
GROSS AND NET OIL SAND
Columbus F o r matio n
RO DNE Y FIELD
ElgIn County, Ontario, C1tnada
Gross Sand N e t Sand Thic kness· Ft. ThIckness · Ft.
16
IS IS 18 14 14 IZ 14 13 15 15 1 5 16 13 14 14 IS
17 20 15
21 I S 19 18
IS 20 19 15 10 17 II 16 17
I S 25 19 10 16 I S 19 21 22 23 21 22 19 23 20 21 22 21
14 22 30 25 13 18 I S I S
9 16
18 I S
" 14 14 IZ 14 13 15 15 14 14 1 3 II 14 18
17 I S 15
4 17 14 19 17
16 18 15 II
9 1 3 II 14 17
I S 23 17
S 14 16 14 IS 21 23 15 16 19 19 19 21 20 20
13
20 2S 23 IZ 17 17 I "
Jim Beattie (Cont.
John Beattie
New Bristo l
Comfort
Don1ini o n Natural Gas
!'\OIC' Net s<1nd thi c kness based on \ ore analyses, detail ed s:\Inplc des c r iption, o r average rati o of net to ,c:r oss of 91B determined from wells with analyses or des c r ipt ions.
Lease and Well Number
J. Braddon
Co ltbart
F . Wri gh t
S . Sabjan
A. M cC allum
Tunks
Pur ce ll
J. Rubi
No. No . No. No . N o . No . No .
No. No. q No. 10 No. 11 No. I Z No. 13 No. 14
No. No. No . 3 No.4
No.1 No . l No . 3 No .
N o . No .
No.1 No.
No. No. No. No . 6 No. No. No.9 No. 10 No. II No. 12
No.1 No. No. No. No . No. No.7
N o . I No.2 {\;o. 3 No.4
No.1 No. No . No. No . No. No. No.
No . I No . No . No . No. No. No.7
G ro s s Sand Net Sa nd Thickness· F t. T hickness· Ft.
19 19 17 21 20 17 21 IS 19 19
16 21 19
21 19 20
15 IS 16 17 12 12
16 18 16
16 1 3
17 17 16 19 IS 16 19 17 17 17
15
19 17
19 17 IS
14 17 15
16 II II
15 I S
15 13
Table 8
CAPILLARY PRESSURE - SATURATION DATA
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Sample No. 2450 2451 2452 2453 2454 2491 Average
Air Perm. , Md . 578 578 635 107 1070 860 638
Pressure PSIG Brine Saturation, Per Cent of Pore Space
0 100 . 0 100 . 0 100 . 0 100.0 100 . 0 100 . 0 100 . 0
0 . 5 97 . 8 98.9 98.0 99 . 0 97 . 0 95 . 6 97 . 7
1 87 . 0 9l. 2 92 . 5 96 . 3 79 . 0 96.0 90 . 3
2 25 . 2 3l. 0 37 . 0 71. 5 31. 4 17 . 3 35 . 6
3 15 . 7 2l. 4 25 . 9 47.5 22 . 0 12 . 5 24 . 2
5 8 . 0 16. 0 15 . 7 25 . 1 13 . 8 8 . 9 14 . 6
7 6 . 0 12.4 10 . 5 15 . 0 9 . 0 7. 3 10 . 0
10 4 . 9 9 . 0 7 . 6 9.8 6.5 6 . 2 7.3
15 3. 8 5 . 6 4.7 6 . 8 4. 1 5 . 0 5 . 0
20 3. 1 3. 9 3. 1 5 . 2 3. 0 4 . 4 3. 8
25 2 . 9 3. 0 2. 6 4 . 5 2. 3 4 . 0 3. 2
30 2 . 7 2 . 5 2 . 4 4 . 1 2. 0 3. 8 2.9
Table 9
CALCULATED CONNATE WATER
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Sample No . 2450 2451 2452 2453 2454 2491 Average
Air Perm. , Md 578 578 635 107 1070 860 638
Height Above Water Table Connate Water Saturation, Per Cent of Pore Space
0 57.0 57 . 0 62 . 0 94 . 0 48.0 52 . 0 61. 7
5 22 . 1 28 . 6 33 . 4 65 . 0 28 . 6 19 . 5 32 . 9
10 15 . 2 21. 9 25 . 2 45 . 8 21. 3 12.4 23 . 6
15 11. 0 18.5 20 . 1 34 . 0 17.6 10 . 1 18 . 6
20 8 . 3 26 . 2 16 . 1 26 . 1 14 . 2 9 . 0 16 . 7
30 6 . 1 13. 2 11. 1 15 . 6 9 . 7 7. 7 10 . 6
40 5 . 5 10. 9 9. 1 12 . 0 7 . 7 6 . 8 8 . 7
50 4 . 9 8 . 9 7. 4 9 . 8 6 . 4 6 . 1 7 . 3
60 4 . 4 7. 4 6 . 3 8 . 3 5.4 5 . 9 6 . 3
70 4 . 0 6 . 3 5. 2 7. 3 4 . 7 5. 4 5 . 5
100 3. 2 4 . 1 3. 3 5 . 5 3. 1 4.5 4 . 0
Table 10
CONNA TE WATER SA TURA TION FROM CORE ANALYSES
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Fe1mont Oil Corporation
Productive Average Water Well Feet Analyzed Saturation, Per Cent
A . Braddon No. 1 9 9.54 A . Braddon No . 2 15 10 . 26 A. C. Gillie s No . 13 13 3 . 69 A. C . Gillie s No . 14 11 4 . 64 A. C. Gillie s No. 15 14 3 . 78 A . C . Gillies No . 16 18 5 . 82 J. D . Graham No . 5 11 6 . 30 E. J . MacMillan No . 3 16 8 . 87 E. J. MacMillan No . 4 11 10 . 77 E . J . MacMillan No. 5 9 6 . 07 John McMillan No . 8 18 6 . 38 John McMillan No . 9 21 5 . 33 John McMillan No . 10 23 3 . 82 John McMillan No. 11 15 7 . 99 John McMillan No . 13 16 4 . 14 John McMillan No . 14 19 9.03 John McMillan No . 15 18 4 . 34 John McMillan No . 16 17 6 . 41 John McMillan No . 18 20 5. 85
Weighted Average - 6. 32
Table 11
PERMEABILITY AND CAPACITY DISTRIBUTION
Columbus Formation
RODNEY FIELD , Elgin County, Ontario, Canada
A. C . Gillies Lease Remainder of Field Fractional Dimensionless Fractional Dimensionless Fractional Thickness, h Permeability~ R Capacity, C Permeability, R Capacity, C
0 30.8 0 15.5 0
· 01 8. 6 · 13 7.3 · 10 .02 6.9 · 21 5.8 · 17 . 05 4. 3 .35 4. 2 · 31 .07 3 . 5 .43 3. 6 .39 · 10 2. 7 · 51 2 . 9 .48
· 15 1.9 .63 2. 1 . 59 .20 1.4 · 71 1.6 .68 . 25 1. 1 . 78 1.3 .76 .30 .9 . 84 1.0 . 82 .40 .6 .91 .6 .90 . 50 .3 .95 . 3 . 94 .60 . 2 .97 .2 .97 .70 . 1 .986 . 1 . 98 .80 . 08 . 993 .05 .99 .90 .03 .997 . 02 .995
1. 00 0 1. 00 0 1. 00
·.
Table 12
WATER CUT-RECOVERY RELATIONSHIP
Columbus Formation
RODNE Y FIELD
Elgin County, Ontario, Canada
Water Cut Fractional Recovery of Water Flood Reserves Per Cent A. C . Gillie s Lease Remainder of Field
0 .035 . 075
10 . 135 . 170
20 . 206 . 236
30 . 265 .290
40 . 320 . 342
50 . 380 . 403
60 . 450 . 473
70 . 543 . 562
80 . 660 . 678
90 . 840 . 840
95 1. 000 1 . 000
Table 13
WATER CUT-RECOVERY RELATIONSHIP
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Water Cut Water Flood Recovery - Barrels per Acre-Foot Per Cent A . C. Gillie s Lease Remainder of Field
0 20 35
10 70 88
20 105 120
30 134 144
40 161 168
50 194 191
60 235 220
70 286 257
80 353 305
90 450 380
9 5 534 462
Table 14a
WATER FLOOD DATA
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Specific Permeability Residual Saturations(3) Millidarcys Per cent Pore Space
Sample No. To Air (1) To Brine (2) Oil Water
2450 578 436 20 . 7 79. 3
2451 578 411 24 . 0 76.0
2452 635 490 21. 8 78 . 2
2453 107 53 25.2 74.8
2454 1,070 930 24.4 75.6
2489 1,000 580 22.7 77 . 3
2490 1,410 575 22.9 77. 1
2491 860 450 19 . 5 80.5
2492 1,280 785 25. 0 75 . 0
2493 2,090 960 22 . 7 77 . 3
2494 1,200 650 26 . 2 73.8
Average 983 575 23 . 2 76.8
(1) Corrected for Klinkenberg effect . (2) Brine 5,000 ppm used. (3) After flooding with 50 volumes of water. (4) Permeability to flood water at residual saturations as per cent
of permeability to brine .
Relative Perm. to Water Per cent (4)
30 . 2
21. 9
21. 2
32 . 0
76.6
33 . 1
16.4
77. 1
20 . 2
32. 2
49.2
37 . 3
Table 14b
WATER FLOOD DATA
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Residual Saturation - Per Cent Permeability, Porosity of Pore Volume
Sample No. Millidarcys Per Cent Oil Water
12 120. 18.3 20.8 62. 2 12A 118 . 17 . 5 23 . 4 58 . 8 13 125. 18 . 3 25.7 61. 8 14 236. 16 . 8 30 . 4 57. 1 15 424. 19 . 6 22.0 62 . 3 16 449 . 19.6 22 . 5 60 . 8 16A 222 . 16.4 29.8 64.0 18 738. 21. 1 32.6 62.5 20 25. 17 . 3 27.2 57.2 21 287 . 21. 4 22.0 60 . 3 22 249. 21. 4 17.3 65.0 23 89. 16 . 8 23.2 66 . 1 23A 29 . 12.2 32.8 54.0 24 34. 16.0 25. 0 63.2 24A 65. 15 , 7 27.4 55. 5 25 326. 15.5 26.4 65.1 26 28 . 14.9 34.9 51. 6 27 6.5 14 . 6 24. 7 63. 7
Average 198.4 17 . 4 26. 0 60.6
Samples from Felmont Oil Corporation John McMillan No . 17
Table l4c
WATER FLOOD DATA
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Residual Saturation - Per Cent Permeability, Porosity of Pore Volume
Sample No. Millidarcys Per Cent Oil Water
7 15. 17. 1 34. 5 58.5
10 87. 16. 1 40.4 51. 5
12 155. 24. 3 37.0 56.0
13 810. 23.8 21. 4 58. 0
14 10 . 15.6 26. 3 64 . 1
16 86. 18. 1 20.4 68 . 6
17 106 . IS. 7 21. 4 55 . 2
20 43. 14.4 27.S 59. 7
22 6.6 15 . 0 35. 3 50.6
Average 146.5 IS. 1 29.4 5S . 0
Samples from Fe1mont Oil Corporation John McMillan No. IS
Constituent
Total Solids Sodium Iron Manganese Barium Calcium Magnesium Chloride Bicarbonate Carbonate Sulfate
Hydrogen Sulfide
Table 15
PRODUCED WATER ANALYSES
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Source of Water Samples - Felmont Oil Corporation John McMillan No.8 John McMillan No. 16 J. Braddon No .1 0 Dissolved Solids - ppm
24,652 2,063 2, 049 6,882 574 552
6 6 21 ------ - - - -- - - - --
0 0 0 947 49 56 985 54 52
13 , 829 794 763 909 576 595
0 0 0 1,094 10 10
Dissolved Gases - ppm
444 . 1 27.8 23 . 5
Physical Properties
Specific gravity pH
1. 019 5 . 9
1 . 002 7 . 4
1 , 002 7.4
..
Table 16
WATER ANALYSIS
Glacial Drift
RODNEY FIELD
Elgin County, Ontario, Canada
Constituent
Sodium
Iron
Manganese
Barium
Calcium
Magnesium
Chloride
Bicarbonate
Calcium Carbonate
Sulfate
Silica (Si02)
pH
Dissolved Solids
o
51
27
303
240
40
.28
5
7 . 6
ppm
Table 17
GAS ANAL YSIS
A. C. Gillies No . 16 Well
RODNEY FIELD
Elgin County, Ontario, Canada
Component Mol Per Cent
Nitrogen 23 . 21 Methane 56 . 82 Ethane 10 . 43 Propane 1. 96 Iso-butane 1. 59 N-butane 1. 74 Iso-pentane 1. 02 N-pentane 0 . 48 Hexanes 0 . 33 Heavier O. 64 Carbon Dioxide 1. 78
100 . 00
Experimental Gas Gravity - 0 . 8340 (1)
Orsat Analysis : C02 - 1. 75 Air - 1. 72 H 2S - Nil
G . P. M .
0 . 538 0 . 519 0 . 547 0 . 372 0 . 173 O. 135 O. 295
2 . 579
Calculated gross heating value - 1035 BTU per cubic foot of dry gas at 14 . 7 psia and 60 0 F .
(1) Gas gravity of sample from John McMillan No . 17 Well .
O. 7843
Date
3-1-1957 3-1-1958 3- 1-1959 3-1-1960 3-1-1961 3-1-1962 3-1-1963 3-1-1964 3-1-1965 3-1-1966 3-1-1967 3-1-1968 3-1-1969 3-1-1970 3-1-1971 3-1-1972 3-1-1973 3-1-1974 3-1-1975 3 - 1- 1976 3-1 - 1977 3-1-1982 3-1-1987 3 - 1-1992 3-1-1997 3-1-2002 3-1-2007 3-1-2012 3-1-2017 3 -1-2022
Total
Table 18
PREDIC TED FIELD PERFORMANCE
UNDER PRIMARY DEPLETION
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Cumulative Oil Interval Oil Production, Barrels Production Daily Annual Barrels
880,694 657 239,923 1 , 120,617 508 185,463 1,306,080 418 152,470 1 , 458 , 550 356 129 , 940 1,588,490 309 112 , 848 1,701 , 338 276 100,759 1,802 , 097 247 90,220 1 , 892 , 317 226 82 , 596 1 , 974 , 913 207 75 , 375 2 , 050 , 288 191 69 , 873 2 , 120 , 161 176 64,282 2,184,443 164 59,904 2,244,347 155 56,720 2,301 , 067 147 53,579 2,354 , 646 137 50,160 2,404,806 131 47,737 2 , 452 , 543 125 45 , 508 2,498 , 051 119 43 , 254 2 , 541 , 305 112 40 , 938 2 , 582 , 243 107 38 , 906 2 , 621 , 149
92 167 , 923 2 , 789 , 072 68 124, 035 2 , 913 , 107 53 96 , 609 3 , 009 , 716 37 67 , 507 3 , 077,223 25 46 , 290 3 , 123 , 513 14 25 , 352 3 , 148 , 865
9 16 , 554 3 , 165 , 419 6 11 , 501 3,176 , 920 4 7,000 3, 183, 920
2 , 303 , 226
Date
March 1, 1957 March 1, 1958 March 1, 1959 March 1, 1960 March 1, 1961 March 1, 1962 March 1 , 1963 March 1 , 1964 March 1 , 1965 March 1, 1966 March 1, 1967 March 1 , 1968 March 1 , 1969 March 1, 1970 March 1, 1971 March 1, 1972
Total
Table 19
PREDIC TED FIELD PERFORMANCE UNDER FIVE-SPOT WATER FLOOD
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Oil Production, Bbls. Cumulative Oil Daily Annual Production, Bbls .
880 , 694 602 219,680 1,100 , 374
2,606 951,020 2,051,394 3,172 1 , 157,700 3,209 , 094 2 , 504 913,900 4,122 , 994 1,756 640,900 4 , 763,894 1 , 264 461 , 200 5 , 225 , 094
869 317,100 5 , 542,194 720 262,800 5,804,994 601 219,200 6 , 024 , 194 504 183,800 6,207 , 994 415 151 , 633 6,359 , 627 361 131,870 6 , 491 , 497 222 80 , 928 6 , 572 , 425 144 52 , 705 6 , 625 , 130
37 13,600 6 , 638 , 730
5 , 758 , 036
Table 20
ESTIMATED WATER FLOOD DEVELOPMENT COSTS
RODNEY FIELD
Elgin County, Ontario, Canada
1. Water Distribution System Pipe Requirements: 9000' of 4" T &: C cement lined pipe @ $123. 89/l 00' -
FOB Mill- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ 11, 150 . 10 5300' of 3" T &: C cement lined pipe @ $84 . 12/100' -
FOB Mi 11- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4, 45 8 . 36 4800' of 2" T &: C cement lined pipe @ $43 . 85 /l 00' -
FOB Mill--------------------------------------------- 2,104 . 80 67, 000' of 1 lIT&: C cement lined pipe @ $23. 61 /l 00' -
FOB Mill--------------------------------------------- 15,818 . 70
Total FOB Mill----------- $ 33,531. 96 Add 10% for freight &: handling charges - - - - - - - -- 3,353 . 19
Total @ Field $ 36 , 885 . 15
II. Connections for Meter Station Headers, Risers, Valves &: Meters
6 - 4" cement lined tees @ $7 . 44 each ------------------- $ 80- 2" cement lined tees @ $2. 28 each -------------------1 - 3" cement lined cross @ $6.38 each ------------------6 - 3" cement lined ell @ $3 , 91 each ---------------------20- 2" cement lined ell @ $1. 91 each ---------------------80- 2" x 1" cement lined swages @ $4 . 52 each ------------5 - 4" x 2" cement lined swages @ $6 . 54 each ------------280 - 1" cement lined ells @ $0.86 each -------------------100 - 2" x 6" cement lined nipples @ $1. 25 each ------------80 - 1" Figure 4455 bronze angle Hancock Flo- Control Valve -
@ $ 1 8. 20 e ac h - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -80 - 1" All bronze 500 psi water me ters @ $30. 00 each - - - --80 - 1" All bronze swing check valve @ $8. 00 each - - - - - - - --80 - 1" All bronze gate valves @ $9 . 00 each ---------------
Total ------------------- $
44.64 182. 40
6. 38 23 . 46 38 . 20
361. 60 32. 70
240 . 80 125 . 00
1,456 . 00 2,400.00
640 . 00 720 , 00
6,271.18
Table 20 ( continued)
DEVELOPMENT COSTS
III. Equipment for Injection Wells 80 - I" All bronze gate valves @ $9. 00 ea. ----------------- $ 80 - I" All bronze check valves @ $8.00 ea. ---------------32000' of 2" cement lined tubing for injection string, based
on 80 wells, 400 feet per well @ $43.85/100 ft. -----------80 - Flood type packers for setting with 2" tubing estimated
at $100. 00 each --------------------------------------Miscellaneous connections for well head at $25 . OO/well - - - --
720 . 00 640.00
14,032.00
8,000 . 00 2,000 . 00
Total $ 25,392 . 00
IV. Installation of Distribution Lines 69,225' of ditching, line laying and backfill of ditch, depth
of approximately 5' to be below frost penetration level, estimated at $1. OO/ft . --------------------------------- $ 69,225 . 00
13 meter stations constructed to include neces sary housing and flooring to prevent freezing during winter at $500 . 00 per s t a ti 0 n - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6, 5 00 . 0 0
80 Freeze boxes for installations at injection wells, estimated at $50 . 00 per well , insulation included . ----------------- 4 , 000.00
Total $ 79,725 . 00
V . Water Supply Wells Drill and equip three water supply wells to the Glacial Drift
at 285 feet, estimated cost per well , including pumps @ $4 , OOO/well ------------------ - --------------------- $ 12 , 000 . 00
VI. Water Injection Plant To provide 4 , 800 barrels per day @ maximum pressure of 200
psi:
3" X 4" Triplex Plunger pump, nominally rated at 5,280 barrels per day and 570 psi maximum discharge pressure operating at 420 RPM . Under 200 psi pressure rating , horse power requirements would be 20. Unit equipped complete with Vee belt drive and electric motor ----- -- -------------- - ----- $ 5 , 300 . 00
Table 20 (continued)
Water filtration equipment with a capacity of 5 , 500 barrels per day, complete with filter and backwash pumps---- - ------- $ 3 , 850. 00
Surface water storage for filtered and unfiltered water , 2-500 barrel galvanized tanks equipped with necessary gauge boards, ladders and flanges @ $2,500 each -------,---- - ---------- 5 , 000. 00
Electrification of water flood plant, to include necessary automatic protective devices, controls for electric motors , lighting, etc . ----- - - - - - -------------- - --- - ------------ - -- --- - - - 3 , 000 . 00
Building to house water flood plant, size is estimated at 36 i x 40' x 18 ' , building to be insulated and heated to protect against freezing in severe winter weather. Water storage tanks to be housed inside building, cost @ $5 . 75/sq. foot ---------- - --- 8,280 . 00
Concrete and reinforcing for building, 1 , 440 sq. ft. , estimated at $2. 00 per sq. ft . --- - -------- ---- --- - -- -- --- -- -- -- ---- 2 , 880. 00
Labor to make physical hook-up of component parts of water flood plant, estimated -- ---- ---- -~-- - - ---- - - --- - ~,-~, - - ---- 3 , 000 . 00
Miscellaneous valves , fittings and connections required in water flood plant ----- -- - -------- - - ~. -.,, - - -- -- ----------- - ---- - - 1 , 000 . 00
Total $ 32 , 310 . 00
VII. New Producing and Injection Well , and Plugging Cost Drill 13 new producing wells @ $4 , 200/well , producing equip-
ment to be utilized from wells converted to injection - - - - - $ 54 , 600. 00
Drill 28 injection wells @ $4, 200/well ------------------- 117,600 . 00
Convert 52 producing wells to injection, rig time @ $100 . 00 / well ----- - -------------- - - -- ----------- -- - -- ---- - ---- 5 , 200 . 00
Plug and abandon 18 currently producing wells located off pattern, two days rig time @ $15. OO/hour , plus $80 . 00 materials--- 14 , 400 . 00
Total $191 , 800 . 00
Table 20 (continued)
Total - all items ---- ----- - --- -
Add lO per cent contingencies on plant and construction
GRAND TOTAL
$384 , 383 . 00
19 , 500 . 00
$403 , 883 . 00
FIGURES
Figure
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17
18
19 20 21 22 23 24 25 26
No .
LIST OF FIGURES
Title
Structure Map - Top of Pay Sand Structure Map - Base of Pay Sand Isopachous Map - Gross Oil Sand Isopachous Map - Net Oil Sand Map Showing Average Well and Lease Porosities Producing Well Development Rate Production History - Felmont Oil Corporation Lease s Production History - A . Braddon Lease Production History - A . C . Gillies Lease Production History - J . D. Graham Lease Production History - E . J . MacMillan Lease Production History - John McMillan Lease Capillary Pressure Versus Water Saturation Height Above Water Table Versus Connate Water Saturation Permeability Versus Fractional Reservoir Capacity Permeability Versus Fractional Reservoir Thickness Permeability and Capacity Distribution - A . C . Gillies Lease Permeability and Capacity Distribution - Remainder of Field Water Cut Versus Cumulative Water Flood Recovery Water Cut Versus Fractional Water Flood Recovery Permeability Versus Residual Oil Saturation Porosity Versus Residual Oil Saturation Predicted Field Performance - Primary Depletion Predicted Field Performance - Water Injection Program Proposed Water Injection Pattern Proposed Water Distribution System
. .
. ~
l / /
0 ....
Tu "h
ft l m Onl
LOT 4
; fJJ2~ '. fJ'~ LOT 5
.' + 337
" ." + 329
II La T 6
. .
~; -
f i GURE I
STRUCTURE MAP TOP OF PAY SAND
ICON TOUR INT[RVAL . IQ FEET)
RODNEY POOL ALDBORQUGH TWP ELG I N co
ONTARIO, CANADA
0 • .1 ... " I ~ 111['01 15[0 8'1' O.'f OAT! 4Pf1'1II0'ol[0 81' APPIIOVEO BY OU E
· .
F, l mon l
L O T 4
J RuDI
(
i
~o
'"
,
fiGURE 2
E MAP STRUCTUR SAND OF PAY
BASE RVA L 'OFEE T ) tCONTOUR INTE POOL
ROD~Eiwp ELGIN CO ALDBO~~UTGAR IO, CANA DA
le.~ ( IN H[ T ...
Fr i monl
LOT 4
o
Tunks
fiGURE 3
ISOPACHOUS MAP
GROSS OIL SAND ICONTOUR I NTERVAL 5 FEET)
RODNEY POOL ALOBORQUGH TWP. ELGIN CO
ONTARIO, CANADA
A( VISI!:OBY DATI!: DATI!: , . ...... .... , ..... , .... ~'u
PPItOV 011'1' APPltOVI!:O BY . _ .. _ ._ ._ ••
F'r lmo'" F'rlmo"l
FIGURE 4
S MAP I SOPACHOU
SAND NET 0 1 L L 5 FEET} (CONTOUR I NTERV; 0 OL
RODNEY ELGI N CO ALDBOROUGH
O TW~ANADA
ONT AR I ,
""ll'",U'
o
Tunks
Fe l mDn l
LOT 4
, . 18.6 .' 18.8
LOT
f r lm o'"
.' 18.6
" . ' 58
.'
,"
,
; 17,8
.' 15.5
: , ..
'87 LOT , ..
" 17.4
.' .' 20.3 15./
o' I
I I I , I L_c.,~~J
: ; j I 22.5
j .' I 2U
: : 18.9
TunkS Pur(;, 11
WEIGHTED AVERAGE LEASE POROSITY Felmorlf :
A.8roddon A.C. Gtt hu J.O Graham E,J. Moc M,lIon J.Mc Millon -CON.IV J,foiIc MUlon -CON. V
Dom,nlon : F.G.Purc.11 J . Rubl
Poroslt,% 18.2 24.0
" . 16 .9 18 .2 19 .7
19' 22. .5
~ 18.8
CON
l 165
.• 14.9
CON
.'
I 205
LOT
IV
." 15.9
.' .' 15.1 21,2
: 14]
j LOT
.' V ;
.' , . ~O
.' ;
; ~,
236
, . , . . 2'0
: .' 269 A C 6"l le$
Dom , ",on , j .
21.4
: : 25.4
.'
<! J HUOf
6
6
. .
i
o'
. . ;
:
; A
;
•
MeCal/ llm
F IGURE . !5
MAP SHOWING AVERAGE WELL
AND LEASE POROSITIES
RODNEY POOL ~LDBOROUGH TWP, EL GI N co
DIUW/Ij IIY OATE APItOV[DIIY OUt
ONTAR IO , CANADA
80 160 JAMES A . LEWIS ENGINEERING
INCC""ORATID
P ..... r...m Rt ... .oI, AMI,,,,
70 140
60 120 "0 en Q) ...... ...... ...... ..... Q) .....
'"' ~ 0
50 100 b.O en ~ ...... ..... ...... u Q) ::l ~ "0
0 b.O '"' ~ p.., ..... u 40 80 '+-< ::l 0
"0
'"' 0
'"' Q)
p.., .0
'+-< 8 0 ::l
'"' 30 60 Z
Q) ......
"8 !1l .... 0
::l E-< Z
20 40
10 20
0 ~
w
~ w
~ ~ w
~ w
~ w
~ w
~ w
~ 0
z U ~ z ~ ~ . u ~ z ~
=
z ~ ~ z ~ . ~ ~ z ~ . ~ . ~ ~ ~ ~ ~ ~ ~ ~ 0 ~ ~ 0 ~ 2 ~
1949 1950 1951 1952 1953 1954 1955 1956 1957 1958
Figure 6
PRODUCING WELL DEVELOPMENT RATE
RODNE Y FIELD
Elgin County, Ontario, Canada
· ~ " c u
" "0 0
0: '0 " · .0
~ Z
· "' · · <
"'
60
40
ZO r '
+
12,000
11, 000
6, 000
, 1-, r
:t t -3 ,000
-r :
~
2, 0 00
I-r-~ 1=++= j± :::;
1, 000
R= -+-
~-
- !-j-
--l ±
1-+ ---.
+ -
r---r
1+
++
H-
H- -
T
=t=
~ lit -
'l
500
400
300
ZOO
100
o .~ . "II 1.~ • • t.IIII'1.~ . ~j'i l lll. ~ •• ~.'iji'l ••• ~."jIJl.~ •••• 'ijl' .~.i1.'ijl'!.~ •• ~.'ill'j.~.j1.'illil.~!.1.'ilft .~iO 194 1950 1951 1952 1953 1954 195 5 1956 1957 1958
Figure 7
PRODUCTION HISTORY
F e lrn ont Oil Cor poration
RODNEY FIELD
Elgin Count y , Ontario, Canada
] '" '0 · "0 C · " i! ...
is ,
· ~ U
en :::: 20 <I)
~ be 15 .S I-u ;l
10 "0 0
'"' Po. 5 ....
0
'"' <I) 0 ..0
E ;:l
z ~ f-
.:::1- f-- -- -_.
~ t- t=" ~ I- .-
t- .. .
r:: 1= 1-. ..
I- t-t- .. -. 6 00
f--
f-1- -
....... 1-. i-. 500
..c ....... +-'
~ t-
t- I--
0 400 ::E
'"' <I) -(.J..
en ~
<I)
'"' 300 '"' nl -(!l f-- .. - I-
. <I)
- .. - f--'c<i ex:: 200 .. - - I-
_. --
. ~
0
100
I- i-- .-
~ ~ ;i ti ~ ! ! ! ~ :II ~ ~ C C
o
1955
JAMES A . L.EW IS ENG INEERING
-
I--
-
f-
ri IE
-1- f-.
l-I--
.- l- I -
I-- I-- 1-. --l-
l-.
