Basin Exhaustion: A Geologic Reality

• Picture the life of a basin as an S-Curve

  • Early efforts find small fields as knowledge grows
  • Explorers quickly find the largest fields
  • Remaining fields are smaller and harder to find
  • Incremental discoveries add fewer reserves

Time or Cumulative Discovery Wells

Cumulative Reserves Discovered

Finding the Big Fields

Diminishing

Returns -

Small Finds

Basin Exhaustion S-Curve

Source: APC internal

Most areas in U.S. L48 are already reaching Basin Exhaustion, the top of the S-Curve.

Understanding the Basin

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