Your office door swings open and the landman says there’s bad news.
Define slight again?
Sounds crazy? It happens. Millions of dollars of investment unexpectedly turn to sunk costs. It’s expensive. There are legal battles and there are sleepless nights.
Keeping Track of Tracts
Our partners say that keeping track of leases over time is challenging. Creating drilling field plans is one part of the puzzle. Keeping hundreds of wells flexible is another.
Imagine 200 proposed wells on your map. Regulations, hazards, and weekly changes will happen. Proposed pad locations need to be moved. It’s unavoidable.
Keeping the well within a specific lease and within a specific setback is critical.
We’re used to doing manual visual checks on maps. It gets tedious when you have tens or hundreds of wells to manage. It’s 4:30 pm and you’ve been on a frac job for most of the day. That’s when human error occurs.
That’s where Lease Planner comes in to ease the pain.
Enter Lease Planner
We’ve talked about GeoGraphix Field Planner.
It’s great for laying out drilling field planning scenarios with an option to finalize them.
Lease Planner comes with Field Planner and helps you manage tracts, hazards, and to make sure your existing wells don’t end up where they shouldn’t.
Lease Planner uses shapefiles. Select the shapes and added them to your existing tracts. It’s that simple.
Need to use your custom hazard shapes? Lease Planner handles that as well.
It’s also possible to modify and remove tracts while field development is still in progress.
They will differ state to state. Setbacks are certain distances you have to maintain from your lease boundaries.
We take advantage of that in Lease Planner and give an option to define setbacks for any sides of your tracts.
Let’s switch back to our satellite view in GeoAtlas. You’ll see that the no-go zones are colored in yellow. We don’t want to drill there.
Do you see a problem?
The field planned wells are intersecting tracts we don’t own.
I could manually move these bottom hole locations approximately to the borderline. If I have tens or hundreds of wells, that becomes tedious.
We need something to do the work for us.
That’s Lease Planner.
Lease planner will automatically cut wells to boundary lines you specify. Even if you move a well, Lease Planner will make sure that the well stays on the right tract.
Keeping Tracts in Order
Lease Planner helps you keep your sanity in an ever-changing life cycle of field development.
Setup your tracts and let Lease Planner make sure your wells don’t cross over to your neighbor’s property.