I-- I-- ..
-
"7
I-f-
i- - /--
- . - .... -t-. -- I- -
II "-1--
--
ff- --
i .- ~ ;i ~ ~ ! ~ ~ ! g ri l ~ :II :II ~ ~ C IE
19 56
Fig ur e 8
P R ODUCTION H IST ORY
Ang u s Braddon Leas e F e l mon t Oi l C o r po r a ti o n
R ODNE Y F IE LD
I-
a ! .
E lg i n Coun ty , Ontario , C anada
I HC O " .. O,,"TIO
p....u.m JWc,uo/. A""" ...
l-. . _ f-
l-/-- I--
t-
I--' -
--!-
.; j ~ I ~ .. ! g j :II . ~ -= ~ :II
195 7
~ ~ r-r-r-
6
5 en ~
<I)
'"' '"' nl (!l
4 .... 0
t- en "0 >:
t- nl en ;:l
3 0
..c E-<
~ .~
t- 0 <I)
2 . ~ +-' nl
- '; E ;:l
u
! o
~ " ~ "" .5 u
" 'tl a ... 0. .., a ... " .D
6 " Z
.c
" a ::E ... " >l. en
" ... ... '" 0:1
" :;; 0::
O
20
15
10
5
0 H-. I
+
3500
3000 +- -
2500
2000
1500 ~ 1
~ I+.~ -+-
1000
500 f-
i-"
. ~ -j
t=
t-
,
. =1;:· I .. ...L
. f-f-
JAM!. A. I..!wrs ENGINEERING I"'C:O"'O""'TIO
Pft'l'O!.tu"'Lt~AKaI,IU
175
150
125
100
75
50
25
o !~~:i~~il~~~~~~~i~~;!~~~!~~ii~~!!g~~!~;iij~!!~i~!~;:i~ ijl~~~!~~:ijil!~i~!~~iij!i!~i~O 1952 1953 1954 1955
Figure 9
PRODUCTION HISTOR Y
A. C. Gillies Lease Felmont Oil Corporation
RODNE Y FIELD
1956
Elgin County, Ontar i o. Canada
1957 1958
is
30 . ; 25
'" c 20 ;:; , " 1 5 0
tl: '0 10
" . .c 6 , z
1400
1200
1000 .c C 0
::E " · 800 '" · · · " • <!l
600 · :< c<
<5 400
200
1949 1950 1951 1952 1953
Figure 10
PRODUCTION HISTORY
John D. Graham Leas e Felmant Oil Corporation
RODNEY FIELD
1954
Elgin County, Ontario . Canada
JAMIS A. L.IWIS t:NQ1NI:I'UNO
1955
70
60
· ~ " • <!l
'0 · " 40 c : , 0 .c f-<
30 <5 · . ~ :< -;
20 6 , U
10
~ 10 .... " o ~ ... 5 " "" '" ~
Su ~ ~ 0 Z'tl
0 ... Il.
900 II
800
700
..c: 600 ;:; 0
::E ... " ~ 500
.")
" ... ... '" tQ
400
" .., c:r::
0 300
200
100
1952 195 3 1954 1955
Figure II
PRODUCTION HISTORY
E . J. Mac Millan Lease Felmant Oil Corporation
RODNEY FIELD
1956
Elgin County, Ontario, Canada
JAMES A. LEWIS ENGINEERINO INCOlOll'OIlATaO
Pmvlnull Re~' A...u,1U
1957 1958
45
40
35
.")
" 30 ... ... '" tQ
.... 0
'" '0 25 <:
'" '" ~ 0
..c: f-<
20 (5
" .?: j " 15 6 " U
10
5
'" <U
~ blJ
5 U
" "" 0 H
P.. ~
0
H <U
.D S " Z
-"
" 0
::E H <U
P,
~ <U H H <tl ~
<U
~ <i
0
20
15 JAMES A. LEWIS ENGINI!EAINQ INCO""OIiATla
Pmol.n4", Rtserwi,AM!,m
10
5
0
8000 400
7000 350
6000 300
5000 250
-+-+---4000 200
I I
. --l
3000 150
2000 100
1000 50
1952 1953 1954 1955
Figure 12
PRODUCTION HISTOR Y
John A . McM illan Lease Felmont Oil Corporation
RODNEY FIELD
Elgin County, Ontario, Canada
1956 1957 1958
'" 0; H H <tl ~ ~ 0
'" "" ~ <tl
'" " 0 ..c: f-<
6 <U ;: :d ;; S " U
OJ)
Ul p..
V .. " Ul Ul Q) ..
p.. >-.. ~
0-m
U
· 20
10
o o 10 20 30 40 50 60 70
Average Connate Water Saturation, Sew, Per Cent
Figure 13
CAPILLAR Y PRESSURE - WATER SA TURA TlON
Columbus Formation
RODNEY FIELD
Elgin County , Ontario, Canada
J A MES A . LEWIS ENG INEER ING ,,,,C. O."OIV.f,O
Pmoltwm ReutOlOl, A,w,a
80 90 100
90
80
70
... Q) Q)
~ 60
Q)
;0
'" f-< ... Q)
;;; 50 ~ Q)
> 0
.0 -< ... ..c: 40 .~ Q)
::c
30
20
10
Laboratory Derived
Core Analyses Derived
10 20 30 40
Connate Water, Per Cent
Figure 14
JAMES A. LEWIS ENGINEERING
50
INCOItP'O""TID
Pmokum Reser""", AMJ,ru
60
CONNATE WATER SATURATION AS FUNCTION OF HEIGHT ABOVE WATER TABLE
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
70
U)
>-u ... '" "0 --.~
::E
.~ -:0 '" '" E ... '" Po.
100
10
JAMES A. LEWIS ENGINEERING INCOR~ORATID
Pmobm IUsmooif AaaI,ru
10" __ -o .2 .4 .6 . 8 1.0
Frac tional Capacity
Figure 15
RELATIONSHIP BETWEEN AIR PERMEABILITY AND FRACTIONAL RESERVOIR CAPACITY
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
<fl
>-V H
'" :s .~
::E
.~ -<
II '" '" E H
'" p..
1000
100
IHCO""OIlATIO
Pmoleum RtU'n'Oir AI\tJl,JU
..
1.0 ___ _
o . 2 .4 . 6 .8 1.0
Fr ac ti onal Thi ckne ss Analyzed
Figure 16
RELATIONSHIP BETWEE N AIR PERMEABILIT Y AND FRACTIO NA L RESERVOIR THICKNESS ANA LY ZED
C o lum b us F o rmation
RODNEY F IELD
Elgin County , Ontario, Canada
36. 0
3 2.0
28.0
lit::
.~ 24. 0
.D
'" Q)
E ... Q)
20. 0 P-Vl Vl Q)
"2 .S Vl
" Q) 16.0 E is
12 . 0 ' I
8. 0
4. 0
.- l--
.2 .3 .4 .5 .6 .7
Fractional Th ickn e ss, h
Figur e 17
PERMEABILITY AND CAPAC ITY DISTRIBUTION
Columbus Formation
A . C. Gill ies L ease , F e l mont Oil Corporation
RODNEY FIELD
Elgin C ount y , On ta rio, Canada
JAMES A. LI!!:WIS ENGIN!I!:R INO
.8
11'10::0"'0""'110
PrtTOkum lUu .... ~, A~fU
.9
1.0
.9
.8
. 7
.6
.5
.4
.3
.2
.1
" .S U '" ... ~
U
.~ (J
'" "'-'" U
20. 0
l S.0
16 . 0
14.0
1:<:
.~ 12.0
:c nl
" E ... " p.. 10.0 <Il <Il
" " .S <Il C
" S. O E 6
6 . 0 I-
4 .0
2 . 0
II
, I
00 .1 .2 .3
, , '-I , ...! --
-,- I
I,
J
:-, I
--, --t...,--,;-
.4 . 5 .6 .7
Fractio nal Thickness, h
Figure I S
PERMEABILITY AND CAPAC ITY DISTRIBUTrON
Col unibus F o r mation
Remainde r of Field
RODNEY F IE L D
Elgin County, Ontario , Canada
JAM E S A . LE W IS ENGINEERING
. S
IHCQ"~O"AT'D
Pd.ok"m RtSCTuoir AII<l1,1U
t---'-
"
T
.9
I
1.0
.9
. 8
· 7
.6 " 0 ~
u nl ... ~
· 5 U
::-U nl g. U
. 4
· 3
.2
. 1
0 1.0
90
80
Ren1ainder
70 of Field
:)0
<: " u ... " Po.
50 :; U ... " -;;; ~
40
30
20
100 200
A. C. Gillies Lease
300 400 500 600 700
Cumulative Water Flood Recovery, Barre ls Per Acre Foot
Figure 19
WATER CUT AS FUNCTION OF CUM ULATIVE WATER FLOOD RECOVERY
Colurnbus F o rmation
RODNEY FIELD
El gin County, Ontario, Canada
JAMES A . LEWIS ENGINEERING
800
INCOIl~O"AT[D
Pttl'OUlim ReJn\.(jjr ArtDr"u
900 1000
90
80
70
60
<:: " u ... " p..
'il 50
U ... " ';;j ~
40
30
20 -+--
10
..L
l-j-!-=r:Rf r h- l -i-r ,
°0 .1 .2
A. C. Gillies Lease
TL
t-
~-+
I
E!=l I--I -+-,
I F I-- H , -r- , . -+ t 1 ~tRtf i l-- + _:-- J _ _ :_ +: , ~'-~ L L.L~ _.d±H±~.u..
.3 .4
Rerna inder of Fie ld
+ =H=ff:'t ' ~T~
• 5
I ,
. 6
JAMES A. LEWIS ENGINEERING INCOIIPO",t,TfO
PctToleum Rnl!fllOiy Anal)Jts
i f'1H: ' " ' , -f+ i+
.7 .8
Fractional Recovery of Water Flood Reserves
Figure 20
WATER CUT AS FUNCTION OF FRACTIONAL WATER FLOOD RECOVERY
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
..Ll
-1 iT H-
.9 1.0
:
, !
20 30
R e s idual Oil Saturation . Sro, Pe r Cent
Figure 21
RESIDUAL OIL SATURATION AS FUNCTION OF POROSITY
Columbu s Formation
RODNEY FIELD
Elg in County, Ontar io , Canada
LEGEND 0 McMillan No . 17
0 M c Millan No. 18 I!J. Branson's
" Branson's McMillan No .
45 50
30
25
20 ..... s:: C1l U !-i C1l
P.. 15
>-..... ...... Ul 0 !-i 0
P.. 10
5
10
JA M ES A . LEWIS ENGINEERING IN COAPO RAT Il O
Pt troltum Rtservoi1' A ftal,ru
20 30 40
Oil Saturation, P e r Cent
Figur e 22
RESIDUAL OIL SATURAT ION AS FUNCTION OF POROSIT Y
C olumbu s Forma t ion
R ODNEY F IELD
Elgin C ou n t y, On ta r io , Canada
50
>-• 0
· 0. · · ~ al
· ;;; a:
<5 · "" ~ · > «
800
700
600
500
200
1 00
o o
Oil Rate
= . .L
:-t
10 15 20
Cumulative Oil
25 30 35 40
Year s After 3 -1 -57
Fig u re 23
PREDICTED FIELD PERFORMANCE
UNDER PRIMARY DEPLETION
Columbus Format ion
RODNEY FIELD
Elgin Co unty , Ontario, Cana da
45 50 55 60
2. 5
1. 5
0.5
o 65
· · " · al
'0 · 0
~ ~
" "B " '8 a: <5 · > ;;; -; E " U
4000
3000
>-'" 0 ... '" 0-
~
'" ... ... '" tx1
'" 2000 ~ p:: ~
<5 '" OIl
'" ... '" > ~
1000
2
Cu mulative Oil
Oil Rate
4 6 8 10
Years After 3-1-57
Figur e 24
PREDICTED FIELD PERFORMANCE
UNDER WATER INJECTION PROGRAM
Columbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
JAMES A . LEWIS ENGINEERING
12
INCOII" OIlAT[O
PCm)kum Rlunoj, AMI,JtJ
14
6
5
4
3
2
o 16
~
'" ... ... '" tx1
..... 0
'" .: .3 ~
:E a .~ u ::>
"0 0 ...
0..
<5 '" .::: ~ :; E ::>
U
F.lmonl
Tun kS
Ff l monl
Purc~ 1/
LEGEND
rirO' I W'I~Tolnl'Cflon @ PropOS fd Inj'C I ,o n W. II
Prodllc,no 011 W.II
o Proposed P r OGueinO Wi l l
, .. Produc , ,,O Wi l l To Sf A bon don.d
"'~_'/1Nf " 6'1"0 1
~
F I GU RE 25
PROPOSED WATER INJECTION
PATTERN
ROD NEY P OO L 4lDBOROUGH T WP ElGI N co
DII'AWN II Y DAft APPROV[DIIY
ONT ARlO, CANAOA
~
/ F, I,..,on l
'0
L O T 4 LOT 0
.'
~2 . .
LEGEND
® Or! We ll Co n .... e r t e d To In jec t ion - I- PIP' 6 Co nnec t ion s
@ Pr oposed Inject ion Wel l - - -- 2" Pipe a Con nectio ns
o Propos e d Prod uc ing Well
• Pro d uc!nQ Oil Well
- - - 3" P ipe 6 Connec t ions
__ 4- P ipe S Connec l io n s
E3I Woter P lo n l
4 Me hr S t ol lo n
F,lmon'
L OT 6
®
:
fiGUR E 26
PROPOSEO WATER
DISTRIBUTION SYSTEM
R ODNEY POOL A LDBOROUGH TWP ELGI N co
O ItAWN II" OATE Ap"lIo .... roll .. OATC
ON TAR IO, CANA DA
11[ .... 15[0 In OA T [
DISCUSSION
" ..
JAMES A . LEWIS ENGINEERING, INC. Petroleum R eservoir AnalYsts
REPUBLIC NATIONAL BANK BUILDING
DALLAS 1, TEXAS
May 6, 1957
Mr. V. O. Sims, Vice President Felmont Oil Corporation P. O. Box 602 Owensboro, Kentucky
Dear Mr. Sims:
.,
An engineering study has been made of the Columbus reservoir ln the Rodney field and is submitted in two volumes under the title, "Comprehensive Engineering Study, Columbus Reservoir, Rodney Field, Aldborough Township, Elgin County, Ontario, Canada." Volume I contains pertinent information related to the basic data, geology and future field performance under primary depletion and a full- scale water injection program. Volume II contains analyses of individual lease performances and detailed economics for primary depletion and three plans for water injection. Plan I is a modified five - spot pattern with maximum utilization of current wells; Plan II is a staggered line drive with lease line injection; and Plan III is a staggered line drive with lease line injection but a smaller pattern than Plan II.
Comparison of anyone of the three water injection programs with predicted primary performance, either on a field-wide basis or by individual lease, clearly illustrates the conservation and economic benefits to be derived from initiation of a water flood plan in the field as soon as practical.
Field reserves after March I , 1957 can be increased from 2, 303, 226 barrels under primary depletion to 5,758,036 barrels under a water injection program, a gain of 3,454, 810 barrels. Felmont Oil Corporation net oil reserves are I, 022, 191 barrels under primary depletion and 2,447,723 barrels under a water flood program.
Substantial economic gains to the field under a water injection program are demonstrated by the increase in future net income from $3,139,675 under primary depletion to $12, 024, 171 under a secondary recovery program. Felrnont Oil Corporation's share ofthe se values is $1, 644, 988 and $5,828, 023, respectively.
,
Capital investments for producing wells, injection wells, water plant facilities and water supply wells are estimated to range from $403, 883 under Plan I to $1, 102, 514 under Plan III for the total field. Felmont Oil Corporation's share of these capital investments ranges from $209, 713 under Plan I to $471,409 under Plan III.
We appreciate this opportunity to be of service to you and will be pleased to discuss our work with you at your convenience.
Very truly yours,
JAMES A. LEWIS ENGINEERING, Inc .
James A. Lewis
JAL/mh
TABLE OF CONTENTS
Page Number
CONCLUSI0NS- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - i
RECOMMENDA TI0NS - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - v
LEASE PERFORMANCE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - I
WATER INJEC TI0N PROGRAMS Plan I - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4 Plan 11-------------------------------------- 6 Plan III - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7
ECONOMICS - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 9
CONCLUSIONS
From this study of the Columbus formation in the Rodney field, it has been
concluded that:
(1) Ultimate oil recovery from the Rodney field can be sub-
stantially increased by water injection under either a
cooperative arrangement or after unitization, which would
be highly desirable .
(2) Future oil reserves after March 1, 1957 to be recovered
from the portion of the Rodney field analyzed for this re-
port are :
(a) Primary Depletion - 2, 303, 226 barrels
(b) Water Injection Program - 5,758,036 barrels - Plan I, II or III
(3) Felmont Oil Corporation's net oil reserves are estimated
to be 1 , 022 , 191 barrels under primary depletion and
2,447,723 barrels under water injection, an increase of
1,425,532 barrels over primary production.
-1-
(4) John Beattie net oil reserves are estimated to be 155,462
barrels under primary depletion and 314, 081 barrels un-
der water injection, an increase of 158 , 619 barrels over
primary production.
(5) Jim Beattie net oil reserves are estimated to be 592 , 375
barrels under primary depletion and 1 , 684 , 848 barrels
under water injection, an increase of 1,092, 473 barrels
over primary production.
(6) Future net operating incomes under primary depletion
and a water injection program are estimated to be as
follows :
Primary Water In-Depletion jection Program
Total Field $3,139 , 675 $12,024,171
Felmont Oil Corporation $1 , 644,988 $ 5 , 828 , 023
" John Beattie $ 204 , 696 V $ 747,474 V
Jim Beattie $ 951 , 248 $ 4 , 021 , 074
(7 ) Capital investments necessary to generate the incomes out-
lined above for the water injection program are :
- ii-
Water Flood Program Plan I Plan II Plan III
Total Field $403 , 883 $978,443 $1,102,514
Felmont Oil Corporation $209 , 713 $415 , 597 $ 471 , 409
John Beattie $ 29 , 100 V $ 52 , 107 $ 66,497
Jim Beattie $129 , 320 $277 , 328 $ 368 , 370
(8) Future net profit , expressed as net income less capital invest-
ment, before income tax, and present worth of the future net
profit would be :
Total Field
Felmont Oil
Future Net Profit Primary Depletion
Water Flood Program Plan I Plan II
$3 , 139 , 675 $11,620,288
Plan III
Corporation $1 , 644 , 988 $ 5 , 618,310 $5 , 413,476 $5,356,914
John Beattie $ 204 , 696 $ 718,374 $ 695,367 $ 690 , 936
Jim Beattie
Total Field
Felmont Oil
$ 951 , 248 $ 3 , 891,754 $3 , 744,246 $3 , 653 , 404
Discounted Future Net Profit Pr imary Depletion
Water Flood Program Plan I Plan II
$2 , 259,183 $10 , 088 , 010
Plan III
Corporation $1, 142 , 851 $ 4 , 671, 075 $4 , 565 , 098 $4 , 585, 324
John Beattie $ 154,476 / $ 593,327 ~$ 570 , 596 $ 590 , 235
Jim Beattie $ 694 , 330 $ 3 , 244 , 762 $3 , 079 , 986 $3 , 198 , 945
-111-
Gain Over Primary Depletion Future Discounted Future Net Profit Net Profit
Total Field-Plan I $8 , 480,613 $7,429 , 791
Felmont Oil Corporation
Plan I $3 , 973,322 $3 , 528 , 224
Plan II $3,768,488 $3,422 , 247
Plan III $3,711,926 $3 , 442,473
John Beattie
Plan I $ 513,678 $ 438,851
Plan II $ 490,671 $ 413,120
Plan III $ 486,240 $ 432,759
Jim Beattie
Plan I $2,940,506 $2,550,432
Plan II $2,792,998 $2,385,656
Plan III $2 . 702 , 156 $2 , 504,615
-lV-
RECOMMENDATIONS
1. A water injection program be initiated in the Rodney field , either
after unitization or obtaining cooperative agreements with offset
operators.
2. The modified five-spot injection pattern (Plan I) be utilized, if
feasible .
3. Obtain approval of the Ontario Fuel Board for instituting the
water injection program.
4 . Develop water supply for injection from the glacial drift under
lying the Rodney field .
-v-
LEASE PERFORMANCE
Monthly oil production records were available for all leases analyzed in
the study, except for the New Bristol Oils A. McCallum lease and the A.
Comfort Tunks lease. The assumption was made that these two leases had
performed similarly to the offset leases and cumulative production was es
timated based on the completion dates of the various wells . Production
histories for those leases for which records were available, and summaries
by operator, are presented in Tables 1 through 4 and graphically shown on
Figures 1 through 15.
Development drilling in the field has resulted in increasing or sustained
lease oil production rates but by converting the monthly oil production to
a per well rate , several of the leases exhibited production decline trends
which were extrapolated to the economic limit. The average ultimate re
covery for those lease s amenable to this treatment was 17. 9 per cent and
ranged between 15 . 8 and 23 . 5 per cent with the higher indicated recovery
from the John Beattie Sabjan lease which is more densely drilled and logi
cally should competitively produce more oil with no production regulations
in effect . Volumetric determinations were used for calculating the ultimate
-1-
oil recoveries for the other leases, with minor recognition being given to
edge leases and those less densely developed. The overall recovery under
primary depletion was calculated to be 17 per cent, or 233 barrels per
acre-foot . Table 5 is a tabulation of the lease reserves under primary de
pletion.
Future lease performance under primary production has been predicted
from the production decline trends by converting the rate - cumulative fore
cast to an annual production rate versus time. The field reserves under
primary depletion as of March 1, 1957 are 2 , 303, 226 barrels to be recover
ed in 65 years . However, 75 per cent of these reserves will have been pro
duced within 20 years.
Under a water injection program with additional energy being supplied to
produce the oil , the ultimate oil recovery can be measurably increased
and the peak rate of production will be limited principally by the restrictions
imposed by the operators relative to the water injection rates and the maxi
mum surface injection pressure that can be applied. The ultimate oil re
covery and reserves under a water flood by leases are contained in Table
6 . The field reserves under a water flood program are 5 , 758 , 036 barrels
-2-
as of March 1, 1957. For the three water injection patterns analyzed , the
ultimate oil recovery will be essentially the same with the major difference
being reflected in the capital investments required and the productive life
which ranged from eight years for Plan III to fifteen years for Plan 1.
The oil reserves under a water injection program have been calculated
based on abandonment at a 95 per cent water cut. The distinct possibility
exists that the reserves as herein presented may be conservative if fluid
rates can be kept at a high level and operating costs minimized during the
later stages of depletion to permit lowering the economic limit and produc
ing the field to a higher water cut.
-3-
WATER INJECTION PROGRAMS
Three possible plans for water injection have been investigated and the
future production performances analyzed . The adoption of one of these
plans and the initiation of water injection in the Rodney field will require
either complete cooperation among the various operators or unitization of
the different producing leases . This latter course of action is more de
sirable as it would result in certain operating economies, permit closer
control over the injection program and require minimum capital investment,
However, with complete cooperation, a successful water injection program
can be instituted and carried to completion under anyone of the plans analyze~ .
Plan I The proposed injection pattern under
Plan I is a modified five - spot which
will require the conversion of alternate wells for injection . The approxi-
mate size of the average five - spot is 12 . 8 acres. Under this program ,
complete development will necessitate drilling 13 oil wells and 28 injection
wells. Fifty-four currently producing oil wells are adaptable to this plan,
giving a total of 67 oil wells. Fifty-two wells would be converted to in
jection wells , resulting in a total of 80 input wells and 18 oil wells not
-4-
required or desired for the program would be plugged and abandoned . The
proposed water injection pattern under Plan I is presented on Figure 24.
Performance under this plan has been calculated based on initial water in
jection rates of 60 B WPD per well , or a field total of 4 , 800 B WPD . As the
water cut increases, the injected volumes are increased until calculated
peak injection of 11 , 000 B WPD at 300 psig surface pressure is reached,
thereby maintaining oil production at a relatively constant level. With con
tinued increases in water cut, the total fluid rate remains constant but the
oil rate declines. Pr e dicted perfo r mance under Plan I is presented in
Tables 7 through 10 and graphically shown on Figures 16 through 23 .
The capital investment required for this program is $403 , 883 , which in
cludes the cost to drill producing and injection wells , plug the non-adaptable
wells , install water plant injection facilities and develop an ample water
supply from the glacial drift. A detailed cost estimate for Plan I is con
tained in the report e n titled "Rodne y Field - Volume 1. "
Plan I affords the greatest opportunity for utilization of currently produc
ing wells and require s the minimum capital investment. While the con
version of alternate wells to injection along lease lines is an equitable
-5-
method for protection of correlative rights under a cooperative agreement,
lease line injection as analyzed in the following two plans may constitute
a more obvious and readily acceptable program to operators and royalty
owners.
Plan II Plan II is a staggered line drive with
lease line injection. The majority
of the patterns developed under this progr a m have an approximate size of
13. 3 acres , although lease configuration results in some smaller patterns
containing 6 . 6 acres . This plan will require drilling 58 producing wells
and 102 injection wells . Sixteen producing oil wells are adaptable to this
program, giving a total of 74 producing wells when fully developed . All
injection wells must be drilled . Ninety-nine producing wells improperly
located for either injection or production must be plugged and abandoned.
The proposed pattern under Plan II is presented on Figure 25.
Capital investment for this program is $978,443, an increase of $574, 540
over that required for Plan L Practically the entire additional capital ex
penditure is for injection and producing well development since few of the
current wells can be adapted to this plan .
-6-
Performance under Plan II has been calculated for leases owned by Felmont
Oil Corporation, John Beattie, and Jim Beattie . Initial water injection
rates have been arbitrarily restricted to 60 BWPD, or a field total of 6 , 120
B WPD. Again as in Plan I, fluid injection and withdrawal rates have been
increased as the water cut changes to maintain the oil production rate at a
relatively constant level until peak field injection of 14,000 B WPD at 300
psig surface pressure is reached . From this point on, the oil rate declines
as the water cut continues to increase. Predicted performance under Plan
II for leases owned b y Felmont Oil Corporation, John Beattie and Jim
Beattie is presented i n Tables 8 through 10 and graphically shown on Figures
18 through 23 .
Plan III Plan III is similar to Plan II in be-
ing a staggered line drive injection
pattern with lease line injection wells , but the pattern area has been de
creased to approxima tely 6 . 6 acr es by uti lization of current wells for pro
ducing wells and drilling the required 154 injection wells . Thirty-six pro
ducing wells must be drilled and 93 current wells adapted to the program,
for a total of 129 producing oil wells . Twenty- seven current wells not
suitably located for either injection or production will be plugged and
abandoned . Figur e 26 shows the proposed pattern for Plan III.
-7-
Capital investment for Plan III is estimated to be $1, 102 , 514, an increase
of $698, 631 over that required for Plan I and $124, 071 greater than under
Plan II. Again, this increased capital expenditure results primarily from
the larger number of wells to be drilled to develop the proposed pattern.
Performance of those leases in which Felmont Oil Corporation, John Beattie
and Jim Beattie have working interests has been calculated based on an
initial per well injection rate of 40 BWPD, or a field total of 6, 160 BWPD.
The oil production rate has been maintained by increased fluid injection and
withdrawal rate as the water cut increases until a maximum injection rate
of 14,000 BWPD at 300 psig surface pressure has been reached. There
after, the oil rate declines as the water cut increases . Predicted perfor
mance under Plan III is shown in Tables 8 through 10 and presented on
Figures 18 through 23 .
A summary compari s o n of the development requirements. capital invest
ments and injection rates under Plans I , II and III is contained in Table 11.
-8-
, .
ECONOMICS
Economic analyses of future performance under primary depletion and
water injection have been prepared and are presented in Tables 16 through
57. Individual lease and summary economics under primary depletion and
Plan I water injection have been calculated and summary economics have
been prepared for Felmont Oil Corporation, John Beattie and Jim Beattie
net working interests under Plans II and III. Factors applied in these ana-
lyses have been as follows:
Crude Oil Price
Gross - $3.48 per barrel
Transportation Charge - $0. 35 per barrel
Net - $3. 13 per barrel
Operating Expenses
Primary Depletion - $79 . 00 per well per month
Water Injection Programs - $0.65 per gross barrel water flood oil converted to average annual operating cost.
-9-
•
Interests Evaluated
Felmont Oil Corporation Gross Working Interest In Leases - 1.00 Net Working Interest In Leases - . 868164
Other Operators
Discount Rate
Gross Working Interest In Leases - 1 . 00 Net Working Interest in Lease s - . 875
Five per cent per annum.
Future net operating income to a . 875 net working interest in the field and
to the various operators under primary depletion and a water injection pro-
gram is as follows :
Future Net Operating Income Primary Water Injection Depletion Program
Total Field $3 , 139,675 $12 , 024 , 171
Fe1mont Oil Cor poratlOn $1 , 644 , 988 $ 5,828 , 023
John Beattie $ 204,696 $ 747,474
Jim Beattie $ 951 , 248 $ 4 , 021 , 074
A . Comfort $ 63 , 729 $ 281,422
Dominion Natural Gas $ 163 , 186 $ 720 , 812
New Bristol Oils $ 86 , 638 $ 365 , 038
-10-
Under primary depletion the assumption has been made that no additional
development drilling will be done and, therefore, no additional capital in-
vestment will be required to recover the remaining primary oil reserves.
