Bringing it all Together: Oil & Gas Operations after Acquisition and Diligence Gina M. Banai
Exploration & Production Phases Acquisition Planning & Permitting Construction Drilling Completions Production Midstream 2
3 Acquisition
4 The process of acquiring a Working Interest in Oil and Gas Leases for development □ Landowners □ Brokers □ Oil & Gas Operators □ Purchase in Fee Acquisition
5 Planning & Permitting
6 Well site location and design is typically based upon the following factors: □ Geology □ Landowner preference □ Current infrastructure in place Roads, pipelines, etc. □ Environmental restrictions Wetlands, streams Planning & Permitting
7 ESCGP-2 Permit □ Earth Disturbance General Permit □ Stream and wetland crossings Highway Occupancy Permit (HOP) Well Permit Joint Permit Application □ For larger scale projects- when certain criteria are in place the Army Corps of Engineers and DEP must both evaluate and approve plans Township Permits □ Sewage □ Grading Planning & Permitting
8 ESCGP
9 Well
10 Construction
11 Construction
12 Construction
13 Drilling
14 Drilling
15 Drilling
16 Drilling
17 Drilling
18 Completions
19 Completions
20 Completions
21 Flare
22 Production
23 Production
24 Production
25 Production
26 Production
27 Production
28 Midstream
29 Midstream
30 Midstream