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Southwest Section AAPG Annual Convention

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“Got lemons? Make lemonade!”

Abstract

During rough times in the oil patch, geophysical or “seismic” budgets are usually pretty close to the top of the list for cutting back or even eliminating. However, some forward-looking companies actually do the opposite – they increase spending on geophysical analysis. There are many reasons this is a good idea; acquisition and processing costs are considerably lower, personnel on both the oil company and contractor side have more time to devote to these projects and, when done properly, they will have served to high-grade drilling prospects to exploit when the industry has recovered. This paper will present cost estimates and benefits and will outline some recent developments in reservoir analysis.