Under the three water flood programs discus sed elsewhere in this report,
the capital investment required for water injection plant facilities, injection
wells, producing wells and workovers, will be as follows:
Plan I Plan II Plan III
Capital Investment
Injection and Producing Wells $191,800 $751,200 $819,600
Water Injection Plant Facilities 212,083 227,243 282,914
Total $403,883 $978,443 $1,102,514
Felmont Oil Corporation's share of the capital investment for water injection
will be as shown below:
Plan I
Plan II
Plan III
Felmont Oil Corporation Capital Investment
$209,713
$415,597
$471 , 409
-11-
-----------~-- -
The assumption has been made that lease line injection costs under Plans
II and III will be shared proportionately among offset operators and the
water plant facilities cost under the plan adopted will be allocated on the
basis of injection well distribution. Costs for producing wells and injection
wells other than lease line wells will be borne by the operator of the lease
upon which the wells are drilled . The increase in capital investment for
Plans II and III results principally from the additional producing and injection
wells which must be drilled for a staggered line drive with lease line in-
jection.
Future net profit, expressed as net income less capital investment, to
Felmont Oil Corporation under primary depletion and the water injection
program will be as follows :
Primary Depletion
Water Injection Program
Plan I
Plan II
Plan III
Felmont Oil Corporation Future Net Profit
$1,644,988
$5 , 618 , 310
$5 , 413,476
$5 , 356 , 914
-12-
Increase Over Primary Depletion
$3,973,322
$3,768,488
$3,711,926
------------- -- - -
The present net worth of this future net profit to Felmont Oil Corporation,
discounted at five per cent per annum , is as follows:
Primary Depletion
Water Injection Program
Plan I
Plan II
Plan III
Felmont Oil Corporation Discounted Future Net Profit
$1 , 142, 851
$4,671 , 075
$4,565 , 098
$4,585,324
Increase Over Primary Depletion
$3 , 528 , 224
$3 , 422,247
$3,442 , 473
The allocation of capital investments to John Beattie and Jim Beattie under
the three water injection programs is as follows:
Capital Investment John Beattie Jim Beattie
Plan I $ 29 . 100 $129 , 320
Plan II $52 , 107 $277,328
Plan III $66,497 $368, 370
Future net profit after capital inveshnent and present worth of future net
-13-
---------- ---
..
profit, discounted at five per cent per annum, to the net working interests
owned by John Beattie and Jim Beattie, is as follows:
Future Net Profit John Beattie Jim Beattie
Primary Depletion $204,696 $ 951,248
Water Injection Program
Plan I $718 , 374 $3,891 , 754
Plan II $695,367 $3,744,246
Plan III $690,936 $3,653,404
Discounted Future Net Profit John Beattie Jim Beattie
Primary Depletion $154,476 $ 694 , 330
Water Injection Program
Plan I $593,327 $3,244,762
Plan II $570,596 $3,079,986
Plan III $590,235 $3,198,945
Economic comparisons of future performance under primary depletion and
water injection for the field, Felmont Oil Corporation, John Beattie and
-14-
Jim Beattie are presented in Tables 12 through 15 .
This study clearly indicates the economic benefits to accrue to the opera
tors and royalty owners from the application of a water injection program
in the Rodney field and the immediate initiation of such plans is herein
recommended .
Respectfully submitted,
Keith D . Sheppard
KDS/mh
TABLES
LIST OF TABLES
Table No. Title
PRODUCTION HISTORY
1 2 3 4 5 6
Production History Tabulation -Production History Tabulation -Production History Tabulation -Production History Tabulation -Primary Oil Reserves Water Flood Oil Reserves
Felmont Oil Corporation John Beattie V Jim Beattie Dominion Natural Gas
V
PREDIC TED PERFORMANCE
7
8
9
10
11
Predicted Field Performance - Primary Depletion and Water Flood - Plan I Predicted Performance - Primary Depletion and Water Flood Programs - Felmont Oil Corporation Predicted Performance - Primary Depletion and Water V Flood Programs - John Beattie Predicted Performance - Primary Depletion and Water Flood Programs - Jim Beattie
Comparison of Water Injection Programs
ECONOMIC COMPARISON
12
13
14
15
Economic Comparison - Primary Depletion and Plan I Water Flood Program - Rodney Field Economic Comparison - Primary Depletion and Water Flood Program - Felmont Oil Corporation Economic Comparison - Primary Depletion and Water Flood Programs - John Beattie Economic Comparison - Primary Depletion and Water Flood Programs - Jim Beattie
ECONOMIC ANALYSES
Pr imary Depletion 16 Summary - . 875 Net Working Interest - Rodney Field
Table
17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51
52 53
-'
No .
l
Title
Summary - Felmont Oil Corporation Felmont Oil Corporation - A . Braddon Lease Felmont Oil Corporation - A . C. Gillies Lease Felmont Oil Corporation - J . D . Graham Lease Felmont Oil Corporation - E . J . MacMillan Lease Felmont Oil Corporation - John McMillan Lease. /' John Beattie - Sabjan Lease V
Summary - Jim Beattie Jim Beattie - J. Braddon Lease Jim Beattie - Colthart Lease Jim Beattie - N . D . McMi llan Lease Jim Beattie - F . Wright Lease Comfort - Tunks Lease Summary - Dominion Natural Gas Dominion Natural Gas - F. G . Purcell Lease Dominion Natural Gas - J . Rubi Lease New Bristol Oils - A . McCallum Lease
Plan I - Water Flood Program Summary - .875 Net Working Interest - Rodney Field Summary - Felmont Oil Corporation Felmont Oil Corporation - A . Braddon Lease Felmont Oil Corporation - A . C . Gillies Lease Felmont Oil Corporation - J . D . Graham Lease Felmont Oil Corporation - E . J. MacMillan Lease Felmont Oil Corporation - John McMillan Lease John Beattie - Sabjan Lease Summary - Jim Beattie Jim Beattie - J . Bra ddon Lease Jim Beattie - Colthart Lease Jim Beattie - N . D . McMillan Lease Jim Beattie - F . Wright Lease Comfort - Tunks Le a se Summary - Dominion Natural Gas Dominion Natural Gas - F . G. Purcell Lease Dominion Natural Gas - J . Rubi Lease New Bristol Oils - A . McCallum Lease
Plan II - Water Flood Program Summary - Felmont Oil Corporation John Beattie - Sabjan Lease
Table No.
54
55 56 57
Title
Summary - Jim Beattie
Plan III - Water Flood Program Summary - Felmont Oil Corporation John Beattie - Sabjan Lease Summary - Jim Beattie
•
r -5-1;" qz · . 5 -5-4 , 5. 1 ,-l;" H{-
H Ii 12'" . " qt
5 5
H i · " · " HI!
'~" 1 .. l 5'
• li 5 .. , .. 7 ,. · ,. '1'
~ '-'
A. BRADDON LEASE
------I----------~
---1----- ---r~-
-----, - --,------I __
1 _ __ - -r-------
--'----,--
--,-----L--
J1~--~1l -3ft'" l' -I-!~i~ -- -=If~ - tnl - i~- i:it -- tl ---J: It
- o _ --.J.6 6
I- T:g_-=l -:Jif -- I ~
A. C. GIL LIES LEASE
,. m
I:m 1-1.100
Table I
PRODUCTION HISTORY T AlULA liON
Felmon l Oil C o rpO~i1tiOn
ROONEY FIEL D
Elgin County. O ntario. Canada
J. D. GRAHAM LEASE
E. J. Ma c MILLAN LEASE
0"
• • UUL • I ... U"~L' "OM'"
---+------1
- - ----1----- ---
1------1---
lh II
I~t ;\
!t3 :;.
11 :Yi
Hi :m ,;, :026 __ m :m
=m ]'9810
.:18.
.:n6 . ~t~ '.246
m :m ---iit- .:;82
7.818 ----.. ':789 ,7' m lO:~~
JOHN Mc MILLAN LEASE
..
TOTAL
. 3 ,
"
,., , " .. , :lol
; ::~, " 7
Table 2
PRODUCTION HISTORY TABULATION
JOHN B EA T TIE
Sabjan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
DATE OIL
J: II: I-Z 0(
0 1II
::l: >-
BARRELS CUMULATIVE
PER BARRELS MONTH
~ t~ ~:Z~~ ~~!t ~t:1 i t~ ~:~~~ ~I, i~:: i i~ ~:6~i ~a:~~; ~ I~
i l ~:~ 4 ~~ :i:~~9 ~ .. l~ !:~ ~!
»1, :, I:A~~ ~
tl i:~ ~: ~2 ~i :~~~
} ,« ;9l 4 :~ .!' i 51 :~ ~!Il
! : ». .~ ,: i if ~.
~ 6 :: 9 71': lC r: ~ !~: : .~9 rj ,:' 3]
lb !2 2: ~ (~ : ~* I} ~g ,I ~~~ .• 99 ~t:~~(
-DATE
--,-- -
~B c-. H H t-'
H
~ 1
~ 'f
t ~i 1-1-1-1-1-1-'=='==
-,
J. BRADDON LEASE
O'L
_"'''''''''IEL.' ... CUMULATIVE
MONTH 'AIt"ILI
m m t.tn i:lH , , , , , , , , , • , , , • • • • ·
5:9.9 7 • 67.
~:m : 'm >to, ~ :m
COLTHART LEASE
O'L
.... "JlIL. CUMU ...... TIVI ...
MONTH .... ",,1.1..
1---
1--- -
1-- m m m l:m m ~:m
• , • • • •
Table 3
PRODUCTION HISTORY TABULATION
JIM BEATTlE
RODNEY FIELD
Elgin County, Ontario. Canada
N. D. McMILLAN LEASE
l' 1.'
t' t' t: '
F_ WRIGHT LEASE
O'L
'A'U~r.L' CUMULATIYI . .. . ... IItRI:L.
MO .. TH
.j~ .n m m 4 ,
, • , • ,
t ' , t •
, • , • , , , , , ,
•
1 33 ,mXi • mm • J.:m ,
4~:m , 44m8 , :::H:
TOTAL
O'L
1",'Ut I.LI C UIolU I. ... TIYIE ...
• ... "11111:1. • MONTH
.l~ .91 ~g~ e::
l:j
.:j I:'
~~ • ~~ t ' ~~ t: '
• , 9 , to ,
• ~o • '91
4' :m, ~~ :m. ~'. 8
8m ~:9~ l~ i:X~ i:7 9 II m 9;116 • 15,69
mn u~lli • iZt:2i.a
DATE
x a: .. Z " 0 '" :E >
~ II ~ .~
1~ .~ Hi i~
i: :: i! i~
1 :: H :: l ~~ : ~~ ~ t~ ~ ~~
l~ t~ H i~
~ ~: : ~ ~ 56
l~ ~~ gn
~ U 3 ~H
"
JEAN PURCELL LEASE
OIL
BARRELS CUMULATIVE
PER BARRELS
MONTH
~U U! t~H5 11~~~j t ~~2~ , :, J ~:U~ 1 : :~;
:~Zl ,:l~~ :2~l :l9 ~~Ii • •
1 : : .21 : : !~i • 9.5
: :I: :l:l~
:Ug ~:m . :~~; ~~:m I:: :~ :!:gt H: '4 u:n 1:~i9 U:~;~ l:nr n:n~
• '; g::l;r :1 ~l ~.:~~i :58: g~:~U :~n If:m
l:t~~ :;:~~~ t:;n :::~f6
l.~~~ ,~:g~6 1.013 71.3.3
Table 4
PRODUCTION HISTORY TABULATION
DOMINION NATURAL GAS
RODNEY FIELD
Elgin County, Ontario, Canada
JOHN RUBI LEASE
OIL
BARRELS CUMULATIVE
PER BARRELS MONTH
69 6'
~:! n, ~~j l:tt:
*~~ l:~~ ~~; ~:gi 2H :t tl~ :2: U~ ,~:N~ ~~: :~:~:~
:,~: j:~St ~~" ~~: i ~~ ~' 4 L;:~ ~I : [~ ,:~~: ~J: au ~i~ 9:i~~
~~t ~~:~~i ~f~ H:gu ~~~ ~~: ~~g ~n ~l:iH ~~: ~~:u~ ::6 ~::gH
~H H:~i~ .. tty "".11.10
BARRELS PER
MONTH
TOTAL
a I L
CUMULATIVE
BARRELS
Table 5
PRIMARY OIL RESERVES
Columbus Formation
RODNEY FIELD
Elgin County, Ontario. Canada
Lease
Felmont Oil Corporation A. Braddon
A . C. Gillies
J . D. Graham
E. J. MacMillan
J . McMillan
John Beattie S. Sabjan
Jim Beattie J. Braddon
Colthar t
N. D. McMillan
F . Wright
Comfort Tunks
Dominion Natural Ga s F. G . Pur c ell
J. Rubi
New Bristol A . McCallum
TOTAL
Original Stock Tank Oil In Place, Barrels
l73,840
l,511,470
1. 163,l30
I, l18, 170
3,458,530
8,691,240
1,121,140
2.538,230
571,630
2,500,450
727,390
6,337,430
446,490
837,880
431,130
1,269,010
890,710
18,756, OlD
• Cumulative production as of March I, 1951 estimated.
Ultimate Primar,r Recoverl Per Cent Barrels
16,900
19. I 493,000
17. l 200,000
17 . 9 218,100
18.7 646,000
1,574,000
23 . 5 263,220
15 . 8 402.000
75,000
256,000
17.9 ~ 863,200
17.9 79,900
19 . 9 167, 000
17.9 ~ 227.200
17. 9 159,400
17.0 3, 183,920
t .
Remaining Primary Oil Cumulative Oil Production, Reserves· Ba.rrels Barrels, Mar c h 1, 1957 March 1, 1957
3,972 12,928
148,693 344,307
48,126 151,874
19,113 198, 987
176 , 680 469,320
396,584 1,1 77,416
85,550 • 111 ,6 10 V 107,000· 295,000
10,200 · 64,800
17. 000 • 239,000
52, 000 • ~ 186,200 677,000
28.800 (est. ) 51,100
71.343 95,657
~ ~ 98,960 145,240
84 , 600 * 74,800 V-880,694 2, 303, 226
..
Table 6
OIL RESERVES UNDER FULL SCALE WATER FLOOD
ColUITlbus Formation
RODNEY FIELD
Elgin County, Ontario, Canada
Floodable Reser- Ultimate Recovery Cumulative Oil Remaining Reserve voir Volume under Production - Bbl. Under Water Flood
Operator Lease Acre -Feet Water Flood March 1, 1957 Barrels
Felmant Oil Corporation A. .Braddon 141. 06 62,370 3,972 58 , 398
A . C. Gillie 5 1,486.55 942,510 148,693 793,817
J. D. Graham 846.05 379,780 48,126 331,654
E. J . MacMillan 1,022.00 428,550 19,11 3 409,437
J. McMillan 2 , 570 . 50 1,402,800 176,680 1,226,120
Sub- Total 6 ,066.16 3,216,0 10 396,584 2,819,426
John Beattie S. Sabjan 8 18.41 444,500 85,550 • 358,950
Jim Beattie J. Braddon 1,852.86 965,060 107,000 • 858,060
Colthart 349.86 177,750 10,200' 167,550
N. D. McMiLlan 1,415.10 705,020 17,000 • 688,020
F. Wright 464 .21 263,910 52,000 * 211,910
Sub - Total 4,082.03 2, 111,740 186,200 1,925,540
Comfort Tunks 299.36 163,030 28,800 • 134,230
Dominion Natural Gas F. G. Purcell 557 .32 307,980 71, 343 236,637
J. Rubi 223 . 40 135, 850 27,617 108,233
Sub- Tot a l 780.72 443 ,830 98,960 344,870
New Bristol A. McCallum 426.25 259,620 84,600 • 175,020
TOTAL 12,472.93 6,638,730 880,694 5,758,036
* Cumul a tive production as of March 1, 1957 estimated.
Date
March I, 1957 March I, 1958 March 1, 1959 March I , 1960 March 1 , 1961 March I, 1962 March I, 1963 March I, 1964 March I , 1965 March I , 1966 March 1 , 1967 March I, 1968 March I, 1969 March 1 , 1970 March 1 , 1971 March 1 , 1972 March I , 1973 March I , 1974 March I , 1975 March I , 1976 March 1 , 1977 March I, 1982 March I , 1987 March I, 1992 March I, 1997 March I, 2002 March I, 2007 March 1 , 2014 March I, 2017 March 1 , 2022
Table 7
PREDIC TED FIELD PERFORMANCE
Primary Depletion and Plan I Water Flood Program
RODNEY FIELD
Elgin County, Ontario, Canada
Average Daily Oil Production - Barrels Primary Depletion Plan I - W ate r Flood
657 602 508 2 , 606 418 3,172 356 2,504 309 1,756 276 1,264 247 869 226 720 207 601 191 504 176 415 164 361 155 222 147 144 137 37 131 125 119 112 107
92 68 53 37 25 14
9 6 4
Date
March 1, 1957 March 1, 1958 March 1, 1959 March 1, 1960 March 1, 1961 March 1, 1962 March 1, 1963 March 1, 1964 March 1, 1965 March 1, 1966 March 1, 1967 March 1 , 1968 March 1, 1969 March 1, 1970 March 1, 1971 March 1, 1972 March I , 1973 March 1 , 1974 March 1 , 1975 March 1 , 1976 March 1, 1977 March 1, 1982 March I, 1987 March 1 , 1992 March 1 , 1997 March I , 2002 March I , 2007 March I , 2012 March 1 , 2017
Table 8
PREDIC TED PERFORMANCE
Primary Depletion and Water Flood Program
Felmont Oil Corporation Leases
RODNEY FIELD
Elgin County, Ontario, Canada
Average Daily Oil Production - Barrels Primary Water Flood Programs Depletion Plan I Plan II
301 263 251 239 1,279 1,544 198 1 , 524 1,707 171 1,205 1,247 149 868 743 135 621 573 120 413 441 III 350 327 101 299 219
95 254 192 86 207 164 81 187 137 77 142 110 73 102 71 68 60 65 62 59 55 52 48 40 34 30 20
9 4 4
Plan III
330 1,685 1,800 1,625
767 548 397 329 243
Date
March 1, 1957 March 1, 1958 March 1, 1959 March 1, 1960 March 1, 1961 March 1, 1962 March 1, 1963 March 1, 1964 March 1, 1965 March 1, 1966 March 1 , 1967 March 1 , 1968 March 1, 1969 March 1, 1970 March 1, 1971 March 1, 1972 March 1, 1973 March 1, 1974 March 1, 1975 March 1 , 1976 March 1 , 1977 March 1 , 1982 March 1 , 1987 March I , 1992
Table 9
PREDIC TED PERFORMANCE
Primary Depletion and Water Flood Program
John Beattie
Sabjan Lease
RODNEY FIELD
Elgin County, Ontario , Canada
Average Daily Oil Production - Barrels Primary Water Flood Programs Depletion Plan I Plan II Plan
51 34 34 42 41 130 130 188 35 V 200 200 270 29 178 178 229 26 118 ll8 97 23 82 82 70 21 58 58 55 19 52 52 43 18 44 44 16 33 33 15 27 27 14 22 22 13 17 17 12 12 11 II 10 10
9 8 7 6
III
..
Table 10
PREDIC TED PERFORMANCE
Primary Depletion and Water Flood Program
Jim Beattie Leases
RODNEY FIELD
Elgin County , Ontario , Canada
Average Daily Oil Production - Barrels Primary Water Flood Pro~rams
Date Depletion Plan I Plan II Plan III
March 1 , 1957 March 1 , 1958 211 212 131 418 March 1 , 1959 155 795 825 1 , 400 March 1 , 1960 125 956 951 1, 400 March I , 1961 104 876 951 844 March 1 , 1962 90 651 647 493 March 1 , 1963 79 441 438 329 March 1 , 1964 70 312 301 260 March 1 , 1965 64 250 252 132 March I , 1966 59 202 214 March 1 , 1967 54 169 164 March 1 , 1968 50 144 137 March 1 , 1969 46 124 123 March 1, 1970 43 63 101 March 1 , 1971 41 50 80 March 1 , 1972 39 32 March I , 1973 37 March 1 , 1974 35 March 1 , 1975 33 March 1 , 1976 31 March 1 , 1977 30 March 1, 1982 26 March 1 , 1987 20 March 1 , 1992 16 March 1 , 1997 7 March 1 , 2002 6 March 1 , 2007 5 March 1 , 2012 5 March 1, 2017 4 March 1 , 20 22 4
Table 11
COMPARISON OF WATER INJECTION PROGRAMS
RODNEY FIELD
Elgin County, Ontario, Canada
Plan I Plan II Plan III Five- Staggered Staggered Spot Line Drive Line Drive
Number of Producing Oil Wells * 67 (13) 74 (58) 129 (36)
Number of Injection Wells * 80 (28) 102 (102) 154 (154)
Wells to be plugged & abandoned 18 99 27
Approximate Pattern Size-Acres 12 . 8 13 . 3 6 . 6
Capital Investments
Injection and Producing Wells $191 , 800 $751,200 $819,600
Water Injection Plant & Facilities $212 , 083 $227 , 243 $282,914
Total $403 , 883 $978 , 443 $1 , 102,514
Initial Injection Rate
Total Field - B WPD 4 , 800 6,120 6,160
Per Well - BWPD 60 60 40
* Figures in parentheses are number of wells to be drilled.
· '
Table 12
ECONOMIC COMPARISON
FUTURE FIELD PERFORMANCE
Primary Depletion and Water Flood Program - Plan I
RODNEY FIELD
Elgin County, Ontario, Canada
Primary Plan I Depletion Water Flood
Future Field Life- Years After March 1, 1957 65 15
Gross Oil Reserves 2,303,226 5,758,036
Net Oil Reserves to . 875 NWI 2,015,323 5,038,281
Gross Income to NWI $6,307,960 $15,769,821
Operating Expenses $3,168,285 $3,745,650
Net Income to NWI $3,139,675 $12,024,171
Capital Investments ---------- $403, 883
Net Profit to NWI $3,139 , 675 $11,620,288
Gain Over Primary ---------- $8,480,613
Discounted Net Income to NWI $2,259, 183 $10,088,010
Discounted Capital Investment ---- - ----- $399,036
Discounted Net Profit to NWI $2 , 259 , 183 $9,688,974
Gain Over Primary ---------- $7,429,791
..
Table 13
ECONOMIC COMPARISON
Primary Depletion and Water Flood Programs
Felmont Oil Corporation Working Interests
RODNEY FIELD
Elgin County, Ontario, Canada
Water Flood Programs Primarl: Depletion Plan I Plan II Plan III
Future Field Life - Years After March 1, 1957 60 15 14 9
Gross Oil Reserves 1,177,416 2,819,426 2,819,406 2,819,406
Net Oil Reserves 1,022,191 2,447,723 2,447,707 2,447,707
Gros s Inc ome to NWI $3,199,458 $7,661,373 $7,661,323 $7,661,323
Operating Expenses $1,554,470 $1 ,833,350 $1,832,250 $1,833,000
Net Income to NWI $1,644,988 $5,828,023 $5,829,073 $5,828,323
Capital Inve s tments ---------- $209,713 $415,597 $471,409
Net Profit to NWI $1,644,988 $5,618,310 $5,413,476 $5 ,356,9 14
Gain Over Primary ---------- $3,973,322 $3,768,488 $3,711,926
Dis counted Net Income to NWI $1,142,851 $4,878,271 $4,975,708 $5,051,076
Dis counted Capital Inve s tments ---------- $207,196 $410,610 $465, 752
Discounted Net Profit to NWI $1,142,851 $4,671,075 $4,5 65, 098 $4,585,324
Gain Over Primary ---------- $3,528,224 $3,422,247 $3,442,47 3
Table 14
ECONOMIC COMPARISON
Primary Depletion and Water Flood Programs
John Beattie Working Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Water Flood Program Primary Depletion Plan I Plan II Plan III
Future Field Life - Years After March I, 1957 35 13 13 8
Gros sOil Re se rve s 177,670 358,950 358,950 362,550
Net Oil Reserves to . 875 NWI 155,462 V 314,081 314,081 317,231
Gros s Income to NWI $486,596 V $983, 074 $983, 074 $992,933
Operating Expenses $281,900 V $235,600 $235,600 $235,500
Net Income to NWI $204,696 V $747,474 $747,474 $757,433
Capital Investments -------- $29,100 $52,107 $66,497
Net Profit to NWI $204,696 $718,374 $695, 367 $690,936
Gain Over Primary -------- $513,678 $490,671 $486, 240
Discounted Net Income to NWI $157,476 $622,078 $622, 078 $655,934
Discounted Capital Investments -------- $28,751 $51,482 $65,699
Discounted Net Profit to NWI $157,476 $593, 327 $570,596 $590,235
Gain Over Primary -------- $435,851 $413,120 $432, 759
Table 15
ECONOMIC COMPARISON
Primary Depletion and Water Flood Programs
Jim Beattie Working Interests
RODNEY FIELD
Elgin County, Ontario, Canada
Water Flood Program Primary DeEletion Plan I Plan II Plan III
Future Field Life - Years Afte r March 1, 1957 65 15 14 8
Gross Oil Reserves 677,000 1,925,540 1,925,540 1,925,540
Net Oil Reserves to .875 NWI 592,375 1,684,848 1,684,848 1,684,848
Gross Income to NWI $1,854,133 $5,273,574 $5,273,574 $5,273,574
Operating Expenses $902,885 $1,252,500 $1,252,000 $1,251,800
Net Income to NWI $951,248 $4,021,074 $4,021,574 $4,021,774
Capital Investments ---------- $129,320 $277, 328 $368, 370
Net Profit to NWI $951,248 $3,891,754 $3,744,246 $3,653,404
Gain Over Primary ---------- $2,940,506 $2,792,998 $2,702,156
Discounted Net Income to NWI $694, 330 $3,372,530 $3,353,986 $3,562,895
Discounted Capital Investments ---------- $127,768 $274,000 $363,950
Discounted Net Profit to NWI $694, 330 $3,244,762 $3,079,986 $3,198,945
Gain Over Primary ---------- $2,550,432 $2,385,656 $2 ,504,615
Date
Interva l
Oil Production,
B a rrels
Table 16
SUMMARY
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Cumul a tive
Oil Production ,
Barre ls
875 Net Working Interest
All L eases Combi ne d
ROD NEY FIELD
Elgin County, Ontario, Ca nad a
Gross Income Gross Oil Less Sev. Tax,
to NWI.(I) @ $301 300; 2) Ope r a ting Barrels per B arre l Expen ses
Net Income to NWI
C urn ul a ti ve Net Inc o me
t o NWI
Discounted Net Income to NWI @
50/0
Cumulative Disc oun ted Net Inc ome
to NWI
3-1-1957
3-1-1958
880.694
239.923 1.120.617 209.934 $ 657.095 $ 115.810 $ 541.285 $ 541,285 $ 528 ,3 97 $ 528 . 397
3-1-1959
3-1-1960
3-1-1961
3-1-1962
3-1-1963
3-1-1964
3-1-1965
3-1-1966
3-1-1967
3-1-1968
3-1-1969
3-1-1970
3-1-1971
3-1-1972
3-1-1973
3-1-1974
3-1-1975
3-1-1976
3-1-1977
3-1-1982
3-1-1987
3-1-1992
3-1-1997
3-1-2002
3-1-2007
3-1-2012
3-1-2017
3-1-2022
185.463 1.306.080
152,470 1,458,550
129,940 1,588.490
112.848 1,701,3 38
100.759 1,80 2 ,0 97
90.220 1.892.317
82,596 1,974.913
75.375 2 .050,288
69.873 2 .120.161
64,282 2 .184.44 3
59.904 2.244,347
56.720 2,301.067
53.579 2 . 354.646
50,160 2 ,404,806
47.737 2,452.543
45.508 2 ,498.051
43.254 2.541.305
40.938 2 ,582.243
38.906 2 .621,149
167.923 2 .789.072
124.035 2 .913,107
96,609 3 ,00 9 ,716
67.507 3,077.223
46.290 3.123.513
25.352 3,148,865
16.554 3,165,419
11,501 3.176,920
7,000 30183.920
162.281
133 .410
113.700
98 .740
88 .165
78.943
72.270
65. 953
6 1.139
56.246
52.415
49.630
46.882
43.891
41.770
39.820
37.847
35 .822
34.039
146 .936
10 8 . 529
84.534
59.068
40,505
22.182
14.484
10.063
60125
507.938 115.810 392.128 933 ,41 3
4 17.574 115,810 301.764 1,235,177
355.880 11 5 ,810 240 ,070 1,47 5,247
309 .057 115, 810 193,247 1 , 66 8 . 494
275. 956 115 . 810 160.146 1 , 828 .64 0
247.091 115.810 131,281 1 , 959 , 921
226.205 115,810 110, 395 2 , 070 , 316
206.434 1150100 91 . 334 2 . 16 1.65 0
191.365 114.3 90 76 . 9 75 2 . 238 . 625
176.0 50 113,6 80 62 , 370 2 . 300 , 995
164.059 109 , 87 0 54 ,1 89 2 , 355 .1 84
155.342 106,780 4 8 , 562 2 ,4 03 ,746
146.740 103.6 90 43 ,05 0 2 , 446 , 796
137.378 100,635 36,743 2 ,483 , 539
130.741 99.495 31,24 6 2 ,514,78 5
124.637 89.0 80 35,557 2 ,5 50 , 342
118. 4 59 78,665 39,794 2 ,5 90 ,1 36
1120124 68, 25 0 43.874 2 ,6 34 , 010
106.543 57.9 05 48,638 2 ,68 2 ,64 8
45 9 . 90 8 272,050 187, 858 2 ,870,5 06
339 .6 95 223 , 95 0 115 ,74 5 2 . 986,2 51
264 .593 191.890 72 ,70 3 3 . 058 , 954
184.883 145.475 39.408 3 ,098,362
126.780 104.125 22.655 3 .1 2 •• 017
69.430 57.625 11,805 3 .1 32 ,822
45.335 40.325 5.010 3 .137,832
31.497 30,325 1,17 2 3, 13 9, 0 04
190171 18,500 671 3tl39,675
TOTAL 2.303.226 2.015.323 $ 6,307.960 $ 3,168, 2 85 S 3,139,675
(1) NWI - estimated as .875 (2) Crude price $3.48 Ieee $ . ,5 tr&nspor t atiOft charge.
