Technology is the cornerstone of JHP’s business strategy. It underpins the search for oil and natural gas and it stimulates innovation. With technology, JHP makes more efficient use of its resources, finds new reserves, control costs, safeguards the environment, improves safety, controls operations, pinpoints subsurface structures, improves productivity and enhances overall partnership value.
JHP activity is focused on improving the quality and reducing the cost of operations. Much of the company’s work is accomplished in partnership with outside organizations. One kind of partnership, with major industry players, allows JHP to improve its position within the industry. Another kind of partnership, with software development companies, enables the company to utilize the latest in technology in pinpointing future activities.
JHP drives technology forward throughout its business units, covering the spectrum of internal and external resources. Some impressive results have already been achieved, including increases in production and exploration and a significant increase in return on investment.
Exploration, drilling and production of oil and natural gas involve a precise evaluation of a variety of information. Advanced technology is JHP’s precision instrument.
Well logs provide detailed information at specific locations, usually in an area less than one meter surrounding a wellbore. We use our knowledge of formation signatures to recognize depositional environments and project this information between wells.
Seismic reflection methods can be used to create images of the geologic changes between wells. These images help complete the picture of the subsurface, which enhances the ability of our Geo-Team to successfully select future well locations. Seismic imaging is an effective tool because it provides meaningful and helpful images to reach the desired objectives. Seismic imaging provides a cost-efficient alternative to additional drilling.
Seismic imaging has become a common exploration and production tool. We deligently work to access and interpret all available 2-D, 3-D and 4-D seismic available. The operation of 3-D seismic imaging is considerably more elaborate than 2-D methods and the daily cost of crew is substantially increased; however, the rewards of 3-D imaging include fewer dry holes, more optimized well locations, better evaluations of mineral rights and a more complete understanding of the nature of prospects.
JHP’s Geo-Team applies technology in many different ways. From seismic interpretation and geological modeling to pre and post-processing reservoir simulation, a single, high-powered application brings all available data into one manageable project.
Seismic interpretation, depth conversion, 3-D visualization, structural modeling, petrophysical modeling, stochastic petrophysical and facies modeling, volumetrics, 3-D well design, up-scaling and data transfer are all accomplished and combined through the Geo-Team’s use of this powerful software. Basically, JHP uses one powerful tool to perform many difficult tasks, which, in turn, makes otherwise time-consuming and costly data and model updating quick and less expensive.
Through the efficient application of advanced technologies, emphasizing the use of seismic imaging, integrated software systems and data management solutions, JHP is able to meet one of its fundamental goals: to significantly reduce drilling risks and finding costs, thus creating wealth for JHP partners and JHP employees.
JHP is currently examining and acquiring 3-D seismic data covering parts of the United States. Through this activity, JHP has developed an expertise in the selection of geologic trends that are suitable for 3-D seismic exploration. JHP uses the experience it gains within a trend to enhance the quality of subsequent projects in the same trend or within other analogous trends, contributing to lower exploration and development costs, compressed project cycle times and increased rates of return.
JHP is experienced exploring with 2-D and 3-D seismic imaging in a wide range of reservoir types and geologic trapping styles, both stratigraphic and structural, including reefs, salt domes, channel sands, complex faulted and fractured reservoirs and pinchout plays. JHP seeks to supplement its knowledge base with the best local geological expertise available for a particular geologic trend. In addition, JHP typically acquires digital databases for integration with its geophysical workstations, including digital land grids, well information, log curves, geological studies, geologic top databases and existing 2-D and 3-D seismic data. JHP uses this integrated knowledge to create maps of producing and potentially productive wells, enabling the company to precisely evaluate recoverable reserves and the economic feasibility of projects and drilling locations.
JHP acquires most of its raw seismic data using seismic acquisition vendors on either a proprietary basis or through alliances affording the alliance members the exclusive right to interpret and use the data for extended periods of time. In addition, JHP participates in nonproprietary group shoots of 3-D data when it believes the expected full cycle project economics are justified. In its proprietary acquisitions and alliances, JHP selects the sites of projects, primarily guided by its knowledge and experience in the core provinces it explores, establishes and monitors the seismic parameters of each project for which data is shot and typically selects the contractors and equipment that will be used. Data is generally priced on the basis of square miles shot.
JHP’s operations staff includes many individuals with decades of reservoir and operations engineering experience, most of which was gained in the company’s primary areas of activity. The engineering teams works closely with our explorers and are integrally involved in all phases of the exploration process, including the preparation of pre and post-drilling reserve estimates, analysis of full-cycle risked drilling economics, well design and production management. Our in-house operations team and third-party contract personnel conduct JHP field operations for its oil and gas properties. In an effort to retain better control of its project timing, operational costs and production volumes, JHP oversees every phase of each project throughout the project’s entire life cycle. This further ensures operational success for JHP and its financial partners.