In deepwater reservoir modeling, the proportions of various facies being modeled have a significant impact on the distribution of reservoir properties, total reserve, reservoir connectivity, and hence recoverable reserve. Generally, facies modeling can be achieved by deterministic or stochastic approaches, or a combination of both. When seismic data have sufficient quality or resolution, the data may serve as certain reservoir property indicators, and the approach for facies modeling can be more deterministic. When seismic data are not available or do not have sufficient resolution, a stochastic approach is usually needed. In either case, the uncertainties in facies distribution must be fully assessed. This paper presents a case study and workflow in which different sand-shale proportions (more optimistic, basic, and less optimistic) are considered in facies modeling, in order to investigate the range of deepwater turbidite facies distribution and its effect on reservoir property variations. The facies models are constructed by different methods, including deterministic, stochastic, and a combination of both. Comparison of the deterministic and stochastic models provides certain insight into the distribution of depositional facies. Further, in each facies scenario, the range of reservoir property distribution is assessed. In addition, for different reservoir zones, the ranges of oil-water contacts are incorporated in the reservoir model. As a result, the entire spectrum of in-place hydrocarbon volumes is captured, and various stacking patterns as well as connectivity issues can be conditioned in the simulation model, leading to a more robust understanding on the resource to be developed.