Applying calibration to improve uncertainty assessment

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn 5, Issue , 2013, Pages 4017-4029

  Fondren, Mark E ^a   McVay, Duane A ^a   Gonzalez, Raul A ^a  

^a TEXAS A AND M UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CALIBRATION; COST BENEFIT ANALYSIS; EARNINGS; FORECASTING; GAS INDUSTRY;

CALIBRATION INFORMATION; DATABASE APPLICATIONS; OIL AND GAS INDUSTRY; PROBABILISTIC ESTIMATES; PROBABILISTIC ESTIMATION; PROBABILISTIC FORECASTS; PROBABILISTIC PREDICTION; UNCERTAINTY ASSESSMENT;

UNCERTAINTY ANALYSIS;

EID: 84894110194     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/166422-ms     Document Type: Conference Paper

References (9)

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3. Brier, G.W. 1950. Verification of Forecasts Expressed in Terms of Probability. Monthly Weather Review 78 (1): 1-3.
4. Capen, E.C. 1976. The Difficulty of Assessing Uncertainty (Includes Associated Papers 6422 and 6423 and 6424 and 6425) . SPE Journal of Petroleum Technology (08). 5579.
5. Fondren, M. 2013. Applying Calibration to Improve Uncertainty Assessment Master of Science, Texas A&M, College Station, Texas.
6. Gong, X., Gonzalez, R.A., McVay, D. et al. 2011. Bayesian Probabilistic Decline Curve Analysis Quantifies Shale Gas Reserves Uncertainty. Paper presented at the Canadian Unconventional Resources Conference, Alberta, Canada. Society of Petroleum Engineers SPE-147588-MS.
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8. McVay, D.A. and Dossary, M. 2012. The Value of Assessing Uncertainty. Paper presented at the SPE Annual Technical Conference and Exhibition, San Antonio, Texas, USA. Society of Petroleum Engineers SPE-160189-MS.
9. Valdes, A. 2013. Uncertainty Quantification and Calibration of Well Construction Cost Estimates. Master of Science, Texas A&M, College Station, Texas.