364.565 892.962
267.1 9 1 1,160,153
202 . 442 1 . 362 , 595
155 . 198 1 . 5 17 ,79 3
122 .49 1 1.640 . 28 4
9 5.632 1 , 735 . 9 16
76 .5 89 1, 8 12 . 505
60 . 347 1. 872,852
48.438 1, 921 . 290
3 7.37 9 1, 95 e , 66 9
30 , 929 1. 989 , 598
26,3 96 2 . 0 15 . ,94
22 , 287 2 . 03 8 . 28 1
18.117 2.056. 398
14,672 2.071.07 0
15. 900 2.086. 970
16.949 2.10 3 . 919
17.797 2,121 . 716
18 .789 2.140.5 0 5
62.691 2 . 203 .196
30.267 2 . 233 . 4 6 3
14,894 2.248 , 357
6.325 2.254.682
2.849 2.257.531
1.163 2.25 8 .694
386 2,259.080
71 2.259.151
32 2.2590183
$ 2.2590183
Date
..
Interval
Oil Production,
Barrels
Table 17 SUMMARY
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Felmont Oil Corporation Working Interests
Cumulative Oil
Production, Barrels
RODNEY FIELD
Elgin County. Ontario, Canada'
Gross Income Gross Oil Less Sev. Tax,
to NWI.(l)@ $3.1300(2) Operating Barrels per Barrel Expenses
" . 396,584 ... "0.'"
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5'/0
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958
3-1-1959
109,950 506,534 i ' ''''[ 5'455 $
593'869 ~. ;. 75,821
666, 1141{f f{ 62,721
728.656 54,297
298,774 $ 49,380 $ 249,394 $ 249,394 $ 243,455 $ 243,455
3-1-1960
3-1-1961
3-1-1962
3-1-1963
3-1-1964
3-1-1965
3-1-1966
3-1-1967
3-1-1968
3-1-1969
3-1-1970
3-1-1971
3-1-1972
3-1-1973
3-1-1974
3-1-1975
3-1-1976
3-1-1977
3-1-1982
3,- 1" 1987
3- 1-1992
3-1-1997
3-1-2002
3-1-2007
3-1-2012
3-1-2017
87,335
72,245
62.542
54,341 782.997
49.185 832,182
43,856 876.038
40,569 916,607
36.867 953.474
34.559 988.033
31,462 1,019,495
29.430 1.048.925
28,149 1.077,074
26.710 1.103,784
24,711 1.128.495
23.623 1.152.118
22,604 1.174.722
21.496 1.196.218
20.211 1.216.429
19,142 1,235,571
87,164 1.322.735
72,345 1,395.030
62,451 1,457,531
53.572 1,511,103
35.790 1.546.893
15.852 1.562.745
7.754 1.570,499
3.501 1.574,000
47017&
42,700
38,074
35,221
32,006
30,004
27,314
25,549
24,438
230190
21,453
20,508
19,624
18,662
17,547
16,618
75 , 673
6 2 . 807
5' .. 218
46.511
31,070
13,763
6.732
3,039
237,321 49.380 187,941
196,316 49,380 146.936
1&9.950 49.380 120.570
147,&60 49,380 98.280
133.651 4903 8 0 84.271
119.173 490380 69,793
110.241 490380 60.861
100,177 49,380 50.797
93,914 49.380 44.534
85,493 49,380 36.113
79.9&8 49.260 30.708
76,491 490140 270351
72,584 49.020 23.564
670149 48.905 18,244
640190 48,905 15,285
61,423 42.835 18,588
58.412 36,765 21,647
54.922 30,695 24,227
52.014 24.690 270324
236,857 1130382
196.586 121.675 74,911
169.702 121,075 48,627
145.580 117.750 27,830
97.249 82,800 14.449
43.078 360300 6,778
21.071 19,000 2,071
9.512 9.000 512
TOTAL 1,177,416 1,022,191 $ 3,199,458 $ 1.554,470 $ 1,644,988
(l) NWI - .868164 (2) Crude price $3.48 less $. 35 transportation charge.
437,335 174,731 418018&
584,271 1300101 548,287
704,841 101,672 &49,959
8030121 78,929 728.888
887,392 64,456 793,344
9570185 50,841 844,185
1.018,046 42,224 886,409
1,068,843 33.564 919,973
10113,377 28.023 947,99&
10149.490 21,644 969,640
101800198 17,527 98701&7
1,207,549 14,867 1.002,034
1,231,113 120199 1,014,233
1,249,357 8.995 1.023.228
1,264,642 7,177 1.030,405
1,283,230 8,312 1,038.717
1,304,877 9,219 1,047,936
1,329,104 9,828 1,057,764
1,356,428 10,556 1,068,320
1,469,810 37,836 1.1060156
1,544,721 19,589 1,125,745
1,593,348 9,962 1,135.707
1,6210178 4.468 101400175
1,635,627 1,817 1,1410992
1,642.405 668 1.142,660
1.644,476 160 10142,820
1,644,988 31 1,142,851
$ 1,142,851
Date
Table 18
ECONOMIC ANAL YSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Barrels Barrels
3.912
Felmont Oil Corporation
A. Braddon Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Les. Sev. Tax
to NWI,(l)@ $3,1300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1951
3-1-1958 1.150 5.122 1.519 $ 4.754 $ 950 $ 3.804 $ 3.804 $ 3.113 $ 3.113
3-1-1959 1.302 1.024 10131 3.541 950 2.591 6.395 2.409 6.122
3-1-1960 1.059 8.083 919 2.876 950 1.926 8.321 1.705 7.821
3-1-1961 815 8.958 160 2.319 950 1.429 9.150 1.205 9.032
3-1-1962 145 9.103 646 2.022 950 1.012 10.822 861 9.893
3-1-1963 648 10.351 563 1.162 950 812 11.634 621 10.514
3-1-1964 582 10.933 505 1.581 950 631 12.265 460 10.914
3-1-1965 528 11.461 459 1.436 950 486 12.751 337 11.311
3-1-1966 480 11.941 416 1.302 950 352 130103 233 11.544
3-1-1961 437 12.318 380 1.190 950 240 13 .343 151 11.695
3-1-1968 408 12.186 354 10108 950 158 13.501 95 11.790
3-1-1969 383 130169 332 1.039 830 209 13.710 119 11.909
3-1-1910 360 13.529 313 980 110 210 13.980 141 12.056
3-1-1911 341 13. 8 70 296 926 590 336 140316 114 12.230
3-1-1912 318 140188 276 864 475 389 14.705 192 12.422
3-1-1913 294 14.482 255 198 475 323 15.028 152 12.574
3-1-1974 281 14.16 3 244 164 475 289 15.311 129 12.103
3- 1-1975 275 15. 038 239 748 475 213 15. 590 116 12.819
3-1-1 976 263 15.301 228 714 475 239 15.829 91 12.916
3-1-1977 252 15.553 219 685 475 210 16.039 81 12.991
3-1-1982 1.097 16.650 953 2.983 2 .400 583 16.622 195 130192
3-1-1 987 250 16. 9 00 217 619 6eo 19 16.101 13.213
TOTA L 12.928 11.224 $ 35tl31 $ 18.4 30 $ 16.701 $ 13.213
(I) NWI - .868 164 (2 ) Crude pri ce $3.4 8 less $.35 tr ansportation c harge.
Date
Table 19
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production. Production,
Barrels Barrels
148.693
Felmont Oil Corporation
A. C. Gillies Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI.(l)@ 53el30C(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
50/.
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 32.807 181.500 28.482 $ 890149 $ 15.200 $ 73.949 $ 13.949 $ 720188 $ 720188
3-1-1959 26.700 208.200 230180 72.553 15.200 57.353 1310302 53.322 125.510
3-1-1960 22.300 230.500 19.360 60.597 15.200 450391 116.699 400196 165.706
3-1-1961 19.500 250.000 16.929 52.988 15.200 31.788 214.487 31.865 197.571
3-1-1962 16.500 266.500 14.325 44.837 15.200 29.637 2440124 23.802 2210373
3-1-1963 15.000 281.500 13.022 40.159 15.200 25.559 269.683 19.549 240.922
3-1-1964 13.200 294.700 11.460 35.810 15.200 20.670 2900353 255.979
3-1-1965 12.300 307.000 10.678 33.422 15.200 18.222 308.575 12.642 268.621
3-1-1966 11.000 318.00C 9.550 29.891 15.200 14.691 323.266 9.707 278.328
3-1-1967 10.500 328.500 9.116 28.533 15.200 13.333 336.599 8.390 286.718
3-1-1968 9.500 338.000 8.248 25.817 15.200 10.617 341.216 6.363 293.081
3-1-1969 9.000 347.000 7.813 24.454 15.200 9.254 356.410 5.282 2980363
3-1-1970 8.500 355.500 7.379 23.096 15.200 1.896 3640366 4.292 302.655
3-1-1971 8.000 363.500 6.946 21.141 15.200 6.541 310.907 3.386 306.041
3-1-1972 7.500 371.000 6.511 20.380 15.200 5.180 376.087 2.554 308.595
3-1-1973 7.000 378.000 6.077 19.021 15.200 3.821 379.908 1.794 310.389
3-1-1974 6.500 384.500 5.643 17.662 13.300 4.362 384.270 1.951 312.340
3-1-1975 6.500 391.000 5.643 17.663 11.400 6.263 390.533 2.667 315.007
3-1-1976 6.000 397.000 5.209 160304 9.500 6.804 397.337 2.760 317.767
3-1-1977 5 .500 402.500 4.775 14.946 7.600 7.346 404.683 2.838 320.605
3-1-1982 25.500 428.000 22.138 69.292 38.000 31.292 435.975 10.442 331.047
3-1-1987 22.000 450.000 190100 59.783 38.000 21.783 457.758 5.696 336.743
3-1-1992 18.200 468.200 15.800 49.454 38.000 11 .454 469.212 2.347 339.090
3-1-1997 16.300 484.500 140152 44.296 38.000 6.296 475.508 1.011 340.101
3-1-2002 8.500 493.000 7.379 23.096 21.050 2.046 477.554 257 340.358
TOTAL 344.307 298.915 $ 935.604 $ 458.050 $ 471 .554 $ 340.358
(I) NWI - .868164 (2) Crude price $3.48 less $.35 transportation charge.
Date
Table 20
ECONOMIC ANALYSIS OF FUTURE PRIMAR Y PERFORMANCE
Interval Cumulative
Oil Oil Production, Production.
Barrels Barrels
F e lmont Oil Corporation
J. D. Graham Leas e
RODNEY FIELD
Elgin County, Ontario, C anada
Gross Income Gros. Oil Less Sev. Tax,
to NWI~I)@ $3.1300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumula tive Discounted Net Income
to NWI
3-1-1557
3-1-1 958 13,80 0
48.1 26
61. 92 6 11.981 $ 37.501 $ 8.530 $ 28.971 $ 28.971 $ 28.281 $ 28.281
3- 1-1 95<; 1 1 03~ 3 73.25 9 9.839 30.796 8.5 30 22.266 51.237 20.701 48.982
3- 1-1 960 9,615 8 2.874 8 .347 260126 8. 5 30 17.596 68.833 15.580 64.562
3-1-1 961 8 ,400 91. 274 7.293 22.827 8.530 14. 297 83.130 12.056 76.618
3-1-1962 7.471 98.745 6.486 20.301 8.530 11.771 94.901 9.453 86.071
3-1-1963 6.737 105.482 5.848 18.304 8.530 9.774 104.675 7.476 93.547
3-1-1964 6.048 111.530 5.251 16,436 8.5 30 7.906 112.581 5.759 99.306
3-1-1 96 5 5.591 117.121 4.854 15.19 3 8.5 30 6.663 119.244 4.623 103.929
3-1-1966 5.125 122. 24 6 4.449 13.925 8.5 30 5.395 124.639 3.565 107.494
3-1-1967 4.731 126. 9 77 4.108 12,858 8.530 40328 128.967 2.723 110.217
3-1-1 968 4.42 9 13 1.40 6 3.845 12.035 8.530 3.505 132.472 2.101 112.318
3-1-1969 4.167 135.573 3.617 11.321 8.530 2.791 135.263 1.593 113.911
3-1-1970 3.935 139.508 3.417 10.696 8.530 2.166 137.429 1.177 115.088
3-1-1971 3.676 143.184 30191 9.987 8.530 1.457 138.886 754 115.842
3-1-1 9 72 3.486 146.670 3.026 9.472 8.530 942 139.828 464 116.306
3-1-1 9 73 3.297 149.967 2.863 8.961 8.530 431 140.259 202 116.508
3-1-1974 30179 1530146 2.760 8.639 7.460 1.179 141.438 527 11 7 .035
3-1-1 975 3.024 156.170 2.625 8.216 6.390 1.826 143.264 778 117.813
3- 1- 1976 2.860 159.0 30 2.483 7.772 5.320 2.452 145.716 995 118.808
3- 1-19 77 2.7 3 3 161.76 3 2.373 7.427 4.265 3.162 148.878 1.222 120.030
3-1-1 9 82 12.275 174.038 10.656 33.354 21.325 12.029 160.907 4.0110 124.044
3-1-1987 10.272 184.310 8.918 27.913 21.325 6.588 167.495 1.723 125.767
3-1-1 992 8.907 193.217 7.733 24.204 21.325 2.879 170.374 590 126.357
3-1-1997 6.783 200.000 5.889 18.433 18.000 433 170.807 70 126.427
TOTAL 151.874 131.852 S 412.697 S 241.890 S 170,807 126.427
(I) NWI - .868164 (2) Crude price $3 . 48 lesB $.35 tranBportation charge .
Date
Interval
Oil Production,
Barrels
Table 21
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
CutTlulative
Oil Production,
Barrels
Felmont Oil Corporation
E. J . MacMillan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI.(I) @ 5301300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @ 5'.
Cumula tive Discounted Net Income
to NWI
3-1-1957
3-1-1958 11.273
19.113
300386 9.787 S 30.633 S 7.600 S 23.033 S 23.033 $ 22.485 S 22.485
3-1-1959 10.000 40.386 8.681 27.172 7.600 19.572 42.605 18.196 40.661
3-1-1960 9.071 49.457 7.876 24.652 7.600 17.052 59.657 15.098 55.779
3- 1-1961 8.267 57.724 7.177 22 .464 7.600 14.664 74.521 12.534 680313
3-1-1 962 7.625 65.349 6.619 20.717 7.600 13.117 87.638 10.534 76.647
3-1-1963 7.000 72.349 6.078 19.024 7.600 11.424 99.062 8.738 67.565
3-1-1964 6.526 78.8E 5 .665 17.732 7.600 10.132 109.194 7.381 94.966
3-1-1965 601 5 0 85.02~ 50339 16.711 7 .600 9.111 116.305 6.321 101.267
3-1-1966 5.762 90.787 5 .003 15.659 7.600 8.059 126.364 5.325 106.612
3-1-1967 5. 391 96 ol 78 4.660 14.649 7.600 7.049 133.413 4.436 111.046
3-1-1968 5.125 1010303 4.449 13.925 7.600 6.325 139.738 3.791 114.639
3-1-1969 4. 880 1060183 4.237 13.262 7.600 5.662 145.400 3.232 118.071
3-1-1970 4.654 110.8 3 7 4.040 12.645 7.600 5.04 5 150.44 5 2.742 120.613
3-1-1 9 71 403 93 115.2 30 3 .614 11. 9 38 7.600 154.76 3 2.246 123.059
3-1-1972 4. 207 11 9 .4 3 7 3 . 653 11. 434 7 .600 3 . 83 4 158.617 1.890 124.949
3-1-1973 4.03 2 123.46S 3 .500 10. 9 5 5 7.600 3035 5 161.972 1.575 126.524
3-1-1 974 3. 844 12703 13 3 0337 10 .445 6 .6 50 3 .79 5 165.767 1.697 126. 2 21
? - 1 -1 9 7 ~ 3.69 7 1 3 1. 01 0 3 . 210 10 .047 5 .700 403 47 170.114 1.851 13 0 .072
3- 1-1 976 3 . 58 8 1 3 4, 590 3 .115 9 .750 4.750 5.000 175.114 2.0 26 13 2 01 00
3- 1-1 9 77 ::a,~57 138 .0 5 5 3 .001 9. 393 3 . 300 5. 593 160.707 20161 134. 261
3- 1- 19 8 2 15 .4 92 153 . 547 13 . 450 4 2 .09 8 19 .000 23 . 09 6 203. 8 0 5 7.7 08 141. 9 6 9
:' - 1-1 98 7 1 3 , :! 23 166. 87 0 11 . 566 36. 202 19 .000 17 . 202 221.007 4.496 146. 467
3- 1- 1992 11, 13 4 4 17 8 . 71 4 10. 263 32 . 186 19 .000 13 0166 234 0193 2.701 149.166
3-1- 19n 10,Ll. 89 18 9. 20 ;: 9 .106 28 .5 0 2 19 .0 0 0 9.5 02 243.69 5 1.525 150.693
3 - l - 2 C02 9 . 290 198 .49 , 8 .06 5 19 .00 0 6. 24 3 249.938 765 151.476
3- 1- 200 7 8 . 352 206 , 8 4 5 7. 25 1 22 .6 96 19.000 3 .69 6 253.634 364 151.642
3 - 1- 2 012 7 . 75 4 214. 59 ° 6 .7 32 21.071 19.0 0 0 2 . 07 1 2 55.705 160 15 2 .002
3- l- 2 J l "7 3 , 5 0 ~ 218 01 0 0 3 . 039 9 . 512 9.000 5 12 256.217 3 1 15 2 .033
TOTAL 198 , ~87 172 . 75 3 $ 540 07 17 $ 28 4. 50 0 S; 256. 217 152.033
(I) N WI - ,868 164 (2 ) Crud e pr ice $3. 48 le s s $.35 transpo rtati on c ha r ge .
Date
Table 22
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Barrels Barrels
Felmont Oil Corporation
John McMillan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI.(l)@ $301300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 50.320
176,680
227.000 43.686 $ 136.737 $ 170100 S 119.637 $ 119.637 $ 116.788 $ 116.788
3-1-1959 38,000 265,000 32.990 103.259 170100 860159 205.796 80.103 196.891
3-1-1960 30,200 295,200 26.219 82.065 17.100 64.965 270,761 57.522 254.413
3-1-1961 25,500 320,700 220138 69.292 170100 520192 322,953 44.012 298.425
3-1-1 962 22,000 342,700 190100 59.783 170100 42 ,683 365.636 34.279 332.704
3-1-1963 19,800 362,500 17.189 53.802 170100 36.702 402,338 28.072 360.776
3-1-1964 17,500 380.000 15.193 47,554 170100 30,454 432.792 22.184 382.960
3-1-1965 16,000 396,000 13,891 43.479 17,100 260379 4590171 18.301 401.261
3-1-1966 14,500 410,500 12.588 39.400 170100 220300 481.471 14.734 415.995
3-1-1967 13,500 424.000 11 .720 36.684 17,100 19,584 501,055 12.323 4280318
3-1-196e 12,000 436, 000 10.418 32.608 170100 15,508 516,563 9,294 437.612
3-1-1969 11 ,000 447,000 9 .550 29,892 17.100 12 .792 5290355 7.301 444.913
3-1-1970 10,700 457,700 9 .28 9 29.074 17,100 11,974 5410329 6.509 451.422
3-1-1971 10,30 0 41'>8,000 8.943 27.992 170100 10,892 552,221 5.639 457.061
3-1-1972 9,200 477,200 7,987 24.999 17,100 7.899 5600120 3,895 460.956
3-1-19B 9,000 486,200 7,813 24.455 17.100 7.355 567.475 3.454 464.410
3-1-197" 8,800 495,000 7.1'>40 23.913 14,950 576,438 4,008 468.418
3-1-1975 8,000 503.000 6 .94 5 210738 12.800 8,938 5850376 3.807 472.225
3-:-1976 7,500 510,500 6.512 2003 8 2 10.650 9,732 595010 8 3.948 4760173
3-1-1 9 77 7 ,20 0 517,700 6.250 19.563 8.550 11,013 1'>060121 4,254 480.427
:;-1 -1 g e 2 32,800 550,500 28 .476 89.130 42.750 460380 652,501 15.477 495.904
3- 1-1 987 26 , 5eo 577,000 23.006 72,009 42,750 29,259 681,760 7.651 503.555
3-1-19 92 23,500 1'>00,500 20,402 63.858 42,750 2 1 tloe 702,868 4.3 24 507.879
3-1-1 9 97 20,00D 620,50 ·:J 17.364 54,349 42,750 714,467 1.862 509 .741
3-1- 2002 18,000 638,500 15.626 48.910 42,750 1'>,160 720,627 775 510,516
3-1 - 2007 7,50 C 1'>4 6 , 000 6.512 200382 17 ,300 3 , 092 723,709 304 510 ,82 0
TOTAL 46903 20 407.447 $ 1,275, 3 0 ~ $ 551,600 $ 7230709 510.6~0
(1) NWI - .868164 (2) Crude price $3.48 less $.35 transportation charge
Date
3-1-1957
Table 23
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production. Production,
Barrels Barrels
85.550
John Beattie
Sabjan Lease
RODNEY FIELD
Elgin County, Ontario. Canada
Gross Income Cumulative Gross Oil Less Sev . Tax,
to NWI,(l)@ 5301300(2) Operating Net Income Net Income Barrels per Barrel Expense\! to NWI to NWI
Discounted Net Income to NWI @
5'.
, ]
Cumulative Discounted Net Income
to NWI
3-1-1958 18.571 - 104.121 16.250 $ 50.863
, ~? ;,~?:~,LYY,.~ $ 11.400 $ 39.463 S 39.463 S 38.523 $ 38.523
3-1-1959 15.000 - 119.121 13.125
3-1-1960 12.600 131.721 11.025
3-1-1961 10.750 142.471 9.406
3-1-1962 9.538 152.009 8.346
3-1-1963 8.400 160.409 70350
3-1-1964 7.688 168.097 6.727
3-1-1965 6.944 175.041 6 .076
3-1-1966 6.400 181.441 5.600
3-1-1967 5.35 7 187.298 50125
3-1-1968 5.478 192.776 4.793
3-1-1969 197. B5? 4.447
3-1-1970 4.8C8 202 .667 4. 207
3-1-1 9 71 4.519 207 0186 3 . 955
3-1-1 9 72 4.241 211.427 3 . 710
3- 1-1 913 4.067 215.494 3 .5 59
3-1-1 974 3.875 21 9 .369 3 . 391
3 - 1-19 7 5 3.697 223 .066 3.235
3-1-1 976 3 .514 226 .580 3 . 074
3- 1-1 9 77 30351 229 . 93 1 2 . 932
3-1-1 982 14.941 244 . 8 72 13.074
3- 1-1 9 87 12.514 2570386 10.950
3- 1-1 992 5.834 263 .2 20 5 .1 05
TOTAL 177.670 155.462 ~
(I) NWI - estimated as .875 (2) Crude price $3.48 less $.35 transportation cha r ge.
41.081 11.400
34.508 - Jf/tR,I.400
29 .441 - 11 .400
26.123 -3 11.400
23.005 - 3 11.400
21.056 -~ 11.40C
19 .018 -?' 11.400
17.528 - / _ 11.400
16.0 4 1 - ~ 11.400
15.002 - ~ 11.400
13. 9 19 -~ 11.400
13 .168 11.400
12 . 379 11.400
11.612 11.400
11.140 10.2 60
10.614 9.120
10.126 7.98C
9 .6 2 1 6 .840
9 .177 5.700
40.922 28.50C
34. 273 28.500
15.979 14.000
486.596 $ 28 1.9 00 $
29.681 69.144 27.595 66.118
23 0108 v' 92.252 20.461 86.579
18.041 110.293 15.213 101.792
14.723 125.016 11.824 113.616
11.605 136.621 8.876 122.492
9 .656 146.277 7.034 129.526
7.618 153.895 5.285 134.811
6.1 28 160.023 4.049 138.860
4.641 164.664 2.920 141.780
3.602 168.266 20159 143.939
2.519 170.785 1.438 145.377
1.768 172.553 961 146.338
979 173.532 507 146.845
212 173.744 105 146.950
880 174.624 413 147.363
1.494 176.118 668 148.031
2 .146 178.264 914 148.945
2 . 78 1 181.045 1.1 28 150.073
3 .477 184.522 1.343 151.416
12.422 196.944 40145 155.561
5.773 202.717 1.510 157.071
1.979 204.696 405 157.476
204.696 $ 157.476
Date
Interval
Oil Production,
Barrels
Table 24
SUMMARY
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Cumulative
Oil Production,
Barrels
Jim Beattie Viorking Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI,(l)@ $3.1300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
50/0
Cumula tive Discounted Net Incoroe
to NWI
3-1-1957
3-1-1958 76.867
186.200
263.067 67.260 $ 210.524 $ 31.330 $ 1790194 $ 1790194 $ 174.928 $ 174.928
3-1-1959 56.438 319.505 490383 154.569 31.330 123.239 302.433 114.576 289.504
3-1-1960 45.600 3650105 39.899 124.883 310330 93.553 395.986 82.835 372.339
3-1-1961 37.929 403.034 330189 103.882 31,330 72.552 468.538 61.181 433.520
3-1-1962 32.691 435.725 28.603 89.527 31.330 58.197 526.735 46.738 480.258
3-1-1963 28.711 464.436 250123 78.635 31.330 470305 574.040 36.183 516.441
3-1-1964 25.692 t,90 0128 22.481 70.365 31.330 39.035 613.075 28.435 544.876
3-1-1965 23.333 513.461 20.415 63.900 31.330 32.570 645.645 22.596 567.472
3-1-1966 21.385 534.846 18.712 58.568 31.330 27.238 672. 8 83 17.997 585.469
3-1-1967 19.550 554.396 l7ol07 53.546 31.330 22.216 695.099 13.979 599.448
3-1-1968 180194 572.590 15.919 49.826 31.330 18.496 713.595 11.085 610.533
3-1-1969 16.875 589.465 14.766 46,218 30.620 15.598 7290193 8.902 619.435
3-1-1970 15.803 605.268 13.828 43.282 29.910 130372 742.565 7.268 626.7 03
3-1-1971 14.849 620.117 12.992 40.664 29.200 11.464 754.029 5.934 632.637
3-1-1972 140142 120375 38.734 28.480 10.254 764.283 5.056 637.693
3-1-1973 13.366 647.625 11.695 36.605 28.480 80125 772.408 3.815 641.508
3-1-1974 12.668 660.293 11.094 34.694 25.275 9.419 781.827 4.213 645.721
3-1-1975 12.000 672.293 10.500 32.86 3 22.070 10.793 792.620 4.597 650.318
3-1-1976 11 .438 683.731 10.010 31.332 18.865 12.467 805.087 5.057 655.375
3-1-1977 10.901 694.632 9 .537 29.852 15.665 it .. 187 819.274 5.480 660.855
3-1-1982 470130 741.762 41.240 129.080 77.275 51.805 871.079 17.288 679.143
3-1-1987 35.379 777 0141 30.956 96.892 54.075 32.817 903.896 8.582 686.725
3-1-1992 280324 805.465 240783 77.571 56.815 20.756 924.652 4.252 690.977
3-1-1997 13.935 819.400 120193 380164 27.725 10.439 935.091 1.675 692.652
3-1-2002 10.500 829.900 90188 28.758 210325 7.433 942.524 935 693.587
3-1-2007 9.500 839.400 8.312 26.017 21.325 4.692 947.216 462 694.049
3-1-2012 8.800 848.200 7.700 24.101 21.325 2.776 949.992 214 694.263
3-1-2017 8.000 856.200 7.000 21.910 21 0325 585 950.577 35 694.298
3-1-2022 7.000 863.200 60125 190171 18.500 671 951.248 32 6940330
TOTAL 677.000 592.375 $ 1.854,133 $ 902.885 $ 951.248 $ 6940330
(1) NWI - estimated as .875 (2) Crude price $3. 48 less $. 35 transportation charge.
Date
Table 25
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production.
Barrels Barrels
Jim Beattie
J. Braddon Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI,(I)@ $3.1300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
50/.
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 44,667
107,000
151,667 39,084 $ 122.333 $ 13,300 $ 109,033 ~ 109,033 $ 106,437 $ 106,437
3-1-1959 29,200 180,867 25,550 79.971 13,300 66,671 175,704 61.985 168.422
3-1-1961 18,42 9 199,296 160126 50,474 13,300 370174 212,878 31,348 199,770
3-1-1962 15,500 214,796 13,562 42,449 13,300 29,149 242,027 23,410 2230180
3-1-1963 13,200 227,996 11 , 550 360152 13,300 22,852 264,879 17.479 240,659
3-1-1964 11,636 239,632 10.182 31,869 13,300 18,569 283.448 13.527 2540186
3-1-1965 10,417 250.049 9.114 28.527 13 .300 15,227 298,675 10,564 264,750
3-1-1966 9,385 259,434 8.212 25.704 13,300 12,404 311,079 8.196 272.946
3-1-1967 8,467 267,901 7.409 230190 13,300 9,890 32 0,969 6.223 2790169
3-1-1968 7,813 275,714 6,836 21,397 13,300 8,097 329,066 4,853 284,022
3-1-1969 7,23 5 282,949 6.331 19,816 13, 300 6,516 335,582 3,719 287,741
3-1-196 0 22,500 305,449 19.687 61,621 13,300 480321 383,903 42.785 330.526
3-1-1970 6,77e 312,227 5,931 18,564 13,300 5,264 3890167 2,861 3330387
3-1-1971 6,250 318,477 5.468 170114 13,300 3,814 392,981 1,974 335.361
3-1-1972 5,90 5 324,382 50167 16 tl 73 13,300 2,873 395,854 1,417 336.778
3-1-1973 5,545 329,927 4,852 15,187 13,300 1,887 397,741 886 337.664
3-1-1974 5,250 335,177 4,594 140379 11 ,640 2,739 400,480 1.225 338.889
3-1-1975 4,960 3400137 4,340 13 ,584 9,980 3,604 404,084 1.535 340.424
3-1-1976 4,731 344,866 4,140 12 ,959 80320 4,639 408,723 1.882 342.306
3-1-1977 349.387 3 .954 12 ,376 6,650 5,726 414,449 2,212 344,518
3-1-1982 19, 825 369, 2 12 17.347 54,296 33,250 21,046 435,495 7,023 351.541
3-1-1987 16,42'1 385 ,641 14.375 44,99 3 33,250 11,743 447,238 3,071 354.612
3-1-1992 13,924 399,565 12.183 380133 33,250 4,883 4520121 1,000 355.612
3-1-1997 2,4 35 402,00 0 2,131 6 , 6 70 6,400 270 452,391 43 355.655
TOTAL 295, 000 25 80125 1 807, 93 1 $ 355 ,540 $ 4520391 $ 355,655
(l) NW1 - estimated as .875 (2) Crude price $3.4 8 less $.35 transportation c harg e.
