Download or read book Oil and Gas Forecasting written by Lawrence J. Drew and published by . This book was released on 1990 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the difficulties encountered in integrating geoscience, economics, and statistics, while stressing the value of critically examining raw data before formulating theories or building models.
Download or read book Forecasting of Oil and Natural Gas Production in Louisiana written by Joseph Ikemefuna Onochie and published by . This book was released on 1983 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Assessment of Assumptions Used in Forecasting United States Petroleum Availability written by Barbara J. McKellar and published by . This book was released on 1980 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Probabilistic Oil and Gas Production Forecasting Using Machine Learning written by Robert Andrais and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis improves oil- and gas-well profitability by quantifying the uncertainty of the production-forecasting process, using probabilistic machine learning (ML) techniques. A Bayesian Neural Network successfully modelled a complex shale gas reservoir system (Eagle Ford), generating a production forecast with 5% mean absolute percent error. This result is 10%-35% more accurate than traditional decline curve analysis. These forecasts also quantified the epistemic and aleatory uncertainties, providing plausible probabilistic P10 and P90 values. This range provides analysts with the capability of making informed strategic decisions that consider risk. Next, the model was applied to predict reserves (estimated ultimate recovery) and the underlying reservoir quality. These predictions were combined with unsupervised learning techniques (Gaussian Mixture Modelling), creating gas and oil sweet-spot maps. Finally, this workflow's robustness was demonstrated by artificially reducing data by 93%; indeed, the algorithm could reproduce the full-dataset results with a 71%-91% Pearson correlation, despite this reduction. Supporting this workflow creation is an evaluation of relevant research, data processing, feature engineering, documentation of the probabilistic ML structure, and discussion of model performance using systems analysis.
Download or read book Recent Developments Affecting Reserve Estimates and Production Forecasting written by and published by . This book was released on 1996 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production Forecasting in Shale Volatile Oil Reservoirs written by Ibukun Makinde and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis gives us a better understanding of the behavior of shale volatile oil reservoirs. The effects of fluid compositions as well as the sensitivity of certain variables on cumulative oil production and rates were analyzed using black-oil and compositional simulations. Two-phase (oil and gas) black-oil simulations gave better results than single-phase (oil) black-oil simulations. Compositional simulations were much better in comparison to two-phase black-oil simulations. Therefore, for thorough analysis of fluid composition effects and more accurate production forecasts (especially for reservoir fluids like volatile oils in shale formations), compositional simulations are necessary. In this research, single-phase and two-phase black-oil simulations were run on a base case model and the results were compared. Sensitivity studies were carried out by varying certain parameters in the base case model, then single-phase and two-phase black-oil simulations were run and the results were compared to the base case model. This was followed by analyzing six different fluid samples through compositional simulations. Flash calculations were later done on the fluid samples to obtain inputs for two-phase black-oil simulations. Finally, the simulation results from the compositional and two-phase black-oil simulations were then compared. The importance of shale oil and gas research cannot be over-emphasized, given the ever-rising global demand for energy. Research and studies like this, can lead to better well completions and design, improve reservoir management and economics as well as provide insight into potential alternative methods to enhance recovery from unconventional shale formations.
Download or read book A Review of Oil and Gas Drilling Activity Forecasting Techniques written by G. E. Angevine and published by Calgary, Alta. : Canadian Energy Research Institute. This book was released on 1984 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Guide to Energy Forecasting written by Graham Duxbury and published by Troubador Publishing Ltd. This book was released on 2017-09-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the purposes, methodologies, modelling techniques and weaknesses in energy forecasting. It provides a rare appraisal of what is generally known as the ‘end use sector’ approach to global demand forecasting. It exposes the fallibilities that are hidden in the seductive power point presentations of forecasters and the false sense of accuracy bestowed upon them. It nevertheless stresses that forecasting remains crucial and of value to the industry. By raising awareness of the forecasting risks and the often ‘smoke and mirrors’ nature of the exercise as well as offering commentary on how the process and use of forecasts could be improved, although not necessarily the accuracy, this book is must-read for those in government, corporate planning and financing sectors of the energy industry who rely on forecasts to make policy, investment and trading decisions.
