From Basin to Balance Sheet

Jeff Parke

Things I'm thinking about

Episodes

  1. 2d ago

    Designing Wells for Value

    The well is the point where geology becomes production capacity. Its productivity determines how many wells must be drilled, how large the facilities need to be, how quickly the field reaches plateau and how soon revenue begins to repay the investment. Its behaviour can also determine how much water must be processed, how much reservoir energy is wasted and how much oil is ultimately left behind.

  2. Jul 24

    What makes fluids move?

    The seismic interpretation looks convincing. The appraisal wells have produced economic hydrocarbons. The volumetric range is large enough to excite people. There is already talk of plateau rates, export routes and first production dates. But one question now matters more than almost any other: How will the reservoir actually behave once we start producing it? A discovery, no matter how large, is automatically a development. Oil and gas do not appear at the surface simply because we have proved they exist underground. They have to move through the reservoir, enter the wells, rise through the tubing, pass through the facilities and reach a market. They must do that at useful rates, for long enough, to repay the investment. Reservoir dynamics is the point where a static description of the field becomes a moving system. Pressure falls. Fluids expand. Gas, oil and water begin to compete for the same pore space. The reservoir starts to reveal which parts are connected, which parts are poorly swept and which assumptions in the development plan were too optimistic. The consequences reach far beyond reservoir engineering: well count, injection, facility capacity, water handling, compression, plateau length and ultimately project value.

  3. Jul 24

    Appraisal and the Value of Information

    So far in this series, we’ve followed the upstream journey from exploration to drilling and the excitement of making a discovery. It is three o’clock in the morning on a drilling rig. For weeks, the drill bit has been working its way through kilometres of rock, following a target first imagined from seismic reflections and geological history. Then the signs begin to change. Gas readings rise. The cuttings show oil staining. Pressure measurements confirm that the well has entered a hydrocarbon-bearing reservoir. For the people on the rig, and for the team watching from an office hundreds or thousands of kilometres away, this is the moment they have been waiting for. A discovery. But discovery is not the same thing as a field. A single well is a pinprick through a structure that may extend for many kilometres. It tells us that hydrocarbons exist at one location. It does not tell us, with anything like the confidence needed to invest billions, how far the reservoir extends, how its quality changes, whether faults divide it into separate compartments, or how quickly the oil or gas can be produced. The business problem has just become much harder. And that is where appraisal begins.

  4. Jul 24

    The Size of the Prize

    In the last episode, we explored the reservoir itself — porosity, permeability, pressure, fluids and the geological properties that determine whether hydrocarbons can actually flow. But today we move into one of the most commercially important questions in the entire upstream business: How much oil and gas is actually there? Because finding hydrocarbons is not enough. Companies need to estimate how much exists in the ground, how much can be recovered, and how uncertain those estimates really are. Those estimates influence almost everything: Share prices. Field developments. Investment decisions. Company valuations. Government revenues. And billion-dollar infrastructure projects. Today’s episode is about volumetric estimation — the science, engineering and statistics behind estimating hydrocarbons in place and recoverable resources.

  5. Jul 23

    Understanding the Reservoir

    So far in this series, we’ve followed the upstream journey from exploration to drilling, and then into safety and environmental management. But drilling a well is only part of the story. Once the well reaches the target, a new set of questions begins. How much oil or gas is actually present? Will it flow? At what rate? Under what pressure? How connected is the reservoir? And how much of the oil or gas can realistically be recovered? Today’s episode is about the reservoir itself. Because a hydrocarbon accumulation is not simply an underground storage tank. It is a complex geological system made of rock, fluids, pressure and flow pathways — and understanding that system is what allows companies to turn a discovery into a producing asset.

  6. Jun 5

    Safety, the Environment and Risk

    Today, we move into a topic that sits underneath every part of the upstream industry. Safety.

  7. May 31

    From Prospect to Wellbore

    Today’s episode is about drilling engineering: how the upstream industry connects a subsurface target to a production facility – with a wellbore.

    From Prospect to Wellbore

  8. May 27

    Exploration

    Exploration. Imagining and then finding hydrocarbons

    Exploration

  9. May 27

    The Field Life Cycle

    Intro and overview of the field lifecycle

    The Field Life Cycle
  • 9 Episodes

Ratings & Reviews

5
out of 5
3 Ratings

About

Things I'm thinking about

Information

  • Creator
    Jeff Parke
  • Years Active
    2026
  • Episodes
    9
  • Rating
    Clean
  • Copyright
    © Copyright 2026 All rights reserved.
  • Show Website
    From Basin to Balance Sheet

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