Utah Checklist of Information to Obtain For Producing Properties Evaluation — Types and Key Information to Gather When evaluating producing properties in Utah, it is crucial to follow a checklist of information to ensure a comprehensive analysis. Understanding the various types of checklists available and the key information to gather is essential for making informed decisions. Here are the types of Utah checklists for producing properties evaluation along with the relevant keywords to consider: 1. Geological and Geophysical Checklist: — Geological formation— - Reservoir characteristics — Well log— - Seismic data - Petrophysical properties Thicknesseses— - Depth structure - Stratigraphy — Reservoicontinuityit— - Fault systems 2. Geological Production Analysis Checklist: — Historical productioDATat— - Reservoir pressure gradient — Flpropertiesrtie— - Water cut analysis - Decline curve analysis — Production decline rate— - Reservoir drive mechanisms — Estimated ultimate recovery (EUR— - Enhanced recovery methods 3. Engineering and Facilities Checklist: — Well design and completion detail— - Production facilities — Artificial lift system— - Surface and downhole equipment — Flow rates and pressure— - Wellbore maintenance — Equipment integrit— - Corrosion control measures 4. Environmental and Regulatory Compliance Checklist: — Environmental impacassessmenten— - Permitting requirements — State and federal regulation— - Water and waste management — Air qualitcompliancenc— - Hazardous substance handling — Emergency response plan— - Liability insurance coverage 5. Economic and Financial Checklist: — Commercial terms and agreement— - Revenue sharing arrangements — Royalty rate— - Operating costs - Production forecasting — Reserveestimationio— - Cash flow analysis — ROI calculation— - Tax obligations 6. Legal and Title Checklist: — Lease agreement— - Contractual obligations — Surface ownershi— - Mineral rights verification — Title opinion— - Easements and rights-of-way — Encumbrances or lien— - Property access rights — Joint operating agreements By utilizing the above checklists, investors, operators, and industry professionals can gather essential information for producing properties evaluation in Utah. Each checklist covers a specific aspect, allowing for a comprehensive assessment of geological, engineering, environmental, legal, and financial factors. Implementing these checklists ensures a thorough evaluation process, minimizing risks and aiding in making informed investment decisions.
Utah Checklist of Information to Obtain For Producing Properties Evaluation
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