Type-well Curves are a foundation for reserves evaluations, development planning, production performance comparisons, and completion optimization analysis. The dangers of not understanding the complexities of Type-well Curves, and failing to communicate how they were developed, can result in flawed development decisions, unattainable production forecasts, reserve write-downs and negative market reaction.
In this course you will learn the fundamentals of type-well curve development, terminology, approaches, challenges and cautions. Throughout the course statistical tools and techniques are included that will build understanding and more effectively communicate uncertainty to your team. The course also reviews advanced techniques including auto-forecasting and type-well curves suited for machine learning forecasting applications.
Content duration: (2:40:53)