METHODS FOR STATISTICAL PREDICTION OF WELL PRODUCTION AND RESERVES

    公开(公告)号:US20170114617A1

    公开(公告)日:2017-04-27

    申请号:US15311501

    申请日:2015-04-29

    Inventor: David FULFORD

    CPC classification number: E21B41/0092 E21B43/00 G06F17/18 G06G7/57

    Abstract: A method for optimizing a well production forecast includes a) inputting initial production rate measurements made at selected times, b) inputting probability distributions to estimate production forecast model parameters, c) generating an initial forecast of fluid production rates and total produced fluid volumes using a selected production forecast model, d) at a time after a last one of the selected times, comparing the initial forecast with actual production rate and total produced fluid volume measurements to generate an error measurement, e) adjusting parameters of the selected production forecast model to minimize the error measurement, thereby generating an adjusted production forecast model, f) repeating (d) and (e) for a plurality of iterations to generate a plurality of production forecast models each having a determined likelihood of an error measurement and displaying the plurality of production forecast models with respect to likelihood of error.

Patent Agency Ranking