Practical application of a probabilistic approach to estimate reserves using production decline data

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn , Issue , 2005, Pages 2107-2118

  Cheng, Y ^a   Wang, Y ^a   McVay, D A ^a   Lee, W J ^a  

^a Texas A and M U   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

DECLINE CURVE ANALYSIS; ECONOMIC RISK ANALYSIS; PROBABILISTIC QUANTIFICATION; UNCERTAINTY QUANTIFICATIONS;

DATA REDUCTION; ECONOMIC AND SOCIAL EFFECTS; OIL WELLS; PARAMETER ESTIMATION; PROBABILISTIC LOGICS; RISK ASSESSMENT; STATISTICAL METHODS;

PETROLEUM RESERVOIR EVALUATION;

EID: 33644806998     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (13)

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3. Laherrere, J.H.: "Discussion of An Integrated Deterministic/Probabilistic Approach to Reserve Estimations," JPT (Dec. 1995) 1082.
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6. Jochen, V.A. and Spivey, J.P.: "Probabilistic Reserves Estimation Using Decline curve Analysis with the Bootstrap Method," SPE 36633 presented at the 1996 SPE Annual Technical Conference and Exhibition, Denver, 6-9 October.
7. Huffman, C.H. and Thompson, R.S.: "Probabilistic Ranges for Reserve Estimates from Decline Curve Analysis," SPE 28333 presented at the 1994 SPE Annual Technical Conference and Exhibition, New Orleans, 25-28 September.
8. Fetkovich, M.J., Fetkovich, E.J. and Fetkovich, M.D.: "Useful Concepts for Decline-Curve Forecasting, Reserve Estimation and Analysis," SPERE (Feb. 1996) 13.
9. Efron, B. and Tibshirani, R.J.: An Introduction to the Bootstrap, Chapman & Hall, NY, 1993.
10. Ho, C.C.: "A Bootstrap Strategy for Enhancing the Confidence Interval Estimation of Small Samples," Proceedings of the Survey Research Methods Section, ASA (1993) 872.
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12. Chen, Her-Yuan.: "Estimating Gas Decline-Exponent Before Decline-Curve Analysis," SPE 75693 presented at the 2002 SPE Gas Technology Symposium, Calgary, Alberta, Canada, 30 April-2 May.
13. Idrobo, E.A., Jimenez, E.A., and Bernal, M.C.: "A New Tool to Make Quick Estimates of Probabilistic Reserves from Production Trends," paper SPE 68597 presented at the 2001 SPE Hydrocarbon Economics and Evaluation Symposium, Dallas, Texas, 2-3 April.