Date
Interval
Oil Production,
Barrels
Table 26
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Cumulative
Oil Production.
Barrels
10.200
Jim Beattie
Colthart Lease
RODNEy FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI~I) @ 53.1300(2) Operating Barrels per Barrel Expens e s
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 7.200 17.400 6.300 $ 19.719 $ 3.800 $ 15.919 S 15.919 5 15.540 $ 15,540
3-1-1959 6.800 24.200 5.950 18.624 3.800 14.824 30.743 13.782 29.322
3-1-196 0 5.300 29.500 4.638 14.516 3.800 10.716 41.459 9.488 38.810
3-1-1961 4.400 33.900 3.850 12,051 3 . 8 00 8.251 49,710 6,958 45.768
3-1-1962 3.650 37.550 3.193 9.994 3.800 60194 55.904 4.974 50.742
3-1-196 3 3.350 40.900 2.932 9.177 3. 800 50377 61.281 4.113 54.855
3-1-1964 2.850 4 3 .750 2 .493 7.80 3 3 ,8 00 4.003 65.284 2 .916 57,771
3-1-1965 2.500 46.250 2 0188 6.849 3.800 3.049 68.333 20115 59.886
3-1-1966 2.300 48.550 2 .01 2 6.297 3 .800 2,497 70,830 1.650 61.536
3-1-1 967 2.050 50.600 1.794 5 .616 3 .800 1. 8 16 72.646 1.143 62.679
3-1-196 8 1.950 52.550 1 .706 5 .33 9 3 . 800 1.539 740185 922 6 3 .601
3- 1-196 9 1.800 54,350 1.575 4,930 3 .800 1.130 75.315 645 64.246
3-1- 1970 1 , 650 §6.000 1. 44 4 4.520 3 .800 720 76,035 391 64,637
3 - 1-1 971 1 .5 00 57.550 1. 356 4.244 3 , 800 444 76 .479 230 64,867
3- 1-197 2 1.500 59. 050 1. 313 401 10 3.800 3 10 76.78 9 153 65.020
3 - 1- 197 3 1.400 60,4 50 1.225 3,834 3,800 34 76,823 16 6 5 .030
, -1-1 974 1.30 0 61.750 10137 3 . 5 59 3 .3 25 234 77.057 105 650141
3- 1-1 97 5 1,200 6 2 , 95J 1.050 3 .2 86 2.85 0 436 77.493 186 65.327
3- 1-1 976 1 ,1 5:) 1 .007 3.152 2.375 777 78 . 27 0 315 65.642
3- 1- 19 77 1 ,1 00 65, 200 962 3 ,01 1 1. 90 0 1011 1 790381 429 66.071
3-1-1 982 4,850 7 0 . 050 4.244 1 3 . 284 9 . 500 3.784 830165 1.263 67.334
3-1-1 987 4,O ~C 740100 3 .544 11.093 9 . 50 0 1.5 93 84.758 417 67.751
3-1-1 99 2 900 75.000 787 2 .46 3 2 . 240 223 84 .981 46 67.797
TOTAL 64,8 00 56 ,100 ~ 177.471 $ 9 2 . 4 9 0 $ 84 . 98 1 $ 67.797
(1) NWI - est im ate d as .875 (2) Crude price $ 3.48 less $ .35 transportation charg e.
Date
Table 27
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative Oil Oil
Production, Production, Barrels Barrels
Jim Beattie
N. D. McMillan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI,(I)@ 53.1300(2) Operating Barrels per Barrel Expenses
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 13.500
17.000
30.500 11.813 $ 36.975 5 8.530 S 28.445 S 28.445 S 27.768 $ 27.768
3-1-1959 12.000 42.500 10.500 32.865 8.530 24.335 52.780 22.624 50.392
3-1-1960 11 .100 53.600 9.712 30.398 8.530 21.868 74.648 19.363 69.755
3-1-1961 9,600 63.200 8.400 26.292 8,530 17.762 92.410 14.978 84.733
3-1-1962 8,800 72.000 7.700 24.101 8.530 15.571 107.981 12.505 97.238
3-1-1963 8.000 80,000 7.000 21.910 8.530 13,380 121.361 10.234 107.472
3-1-1964 7,500 87.500 6.563 20.542 8.530 12,012 1330373 8.750 116.222
3-1-1965 7,100 94,600 6.212 19,444 8.530 10.914 144.287 7.572 123.794
3-1-1966 6,700 1011300 5.863 189351 8.530 9.821 1540108 6.489 130.283
3-1-1967 6,300 10 7 ,600 5.512 17,253 8.530 8.723 162.831 5.489 135.772
3-1-1968 5,900 113,500 5,163 16,160 8.530 7,630 170,461 4.573 140.345
3-1-196 9 5,500 119.000 4.812 15,062 8.530 6,532 176,993 3.728 144.073
3-1-1970 5,200 124,200 4.550 14.241 8.530 5.711 182,704 3.104 147.177
3-1-1 971 5,000 129,200 4,375 13.694 8.530 5.164 187.868 2.673 149.850
3- 1-19 72 4, 800 134,000 4,200 13 ,146 8.530 4.616 192,484 2.276 1520126
3-1-197 3 4,600 138.600 4.025 12.598 8.530 4.068 196,552 1.910 154.036
3- 1-1974 4,400 143,000 3.850 12,051 7.460 4.591 201 tl43 2.053 156.089
3- 1-1975 4, 200 147,200 3.675 11,502 6.390 5,112 206.255 2.177 158.266
3-1-1 9 76 4, 000 151,200 3.500 10,955 5.320 5,635 211,890 2.286 160.552
3- 1-1 9 77 3 , 600 155,000 3.325 10,408 4.265 6,143 218.033 2,373 162.925
3-1-1 9 fl 2 17 ')CO 172 dCO 15tl38 471381 21 .325 26,056 244,089 8.695 171.620
3 - 1- 198 7 14 , , 00 187,200 13.037 40,806 21.325 19,481 263,570 5.094 176.714
3-1-19 92 13 ,50 0 200,700 11.813 36.975 21.325 15,650 279,220 3.206 179.920
3- 1-19 97 11 , 500 212,200 10.062 31,494 210325 100169 289,389 1.632 181.552
3-1- 2002 10 ,50 0 222 , 700 9 tl88 28.758 21.325 7.433 296.822 935 182.487
3- 1- 200 7 9 ,50C 232,200 8.312 26,017 21.325 4,692 301.514 462 182.949
3-1-20 12 8 ,800 241, 000 7.70C 240101 21.325 2,776 304,290 214 183 tl63
3-1-20 1 7 8 , COO 24 9 ,000 7.000 21,910 21.325 585 304,875 35 183.198
3- 1- 2022 7, 000 2 56,000 6,125 19 0171 18.500 671 305,546 32 183.230
TOTA L 2 39,CO O 2090125 ~ 65 4 ,561 $ 349.015 $ 305,546 183.230
(1) NWI - estimate d as .875 (2) Crude pric e $3. ,. 8 less $,35 transportation charge.
Table 28
ECONOMIC AN ALYSIS OF F UTURE PRIMARY PERF ORMANCE
Jim B eattie
F. Wright Lease
RODNEY F IELD
E l gin County, Ontari o, Canada
Inte r va l Cum ul a tiv e Gross Income Discounted C umulative Oil Oil G ros s Oil L e s s Sev. Tax, Cumulative Net Income Discounted
P roduction , P roduction , to NWI. (I) @ $3 . 1300 (2 ) Operating Net Income Net Income to NWI @ Ne t IncoITle Date Bar r e l s Barrels B arrels per Bar r el E XEe nses to NWI to NWI 5"/0 to NWI
3- 1- 1957 52 . 000
3- 1-1958 11.500 63 . 500 10,063 $ 31 , 497 $ 5.700 $ 25,797 $ 25 . 79 7 $ 2501 83 $ 25 . 183
3-1 -1 959 8 . 438 7 1. 938 7 , 383 230109 5 .7 00 17,409 43 , 206 16018 5 4 1 03 68
3 - 1- 1960 6 . 700 78 , 638 5 , 862 18 , 348 5 , 700 12 ,6 48 55 . 85 4 1101 99 52 , 56 7
3- 1- 196 1 5 . 500 84 01 38 4 , 8 1 3 15 , 065 5 .7 00 9 . 365 65 . 219 7,897 60,464
3- 1- 1962 4,741 88 , 879 4 01 48 12 , 983 5 . 700 7.283 72.502 5.849 66 .3 13
3-1 -1 963 4 .1 61 93 . 040 3 , 641 11.396 5 .700 5 . 696 780198 4,35 7 70 ,670
3- 1-1964 3,70 6 96 . 746 3 , 243 10.151 5 . 700 4 . 451 82 . 649 3 , 242 73,912
3-1-1965 3,316 100,0 6 2 2 . 901 9 . 080 5 , 700 3 . 38 0 86 . 029 2 ,345 76, 2 57
3- 1-1966 3 . 000 lC3,062 2 , 625 8,216 5 . 700 2 . 5 16 88 . 5 4 5 1,662 77, 9 19
3- 1- 1967 2 . 733 lC5 . 795 2 , 392 7 . 487 5.700 1.187 90.332 1 , 124 19, 0 43
3 - 1- 1968 2.531 lC80326 2 . 214 6 . 930 5.700 1 .230 91 . 56 2 737 1 9.18 0
3-1-196S 2 . 340 110 . 6 6 6 2 , 048 6 . 410 4.990 1. 420 92 . 98 2 81 0 80 , 5 9 0
3- 1-1970 2.175 112.84\ 1 . 903 5 . 957 4.280 1 . 677 94 .65 9 9 12 81 , 502
3- 1-1 971 2 . 049 114 . 890 1 , 793 5.612 3.570 2.042 96. 70 1 1, 05 1 82, 559
3-1-1 972 1 . ,,37 1 16 . 827 1 , 695 5.305 2.850 2 . 455 99 01 56 1.210 8 3 .769
3- 1-197: I . 821 11 8 . 648 1 , 593 4 . 986 2.850 2 tl 36 101 ,292 1,003 84 ,112
3-1-1974 1 . 7 1 8 1209366 1, 503 4 ,705 2 , 850 1 . 855 103 tl47 8 30 85,60 2
3- 1-1975 1 . 640 122.006 1 , 435 4 . 49 1 2 . 850 1 . 64 1 104 . 788 699 86, 301
3- 1-1976 1 . 557 123 . 563 1 , 363 4 , 266 2 . 850 1 . 416 106 ,204 574 86, 815
3- 1-1977 1 , 482 125 . 043 1 , 296 4 ,0 57 2,850 1 , 20 7 10 7 , 4 11 466 81,341
3- 1- 198 2 5 01 55 130 . 20 0 4, 511 14 011 9 13 . 20 0 919 108. 33 0 30 7 87,648
TOTAL 78 . 200 68 , 425 $ 214 tl 70 $ 105 . 840 $ 10 80330 $ 8 7,648
(1) N WI - estimated as .815 (2) Crude price $3. 48 less $.35 transpor tation c harge.
Date
Table 29
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Barrels Barrels
A. Comfort
Tunks Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI.(l) @ $301300(2) Operating Barrels per Barrel Expens e s
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1957
3-1-1958 6.213
28.800
35.013 5.489 $ 110181 $ 3.800 $ 13 .~ 8J $ 130381 $ 1 3 .062 $ 13.06 2
3-1-1959 4.815 39.888 4.213 13. 186 3.800 9.386 22 .767 8 .726 21.78 8
3-1-1960 4.000 43.888 3.500 10.955 3.800 70155 29 . 922 6033 5 2 B.12?
3-1-1961 3.421 47.309 2.993 90368 3.8OC 5.568 32.818
3-1-1962 2.930 50.239 2.564 8.026 3.800 4.226 39 .716 3 .394 36 .21 2
3-1-1963 2.592 52.831 2.268 1.099 3 .800 3 .299 43.015 2.523 36 .135
3-1-1964 2.327 550158 2.036 60312 3 .600 2 .572 45.5 8 7 1.874 <' 0 .6 09
3-1-1965 2.098 51.256 1.836 5.141 3 .800 1.947 47.5 34 1.351 ~ 1 . 96C
3-1-1966 1.922 59.118 1.682 5.265 3.aoo 1.465 48.999 968 42.92 0
3-1-1967 1.183 60.961 1.560 4.882 3 .800 1.082 50.081 681 .. 3.6 09
3-1-1968 1.640 62.601 1.435 4.492 1 .800 692 50.713 415 4':".024
3-1-1969 1.519 64.120 1.329 4.160 3 .3 20 840 51.613 <'79 4".5C3
3-1-1970 1.425 65.545 1.241 3.903 2.840 1.063 52.676 578 :. 5 . 081
3-1-1971 1.348 66.89 3 1.119 2 .360 10330 54 .006 689 ~ 5 ,77 'J
3-1-1972 1.263 680156 1.106 3 .46 2 1. 90 0 1.562 55 . 568 710 46.540
3-1-1973 10192 69.348 1.043 3 .264 1.90C ,.364 56.932 640 470180
3-1-1974 1.136 10.484 994 3.112 1.900 1.212 58 .14" 542 41.722
3-1-1975 1.07 8 71.562 943 2.951 1. 900 1 .0 51 59 .1 95 480110
3-1-1976 1.033 72.595 904 2.830 1.900 930 600125 3 71 48.541
3-1-1911 983 13.518 860 2.692 1.900 792 60.917 3G6 ,+8.853
3-1-1982 4.309 77.881 3.710 11.800 9.500 2.300 63.211 768 49.621
3-1-1981 2.013 79.900 1.761 5.512 5.000 512 63.729 134 49.155
TOTAL 51.100 44.712 $ 139 . 949 $ 76.220 $ 63.129 $ 49.755
(I) NWI - estimated as .875 (2) Crude price $3.48 les s $. 35 transportation charge.
Date
3-1-1957
Table 3 0
SUMMARY
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Barrels B a rrels
98.960
Dominion Natur a l Gas Working Interests
RODNEY FIELD
Elgin County , Ontario , Canad a
Gross Income Gross Oil Less Se v . Tax,
to NWI,(l)@ $3 .1300(2) Operating Barr els per Barrel Expenses
Net Income to NWI
Cumulative N et Income
to NWI
D iscounted Net Income to NWI @
5%
Cumulative Discounted Net Income
to NWI
3-1-1958 17,976 116,936 15,72 9 49 . 232 13,300 $ 35, 932 $ 35,932 $ 35,076 $ 35 . 0 76
3-1-1959 14tll0 131,046 12,346 38,643 13,3 00 25,343 61,275 23 , 56 2 58,638
3-1-1960 11,692 14 2 , 738 10,231 3 2 , 022 13,300 18 ,722 79,997 16, 577 75,215
3-1-1961 9 , 978 152 ,716 8 ,7 3 1 27 , 329 1 3 .300 14,029 94 ,0 26 11,830 87.045
3-1-1 9 6 2 8,777 161.49 3 7,679 24 ,0 35 1 3 , 300 10,735 104 ,761 8 ,6 2 1 95 .666
3-1-1963 7,840 169.333 6 , 860 21,472 13 , 300 8 ,17 2 112,93 3 6 , 251 101 , 917
3-1-1964 7 , 057 17 6.390 6 , 176 19 . 3 3 1 13, 300 6.031 118,964 4 , 393 106 , 3 10
3-1-1965 6 ,421 182.811 5 , 6 18 17,584 13 , 3 00 4 , 284 123,248 2 ,973 10 9 ,283
3-1-1966 5,872 188.68 3 5 tl37 16,079 12 , 590 3 ,489 126,737' 2.305 111,588
3-1-1967 5,407 194 ,090 4,732 14,811 11,8 80 2 , 9 3 1 129,668 1 , 84 5 113,433
3-1-1968 5,008 199,098 4,382 13 ,71 5 11,170 2 ,54 5 132 . 213 1 ,525 114,95 8
3-1-196 9 4,657 203, 75 5 4.075 12.756 9 , 50 0 3,256 13 5 , 46 9 1 . 859 116,817
3- 1-1970 4, 36 0 208tl15 3 ,814 11,9 37 8 , 550 3 , 387 138 , 856 1.841 11 8 ,65 6
3-1-1 97 1 4,104 2 12 .219 3 , 592 11 , 243 7 ,6 0 0 3 ,64 3 142,49 9 1,886 120.544
3-1-1972 3 , 866 216 ,085 3 . 382 10,586 ~ , 650 3 ,936 146, 43 5 1, 940 122,484
3- 1-1973 3,668 2 19 ,75 3 3 . 2 10 10 ,048 6 , 6 50 3 , 398 149 ,8 33 1 .5 96 12 4 . 08 0
3-1-1974 3,48 2 223 ,235 3 .047 9,536 6,650 2 , 886 152,71 9 1,290 125.370
3-1 -1975 3 , 334 226 ,569 2 , 9 17 9,130 6 ,6 50 2 ,48 0 155tl99 1 .056 126,426
3-1-1976 3 .17 8 229 ,747 2 ,781 8 ,70 5 6,650 2 ,05 5 157.254 834 127,260
3-1-1977 3,029 232 .776 2 . 650 8 . 294 6 ,6 50 1,644 158.898 635 127,895
3-1-1982 9 ,640 242 ,416 8,435 26,402 22 , 300 4 tl0 2 163,000 1,369 129,2 64
3-1-1987 1,784 24 4,200 1,561 4,886 4,700 186 163tl86 49 12 9, 313
TOTAL 145,240 127.085 $ 397,776 $ 234 , 590 $ 163 ,186 $ 129 ,313
(l) NWI - estimated as . 875 (2) Crude price $ 3. 48 l e ss $.35 transportation charge .
Date
Table 31
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Barrels Barrels
Dominion Natural Gas
F. G. Purcell Le ase
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev . Tax,
to NWI ,(1) @ $3.1300(2) Operating Barrels per Barrel Expens e s
Net Income to NWI
Cumulative Net Income
to NWI
Discounted Net Income to NWI @
5%
Cumulative Di scounte d Net Income
to NWI
3-1-1 957
3-1-1958 12.000
71.343
83.343 10.500 $ 32.865 $ 7.600 $ 25.265 $ 25.265 $ 24.663 $ 24.663
3-1-1959 9 .28 6 92.629 80125 25.431 7.600 17.8 31 43.096 16.578 41.241
3-1-1 960 7.588 100 .217 6.640 20.783 7.600 13tl83 56.279 11.673 52.914
3-1-1961 6.450 106.667 5.644 17.666 7.600 10.066 66.345 8.488 61.402
3-1-1962 5.609 112.276 4.907 15.359 7.600 7.759 74.104 6.231 67.633
3-1-1963 4.960 117.236 4.340 13.584 7.600 5.984 80.088 4.577 72. 2 10
3-1-1964 4.429 121.665 3 . 876 12 0132 7.600 4.532 84.620 3.301 75.511
3-1-1965 4.031 125.696 3 .5 27 11.040 7.600 3.44C 88.060 2.387 77.898
3-1-1966 3 .676 129.372 3 . 216 10.066 7 .600 2 .466 90.526 1.629 79.527
3-1-1 967 3.405 132.777 2 . 980 90327 7.600 1.727 92.253 1.087 80.614
3-1-1 9(1) 30150 135. 92 7 2 .756 8 .626 7.600 1.026 93.279 615 81.229
3-1-1 96 9 2.929 138.856 2 .563 8 .023 6.650 1.373 94.652 784 82.013
3-1-1970 2.733 141.589 2 . 391 7.483 5.700 1.783 96.435 969 82.982
3- 1- 19 71 2 .56 3 1440152 2 . 243 7 .021 4.750 2.27 1 98.706 1.176 84.158
3- 1-1 9 7 2 2.41 2 146.564 2 .1 10 6.604 3.800 2 . 804 101.510 1.382 85.540
3- 1-197 3 2.278 14 8 . 842 1. 994 6 .242 3.800 2.442 103.952 10147 86.687
3- 1-1 9 74 20158 15 1.000 1 . 888 5 .909 3.800 2.109 106.061 943 87.630
3-1- 19 75 2.067 15 3 . 067 1. 80 9 5 .66 2 3 . 800 1.862 107.923 793 88.423
3-1-1 9 76 1 . 968 15 5 . 0 35 1 .722 5 .39C 3.80C 1.5 90 109.51 3 645 89.068
3-1-1 9 77 1.877 156.<;12 1.642 5.139 3 . 80C 1. 339 110.852 517 89.585
3-1- 19 82 8 . 3C4 165. 2 16 7.266 22 .74:! 19.000 3 ,743 114.595 1.249 90.834
3-1 - 198 7 1 . 7e4 167.000 1.561 4.886 4.700 186 114.781 49 90 .883
TOTAL 95 .6 57 8 3. 7CO $ 261.961 $ 147 . 20 0 $ 114.781 $ 90.883
(1) NWI - estimated as .875 (2) Crude price $3.48 l e ss $.35 transportation charge
Table 32
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
Dominion Natural Gas
J. Rubi L ease
RODNE Y FIELD
Elgin County. Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev. Tax, Cumulative Net Income Discounted
Production, Production, to NWI.(l)@ $3.1300(2) Operating Net Income Net Income to NWI @ Net Income Date Barrels Barrels Barrels per Barrel Ex;eenses to NWI to NWI 5"/. to NWI
3-1-1957 27.617
3-1-1 958 5.976 33.593 5.229 160367 $ 5.700 $ 10.667 '" 10.667 $ 10.413 $ 10.413
3-1-19 59 4.824 38.4 17 4.221 13.2 12 5.700 7.512 18 017 9 6.984 170397
3- 1-196 0 4.104 42,5 21 3 .591 11.239 5.700 5.539 23 .718 4.904 220301
3- 1-1 96 1 3 .5 28 46.C49 3 . 087 9.663 5 . 700 3 .96 3 27 .6 81 3 .342 25 .64 3
3-1-1 962 30168 49.217 2 .772 8 .676 5.700 2.976 30 .65 7 2 . 390 2~ . 033
3-1-196 3 2 .8 80 52.097 2 . 520 7.888 5 .700 2 .18 8 32.845 1.67 .. 29 .707
3-1-1 964 2 .62 8 540725 2 . 300 7,199 5,700 1,499 340344 1 , 0,2 30.799
3-1-1965 2 . 390 570115 2.091 6,544 5 .7 00 844 350188 586 31.385
3-1-1966 2 ,196 590311 1.921 6,013 < , 990 1,023 36 , 211 676 32,061
3-1-1967 2.002 610313 1,752 5 ,48 4 10 , 280 1,204 37,4 1 5 758 ~2 , 819
3-1 -196 8 1,858 63.171 1,626 5 . 089 3,570 1.519 38 .934 910 B,729
3-1-196 9 1.728 64.899 1.512 4.733 2,850 1,883 40,8 17 1.075 34 . 804
3-1-1970 1.627 66.526 1,42 3 4,454 2,850 1.604 42,421 872 ::15.676
3 - 1-1971 1.541 68,067 1,349 4 , 222 2 , 850 1 d72 43 , 793 710 36.386
3-1 -1972 1,454 69,521 1,272 3 , 982 2.850 1.132 44 . 925 558 36.944
3-1-1973 1.390 70.911 1. 216 3,806 2,850 956 45 , 881 449 370393
3-1-1974 1 . 324 72,235 1,159 3 ,6 27 2.850 777 46,65 8 347 37 .74 0
3-1-1975 1,267 73,502 1.108 3.468 2 , 850 618 47.276 263 38.00 3
3-1-1976 1.210 74.712 1.059 30315 2,850 465 47,741 189 38 019 2
3-1-1977 1 015 2 75.864 1.008 3. 155 2,850 305 48,046 118 3803 10
3-1-1982 1.336 77.200 1.169 3 ,65 9 3.300 359 48,405 120 38.430
TOTAL 49.583 43.385 i 135.795 $ 87.390 $ 48.405 $ 38,430
(l)NWI- estimated as . 875 (2) Crude price $3.48 less $. 35 transportation charge.
Table 33
ECONOMIC ANALYSIS OF FUTURE PRIMARY PERFORMANCE
New Bristol Oils
A. McCallum L ease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev . Tax, Cumulative Net Income Discounted
Production, Production. to NWI.(l)@ 53.1300(2) Operating Net Income Net Income to NWI @ Net Income Date Barrels Barrels Barrels per Barrel to NWI to NWI 5', to NWI
3 -1-19~7 84.600
3-1-1958 10.286 94.886 9.000 S 6.600 S 21t 5 70 S 21.570 $ 21.056 $ 21.056
3- 1-195 9 7.765 102.651 6.795 21.268 6.600 14.668 36.238 13 .637 34.693
3-1-1960 60333 108.984 5.541 17.344 - ';2.ff( 6 .600 10.744 \.I 46.982 9.513 44.206
3-1-191>1 50320 114.304 4.1>55 14.570 -~ 1>.1>00 7.970 54.952 6.721 50.927
3-1-191>2 4.571 118.875 4.000 12.5 20 - - .5~ 6.1>00 5.920 60.872 4.754 55.681
3 -1 -1963 4.031 122.906 3.527 11.03 9 ~ 1 6.600 4,439 650311 3.395 59,076
3-1-196" 3,600 126 ,50 1> 3.150 9,81>0 - 1 6,600 3,260 68,571 2,375 61.451
3-1- 1965 3.231 129,737 2,827 8 , 848 1>,600 2,248 70,819 1.560 63,011
3-1 - 191>6 2 . 929 132,1>1>6 2 . 563 8.023 - 6.1>00 1,423 72. 2 42 940 1>3.951
3-1-1967 2.717 135.383 2.377 7,440 6,600 840 73.082 529 64.480
3-1-190 e 2.:00 137,e83 2 .188 0,848 6.000 248 730330 149 04,029
3-1-1969 20340 140.223 2 .047 6,407 5,770 637 73.967 364 64.993
3-1-197C 2 , 175 142.3 98 1.903 5.956 4,940 1,016 74,983 552 65.545
:' - 1- 1971 2 ,()1~9 1"4,"47 10193 5.613 4.110 1,503 76.486 778 66,323
3-2-197 2 1,937 146 . 38 t. ] .695 5,305 3,300 2,005 78,491 989 67. 3 12
3- 1-1973 1.821 148,205 1.593 4,986 30300 1,686 80t! 77 792 68.104
3-1-197" 1. 7£..:3 1/19. 94P 1 .5 26 ".776 3 . 300 1 , 476 81,653 660 6 8 .764
3 - 1-1 975 1 • ~"9 151,59 7 1, ''' 2 4. , 5 1 £. 30300 1.21 4 82 .867 517 69.281
3 - 1-1976 1 , 564 153']61 1 . 36 9 ", 285 3 0300 985 83.852 400 ,,9 .6 81
3-1-1 977 1.500 154.661 1 . 31? ".106 3.'300 806 84.658 311 69.992
3- 1-1 982 4,73 9 ~59,40 0 4 , 147 12.980 11,000 1.9RC 86 ,638 661 7 ') .653
T OTA L 74,800 65. /~SC $ 20 4 , F. :- B 11 8 , 220 $ 8","38 70, 653
(l) NW1- es timated as .875 (2) Cr ude pri ce $3.48 less $.35 tr ansportation char ge .
Table 34
SUMMARY
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Date
3-1 -1 957
3- 1-1958
3- 1-1 959
3-) -196 0
3- 1-1 961
3- 1-196 2
3-1-1963
3- 1-1 964
3 - 1- 1965
3- 1-1 966
3- 1-19 67
3- 1-1 968
3-1-1 969
3- 1-1 970
3-1 -1 97 1
3- 1-1972
TO TAL
Interval
Oil Production,
Barrels
2 1101 8 0
S2 7.620
1 0138.500
93 2 . 000
655.400
463.700
321.200
2650100
221 .300
184.800
152.633
132.270
81 .22 8
55.495
15.610
5 .7 58 . 036
Capital Investment for
Cumulative
Oil Pro duction,
Barrels
880 .694
1. 091.874
2 . 019 .494
3 tI57 .994
4.089.994
4.745.394
5.209 . 094
5 . 530.294
5.7950394
6.016 . 69£0
6 . 201 .494
6.3540127
6.486.397
6 . 567 . 625
6 . 623.120
6 . 638 .7 30
8 75 Net Working Inte rest
All Leases Combined
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax,
to NWI,(I) @ $3 .1 300(2) Operating Barrels per Barrel Expenses
184.784 $ 578 . 376 $ 145.750
811. 669 2.540 .5 24 294.300
99601 8 7 3 .118.065 296 .7 00
815 . 50 1 2 . 552 .51 6 296.700
573 .474 1 .794. 9 75 296.700
405.738 1.269 . 957 296 . 700
281 . 05C 879 . 688 296 . 700
231.96; 726.047 296 .7 00
193.6 38 606.086 296.700
161.699 506.115 296.700
133.554 418.027 294 .600
115.736 362 . 25 4 2820300
71.073 222.457 178.800
48.557 151.984 135.000
13.658 42.750 410300
5 . 038.281 $ 1 5.769.821 $ 30745.650
Wells and Water Injection Facilities
Net Income to NWI
$ 432.626
2 .246. 224
2 . 821 . 365
2 .255. 816
1.498 . 275
973 . 257
582 . 988
429.347
309.386
209.4 15
12 3 .427
79.954
43.657
16. 984
1.450
$12.024 .171
403,883
Net Profit to NWI $ 11 ,620,288
(I) NWI - estimated as .875 (2) Crude price $3. 48 less $.35 t ransportation charge .
