Shale Ingenuity LLC
SuperEORTM Project Economics
Project economics are shown for an example Eagle Ford project having 16 wells operated under unoptimized SuperEORTM.
The SuperEORTM oil production forecast for the project is shown, left, with a 0.85 model risk factor applied. Peak oil production from the wells is 5400 BOPD. Incremental oil recovery is 510,824 BO per well.
In operation, injection and production from wells is staggered to even out injection and flowback rates.
SuperEORTM project assumptions and summary results are shown to the right.
Oil price was assumed to be $50/bbl, with a $5/bbl basis differential.
Project economics are unleveraged.
No Texas state or Federal EOR tax credits are included.
A 2.5% ORRI is reserved to Shale Ingenuity for the project patents license.
Injectant is recovered and recycled. A 1% per month injectant makeup is assumed, though simulation modeling indicates nearly zero injectant loss to the formation.
Sensitivities to key project economics inputs are shown to the left.
SuperEORTM project economics are most sensitive to injectant cost, EOR recovery factor and crude oil price.
At today's $50/bbl crude price, SuperEORTM is highly economic. Breakeven (20% IRR) crude price is $27/bbl.