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| Decline Curve Analysis |
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Decline curve analysis is a means of predicting future oil well or gas well production based on past production history. Production decline curve analysis is a traditional means of identifying well production problems and predicting well performance and life based on measured well production.
Arps’ efforts provided a variety of results; including the exponential, hyperbolic and harmonic rate decline relations that we use today for empirical decline curve analysis. Due to the simplicity and consistency of this empirical approach, the Arps’ yield excellent results for both the variable rate and variable relations remain a benchmark in the industry for the analysis and interpretation of production data.
We provide the following services -
> Ultimate reserves Np/Gp
> Probability distribution of EUR’s to show P10 P50 P90 values
> Type curves and models so you have a deliverability forecast for the EUR’s
> We can group wells based on following:
- vintage
- completion method
- reservoir quality
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