Cumulative Net Income
to NWI
$ 432.626
2 .678. 850
5 .500. 215
7.756.031
9 . 254.3C5
10.227.563
10 .810. 55 1
11 .239.898
11.549.284
11.758. 699
11.8820126
11.962.080
12 .005.7 37
12.022.721
12.024 01 71
Discounted Net Income to NWI @
5%
$ 4220326
2 .0 89 . 046
2 . 50 1.529
1.907 .723
1.206.491
745.955
425.896
298 .6 34
204 . 944
132.095
74 tI91
45.767
23.829
8 .864
720
$10.088.010
399,036
$ 9,688,974
Cumulative Discounted Net Income
t o NWI
$ 4220326
2.511.372
5.012.901
6.920.624
80127.115
8.873.0 70
9.298.966
9.597.600
9.802.544
9.934.639
10.008.830
10.054.597
10.078.426
10.087.290
10.088.01 0
Table 35
Plan I
SUMMARY
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Felmant Oil Corporation Working Inte rest
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev. Tax, Cumulative Net Income Discounted
Production, Production. to NWI,(I) @ $301300(2) Operating Net Income Net Income to NWI @ Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI to NWI 5% to NWI
3-1-1957 396.584
3-1-1958 95.980 492.564 83.326 $ 260.810 $ 65.250 $ 195.560 $ 195.560 $ 190.904 $ 190.904
3-1-195 9 466.700 959.264 405tl72 1.2680188 140.500 It127.688 103 2 3.248 1.048.422 1.2390326
3-1-1960 556 tlOO 1.515.364 482.786 1.511tl21 140.500 1.370.621 2.693.869 1.213.587 2.452.913
3-1-1961 439.900 1.955.264 381.905 It195.363 140.500 1.054.863 3 .748.732 889.534 3.342.447
3-1-1962 316.900 2.2720164 275.122 861tl32 140.500 720.632 4.469 . 364 578.747 3.921tl94
3-1-1963 226.700 2.498.864 196.812 616.021 140.500 475.521 4,944,885 363.712 4.284.906
3-1-1964 150.900 2.6490764 131.007 410.052 140.500 269.552 5.214.437 196.355 4.481.261
3-1-1965 127.700 2.777.464 110.864 347.004 140.500 206.504 5.420.941 143.264 4./124.525
3-1-1966 109.200 2.886.664 94. 804 296.737 140.500 156.237 5.577tl78 103.229 4.727.754
3-1-1967 92. 8 00 2.979.464 80.567 252tl74 140.500 111.674 5./188.852 70.271 4.798.025
3-1-1968 75.400 3 .054.864 65.458 204.884 140.500 640384 5.753.236 38.585 4.836./110
3-1-1969 68.300 3 0123tl64 59.296 185.5 9 7 140.500 45.097 5.7980333 25.740 4.862.350
3-1-1970 51. 8 71 3 tl75 .0 35 45.03 2 140.950 119.500 21.450 5.819.783 11.661 4.874.011
3-1-1971 37tl95 3 .212.2 :', 0 32.291 101.071 93tlOO 7.971 5.827.754 40127 4.878 tl38
3-1-1972 3. ?eO 3 .216.010 3.281 10.269 10.000 269 5.828.023 133 4.878.271
TOTAL 2.819.426 2.447.723 $ 7.6610373 $ 1.833.350 $ 5.828.023 $ 4.878.271
Capital Investment for Wells and Water Injection Facilities 209,713 207,196
Net Profit to NWI $ 5,618,310 $ 4,671,075
(1) NWI - .868164 (2) Crude price $3.48 less $.35 transportation charge.
Table 36
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Interval
Oil Production,
Date Barrels
3-1 -1 957
3-1-1958 2.700
3- 1-1 959 14.600
3-1-196 0 11 0100
3-1 -1961 6.900
3- 1- 1962 4.900
3- 1-1 9 6 3 3 . 700
3- 1-1 964 2 . 900
3- 1-1965 2 . 700
3- 1- 19 66 2 . 20 0
3- 1-1967 1. 800
3- 1-1 968 1 . 40 0
3- 1-1 969 10300
3- 1- 1970 1 . 200
3 - 1- 1971 99 3
TOPL 58 . 39 0
Capital Investment for
Net Profit to NWI
( I ) NWI - .868 164
Cumulative
Felmont Oil Corporation
A. Braddon L ease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Oil Gross Oil Less Sev. Tax,
Production. to NWI ,(I)@ $3.1300(2) Operating Barrels Barrels per Barrel EXEenses
3.972
6 .672 2.344 $ 70337 $ 1.250
210272 12.675 39.672 2.900
32. 372 9 .637 300164 2.900
39 . 272 5.990 18.749 2 . 900
440172 4.254 130315 2 . 900
47.87 2 3.212 10.054 2.900
50 . 772 2 . 518 7. 881 2 . 900
53 .47 2 2 . 344 703 37 2 . 900
55 . 672 1. 9 10 5 . 978 2 . 900
57.47 2 1.563 4 . 892 2 . 90 0
58 .872 1.215 3.803 2 . 900
60 . 172 1.129 3 . 53 4 2 . 900
610372 1 . 042 3 . 261 2 . 90 0
620370 366 2 . 71 1 2 . 50 0
50 . 699 5 158 . 688 $ 3 8 t 550
We lls and Water Inj ec tion F ac i lities
(2) C r ude price $ 3.48 less $ .35 tr ansportation c ha r ge .
Cumulative Net Income Net Income
to NWI to NWI
$ 6.087 $ 6.087
36.772 42.85 9
27.264 7001 23
15.849 85 . 972
10.41 5 960387
70154 103.541
4.981 108.52 2
4.437 112.95 9
3 .078 116. 037
1.99 2 118.02 9
903 118 . 932
6 34 119. 566
361 119 . 927
211 1200138
$ 1200138
2 , 750
$ lJ 7,38 8
Discounted Cumulative Net Income Discounte d to NWI @ Net Income
5,. to NWI
$ 5.942 $ 5.942
340187 400129
240140 64.269
13.365 77.634
8 .364 8 5 .998
5.472 91.470
3.628 95.09 8
3 . 078 98.176
2 .0 34 100. 2 10
1.253 101.463
541 102.004
362 1020366
196 10 2 . 5 6 2
109 10 2 .671
$ 102 . 671
2,717
$ 99,954
Table 37
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD P E RFORMAN CE
Fe lmont Oil Corpor ation
A . C . G i llie s L eas e
RODNE Y FIEL D
Elg i n C ounty, O n ta rio, Cana da
In terval Cumulative Gros s Inc o m e Oil Oil Gros s Oil Le s s Sev. Tax ,
P r oduction , Production, to NWI ,(l) @ $3 01 300 (2 ) Ope r a ting Ne t Inc ome Date Bar rels Bar rels B a rre ls per B a rrel EXEe ns ea to NWI
3- 1- 19 57 148. 693
3- 1- 19 58 22 . 520 171 . 213 19 . 55 1 $ 61 t1 95 $ 18 .00 0 $ 43 01 95
3- 1-1 959 129 tlO O 300. 3 13 11 2 . 08 0 350 . 8 10 38. 8 0 0 312 . 0 10
3- 1- 1960 165.00 0 46503 13 143 . 24 7 448.3 6 3 38 . 800 409 . 563
3- 1-1 961 1 17. 000 582 . 3 13 101 . 57 5 317. 93 0 38 . 800 279 01 30
3- 1- 196 2 84 . 000 66 603 13 72 . 92 6 228 . 258 38·. 8 00 189 . 458
3- 1- 1963 60 . 000 726 . 3 13 52 . 090 163 . 042 38 . 800 124 . 242
3 - 1- 1964 45 . 000 7710313 39 . 067 122 . 280 38 . 800 83 . 480
3-1-1 965 38 . 0 0 0 809 . 313 32 . 991 103 . 262 38 . 800 64.462
3-1- 1966 32 . 00 0 84 1 0313 2 7 . 781 86 . 954 38 . 800 48 . 154
3- 1-1 967 29 . 000 8700313 25 t177 78.804 38 . 80 0 40 . 004
3- 1- 1968 22 . 000 8920313 19 . 099 59.780 38 . 800 20 . 98 0
3- 1-1969 21.00 0 9130313 18. 232 57 . 066 38 . 800 18.266
3- 1-1 970 17 . 000 9300313 14 . 758 46 . 19 3 38 . 800 70393
3- 1- 19 7 1 1201 97 942 . 510 10 . 589 3:?143 32 . 000 1 .14 3
TOTA L 793 . 8 17 689 . 16 3 S 2 . 157 . 080 $ 515 . 600 $ 1 . 641 . 480
Capital Investment for We ll s and Water Injection Faci lities
Net P rofit to NWI
(1 ) NWI - .868 164 (2) Crude price $3.48 less $ . 35 transportat ion charge.
38, 860
$ 1,602,620
Cumul a tive Net Inc om e
t o NWI
$ 43 t1 9 5
35 5. 205
764 .768
1 . 043 . 898
1 . 23303 56
1 . 35 7. 598
1 . 441 . 078
1 . 505 . 540
1.553 . 694
1. 593 . 698
1 . 614 . 678
1 . 632.944
1 . 6 4 0 . 337
1 . 64 1. 480
D iscounted Ne t Inc o me to NW I @
5')'.
$ 42 .167
29 0.079
362 . 639
235 . 382
152 t1 56
95 . 029
6 0 . 811
44 . 721
31 . 8 16
25t173
12 . 573
10 . 426
4 . 019
592
$ 1.367 . 583
38, 394
$ 1,329 , 189
Cumulative D iscounted Net Income
to N WI
$ 42 .167
3 32 . 2 46
6 94.8 85
930 . 26 7
1. 082 .423
It177 . 4 5 2
1. 2 38 . 26 3
1 . 28 2 . 984
1 . 3 14 . 800
1 . 339 . 9 7 3
1. 352 . 546
1 0362 . 972
1 . 366 . 991
1 03 67. 583
Interval Oil
Production, Date Barrels
3-1-1 9 57
3-1 -1 958 10,520
3-1-1 959 63.500
3-1-1 960 78,000
3- 1- 1961 50.000
3- 1-1 962 32 .00 0
3- 1- 1963 22.000
3- 1-1964 ,7 . 000
3- 1-1 965 14, 000
3- 1- 1966 12,000
3- 1-1 967 10,000
3 - 1 - 196 ~ 9 , 000
3 - 1-1 96 9 8 , 000
3- 1- 1970 5 , 634
TOTAL 331 , 654
Capita l Investment for
Net Profit to NWl
(I) NWl - .868164
Table 38
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Felmont Oil Corporation
J. D. Graham Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Cumulative Gross Income Oil Gross Oil Less Sev. Tax,
Production. to NWI ,(1) @ $3 01 300(2 ) Operating Net Income Barrels Barrels per Barrel EXEenses to NWl
4 8 ,126
58,646 9 ,1 33 $ 28,586 $ 12.000 $ 16,586
122tl46 55 ,1 28 172.551 17 . 300 155 . 251
200,146 67 ,71 7 211.954 17. 300 194 . 654
2 5 0 tl46 43.408 135 . 867 170300 118.567
282 .1 46 27 . 782 86.958 170300 69 . 658
30 4tl46 19 ,099 590780 17 t3 00 42,480
321.146 14.759 46.195 17 t3 00 28 . 895
335 tl4& 12 tl54 38.042 1703 00 200742
3 47.146 10.418 32 . 609 170300 15 . 309
35 7tl4f, 8 . 682 27 tl 74 170300 9,974
; 660146 7 . 8 1" 24 , 458 170300 7,1 58
3 74 , 146 6 . 9 '-5 21 ,7 33 17, 300 4, 438
37 0 ,730 4 . 39 1 15 .30 9 14,000 1 . 309
287 , 930 , 90 1,2 21 $ 2160300 f 684 , 921
Wells and Water Inj ection Facilities 46,460
$ 638,461
Cumulative Net Income
to NWI
$ 16.586
171.837
366.491
485.058
554.716
597tl96
626,091
646.833
662tl42
672.016
6790174
683.612
684,921
(2) Crude price $3 . 48 less $.35 transportation charge.
Discounted Cumulative Net Income Discounted to NWI @ Net Income
5"/0 to NWl
$ 16tl91 $ 16tl91
144,338 160,529
172,352 332 . 88 1
99 . 984 432 . 865
55 . 943 488.808
32 ,492 521 , 300
21 .049 542,349
14.390 556 .7 39
10,115 566.854
6.213 573.067
4 . 290 5 77. 357
2.533 579 . 890
712 580.602
~ 580 ,602
45,902
$ 534, 700
Table 39
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Felmont Oil Corporation
E . J. MacMillan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Inc ome Oil Oil Gross Oil Less Sev. Tax, Cumulative
Production, Production, to NWI,(l)@ $301300(2) Operating Net Income Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI to NWI
3- 1- 1957 190113
3-1-1958 18.300 37.413 15.887 $ 49.726 $ 9 .000 $ 40.726 $ 40.726
3-1 -1959 890100 126.513 77.354 242 .11 8 22 .900 219 . 218 259 . 944
3-1-1960 92.000 218.513 79.871 249 . 997 «''700 227.097 487.041
3-1-1961 56 . 000 274.513 48.617 1520171 22 .900 129 .271 6160312
3- 1-1962 36.000 310.513 31.254 97 . 825 22 .900 74.925 691 . 23 7
3-1 -1 963 31 .00 0 341.513 26 . 9 13 84 .2 37 22.900 61d37 752.574
3-1 - 1964 21 .000 362 . 513 18.232 57.067 22.900 340167 786.741
3- 1-1965 16.000 378 . 513 13 . 890 43 . 475 22.900 20 . 575 807 . 316
3- 1-1966 15.000 393 . 513 13.023 40.762 22.900 17.862 8250178
3- 1-1967 12.000 405.513 10.418 32.609 22.900 9.709 834 .887
3 - 1-1968 11.000 416 .5 13 9 .549 29 . 888 22 . 900 6 . 988 84 1.875
3- 1-1969 10.000 426.513 8 .682 27 . 175 22.900 4 . 275 846.150
3-1-1 970 2 . 037 428 . 550 1 . 768 5 . 534 5.200 33 4 846 .4 84
TOTAL 409.437 355 .458 $ 1.112.584 $ 266 tl 00 $ 846.484
Capital Inves tment for Wells and Water Inj ection Facilities 46, 360
Net Profit to NWI $ 800,124
(1) NWI - .868164 (2) Crude price $3.48 le ss $.35 transportation charge.
Discounted Cumulative Net Income Discounted to NWI @ Net Income
50/0 to NWI
$ 39.756 $ 39.756
203.809 243 . 565
201.078 444.&43
109.010 553.653
600173 613.826
46.915 660.741
24 .8 89 685.630
14.274 699.904
11.802 711.706
60109 717.815
40188 722. 003
2.440 724.443
182 724.625
$ 724.625
45,804
$ 678,821
Table 40
Plan I
ECONOMIC ANAL YSIS OF WATE R FLOOD PERFORMANCE
Interval
Oil P roduction ,
Date Barre l s
3- 1- 1957
:> - 1- 1958 41 . 940
3- 1-1959 170 . 40()
3- 1- 1960 210.000
3-1 - 1961 210 . 000
3- 1- 1962 160 . 000
3- 1- 1963 110 . 000
3- 1- 1961, 65 . 000
3- 1- 196 5 57 . 000
3- 1- 196 ;;' 48 . 000
3- 1- 1967 40 . 000
3- 1-1960 32 . 000
3- 1- 196 9 28 .00 0
3- 1- 1970 26.000
3 - 1-1971 24 . 000
3- 1- 1972 3.780
TOTAL 1 . 2260120
Capital Investment for
Net Profit to NWI
( I ) NWI - . 868164
Cumulative
Oil Production ,
Barrel s
17 6 . 680
21'::; , 620
389 . 020
599 . 020
809 . 020
969 . 020
1 . 079 . 020
1 . 144.020
1 . 201 . 02·0
1 . <49 . 0 20
1 . 289 . 020
10321 . 020
1 ,~49 , O20
1 , 375. . 020
1 . 39 9.020
l , .u02 ,80C
Felmont Oil Corporation
John McMillan Lease
RODNEY F IE LD
Elgin County, Ontar io, Canada
G ros s Income Gross Oil Less Sev . Tax ,
to NWI ,(I) @ $3 . 130<:(2 ) Operating
~~ per B arrel EXEen ses
36 . 411 $ 1 13 . 966 $ 25 . 000
147 . 935 463 . 037 58 . 600
182031 4 570. 643 58.600
182 . 315 570 . 646 58 . 600
138 . 905 434 . 776 58 . 600
9 5.498 298 . 908 58.600
56.431 176 . 629 58 . 60 0
49 . 485 154 . 888 58.600
41 . 672 130 . 434 58 . 600
340727 100 . 695 58 . 600
27.781 86 . 955 58.600
24 . 30 9 76 . 084 58 . 600
22 . 57 3 70 . 653 58.6 00
20 . 8 36 65 . 217 58 . 600
3 . 281 10 . 269 10.000
1.064 . 473 $ 3 0331. 8 00 $ 796.800
Wells and Water Injection F acilities
(2) Crude price $3.48 less $.35 transportation charge.
Cumul ative Net Income Net Income
to NW I t o NW I
$ 88 . 966 $ 88 . 966
404.437 493.403
512 . 043 1 . 005 . 446
5 12 . 046 1 . 517.492
3760176 1 . 89 3 . 668
240030 8 20133 . 976
118.029 2 . 252 . 005
96 . 288 2 . 348.293
71 . 834 2 . 42001 2 7
50.095 2 . 4 70.222
280355 2 . 498 . 57 7
17.484 2 .516 . 061
12.053 2.528 .11 4
6.617 2 . 534 . 731
269 2 . 535 . 000
5 2 . 535 . 000
75 , 283
$ 2,459 , 717
D iscounted Cumulative Ne t Income Discounted to NWI @ Net Income
50/0 to NWI
$ 86 . 848 $ 86.848
376 . 009 46 2 . 857
453 . 378 9 16 . 235
431.793 1 0348 . 028
302 01 11 1. 650 01 39
18 3.804 1 . 833.943
85.978 1 . 9 19 . 921
66.801 1 . 986 . 722
47 . 462 2 . 034 01 84
31 . 523 2 . 0 6 5 . 707
16. 993 2 . 082 . 700
9 . 979 2 . 092 . 67 9
6.552 2.099 . 231
3.426 2 .1 02. 65 7
133 2 tl 02 . 790
$ 2 . 102 . 790
74,380
$ 2,028 , 410
, ,
Table 41
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Date Barrels Barrels
3-1-1957 85.550
3-1-1 9 58 12,400 97.950
3-1-1959 47.600 145.550
3-1-196 0 73.000 218.550
3-1-1961 65.000 283,550
3-1-1962 43.000 326,550
3-1-1963 30,000 356,550
3-1-1964 21.000 377.550
3-1-1965 19.000 396.550
3-1 -1966 16.000 412.550
3-1-1967 12,000 424.550
3- 1-196 E 10.000 "34.55 ·0
3-1-196 9 e.,OOO 442 .55 0
3-1-1970 1,950 444.500
TOTAL ;58 . 95C
Gross Oil
John Beattie
Sabjan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Less Sev. Tax,
to NWI,(I)@ $301300(2) Operating Barrels per Barrel EXEenses
10.850 $ 33.961 $ 15.000
41.650 130.364 19.600
63.875 199.929 19.600
56,875 178,019 19,600
37.625 117,766 19,600
26,250 820162 19.600
180375 57.514 19.600
16,625 52.036 19.600
14.000 43.820 19.600
10 .500 32.865 19.600
8.750 270388 19.600
7.000 21.910 19 .600
1.706 5.340 5.000
314 . 081 $ 983 .074 $ 235 .600
Capital Investment for Wells and Water Injection Facilities
Net Profit to NWI
(1) NWI - estimated as .875 (2) Crude price $3.48 less $.35 transportation charge.
" Cumulative Net Income Net Income
to NWI to NWI
$ 18.961 $ 18.961
110.764 129.725
1800329 310.054
158,419 468.473
98,166 566.639
.62 .562 629.201
37.914 667.115
32.436 699.551
24.220 723.771
13.265 737.036
7.788 744.824
20310 747.134
340 747.474
£ 747,474
29,100
$ 718,374
Discounted Cumulative Net Income Discounted to NWI @ Net Income
5% to NWI
$ 18.510 $ 18.510
102.978 121.488
159.669 281.157
133,590 414,747
78,838 493,585
47.852 541,437
27,618 569,055
22.503 591,558
16.003 607.561
8,347 615.908
4.667 620.575
1.318 621.893
185 622.078
$ 622.078
28,751
$ 593 ,327
, ,
Table 42
Plan I
SUMMARY
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie Working Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Ii Oil Oil Gross Oil Less Sev. Tax, Cumulative Production, Production. to NWI,(I)@ $3.1300(2) Operating Net Income Net Income
Date Barrels Barrels Barrels !;!er Barrel EXEenses to NWI to NWI
3-1-1957 186,200
3-1-1958 77,200 263,400 67,550 $ 211,432 $ 35,500 $ 175,932 $ 175,932
3-1-1959 290,000 553,400 253,751 794,241 98,400 695,841 871,773
3-1-1960 348,900 902,300 305.287 955,548 100,800 854,748 lt726,521
3-1-1961 319,600 1,221,900 279,651 875 >307 100,800 774,507 2,501,028
3-1-1962 237,500 1,459,400 207,812 650,452 100,800 549,652 3,050,680
3-1-191>3 161,000 1,1>20.400 140,875 440,937 100,800 340.137 30390,817
3-1-191>4 114,000 1,734,400 99,750 312.218 100.800 211.418 3.1>02,235
3-1-191>5 91,400 1,825.800 79,975 250.323 100.800 149.523 3,751,758
3-1-1966 73,600 1,899,400 1>4,400 201,572 100,800 100,772 3.852,530
3-1-1967 61,500 1.960,900 53,812 168,431 100,800 67,631 3,920tl61
3-1-1968 52.500 2.013,400 45,938 143,786 100.800 42,986 3,963tl47
3-1-1969 45,250 2 ,058,650 39,593 123,921> 95,400 28,526 3,991,673
3-1-1970 22.960 2.081,1>10 20,091 62.885 42.800 20,085 4,011.758
3-1-1971 18,300 2 .099,910 16,012 50,117 41,900 8,217 4.019,975
3- 1-1 972 11. 830 2.1 11,740 10,351 32.399 31.300 1.099 4.021.074
TOTAL 1,925.540 1.684,848 $ 5.273.574 $ 1.252.500 $ 4.021.074
Capital Investment for Wells and Water Injection Facilities 129, 320
Net Profit to NWI $ 3,891,754
(1) NWI - estimated as .875 (2) Crude price $3.48 less $.35 transportation charge.
Discounted Cumulative Net Income Discounted to NWI@ Net Income 5,.. to NWI
S 171,743 $ 171,743
647,640 819,383
760,228 1.579.611
658,580 2,238.191
444,643 2,682,834
261,700 2.944,534
155,225 3,099,759
104,503 3,204,262
67tl07 3,271,369
42,876 3.314,245
25,983 3,340.228
16,415 3.356.643
11.015 3,367,658
4,325 3,371,983
547 3,372,530
$ 3.372.530
127,768
$ 3,244, 762
Table 43
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie
J. Braddon Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax, Cumulative
Production, Production, to NWI,(l)@ $3.1300(2) Operating Net Income Net Income Date Barrels Barrels Barrels ~er Barrel EXEenses to NWI to NWI
3-1-1957 107.000
3-1-1958 39.200 1,.6.200 34.300 $ 1070359 $ 18.000 $ 89.359 $ 890359
3-1-1959 151.500 297.700 132.563 414.922 49.000 365.922 455.281
3-1-1960 180.000 477.700 157.500 492.975 49.000 443.975 899.256
3-1-1961 134.000 611.700 117.250 366.993 49.000 317.993 1.217.249
3-1-1962 96.000 707.700 84.000 202.920 49.000 213.920 1.4310109
3-1-1963 65.000 7720700 56.875 178.018 49.000 129.018 1.5600187
3-1-1964 50.000 822.700 43.750 136.938 49.000 87.938 1.648.125
3-1-1905 38.000 800.700 33.250 104.072 49.000 55.072 1.7030197
3-1-1906 33.000 893.700 28.875 900379 49.000 41.379 1.744.576
3-1-1967 28.000 921.700 24.500 76.685 49.000 27.085 1.772.201
3-1-1908 23.000 944.700 200125 02.991 49.000 13.991 1.780.252
3-1-1969 20.000 96".700 17.500 54.775 49.000 5.775 1.792.027
3-1-1970 36e 905.000 315 980 900 86 1.792.113
TOTAL 358.060 750.803 $ 2.350.013 $ 557.900 $ 1.792.113
Capital Investment for Wells and Water Injection Facilities 41,260
Net Profit to NWI $ 1,750,853
(l) NWI - estimated as .875 (2) Crude price $3.48 less $.35 transportation charge.
Discounted Cumulative Net Income Discounted to NWI @ Net Income
5% to NWI
$ 87.231 $ 87.231
340.2Ul 427.432
393.109 820.541
2080154 1.088.695
171.801 1.200.496
98.082 1.3590178
64.058 1.423.236
38.207 1.4010443
27.340 1.488.783
17.421 1.500.204
80385 1.514.589
3.290 1.517.885
47 1.517.932
$ 1.517.932
40, 765
$ 1,477,167
Table 44
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Date Barrels Barrels
3 - 1-1 9 57 10. 200
3- 1-1 958 10, 300 21.000
3-1-1 9 59 36.000 57.000
3- ] -1 960 35 .000 92 . 000
3- 1-1961 26 . 500 11 8 .500
3-1-1 962 16, 000 13 5.000
3- 1-1 963 11. 000 14 6 . 000
3-1- 1964 8 . 000 154 . 00 0
3-1-1 965 7.000 11>1. 000
3-1-191>6 6.000 167.000
3-1-1 9 67 5 . 000 172.000
3-1-1 968 4 . 000 176 . 000
3- 1- 1909 1 . 750 177,750
TOTA L 167 . 550
Jim Beattie
Colthart Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Gross Oil Less Sev. Tax.
to NWI.(l) @ $301300(2) Operating Barrels per Barrel EXE,enses
9 , 450 $ 29 . 579 $ 5 ,500
31.500 98 .595 9,900
30 .625 9 5.856 9 ,900
23 .18 8 72.578 9 . 900
14.437 450188 9 ,9 00
9 .62 5 30.126 9.900
7.000 2 1.910 9 . 90 0
60125 19 017 2 9 . 90 0
5.250 16 .4 32 9 . 900
40375 1 3 .6 94 9 , 900
3 .500 10.955 9 . 900
1 , 531 4 ,7 92 4 . 500
146 .606 $ 45 8 . 677 $ 109 .000
Capital Investment for We lls and Water Injection Facilities
Net Profit to NWI
(1) NWI - estimated as .875 (2 ) Crude price $3.48 less $ .35 transportation charge.
Cumulative Net Incomt: Net Income
to NWI to NWI
$ 24,07 9 $ 24,079
88.69 5 112.774
85.956 198.730
62.678 261.408
35.288 29 6,696
20.226 316 . 922
12 .010 328.932
9.272 33 8.2 04
1>,532 344.736
3 .794 348,530
1,055 349,585
292 349,677
$ 349.877
19.200
$ 330.677
Discounted Cumulative Net Income Discounted to NWI@ Net Income
5% to NWI
$ 23.501> $ ~ 3.501>
82.41>1 105.967
760108 182,075
52.854 234.929
28.340 263.269
15,470 278.739
8.749 287.488
6.433 293.921
4.311> 298.237
2.387 300.624
1>32 301,256
11>7 301.423
$ 301 .423
18.970
$ 282,453
Table 4 5
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie
N. D. McMillan Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax. Cumulative
Production, Production, to NWI,(I)@ $301300(2) Operating Net Income Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI to NWI
3-1-1 957 17.000
3-1-1 9 58 27. 20 0 44. 200 23.800 $ 74.494 $ 12.000 $ 62.494 $ 62.494
3-1-1 9 59 94.000 138.200 82.250 257.443 31.500 225.943 288.437
3-1- 1960 102.000 240.200 89.250 279.352 31.500 247.852 536.28 9
3- 1-1 961 108.000 348.200 94.500 295.785 31 .500 264.285 800.574
3- 1-1962 92.000 440.200 80.500 251. 9 65 31.500 220.465 1.021.039
3-1-1963 66.500 506.700 58.188 18 2 d28 31.500 150.628 I tl71.667
3-1-1964 40.000 546.100 35.000 109.550 31.500 78.050 1.249.717
3-1-1965 34.500 581.200 30d87 94.486 31.500 62.986 1.312.703
3- 1-1 960 25.000 606.20 0 21.875 68.469 31.500 36.969 1.349.672
3-1-1 967 21.000 627.200 180375 57.513 31.500 26.013 1.375.685
3-1-196 8 19 .000 646. 20 0 16. 6 25 52.037 31.500 20.537 1.396.222
3-1-1969 18 . 00 0 664.200 15.750 49. 297 31.500 17.797 1.414.019
3-1-1 970 17.50 0 681.700 15.313 47.930 31.500 16.430 1.4 30. 4 49
3-1-1 9 71 13.500 6 9 5. 20 0 11.812 36.971 31.500 5.471 1.435.920
3-1-1 9 7 2 9 .8 20 705.0 20 8.593 26.896 26.000 896 1.436.816
TOTAL 6 88.0 20 602. 0 18 $ 10884.316 $ 447.500 $ 1.431>. 8 16
Capital Investment for Wells and Water Injection Facilities 53.760
Net Profit t o NWI $ 1,383,056
(1) NWI - e stimated a s .875 (2 ) Crude price $3. 48 less $ . 35 transportation charge.
