..., is strongly affected by the presence of wells with noisy production history. Forecasting individual wells on the other hand is time consuming, and inaccurate for wells with limited production history. In this work, we propose model-based type wells for forecasting production for individual wells, using...

... Abstract The decision to downspace wells can lead to significantly higher return on a given land acquisition, or catastrophic losses if increased drilling and completion costs cannot be recouped by each individual well. As operators push the boundaries of interwell spacing, the negative impacts...

..., estimates for individual wells contributing to the ensemble, estimates of P90, P50, and P10 EURs and estimates of production and completion efficiency. When quantile regression is used, EUR estimation is much faster. This allows engineers and geoscientists more time to understand the results...

... be used to vastly speed the EUR estimation process and allow engineers to spend time on understanding the implications of the results rather than focus on the work normally required to generate EURs by hand. The statistical approach provides much more than just EURs for individual wells, including...

... forecasts from an individual well, a new approach is proposed. A detailed procedure to identify and remove outliers from production data is implemented in the workflow. We analyzed production data from Barnett shale reservoir and incorporated our findings in our proposed method to create type wells...