Forecast New Wells to Within 9% of Actuals

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.