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Forecast New Wells to Within 9% of Actuals

Forecast New Wells to Within 9% of Actuals

Presented by Randy Freeborn, Principal Industry Advisor, Aucerna

The rate-time profile used to evaluate new unconventional wells is usually based on an average of similar wells, captured as a type well. In practice, the drilled wells seldom look like the type well. In hind casting studies, Aucerna’s engineers have tested Val Nav’s Analog Forecasting™ on wells that do not have enough history to decline. Wells drilled over a 12-month period were forecast for up to an additional three years. When compared to actual production, the difference in recovery was less than 9%. Attend the webinar to learn how this technique, unique to Val Nav, can not only improve the quality of your forecasts, but also free up your time.

What will you learn?

  • A better method to forecast wells with not enough data to decline.
  • Deliver forecasts within 9% or better of actual.
  • A new way to use your type wells.
About the presenter
Randy Freeborn

Randy Freeborn

Principal Industry Advisor, Aucerna

Available recordings

Each recording contains the same content aside from the Q&A session specific to each region.
North America & Europe
Tuesday, May 5, 2020. 8:30 AM MDT | 9:30 AM CDT
Asia-Pacific
Wednesday, May 6, 2020. 10:30 AM AEST

About this webinar

This is a Recording from
  • May 5th (North America & Europe)
  • May 6th (Asia-Pacific)
Presented by
Randy Freeborn - Principal Industry Advisor, Aucerna
duration

45 Minutes

description

Val Nav’s Analog Forecasting™ is a method to forecast unconventional or CSG wells that have not produced long enough to decline. Attend the webinar to learn how the method works and see examples proving it can forecast rates to within 9% or better.

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