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- W57481818 abstract "Traditional U.S. oil and natural gas reserve evaluations are based on tried and tested engineering principles, a wealth of local and general experience, and a set of reserve definitions that have evolved to become the industry standard. For the most part, these definitions work well. However, for some of the emerging technology plays (sometimes called statistical plays) where individual well performances are characterized by significant variability of recoveries, applying these definitions alone is insufficient. The problem is how best to evaluate tight sands, coalbed methane, Devonian shales, horizontal drilling in fractured reservoirs, and redevelopment of depleted fields. This paper presents a method for evaluating plays that involve a significant variability (uncertainty) component. This probability analysis is not new; indeed, has been formalized to a stage of definition of proven, probable, and possible reserve categories. Although this method has been applied in many parts of the world, use in U.S.-based reserve evaluations has been minimal. Case histories compared reserve evaluation methods in two hard-to-evaluate U.S. plays, the Austin Chalk horizontal drilling play and the San Juan basin coalbed-methane play. These case histories illustrate the benefit of coupling classic deterministic techniques with probability analysis to express uncertainty consistently and meaningfully." @default.
- W57481818 created "2016-06-24" @default.
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- W57481818 date "1991-08-01" @default.
- W57481818 modified "2023-09-24" @default.
- W57481818 title "How to evaluate hard-to-evaluate reserves" @default.
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