Discounted Cumulative Net Income Discounted to NWI@ Net Income
5% to NWI
$ 61.001> $ I> 1. 00 6
210.061 271.01>7
2l9.456 490.523
222.864 713.387
177.058 890.445
115.211 1.005.,,56
51>.856 1.062.512
43.697 l.101>.209
24.426 10130.635
11>.369 1.147.004
12.308 1.159.312
100158 1 tl1>9.470
8.931 1.178.401
2.832 10181.233
442 1.181.1>75
$ 1.181.675
53,115
$ 1,128,560
Table 46
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie
F. Wright Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev. Tax, Cumulative Net Income Discounted
Production, Production, to NWI,(l)@ $3.1300(2) Operating Net Income Net Income to NWI @ Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI to NWI 5% to NWI
3-1-1957 52.000
3-1-1959 8.500 60.500 7.438 $ 23.281 $ 8.000 $ 15.281 $ 15.281 $ 14.917 $ 14.917
3-1-1960 31.9CO 92.400 27.912 87.365 10.400 76.965 92.246 71.555 86.472
3-1-1961 510100 143.500 44.713 139.951 10.400 129.551 221.797 114.708 201.180
3-1-1962 33.000 176.500 28.875 90.379 10.400 79.979 301.776 67.444 268.624
3-1-1963 18.500 195.000 16tl87 50.665 10.400 40.265 342.041 32.337 300.961
3-1-1964 16.000 211.000 14.000 43.820 10.400 33.420 375.461 25.562 326.523
3-1-1965 11.900 222.900 10.413 32.593 10.400 22.193 397.654 160166 342.689
3- 1-1 966 9 .600 232.500 8.400 26.292 10.400 15.892 413.546 11 .025 353.714
3-1 -1 967 7.500 240.000 6.562 20.539 10.400 100139 423.685 6.699 360.413
3-1-1 968 6.500 246.500 5.688 17.803 10.400 7.403 431.088 4.658 365.071
3-1-1969 5.500 252.000 4 . 812 15.062 10.400 4.662 435.750 2.794 367.865
3-1-1970 5.100 2570100 4.463 13.969 10.400 3.569 439.319 2.037 369.902
3-1-1 9 71 4.800 261.900 4.208 13.146 10.400 2.746 442.065 1.493 371.395
3-1-1972 2.010 263. 9 10 1.758 5.503 5.300 203 442.268 105 371.500
TOTAL 211.910 185.421 $ 580.368 $ 1380100 5 442.268 $ 371.500
Capital Investment for Wells and Water Injection Facilities 15, lOa 14,919
Net Profit to NWI $ 427,168 $ 356,581
(I) NWI - estimated as . 875 (2) Crude price $3.48 less $.35 transportation charge.
Table 47
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Interval Cumulative
Oil Oil Production, Production,
Date Barrels Barrels
3-1-1957 28.800
3-1 -195 8 4.800 33.600
3-1-1959 250120 58.720
3-1-1 960 33.000 91.720
3- 1-1961 20.000 111.720
3-1-1962 12.000 123.720
3-1-1963 10.00C 133.720
;-1-1964 7,300 141.02 0
3- 1-1965 6.000 147.020
3-1 -1 966 5.000 152.020
3-1-1967 3.500 155.520
:: - 1-196 8 3.000 158.520
] -1-196 9 2.500 161.0 20
3-1-1 9 70 2 . 01 0 163. 0J O
TOTAL 134.23 0
Gross Oil
A. Comfort
Tunks Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Gross Income Less Sev. Tax,
to NWI,(l)@ $3.1300(2) Operating
Barrels per Barrel EXEenses
4.200 $ 130146 $ 5.000
21.980 68.797 7.000
28.875 90.379 7.000
17,500 54.775 7.000
10 .500 32 .865 7.000
8.750 27.388 7.000
6.388 19.994 7.000
5,250 16.433 7.000
40375 13.693 7.000
3 .062 9.584 7.000
2 .625 8 , 217 7.000
2 .1 88 6,848 6.000
1,758 5,50 3 5.200
117.451 $ 367.6 22 $ 86. 200
Capi tal Inv e stment for We lls and Water Injection Facilities
Ne t Profit to NWI
(I) NWI - estimated as .875 (2) Crude price $3.48 less $.35 tr a nsportation charge .
Net Income to NWI
$ 8.146
61.797
83.379
47.775
25.865
200388
12.994
9.433
6.693
2.584
1.217
848
30J
$ 281.422
5,500
$ 275,922
Discounted Cumulative Cumulative Net Income Discounted Net Income to NWI@ Net Income
to NWI 5% to NWI
$ 8.146 $ 7.952 $ 7.952
69.943 57.453 65.405
153. 322 73,826 139.231
201.097 40.287 179.518
226 .96 2 20.772 200.290
247 . 350 15.594 215.884
2600344 9 ,46 5 225.349
269. 777 6.544 23 1.89 3
276.470 4.422 2360315
279.054 1.626 237.941
280.271 729 238.670
281.119 484 2390154
281.42 2 165 239 . 3 19
$ 239.319
5,434
$ 233,885
Table 48
SUMMARY
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Dominion Natural Gas Working Interests
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax,
Production, Production, to NWI,(I)@ $3.130(2) Operating Net Income Date Barrels Barrels Barrels Eer Barrel EXEenses to NWI
3-1-1957 98.960
3-1-1958 13.000 111.960 110375 $ 35.604 $ 16.000 $ 19.604
3-1-1959 68.200 180tl60 59.675 186.783 19 tl 00 167.683
3-1-1960 87.500 267.660 76.563 239.642 19 tl 00 220.542
3-1-1961 52.500 320.160 45.937 143.782 19 tl 00 124.682
3-1-1962 30.000 350 tloO 26.250 82 fl6} 19 tl 00 03.003
3-1-196 3 24 . 000 374.160 21 .000 05.730 19 tl 00 46.630
3-1-1964 19.000 3930160 10.625 52 .0 36 190100 32.936
3-1-196 5 14.0CO 4070160 12.25C 38.343 19.100 19.243
3-1-1966 11.500 418.660 10.063 31.497 19.100 12.397
3-1-1967 10.000 428.660 8.750 27.387 19 tl CO 8.287
3-1-196 G 7.733 4360393 6.766 21.179 17.000 4.179
3- 1-19S 9 5.000 441.3?3 4.375 13.693 12.50·) 1.193
3 - ~ -1 9 70 2.437 443. 830 ;:,132 6.673 00300 373
TOTAL 344.87C 301,101 S 944.512 $ 22 3 .700 :I 720. 812
Capital Investment for We lls and Water Injection Fac ilities
Net Profit to NWI
(1) NWI - estimated as .875 (2) Crude price $3.48 less $.35 tr a nsportation charge.
$
22,000
698,812
Cumulative Net Income
to NWI
$ 19.604
187.287
407.829
532.511
595.574
642.204
675.140
694.383
706.780
715.067
719.246
720.439
720.812
Discounted Net Income to NWI @
$
$
5%
19.137
155.896
195.275
105.140
50.646
35.666
23.993
13.350
8 fl91
5.215
2.504
681
203
615.897
21,736
';94,161
Cumulative Discounted Net Income
to NWI
$ 19.137
175.033
370.308
475.448
520.094
561.700
585.753
599.103
607.294
612.509
615.013
615.694
615.897
Table 49
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Dominion Natural Gas
F. G . Pur ce ll Lease
RODNEY FIELD
Elgin County , Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev . Tax,
Production, Production. to NWI,(I) @ $3 . 130CX2) Ope rating Net Income Date Barrels Barrels Barrels per Barrel EX,Eenses to NWI
3- 1-1 9 57 71034 3
3-1 - 1958 9 . 000 RO 034 3 7, 8 75 $ 24,649 $ 10,000 $ 14,649
3 - 1-1 9,9 39 , 200 11 9 ,54 3 34,300 1070359 12 ,500 94,859
3- 1- 1960 61.000 180,543 5303 75 167,064 12, 500 154,51>4
3-1-1 961 37 . 000 2 17, 54 3 32037, 101,333 1 2 . 500 88.833
3- 1-1 962 21. 000 238 , 543 180375 57 , 514 12. 500 45.014
3-1-1 963 17. 000 25 5 , 543 1'., 8 75 46.559 12 . 500 34, 059
3- 1- 1964 14. 000 269 .54 3 12 , 250 38 .34 2 12 . 500 25,84 2
3-1-1 965 10.000 2 79 . 543 8 .7 50 27 0386 12 .5 00 14 , 888
3-1-1965 8.0CO 287, 543 7 . 0 00 2 1. 9 10 12 .5 00 9 .410
3-1-1 967 7.000 29 4.54 3 6 .1 25' 1 Q 0171 12.500 6.671
3-1-1 968 6 . 00 0 300 . 543 5 , 250 16.4 3?· 12 . 500 3 . 9 33
3-1-1 969 5 . 00 0 305 . ,43 4 , 375 13 . b93 12 . 500 10193
3-1-1 970 2 .437 307 . 980 2 01 32 6 . 1> 73 6 . 300 3 7 3
TO TAL 236 . 637 '207 . 05 7 5 648 . 088 $ 153 , 800 5 494.288
C apital Investment fo r Wells a nd Wa ter Injection Facilitie s
Ne t Pro fit to NWI
(l) NWI - estimated a s .875 (2) Crude price $3.48 less $.35 transportation c harge.
$
11,000
483,288
Discounted Cumulative Cumulative Net Income Discounted Net Income to NWI @ Net Income
to NWI 5"1. to NWI
$ 14.649 $ 140300 $ 140300
10 9,508 880191 102,491
264,07 2 136.856 239,34 7
352,905 74,910 314, 2 57
397,919 360151 350,408
431.978 26 ,051 376,459
457.820 18,825 395,284
472,708 10.329 405 .613
482.lIS 6,217 411,830
4 8 8.78 S' 4,198 416,028
492.722 20357 4180385
493.915 681 419,066
494 . 288 203 419.269
$ 419 . 269
10,868
$ 408,40)
Table 50
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Dominion Natural Gas
J. Rubi Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev. Tax, Cumulative Net Income Discounted
Production. Production. to NWI,(l) @ $301300(2) Operating Net Income Net Income to NWI@ Net Income Date Barrels Barre ls Barrels per Barrel EXEenses to NWI to NWI 50/0 to NWI
3- 1-1 9 57 27.617
3-1-1958 4.000 31.617 3.500 $ 10.955 $ 6.000 $ 4.955 $ 4.955 $ 4.837 $ 4.837
3-1-195 9 29.000 60.617 25. 375 79.424 6.600 72.824 77.779 67.705 72.542
3- 1-1 960 26.500 87.117 23 0188 72.578 6.600 65.978 143.757 58.419 130.961
3-1-1961 15.500 102.617 13.562 42.449 6.600 35.849 179.606 30.230 1610191
3-1-1 962 9.000 111.617 7 .875 24.649 6.600 18.049 197.655 14.495 175.686
3-1-1 9 6 3 7.000 118.617 60125 190171 6.600 12.571 210.226 9.615 185.301
3-1-1964 5.000 123.617 4.375 13 .694 6.600 7.094 2170320 5.168 190.469
3-1-1965 4.000 127.617 3.500 10.955 6.600 4.355 221.675 3.021 193.490
3-1-1966 3.500 131.117 3.063 9.587 6.600 2.987 224.662 1.974 195.464
3-1-1 967 3.000 134.117 2.625 8.216 6.600 1.616 226.278 1.017 196.481
3-1-1968 1.733 135.850 1.516 4.746 4.500 246 226.524 147 196.628
TOT AL 108.233 94.704 $ 296.424 $ 69.900 $ 226.524 $ 196.628
Capital Investment for Wells and Water Injection Facilities ll. 000 10,868
Net Profit to NWI $ 215,524 $ 185,760
( 1) NWI - e sti m a ted a s .8 75 (2 ) Crude price $3 . 4 8 le ss $ .35 transpo r ta ti o n c har ge.
Table 51
Plan I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
New Bristol Oils
A. McCallum Lease
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Seve Tax,
Production, Production, to NWI,(I)@ $3 . 1300(2) Operating Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI
3-1-1 957 84.600
3-1-l ? 58 7.800 92.400 6 . 825 $ 21.362 $ 9 .000 $ 12.362
3-1-1959 30.000 122.400 26.250 820163 9.700 72.463
3-1-1960 40,000 162.400 35 .000 109.550 9.700 99.850
3- 1-1961 35,000 197.4CO 30.625 95 . 856 9.700 86.156
3- 1-1962 16,000 213.',00 14.00 0 43.820 9 .7 00 340120
3-1-196 3 12 ,000 225 . 4C·0 10.500 32.865 9.700 23.165
3 - 1-1 964 9 .00 0 234.400 7.875 24.649 9.700 14.949
3-1-196 5 7,000 241 .40 0 6.125 190171 9.700 9.471
3-1-1966 6.000 247.'-00 5 .250 16.433 9,700 60733
3-1-1 967 5.000 252.400 40375 13.693 9.700 3,993
3- 1-1966 4,000 256,400 3.500 10.955 9,700 1,255
3- 1-1969 3,2 2 C 259.620 2 . 818 8.821 8030C 521
TOTAL 175,020 153.143 $ 479,338 $ 1140300 $ 365.038
Capital Investment for Wells and Water Injection Facilities
Net Profit to NWI
(1) NWI - estimated as . 875 (2) Crude price $348 less $.35 transportation charge.
$
8,250
356,788
Cumulative Net Income
to NWI
$ 120362
84.825
184.675
270,831
304,951
328.116
343.065
352.536
359.269
363.262
364,517
365,038
Discounted Net Income to NWI @
$
$
$
5'/0
12. 068
67.370
88.410
72.653
27,402
17.718
10.890
6.571
4.449
2.513
752
297
311 .093
8,151
302,942
Curnulative Discounted Net Incorne
to NWI
$ 12.068
79.438
167.848
240.501
267.903
285.621
296.511
303.08 2
307.53.
310.044
310.796
311.093
Table 52
SUMMARY
Plan II
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Felmont Oil Corpor a tion Wo r king Inte rest
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax,
Production, Production. to NWI.(I)@ $3.1300(2) Operating Net Income Date Barrels Barrels Barrels per Barrel EX,Eenses to NWI
3-1-1957 396,584
3-1-1958 91,&00 488 ol84 79,524 $ 248,910 $ 65,250 $ 183.660
3-1-1959 563,400 1,051,584 489tl23 1,530,955 147,600 103830355
3-1-1960 b23,OOO 1,674,584 540,867 l.b92,914 147,bOC 1,5450314
3-1-19bl 455,000 2,129,58~ 395,014 1.2360394 147.bOO 1,088,794
3-1-19b2 271,000 2,400,584 235,273 736,404 147,600 588,804
3-1-1963 209,000 2,609,584 181,446 567,926 147.600 4200326
3-1-1964 161,000 2,770,584 139,774 437.493 147,600 289.893
3-1-1965 119,500 2,890.084 103,746 324,725 147,600 171d25
3-1-1966 80,000 2.970,084 69,453 217,388 147,600 69.788
3-1-1967 70.000 3.040.084 60,772 190.216 147.60U 4 2 .616
3-1-1968 60.000 30100.084 52,089 163,039 147.600 15.439
3-1-1969 50.000 3,150.084 43,409 135.870 124.000 11.870
3-1-1970 40,000 3,190.084 34,726 108.692 99.000 9.692
3-1-1971 25.906 3.215.990 22.491 70.397 68.000 20397
TOTA~ 2,819.406 2,447,707 $ 7,661.323 $ 1.832.250 $ 5.829.073
Capital Investment for Wells and Water Injection Facilities 415,597
$ 5,413,476 Net Profit to NWI
(1) NWI - .868164. (2) Crude price $3.48 less $.35 transportation charge.
Cumulative Net Income
to NWI
$ 183,660
1,567,015
3 01120329
4,2010123
4.789,927
5 .210.253
5,5000146
5,677,271
5.747,059
') .789.675
5 . 8 050114
5.816.984
5,826.676
5.829.073
Discounted Net Income to NWI @
50/0
$ 179.287
l,286tl19
It3b8,267
9l8d47
472 ,874
321,495
211tl73
122,882
460110
26.817
9 ,253
6,775
5,268
1,241
$ 4.975.708
410,610
$ 4,565,098
Cumulative Discounted Net lncorne
to NWI
$ 179,287
1,465,406
2,833,b73
3,751,820
4.224,694
4,546,189
4,757,362
4,880,244
4,9260354
4.9530171
4.962.424
4,9690199
40974.467
4.975,7 0 8
,
Table 53
Pla n I I
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
John Beattie
Sabjan Lease
RODNEY FIELD
Elgin County , Ontario, Canada
INTERVAL CUMULATIVE GROSS OIL GROSS INCOME DISCOUNTED CUMULATIVE
OIL OIL LESS SEV. TAX OPERATING NET INCOME CUMULATIVE NET INCOME DISCOUNTED DATE TO NWI .(I) PRODUCTION PRODUCTION @ $3.1300(2) EXPENSES TO NWI NET INCOME TO NWI NET INCOME
BARRELS BARRELS BARRELS
PER BARREL TO NWI (/ 50/0 I ANNUM TO NWI
3- J - 19 57 85.550
3- 1- 1958 12.400 97.950 10 , 850 $ 33.961 $ 15,000 $ 18,961 S 18,961 $ 18,510 S 18,510
3-1 - 19 59 47,600 145.550 41.650 1300364 19,600 110,764 129,725 102,978 121,488
3-1-1 960 73,000 218,550 63 , 875 199,929 19,600 1800329 310,054 159,669 281,157
3-1-1 9 6 1 65.000 283. 550 56 . 875 178,019 19.600 158,419 468.473 133,590 414.747
3- 1-1 96 2 43,000 3 26,550 37,625 117 , 766 19.600 98.166 566.639 78,838 493,585
3-1-1963 30,000 356 , 550 26 , 250 82.162 19,600 62,562 629,201 47,852 541,437
3- 1-1 9 64 21.000 37 7.55::> 180375 57.514 19 . 600 3 7,914 6670115 27,618 569.055
3- 1- 1965 19.000 ~ 96,5 5C 16,1>25 52 ,0 36 19 . 600 32,4 36 69 9.551 22,503 591,55 8
3-1-1966 16,000 412.550 14.000 43, 82 0 19.600 24,2 2 0 723.771 16,003 607,561
3-1-196 7 12.000 424 . 55C 10.500 32 . 865 19,600 13, 265 737,036 80347 615 . 908
3 - 1- 1968 10.000 4 34 . 550 8 .750 27 . 388 19,6 00 7,788 744.824 4,667 620 . 575
3-J- 1969 8. 000 44 ;> , 550 7 .000 21. 9 10 19.600 20310 7470134 10318 621,893
3- J -1 9 70 1. 950 444.50 0 1,706 5 .340 5,000 340 747.474 185 622.078
TO TAL 35 8 . 95 0 314 , 081 $ 98 3 ,074 $ 235.600 $ 747.474 $ 622,078
C a p i tal Inves tITle n t fo r We ll s a nd Wate r Injec ti o n Fac ilities $ 52, 107 $ 51,48 2 Ne t Profit to NWI $ 695 , 36 7 $ 570,596
(I) N WI - e s ti m ate d as . 8 7 5 (2) C r ude price $3.48 less $. 35 t rans por t a t ion charge.
Table 54
SUMMARY
Plan II
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie Working Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax,
Production, Production, to NWI,(l)@ $3.1300(2) Operating Net Income Date Barrels Barrels Barrels per Barrel EXEenses to NWI
3-1-1957 186.200
3-1-1958 47.900 234.100 41.913 $ 131.188 $ 35.500 $ 95.688
3-1-1959 301.000 535.100 2630375 824.363 98.500 725.863
3-1-1960 347.000 0820100 303.625 950.347 98.500 851.847
3-1-1961 347.000 1.229.100 303.625 950.346 98.500 851.846
3-1-1962 236.000 1.465.100 206.500 646.345 98.500 547.845
3-1-1963 160.000 1.6250100 140.000 438.200 98.500 339.700
3-1-1964 110.000 1.7350100 96.250 301.262 98.500 202.762
3-1-1965 92 .000 1.827.100 80.500 251.965 98.500 153.465
3-1-1966 78.000 1.9050100 68.250 213.623 98.500 1150123
3-1-1967 60.000 1.9650100 52.500 1640325 98.500 65.825
3-1-1968 50.000 2.0150100 43.750 136.937 98.500 38.437
3-1-1969 45.000 2.0600100 39.375 123.244 98.500 24.744
3-1-1970 37.000 2.0970100 32.375 1010334 95.000 6.334
3-1-1971 14.640 2.111.740 12.810 40.095 38.000 2.095
TOTAl. 1.925.540 1 .684.848 $ 5.273.574 $ 1.252.000 $ 4.021.574
Capital Inv estment for Wells and Water Inj ec tion Facilities
Ne t Profit to NWI
(l) NWI - e stimated. 875 (2) Crude price $ 3 .48 less $. 35 transportation c harge.
$ 277,328
$ 3,744,246
Cumulative Net Income
to NWI
$ 95.688
821.551
1.6730398
2.525.244
3.073.089
3 .412.789
3 .615.551
3.769.016
3.8840139
3 .949.964
3 .988.401
4.0130145
4.019.479
4.021.574
Discounted Net Income to NWI@
50/.
$ 93.410
674.842
754.251
718.336
439.980
259.826
147.702
106.468
70.064
41.421
23.035
14.123
3.443
1.085
$ 30353.986
$ 274, 000
$ 3,079,986
Cumulative Discounted Net Income
to NWI
$ 93.410
768.252
1.522.503
2.240.839
2.680.819
2.940.645
3.088.347
3.194.815
3.270.879
3.312.300
3.335.335
3.349.458
3.352.901
3.353.986
Interval
Oil Production,
Date Barrels
3-1-1957
3-1-1958 120.600
3-1-1959 615.000
3-1-1960 657.000
3-1-1961 593.000
3-1-1962 280.000
3-1-1963 200.000
3-1-1964 145.000
3-1-1965 120.000
3-1-1966 88.806
TOTA~ 2.819.406
Capital Investment for
Net Profit to NWI
(1) NWI - 868164
Table 55
SUMMARY
Plan III
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Felmont Oil Corporation Working Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Cumulative Gross Income Oil Gross Oil Less Sev. Tax, Cumulative
Production, to NWI,(I)@ $301300(2) Operating Net Income Net Income Barrels Barrels per Barrel EXEenses to NWI to NWI
396.584
5170184 104.701 $ 327.714 $ 85.000 $ 242.71" $ 242 .714
101320184 533.920 1.671.170 218.500 1.452.670 1.6950384
1.789ol84 570.384 1.7850302 218.500 1.566.802 1.2620186
2.3820184 514.821 1 .611.389 218.500 1039 2 .88 9 4.655.075
2.662.184 243.086 760.860 218.500 5420360 S tl97.435
2 .862 ol84 173.633 543.471 218.500 324,971 S .522.406
3.007.184 125.884 394 .017 218.500 175.517 , .697.923
3.1270184 104 ol80 326.083 2l8.500 107.583 5 .8 0S.506
3.215.990 77.098 2410317 218.S00 22.817 5 .8280323
2.447.707 $ 7.66103 23 $ 1.833.000 $ 5.8280323
Wells and Water Injection Facilities $ 471,409
$ 5,356,914
(2) Crude price $3.48 less $.35 transportation charge.
•
Discounted Cumulative Net Income Discounted to NWI @ Net Incorne
5"/. to NWI
$ 236.935 $ 2360935
10350.562 1.587.497
1.3 6 7 .2 9 3 2.974.790
Itl74.5 82 4tl49.372
435.575 4, 58 4,947
248 .561 4.83 3 . S0e
12 7.855 4,9610363
74.637 5.036.000
15.076 5.051.076
$ 5.051.076
$ 465,752
$ 4 ,585 ,324
•
Table 56
SUMMARY
Plan III
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
John Beattie Working Interes t
RODNEY FIELD
Elg in County, Ontario, Canada
Interval Cumulative Gross Income Oil Oil Gross Oil Less Sev. Tax,
Production, Production, to NWI,(I)@ $301300(2) Operating Net Income Date Barrels Barrels Barr e ls per Barrel
3-1 -1957 85.550
3-1-1958 15.500 101.050 13 .563 $ 42.452 $
3-1 -1959 68.500 169.550 59.937 187.603
3-1-1960 98.500 268.050 86.188 269 .768
3-1-1961 83.500 351.550 73 .062 228.685
3-1-1962 35.500 387 .05 0 31.063 97.227
3-1-196 3 25.500 412.550 2203 12 69.836
3-1-1964 20.000 432.550 17.500 54.775
3-1-1965 15.550 44 8 .100 13 . 606 42.587
TOTAL 362 .550 317.231 $ 992,933 $
Capital Investment for We lls and Water Injecti on Fac ilities
Ne t Pr o fit t o NW I
(I) NWI - e stimated as .875 (2 ) Crude pri ce $3.48 Ie •• $. 35 transportati on c harge .
EXEenses
15.000 $
31.500
31 . 500
31 . 500
31 . 500
31.500
31.500
31 .5 00
235,500 $
$
to NWI
27.452
156.103
238.268
1970185
65.727
38.336
23.275
11.087
757,433
66,497
69 0,936
Cumulative Net Income
to NWI
$ 27.452
183.555
421.823
619.008
684.735
723.071
746.346
757.433
...
Discounted Cumulative Net Income Discounted to NWI@ Net Income
, ".10 to NWI
$ 26.798 $ 26.798
1450131 171.929
210.970 382.899
166.280 549.179
52.786 &01.965
29 .322 631.287
16.955 648.242
7.092 &55.934
$ 655,934
65,699
$ 590,235
...
Table 57
SUMMARY
Plan III
ECONOMIC ANALYSIS OF WATER FLOOD PERFORMANCE
Jim Beattie Working Interest
RODNEY FIELD
Elgin County, Ontario, Canada
Interval Cumulative Gross Income Discounted Cumulative Oil Oil Gross Oil Less Sev . Tax, Cumulative Net Income Discounted
Production, Production, to NWI,(l) @ $3.1300(2) Operating Net Income Net Income to NWI @ Net Income Date Barrels Barre ls Barrels per Barrel EXEenses to NWI to NWI 5"/0 to N WI
3-1-1957 186. 200
3-1-1958 152.400 338 ,600 133 , 350 $ 4170386 $ 48.000 $ 36 9 03 8 6 $ 36 9 , 386 $ 360 . 59 1 $ 36 0 . '>9 1
3-1-1959 511.000 849.600 447.125 1.399.501 17 9 . 800 1.21 9 , 701 1 ,5 8 9 ,087 101 3 3 . 96 3 1,1.9 /,. , 5 59
3-1-1960 511.000 1.360.600 447.125 1 . 399 . 501 179. 800 1 , 2190101 2 . 808 ,7 8 8 1 , 0 7 <,> . 96 0 2 . 5 7l., ~ 1 ~
3-1-1961 308.000 1.668.600 269 , 500 843 .5 35 179,800 66 3 01 3 5 3 .4 72,523 5 5 9 01 08 3013 ,+ , 227
3-1-1962 180.000 1.848.600 157 . 500 492.975 179 . 8 00 31 3 017 : , ,7 8 5 , 698 2 51 . 51 4 303g :; .74 1
3-1-1963 120,000 1.968.600 105 .000 328.650 1 79 . 8 00 148 , 850 3 , 934 . 548 113 . 851 3 ,499 . 5 92
3-1-1964 95.000 2.063.600 830125 260.181 179.800 800381 '.,0 14 , 92 9 58 , 554 3 , 55 o ol4 ~
3-1-1965 48.140 2 .111.740 42.123 131.845 125 , 000 6 . 845 4 . 021 ,77 4 4 , 74 9 3,562 , 09 "
TOTAL 1.925.540 1, 684 . 848 $ 5 ,2 73 . 574 1 ,2 51 . 80 0 $ 4 . 0210174 $ ] , 5 6 2 , 89 5
Capital Investment for Wells and Water Inje c tion Facilities $ 368,370 $ 363,950
Net Profit to N WI $ 3,653 , 404 $ 3, 198,945
(1) NWI - estimated . 875 (Z) Crude price $3.48 less $ . 35 transportation charge.
FIGURES
LIST OF FIGURES
Figure No . Title
PRODUCTION HISTORY
1 Production History - Felmont Oil Corporation Lease s 2 Production History - A. Braddon Lease 3 Production History - A . C . Gillies Lease 4 Production History - J . D. Graham Lease 5 Production History - E . J . MacMillan Lease 6 Production History - John McMillan Lease 7 Production History - John Beattie - Sabjan Lease 8 Production History - Jim Beattie 9 Production History - J . Braddon Lease
10 Production History - Colthart Lease 11 Production History - N . D . McMillan Lease 12 Production History - F. Wright Lease 13 Production History - Dominion Natural Gas 14 Production History - F . G. Purcell Lease 15 Production History - J . Rubi Lease
PREDIC TED PERFORMANCE
16 17 18 19 20 21 22 23
Primary Depletion - Total Field Plan I Water Flood - Total Field Primary Depletion - Felmont Oil Corporation Water Flood Programs - Felmont Oil Corporation Primary Depletion - John Beattie Water Flood Programs - John Beattie Primary Depletion - Jim Beattie Water Flood Programs - Jim Beattie
WATER INJECTION PATTERN
24 25 26
Proposed Water Injection Pattern - Plan I Proposed Water Injection Pattern - Plan II Proposed Water Injection Pattern - Plan III
..
