How we got involved in 3D Seismic
Here is what set us apart many years ago…
Over the years the oil industry improved the tools used in reflection seismic recording and as computer power increased, allowing manipulation of massive amounts of data, the method of recording 3Dimensional seismic surveying became more practical. 3D seismic data collects information from a large cube of data; miles on every side and miles deep into the earth. The data points in this cube are only feet apart in the subsurface, allowing geophysicists to map small structures and faults with precision.
2D Seismic Rendering from a 3D Cube of Data
A Stroke of “Luck”
Now step back to 1971. A previous partner of Ranken Energy Corporation using traditional two-dimensional seismic data identified a possible Basal Oil Creek Sand structural prospect to be drilled in southern Oklahoma. They named the well the Lema #1-21 and drilled a well that had oil shows in the Basal Oil Creek Sandstone but the well was deemed non-commercial and it was plugged.
Some years later this same company shot a proprietary 3D survey in and around the Lema #1-21 well. In 2004 Ranken proposed a well only 700 feet to the east of the Lema well and made a discovery well that produced over 150,000 barrels of oil prior to Ranken selling the well. This location was picked utilizing the 3D seismic data previously referred to.
The quality of the seismic data being used is excellent and though we are twenty years past the time when it was originally recorded, we were able to precisely identify the structure and drill the well with confidence.
The Impact of Technology
This success launched Ranken Energy on an aggressive program of drilling utilizing proprietary 3D seismic data. Ranken Energy has drilled over 170 wells in Garvin and McClain Counties in Oklahoma using this data and Ranken subsequently distributed over 227 million dollars to our working interest partners in the last 17 years!
- Wells Drilled Since 1986 (375 wells) 100%
- Wells Drilled since implenting 3D seismic in 2001 (193 wells) 51%
- Total prospects assembled using 3D seismic (109 Prospects) 56%
- Successful 3D seismic prospects (70 Prospects) 64%
So Whats Next?
Recently Ranken Energy acquired, on a proprietary basis, 324 square miles of new, modern, high effort 3D seismic data in a fairway extending north to south in south-central Oklahoma in which we have initially identified 143 structural prospects.
Only 15% have been drilled!
Modern 3D Seismic Coverage in Square Miles
Structural Prospects Identified
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Our 3D Seismic Operation
Here are some photos of our most recent 3D seismic operations.
To the left is a picture of the recording truck. All the data from all the geophones flows into this vehicle cab. The entire data collection operation is managed from here. The operations manager is in communication with every man on the crew via radio.
Have questions or comments? We want to hear from you.
Want to learn more about 3D seismic?
Check out these additional resources and videos.
This is great video illustrating the 3D seismic operational process.
Luke Patrick Illustrations
Here is a 3D seismic vibroseis truck in action!
An explanation of 3D seismic in oil and gas exploration.
Ranken Energy Corporation offers direct oil and gas investment opportunities that enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. Investing in oil and gas is highly speculative and could result in substantial losses. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.