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Record W2015000124 · doi:10.2118/2004-197

Leduc-A Turnaround Story to Start the Next 50 Years

2004· article· en· W2015000124 on OpenAlexaboutno aff
F.M. Wu

Bibliographic record

VenueCanadian International Petroleum Conference · 2004
Typearticle
Languageen
FieldEngineering
TopicOffshore Engineering and Technologies
Canadian institutionsnot available
Fundersnot available
KeywordsComputer scienceTurnaround timeOperating system

Abstract

fetched live from OpenAlex

Abstract The historic Leduc Woodbend field in central Alberta represents a significant stepping stone for the growth of the modern Canadian oil and gas business. However, as with many fields of historical significance, recent developments have been as interesting, and as relevant, as those of 50 years ago. After the original operator Imperial Oil Ltd sold the field to Probe Exploration Ltd. ("Probe"), there was a rapid rise in fortune followed by an equally steep plummet. In early 2000, after less than three years of ownership, Probe was placed into receivership. The court appointed receiver-manager ("receiver") contracted with a team of engineering professionals to assist with the management of daily operations while a sales process was conducted. However, with declining volumes, a perceived environmental roadblock and a processing system rife with costs and onerous agreements, it was soon apparent that there were few purchasers with the necessary wherewithal or desire to acquire the asset. The receiver therefore turned to their professional team to improve production rates. The ever changing business environment led the team to develop and implement a longer term game plan in addition to the immediate business necessities. This paper discusses the business, technical and operational philosophies that were employed to yield quantum improvement in the economic operation. This was achieved within a context of stringent regulatory compliance requirements, tight economic constraints and a fifty + year old infrastructure all while simultaneously contending with urban sprawl. These positive results ultimately led to a successful sale of the asset just over three years after Probe was placed into receivership. Introduction In November 1946 Imperial oil discovered the Leduc Woodbend oilfield in central Alberta with the drilling of the 5–22-50–26 W4M oil well. This well, which penetrated the Nisku (D-2) formation, started the modern age of Alberta's petroleum industry. The Leduc Woodbend field, located only 20 miles southwest of the provincial capital of Alberta, Edmonton, continued to be developed over the next 10 years. This ultimately led to a total of 525 wells being drilled into both the Nisku and the Leduc (D-3) horizons, in addition to the construction of central oil treating and gas conservation plants. With original oil in place of 600 mmbbls and 850 bcf of gas, the discovery still represents Alberta's ninth largest oilfield. In 1997 Probe Exploration Ltd. ("Probe"), a small producer, purchased the majority of the Leduc Woodbend field from Imperial Oil Resources ("Imperial") to become the operator, and on average an 87.5% owner. Probe's purchase tied together their land position to the south of the main Leduc property from which it had built a small production level and included the construction of a sour gas plant at Calmar, Alberta. Once the Imperial properties had been acquired, Probe attempted to exploit the remaining reserves contained in all the formations penetrated by the vast number of wellbores. With high capital costs, relatively low levels of production success in three majorprojects, flat commodity prices and ever increasing debt financing associated with these and other projects, Probe Exploration was placed into receivership on March. 1st, 2000.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.952
Threshold uncertainty score0.983

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.019
GPT teacher head0.206
Teacher spread0.187 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2004
Admission routes1
Has abstractyes

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