,- 1+
Fig ure 1
PRODUCTION HISTORY
Felmont Oil Corporation
RODNEY FIELD
Elgin Counl y , Ontario , Canada
~~-t+i=R= - -Jl=~l~ _-t, '
-=1: ~!::
·-W~' 1=
r. 60G
~:=t= 500
-H- 1+.L1±~ -,
400
+
x' _=t'
300
200
100
•
oo ::::: 20
<1J
;3:: 00 15 C
. ~
u ::l 10 "0 0 H
0.. 5 ....
0 H -<1J .0 0 S ::l Z
-- -I - - - - - i-- 1--
1= t-t-
I-- I-- L _
6 00 I
I-- -~- -
I-- I--
500 1--
..c: ~ 0
400 t--~ H <1J
I-'-< oo ...... <1J H 3 00 H ro -~ . <1J .... ro ~ 200
<5
100
195 5
-- - -1--
\-- f-
- 1-- -- r-
t--r - ' · t--,
j-- t-f--
---r-
\-\- --
1956
Figure 2
PRODUCTION HISTORY
Angus Braddon Lease F e lrnont O i l Corporat ion
RODNEY FIELD
JAMES A . LEW I S ENG INEERING INC O I'tP' O I't AT IO
Pnrokum Rtu"I'","r AMl,JU
I- -
- f-- t--f--
---I-f- - 1--l-
1--
-r- r--
I
1957
E l g in County, Ontario, Canada
= = = -
e-
6
5 oo ...... <1J H H ro ~ ...... 4 0
oo "0 C ro oo ::l 0 3 ..c:
E-<
......
<5 <1J
2 . ~ .... ~ ::l S ::l l)
•
Ul 20
Q)
~ 15 bl)
5 U
" 10 ." 0 , .. r-+ P.. 5 ... ,=t + + --+ 0
... 0 - <--I
Q)
~i ,
.D ::r - -,-
E f-+ ~~=R=R=+ " z H - ~1=J~ ,
r- ,- f-;'-+R !, I
:j f± -
TI t-3500 :
R=, 3000 , :
.c
" 0
~ 2500 .. Q)
P.. (/l
r-r-Q) +: ... 2000 ... '" "" Q)
~ -1 ~ 1500
<5 --c
1000 -,
500
---1---
1952 1953
r+-..J
-1-=-1=
1954
, '- ! l L_ ± I .r-
=8- $-l +- +:-
=1-
H--r
1955
Figure 3
PRODUCTION HISTOR Y
A. C. Gillies Lease
Felmont Oil Corporation
RODNEY FIELD
1956
Elgin County, Ontario, Canada
JAM!. A. LEWIS INGINI!!RING IHC:O"POIIATIlD
Pmol.tvm RutnlOi'r AlI4l,ru
H-
~- --+-=-,--
200
175
150 ~ Q) ... ... '" "" ...
125 0
Ul "0 c
'" "' " 100 0 .c E-<
<5 Q)
75 -~ ~ " E " U
50
25
1957 1958
. ;; "" .: u , " o 0': (;
" . .D r: , z
25
2 0 f-7+1
~ 1-.-+- n--
600 r-r+ t-
..
:-+-'''+ f-L":i=l..j..C: " - .
T ,
I-r L:.j:"f't 1-1- ri- . + -- -+~ :+ r+- -+ -
r'
f-l -h'
.b
H:"r:j::::j:=j= 1-= ..1
+H-H·
~f!~
L p:: ·+I~ .
"':":..c. -:-;:f:j:-.. :t.., ~. ~. =+
Figure 4
PRODUC TION HISTOR Y
John D. Graham L e ase Felmont O il Co rpor atio n
RODNEY FIELD
=l=\.
Elg in County. O ntcl.rio, Canad a
.rt-H- ' 70
_ ... C
r+- "
60
40
+h- 30
~ .... OJ o ~ ~
OJ 00 .0 " Eu " " Z"" 0
OJ k ~
nl ttl
o
~
Po.
10
5
0
900
800
700
600
500
400
300
200
i=t-
100
R-jl
, , .-1 --r
':'1-
1-1-
- + 11 --+-
-I
I-
--+-1-1-+H-
-t-
+ _ r -
_OJ;, '_ f
+ 1-++
±-=1--r ' 1--
H +
H~rl _
JAME. A. . LEWIS INGIHEIAINO lNCO",.O" .. 'UI
Pnovkwm RUlYloOIt AII4!,IU
40
35
30
25
20
15
10
5
o ~~;iill;£~~~~~Jii~l;!~l~~~~iijli18~~~~~~i!~il~~~~~~~i~]i18j~~~~:illi!8~~!!i:ij~t18!~O 1952 1953 19 54 1955
Fig ure 5
PROD UCTION HIST ORY
E. J - MacMillan L ease F e Lm ont Oil C orpo rati on
RODNEY FIELD
1956
Elgin C o unt y, Ontario , Canada
1957 1958
o OJ ,t oj
'3 E " u
"' '" ~ CD
.S u
" ." 0 ~
0.. .... 0
~
'" .D
S " z
.<: '2 0
::E ~
'" P..
~
" ~ ~
'" Iil
'" :;; ~
0
20
15
10
5
a i---I--~
8000 r-I
7000
6000
5000
rr
4000
3 000
f-> .-t-
2 000 H--i-+-,r i=t=j:+-t
i-H-++-
1000 1+tt=l=t+-
1-1-r,-L
--++ , H·
+
: :
-1 I ,-, .. ,L
I--+--j-
,~
, -,
;
, H-=1-.
f+
1 +;-
-1--:+-
.-1.
+ -
+
JAMES A . LEWIS ENGINEERING IN(;QII"OIlATIO
P'lroW"'" Rurr,*, .... "a/,JlJ
350
300
250
200
150
100
50
a .ii:i"~~"~1i~~~.ii:i';~"~"~~~.ii:i'~~"~"ti~i.';:i.:~~"li"tl~i.';:i.::~"""~~i.'; :i.:: ~"li"~"C1i; ·~li""i"Ji.¥O ~~~<~~~<~~~c~~~<~~~<~~~c~~~<~~~<~ozc~~~<~~~<~ o zo~~~<~~~~~~zo~~s<~~~<~8.d~~a12 __ ~~d.c 19 52 1953 1954 195 5
Figure 6
P RODU C TION HIS TOR Y
John A. M c Millan Lease Felrnont Oil Corporation
RODNEY FIELD
Elgin County, O n ta.rio , Canada
1956 19 57 1958
o '" .~ .,. ;; S " u
..
til 20 ...... ...... Q)
~ 0.0 ~ ... u 10 :;l '0 0
'"' 0.. ..... f-0 f-- - - f-
'"' 0 f- --. -
Q)
.D E
f- f---f- - f- I-f- ·-f - ._-
:;l z 1- - -_. +- -- _.-f- - _. -1- - 1---I-- f-- . --I-- f--
r- --- -.
f- f-- f-
f- f--
f- --
f-- f-
5 000
..c: ..... -~ 0 4 000 ::E '"' -Q)
0.-til ...... Q) -_.
'"' '"' 3000
ro j:Q
. 1/ .... -Q)
..... ro ~ 200 0 ...... ... 0
--
1000 Ii ! i f I I t i ! 8 .Ii
19 55
.. -
J J
--
-
~
- _.1.. _ i- -f-- ,---
/
If
I/'
/ ~-
- f-
..
f- 1--
-
_.
- - t-- 1---- f-.. I-- t--- -
- t-
---
,; ! j t I I f j i s j ~ • 1956
Figur e 7
PRODUC TION HIS TOR Y
Sabjan L ease
John B eattie
RODNEY FIELD
JAMES A. LEWIS ENGINEERING IN C ORPOAATID
PCh'Oleum R£s~wiT ArtaZ,.fu
f-I-
-_.
- . -- ,- - - .. - - f-
t-- -- . _- t-r--
-l-t----
- -
j ! j I ~ 1 t Il i j J :II
19 57
E l gin County, Ontar i o, Canada
90
80 til ...... Q)
'"' '"' !II
j:Q .....
70 0 til '0 ~ ro til :;l 0
..c: 60 E-<
~ 0 ... ..... u :;l
50 '0 0
'"' 0.. ...... ... 0
40 Q)
> ... ..... !II ...... :;l
E :;l
30 U
20
.. 40
'" ~ 5" 30 u
" '0 o ... 20
0..
'0 ... '" E " z
... '" p.
10
o
10
8
6
4
2
1953
f- -
1954
~~ "- -
1955
Fig ur e 8
PRODUCTION HISTORY
Jim B e attie
RODNEY FIELD
1-
Elgin County, Ontari o, Ca nada
=I=r --i
1956
JAMES A . LEWIS INGINIIAINO
.... 140 0
" '0 = <d
120 ~ o
..c: E-<
100 ~ u
" '0
80 ~ 0..
(5 i-r- r:- 60 '" .::
1957
~ " 40 E
20
" u
30 III -..... ..... Q)
~ tlI) .:: .... 20 u ;;J
"C 0 !-< P. "" -0 10 !-< Q)
..a S ;;J
z I-- -I--~ -- --I- --I-- - f- - -
0 I-- -- --
--I-- e- I-I--i-t--
I--f- f- - -I-- i-t--
--I--I-- t- - -- 1-- f---
--f-e-- -f-- -f--- ---I--
1= f-
1--1--I--f- -
8000
..<: ..... .:: 0
6000 ~ !-< Q)
0-III ..... Q)
!-< 4000 !-<
'" ill
0) .....
'" ~ 2000 ..... 6
0 i ! j i i J filii
1954
- -" JAMES A . LEWIS ENG INEERING
--
i .i •
r- -
-
. f-I-f-- -- -
-- f- --,
--1--- --f---
--- -
- -
.i ! j iii f j 11 I .i i! 1955
Figur e 9
PRODUC TlON HIS TOR Y
J . Braddon Lease
Jim Beattie
RODNEY FIELD
Elg i n County, Ontario, Canada
INC O 'U"Q IIII ATIO
Pttroltum JUmvoir ANlbltS
-
-- -f- --
- f--
-- --
I i I ! ftlll 1956
100
90
80
III ..... Q)
!-< 70 !-<
'" ill
"" 0
III "C
60 .:: '" III ;;J 0
..<: E-<
50 ~ 0 .... ..... u ;;J
"C 0 !-< P.
4 0 -<
6 Q)
. ~ .....
'" ..... 30 ;;J
S ;;J
U
20
10
o J
III --4)
~ bO ~ ... u ;1
'tI 0 k
p.. .... 0
k 4)
,!l
S ;l Z
k 4)
20
10
0
2500
2000
p,. 1500
'" ...... 4)
k k nl
f- -I-
f-1-- -
f-t- - -
(!l f-t-_ 1000
QJ
~ ~
f-_ .
500 f- - -
f- -
o
- f-
. -1--
1955
f -
- f-
-- -
1- - . - t-f- -
I- t--t-I -f-
JAMES A. LEWIS ENOINU"INO
r-t--
IMCO"~O.AT'D
P_ .. ~AMbta
. _- f- .
i·- r-
I - t-t
i-t-t
t-f-
;=
9
8
7
6
5
3
f-t-f - t-I-- ··-t-t·-f-t- -
. -" -t - f- t·_ · t- ,,- 1"-1-- t-t-- +- f-t- 1-
- t-t- 2 f- f- t--t--t- - I- i-
f- - f- t-. . ._-
"--1--
.- r-e-'
1956 19 5 7
F ig u r e 10
PRODUCTION HISTORY
C o lthart L ease
J im B e a t ti e
ROD NE Y FIELD
Elgin C o u nty , Ontario , C a nada
...... o
QJ > ..... ~ ...... ;1
S ;1 u
CD 20 ..... ..... JANE. A . LEWI. ENGINURING Q)
~ INCO .. ~ •• T.D , ..... __ Aoor.bta
00 d .... u 10 =' '1:l 0 ~
~ ..... 0 ~ 0 14 Q)
.Ll E ;l z
12 CD ..... Q)
r- .. ~ ~ <II ~
2500 10 ..... 0
CD I- '1:l
d <II
1-1-. III
=' 2000
.c:
- -1- 0 8 .c:
E-< .... -- --d 0 ci" ~ 0 ....
-- .... ~ Q)
1500 P-III ..... Q)
f-- t- - -
.t- .
u 6 ;l
-g ~
~ ~ ~ ~ ~
0) 1000
.... <II ~
- - - 1--- f - -1= -- I- l-I--I-1- .- - r-._- 1-- -- .
_.
1-· , .. - t---
l-I- t- t-- I- I-
..... 0
4 Q)
> . ... .... <II ..... =' ..... ....
0 500
- .- - .----I- E
;l
2 U
- I--t-I-- - - ~- I-
i ! j ! ~ ! Ii i ~ i ! .; ! Ii !i It i j i ~ I ! i ! I !iJ i j i ~ j J a IE a .i o o
1955 1956 1957
Figure 11
PRODUCTION HISTORY
N. D. McMillan Lease
Jim Beattie
RODNEY FIELD
Elgin County, Ontario, Canada
<II 30
'" ~ b/) 20 .5 u
" "" 0 .. 10 ~ ... 0 .. '" 0 .D E " z
..c: 'i: o 4000
::E .. '" ; 3000
'" .. .. nl ~ 2000
'" :il ~ 1000
<5
I-I-f--
50 JAM!.. A . LEWIS ENGINEIJUNO
IHCOIIP'O""T'O
1- :-r ___ ~~
1-=1 45
40
35
30
25
1-1- --20
I-r-- 15
._- -
10
f--F _
5
- 1-1-1-0 ' . . . . . 0
~ ~ ~ l i 1 ~ 1 ! ~ l l ~ ~ ~ : i j ~ i 1 ~ ~ ~ ~ ~ i : i j ~ 1 a ~ ~ ~ ! ~ ~ : i ] i i 1 g l ~ ! ! ~ l i ] ~ i 1 ~ j ~ 1953 1954 1955 1956 1957
Fig ure 12
PRODUCTION HISTORY
F. Wright Le as e
Jim Beattie
RODNEY FIELD
Elgin County, Ontario, Canada
~
'" .. .. nl ~ .... 0
<II
"" ~ nI <II
" 0 ..c: E-<
ci' ·3 u
" "" 0 .. ~
<5 '" -:: :il ;; E " U
(II 15 100
" ~ "" 10 90 <: '0 JAMR. A . LEW IS ING1NlEilAINO
::l IH COIt'OIlllATID
!! '0 PmoWu'" R.NnIOfr A""'" 0 " ... 5 80 ... 0- ...
III
"" 0 CIl ... "" " 0 70 0
,J:l (II
E '0
::l C
Z III (II
3000 60 ::l 0 .c f-<
Ii' .c 2500 50 0
i:: ~
u 0 ::l
::E '0 0
... 2000 40 ... " 0-C>.
~ <5 " 1500 30 " ... ... ,~ nS ~ CIl ..,; " 1000 20 E ~ F--- · F = ".1. ... ::l
0:: = ': .01= W= 1- U
<5 I=- c.~= ; =-r=.: ~ ...
50 f- -~-~F 10
l-=±-c: f--T- =i=l--:
1953 1954 1955 1956 1957
Figure 13
PRODUC TlON HISTORY
Dominion Natural Gas
RODNEY FIELD
Elgin County , Ontar i o, Canada
'" " ~ OIl
.5 u
" '0 0 ..
p,. ... 0 .. " ,D
E " Z
..c: C 0
~ .. " 0-
~
" ... .. '" ~ " ';d ~
0
15~
=. ~ =C" -- .
10
=--t=1 iJ=
5
0
3000
2500
2000
1500
1000
500
= I-'-i""
I-
i r r--:
-f 1-=+=
-- I=~ '=
-+-
-+--
~ ---i- ._> ,
:t='. -1 . - i~ '=t
,~ .
H - _J
1-
=+-~- --. :~-.
,==1 =- -:' ---j-
JAMIES A. I.,.EWI5 INGINI!EAING '''C:O.''OIl .. ,IO
PftO'DIN", IWorrlolOh A..."..
:t::::!=i=+= :~ =-i=;... I- I- % 1-i;,,;;;:t::--l=I==i= =t:t: I=: 1=
t~1=1= ~ 1-1- 80
70 '0
60
1-1-_ 50
40
30
20
10
'" '0
" '" '" " o ..c: f-<
" .~ u
" '0 o ..
p,.
o " .:: 3 " E " u
19 5 3 l S54 1955 1956 1957
Figure 14
PRODUCTION HISTORY
F. G. Purcell Lease
Dominion Natural Gas
RODNEY FIELD
Elgin County, Ontario, Canada
.,
" ~ bO <= U " "0 0 ~
Po. ... 0 .. " .J:J e " z
.c 0: 0
::\ ~
" 0-
~
" .. ... '" ~ " ~ ~
0
15 5 0 J AIo4Ea A. L EWIS INGIHE!RINO
'''CO'U' OJl ATlO
p~", Jteuwob A-I, ..
10 45
5 40
0 35
30
1000 - - 25
800 20
600 15
,-400 10
r-C--
200 ~
__ I- f= t-- --- -5
1-'----_-
o !~~: i ~li!~!~!~~:iilE!8f~~~;:i~~i£~!i!~~~ii~ilg!~A ! ilijii!~!~O 1953 1954 1955
Figure 15
PRODUCTION HISTORY
John Rubi Le ase
Dominion Natural Gas
RODNEY FIELD
Elgin County , Ontario, Canada
1956 1957
~
" ~ ~
'" ~ ... 0
'" "0 <=
'" ., " 0 .c f-<
c: ·3 u
" "0 0 ~
Po. ~
0 " .:: ~ S e " u
BOO
±
700
" 600
>. · Cl
" · 0-
· " t · III
· .. .:
i5 I · " ~ 0 > t- -, <:
0 0 10 15 20
-h
f
i+
r ~
/-
+ '1- t -t -,- ~--H+
25 30 35 40
Years After 3-1-57
Figure 16
PREl)JCTED FIELD PERFORMANCE
UNDER PRIMAR Y DEPLETION
Columbus Formation
RODNEY FIELD
Elgin County, Ontario. Canada
L
J ...... &. A . L.I[WI5 lNGINll.lUNG
1'<fI'Ol." ............. AowJ,tu
· · " 2.5 " · III
'0 · C
~ l
" 'B , '0
1. 5 0
a: i5 · . ~ .. -;; E " u
0. 5
+-0
45 50 55 60 65
-
4 000
I
3000
* 1
>-'" 0 H-... " p.
~
" H-... ... f++- ~ -I '
'" , , ill !-i t+- L
" 2000 ';;j 0:: rl -<5 t±!= " oil
'" ... " > ..:
I -I
1 000 H
-i -I-L.
H-tJ I
4'
rf
t-r ,- I
H+b 2
I
=F I -- +--,
:~~* --
i+1=l= I I
- I . T 1 -,-, f-l:::t -- H - -- J AM ES A . L EWIS ENG I N EER I N G '
1-' -INCOIt,.O,. ... T(O I I
P~tf'olnu" Rewn'Oir AruaJ,ru
- - i
I --
- --
-
I I I I.
I
-
I
I I I --
I , -I- -
6
+1 -t 1 -- --- -•. , J --" 1--
t+=' --, f-tt H - -I ' --r- Cum ulativ e Oi l -- ,r . r I I -
I b} 1 ;
+ I+H+ ~ =;= J .- r++ I , ++ -.
Oil Rate +' -j -I
I I
5
-,r -f ,-- !
It I
I I -- I I
I ! I r I I
I '~ 1 1 ~~=- it _. . 1-'- I - -f _ I q=n 1 ~ $clIJ .-
-I itr!-$~T I T: I
~$ti 1 - -,-
S L l' __ 1\ -L+ t " -t t IT t .. J.. I
- :t~ '=H~H~~i ' . I I I
4
3
t ,i1~ --\- -I..Lr ~~- l--l ~~ f I
-t- l- H-i-r . I, I
-I + I
+ - -
i
4
- -I-I I -I I
I I . -
~ ~ t*~ .~ 1 -. , ~i. -' -LLL _.
j LLLiJ-I _I i-I ! I
i-rr I I -j I I
-1 + 1-+-1 d: I R1- 1 I
I -I-+-
i
6 8 1 0
Years After 3-1-57
Figure 1 7
PRE DICTED FIELD PERFORMANCE
UNDER WATER INJECTION PROGRAM P l an I
Columbus Fo r mation
R ODNEY FIELD
Elgin County , O ntario, Canada
1 2 14
2
a 16
~
" ... ... '" ill
4-0 0
<Il 0:: 0
~ C
.S u
" "d 0 ... 0.
<5 " ;: ';;j '3 E " u
>-• Cl
" ~ 0. ~
~ " • '" ~ ..
0::
(5 ~
"" ~ · > -<
100
10 zo 30
Years After Mar c h 1, 1957
Figure 18
PREDICTED PRIMARY PERFORMANCE
Felmont Oil Corporation Leases
RODNEY FIELD
Elgin County, Ontario, Canada
' .
JAhnS A. l.IlW.S I:N01NIIIIIIINO
40 50
1Z00
1000 !; ~ " • '" '0
· 800 "0 C
~ " o "' f-<
600 .! , "" o , ~
400 6
· .~ .. :; E ,
zoo u
o 60
2000
1500
>-oj
Q ,.. ~ 0-C/l ..... ~ ,.. ,.. oj
(Q
0) 1000 ... oj
~ ..... <5
Q)
OIl oj ,..
" ~
> ...1 ' ~
If
500
Plan II Plan III
:::l
5 10
Years After Mar c h 1, 1957
Figur e 19
Plan I
+ JAMES A . LEWIS ENGINEERING
15
INCOilll l"O" "TID
Pt'trof,.um Rt'Ut'wif AMI,ru
r
PREDICTED WATER FLOOD PERFORMANCE
Pla ns I, II and III
F e lrnont Oil Corpor a tion Leases
RODNEY FIELD
Elg in County , Ontario , Canada
3000 C/l ..... ~ ,.. ,.. oj
(Q .... 0
C/l 'U ~ oj C/l ~ 0 .c f-<
a 2000 .~ u ~
'U 0 ,..
Po. ..... <5 ~
. ~ ... oj
;; S
1000 ~ u
· · 0.
· · · · '"
·
80
70
60
~ )0
· ~
+-
T
'-+-1
,-I-
L - I-
10
.J
-1 ..!
,. J: l-
f-;
'1:::-, -I
+ 'I
15 20
Ye a rs After Ma rch I, 1957
Figu t't! 20
PREDICTED PRIMARY PERFORMANCE
Sabjan Le a s e
John Beattie
ROD NE Y FIEL D
El gin County , Ontario. Canada
150 · · · '" c;
· -0
~ " 1 ...
100 .;
'B " -0 0
.t i5 · .~ -;
H E 50 " U
25 30
... (l)
0.
'" ...... (l) ... ... oj
~
......
<5 (l)
OIl
'" ... (l)
~
JAMES A. LEWIS ENGINEERING INCO"~O"ATID
P,rrolnlm RutTtIOif Anm,ru
400~~~~~400
200
H+ T
H+ ~ +-1
++ 1
1
H-'
100
o o 5
, 1 Plans I & II
, ,
-1- -
1 G
Years Afte r March I, 1957
Figure 21
PREDICTED WATER FLOOD PERFORMANCE
Plans I, II, and III
Sabjan L ease
John B eattie
Elgin County, Ontario, Canada
15 o
4-< o
250
.. .."..
-!. 200
T
700
;:- I.: , Q
-· " 600 0-
~ · · - + · - -· -co · -, 500 CO · '0 :;; ~I' · 0: ·r ' T
'" c 0 ~ · " 0
'" 400 .<:
~ f-< _l.. -'
> -r C < 'B " '" 300 0
-j 0'::
0 ~ T · .~
" 200 :;; -; E " U
100
t-I
T
0 ' , 0 0 10 15 20 25 30 35 40 45 50 55 60 65
Years After March I, 19 57
Figure 22
PREDICTED PRIMARY PERFORMANCE
Jim Beattie Leases
RODNEY FIELD
Elgin Count y, Ontario, Canada
I
>. oS 0 ..
<I)
Po
'" ..... <I) .. .. oS ~
ai ..... oS ~ ..... .... 0
<I)
bO oS .. <I)
> <
1600
1400
1200
1000
800
600
400
200
o o
-
JAMi!:B A. L!WIS I!NGIN!ERING INCOIIII"OltAT,D
Pmokum Rt~, AMl,su
2000
Plan III Plan I
Plan II 1500 '" ..... <I) .. .. oS ~ .... 0
'" 'tl ~ oS
'" ::s , 0
..r::: - I I E-<
a 1000 0 .... .....
u ::s 'tl 0 ..
p.. ..... 0
<I)
.~ ..... oS ..... ::s 8
- ::s , 500 U
I
I -
I
I
o 5 10 15
Years After March 1, 1957
Figure 23
PREDICTED WATER FLOOD PERFORMANCE
Plans I, II and III
Jim Beattie Leases
RODNEY FIELD
Elgin County, Ontario, Canada
F, l lnO"! 1', 1",, 011' ", Im o n t
LOT 4 LOT 6
I I I I I
--L __ __ A_.'~ ==~~~~~;t!:=:=:::~~~~=;3~7')::::----_~..0==== _ _ ,= 7 N twS"SIO I
I-~ I ~
I I I I I I I I I I I
_ ..L_
~-r;
I
I
, .. " l _CD'~ ~j 'un', I PII ,.~ , II
LE GEN D
® ad W. II'Con ... .. "d To I"llct lon
o Propos. d Prod UCI ng Wi l l
, " Produc i ng WIll To at Abo"don,d
J Rub,
II
FIGU RE 24
PLAN
PROPOSED WATER INJECTION PATTERN
MODIFIED FIVE SPOT
RODNEY POOL AlDBORQUGH rwp ELG I N CO
iltOVED 11' CArIE
ONTAR IO, CANAOA
iIt(Y'$(O l Y CATE APPtlO V[ OI" DAff '
o
I
I I I
F.lmonl
LOT 4
F.lmonf
LO
1' . l monf
.. k
J
.;
'0
.3
CON
J
1
, k
I ~ .... 'J /I 2 £ J MacMlllolI
IV
J
.; 0
I', l monf
LOT
.J
6
. k
JO. Grah a m
I ____ A_B"~~dd~'~"='ilE==,JE~J ~~~'~~'~'~"~'~~~~===3IF=~=~~~ -L- " • "'''----./~7Ne'''B,, !>rO I ---r --.-,~" " F l l mon'.:. e mon _'. '---./.,,:
I " ... :·l'· ... ' -I i
I J ~ ... ' LOT 4 I
" 0
o OT.s 5
. '" 0
LEGEND
®" Ojl W." Convlrf.d To In j lct i on
@ Pro pos.d I",j.ctlon W.II
Pr oducln o all W.II
o PropOlld Producl no W.II
, • ProduclnO w ... To 8. Abondo ... . d
, '"
LOT
.;
.:
,;
~'
.. k
J Rue,
6 ...
;
~
.:
.;
:
.. A ItI Co llu'"
FIGUR E 25
PLAN II
PROPOSED WATER INJECTION PATTERN
STAGGERED LINE DRIVE
RODNEY POOL .o.LDBOROU GH TWP ELGIN CO
O.lf • ltov[oeV
O NTARI O, CANADA
OAT! . PPiltDvEO 8f
D
Felmo n l Feimoni
~o
LOT 4 LOT !5 LO T 6
®---+-CO/'l~v-----<o
• 6 • Fe mo,, 1
I .' .' :
I I ~, " · , . · I
}
I .' .' .' ,I/on j E J ~a M,I/on
j ~ __ __ A_ 8,OdtJ(M J "',
I--~ Beo I,t F e lm o"~
" .' . I .F 0 , .' J
. . 6 0
~ [or , I
.J " ) . CON V
J
...Lo ., .'
• 0 ." J
~o
.' I
I ; ; / J O~," B1o lI ' :
J
. 0 · . 4 i .
I -< ~ 1 ; .'
I .' .. .' t
1 I ~
.' f : ;
I .' ;,.0 . -~
NO M( M, 'en J 8 , ,JJo n 5 , ,on
71 f ell,. Cemlo,1 0, ''''0'' .. .' 4 .' .' .
J
. .' .' .' .. . .' . · J f : .' :
J
4 4 : F ~~ J .
l_ T unts Cou"o" runtJ Pu ~ ell ~- --- 0
LEGEND
<i Oil W,II COn Wf"fd To Inj'ctlon
@ Propos,d Inj ectio n W,I I
Prod"clnO 011 W'II
o Propoud Produc inO W,II
, .. Prod"C ln; '1'1, 11 To B, Abondon,d
;
.' • 0 :
.;
.J 0 G, hOm
F" ~Nt!"'B"5fOI
.' 0
LOT 6 ,.' .;
" . · .
~O
.' ;
~ .6 .'
" .' · : .' A C 6'/I, e5
.'
:
.'
,; .J Rub '
i
------.,0
.'
-------"0
4 . ~o
.' -:
.. A "
.'
C<JII~m
FI GURE 26
PLAN m PROPOSED WATER INJECTION PATTERN
STAGGERED LINE DRIVE
D'''''''fllllly DaTE
RODNEY POOL ALD80ROUGH r wp E L G I N CO
ONTARIO, CA N ADA