Download or read book Forecasting in Oil and Gas Markets written by Thomas R. Wilson and published by . This book was released on 1990 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecasting Gas and Oil Potential of Subsoil Plots via Co analysis of Satellite Geological Geophysical and Geochemical Information by Means of Subjective Logic written by MYKHAILO O. POPOV and published by Infinite Study. This book was released on with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the paper is to substantiate a new approach to forecasting hydrocarbon potential of subsoil plots via co-analysis of satellite, geo-geophysical and geochemical information by means of subjective logic. Basic concepts of subjective logic are given, the method of forecasting the oil and gas potential of a subsoil plots is described. The method is tested by applying it to real area with hydrocarbon deposits.
Download or read book Strategies for Optimizing Petroleum Exploration written by Lev Knoring and published by Elsevier. This book was released on 1999-05-14 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a valuable guide to appraise and develop petroleum resources. Geology largely determines exploration policy. This book analyzes the strategic connection between the two and shows how to improve decision making on appraising and developing petroleum resources. It examines and describes the internal patterns in finding oil and gas deposits and outlines a process to evaluate the resources. The book also provides a means for long-term reserve accrual forecasting and evaluation. It uses mathematical modeling as a method to evaluate the initial potential of an oil and gas region as well as a way to forecast future reserves. These models improve the reliability and validity of exploration forecasts and estimates. Strategies for Optimizing Petroleum Exploration helps petroleum engineers and explorationists focus and improve their reserve assessment and decision making. This book shows how to develop and appraise petroleum resources.
Download or read book Oil gas Supply Modeling Considerations in Long range Forecasting Use of LEAP written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil- and gas-supply modeling may not only generate forecasts on a stand-alone basis, but may provide input data and assumptions to large-scale, long-range integrated energy economy models. In such a framework, parameters that may not have seemed especially crucial in the stand-alone formulation may be found to have an unexpectedly great influence on the results. Additionally, it may become necessary to incorporate considerations that are usually omitted from conventional oil- and gas-supply models; this paper discusses two such examples: the decline rate, or more generally the production profile, and the treatment of resource exhaustion. This investigation arose in connection with a project for the Energy Information Administration (EIA). One part of the project was to incorporate the assumptions and input data of EIA's Midterm Oil and Gas Modeling System (MOGSMS) into EIA's Long-Term Energy-Analysis Program (LEAP). Two important areas for oil- and gas-supply model development and data collection are representation of the decline rate or production schedule from reserves, and the treatment of resource depletion including the subeconomic resource base and enhanced recovery. Both aspects receive relatively little attention in oil- and gas-supply models, but play key roles when the assumptions of these models are integrated into a long-term model such as LEAP.
Download or read book Long range Oil and Gas Forecasting Methodologies written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance of long-range energy system analyses requires the capability to project conventional domestic oil and gas supplies in the long term. The objective of the Long-range Forecasting Methodology project is to formulate an approach to this problem which will be compatible with the principal tool employed by the Energy Information Administration of the Department of Energy for long-range energy system analyses, the Long-term Energy Analysis Package (LEAP). This paper reports on projection methodologies that have appeared in the literature, evaluates them in terms of their applicability to the LEAP framework, and discusses the principal determinants of conventional domestic oil and gas supply in the long run.
Download or read book Machine Learning and Data Science in the Oil and Gas Industry written by Patrick Bangert and published by Gulf Professional Publishing. This book was released on 2021-03-04 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value. Chart an overview of the techniques and tools of machine learning including all the non-technological aspects necessary to be successful Gain practical understanding of machine learning used in oil and gas operations through contributed case studies Learn change management skills that will help gain confidence in pursuing the technology Understand the workflow of a full-scale project and where machine learning benefits (and where it does not)
Download or read book Short term Forecasting of Crude Petroleum and Natural Gas Production written by United States. Energy Information Administration. Division of Oil and Gas Analysis and published by . This book was released on 1978 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil and gas drilling forecasting in the lower forty eight states written by Philippe Bernard Gassin and published by . This book was released on 1987 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil gas Supply Modeling Considerations in Long range Forecasting written by E. A. Cherniavsky and published by . This book was released on 1980 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
