QuestionQuestion

Transcribed TextTranscribed Text

Find a suitable Decline Curve model for the following 3 well production data (production begins 1 month before the first reported data) and project the production rate and total production till 1/1/2020 with monthly intervals and answer the questions: Well Date q STBD Np, STB 3/1/13 411 12,300 4/1/13 334 23,400 5/1/13 293 33,400 6/1/13 270 42,600 7/1/13 233 51,000 8/1/13 246 58,800 9/1/13 279 66,000 10/1/13 243 72,700 11/1/13 290 79,000 12/1/13 156 84,800 1/1/14 326 90,300 2/1/14 212 95,500 3/1/14 179 100,500 4/1/14 159 105,100 5/1/14 146 109,500 6/1/14 132 113,700 7/1/14 123 117,800 8/1/14 119 121,600 9/1/14 114 125,200 10/1/14 104 128,700 11/1/14 102 132,100 12/1/14 99.13 135,300 1/1/15 97.68 138,400 2/1/15 92.77 141,400 3/1/15 90.9 144,300 4/1/15 98.19 147,000 5/1/15 100 149,700 6/1/15 92.1 152,300 7/1/15 87.48 154,800 8/1/15 83.17 157,200 9/1/15 79.84 159,500 10/1/15 76.9 161,800 11/1/15 74.16 164,000 12/1/15 68.03 166,100 1/1/16 70.1 168,200 2/1/16 66.32 170,200 3/1/16 65.43 172,200 4/1/16 64 174,100 5/1/16 59.73 175,900 6/1/16 58.74 177,700 7/1/16 57.68 179,500 8/1/16 49.23 181,200 9/1/16 55.9 182,900 10/1/16 52.17 184,500 11/1/16 53.77 186,100 12/1/16 49 187,700 1/1/17 52.18 189,200 2/1/17 51.65 190,700 3/1/17 49.5 192,100 4/1/17 44.81 193,600 5/1/17 47.23 194,900 6/1/17 45.35 196,300 7/1/17 44.74 197,600 8/1/17 43.3 199,000 9/1/17 35.81 200,200 10/1/17 39.3 201,500 11/1/17 46 202,700 12/1/17 41.39 203,900 1/1/18 39.61 205,100 2/1/18 38 206,300 1) What is the effective decline rate during 2019 calendar year? 2)What is the total life of the well if qel=10 STBD? 3) What is the EUR? qel=10 STBD 4) What is the ERR at 1/1/2020? 5) What is the nominal decline rate at 1/1/2020? 6) How much oil is expected to be produced in 2019 calendar year? Well Date q STBD Np, STB 11/1/14 208 6,447 12/1/14 176 9,087 1/1/15 213 15,703 2/1/15 206 21,885 3/1/15 192 27,841 4/1/15 181 33,268 5/1/15 178 38,778 6/1/15 172 44,108 7/1/15 170 49,201 8/1/15 164 54,288 9/1/15 159 59,044 10/1/15 159 63,962 11/1/15 155 68,757 12/1/15 150 73,120 1/1/16 148 77,703 2/1/16 147 82,098 3/1/16 114 85,521 4/1/16 143 89,805 5/1/16 135 93,979 6/1/16 129 97,982 7/1/16 127 102,356 8/1/16 130 106,753 9/1/16 128 112,568 10/1/16 128 115,893 11/1/16 149 120,201 12/1/16 153 124,356 1/1/17 136 128,456 2/1/17 117 131,256 3/1/17 109 135,986 4/1/17 108 139,506 5/1/17 105 142,356 6/1/17 105 144,765 7/1/17 102 148,424 8/1/17 104 151,659 9/1/17 102 154,731 10/1/17 102 157,908 11/1/17 100 161,016 12/1/17 100 163,822 1/1/18 96.9 166,826 Well Date q STBD Np, STB 01/01/15 597 9,554 02/01/15 330 18,782 03/01/15 238 26,157 04/01/15 263 34,034 05/01/15 245 41,637 06/01/15 237 48,745 07/01/15 231 55,920 08/01/15 229 63,017 09/01/15 226 69,811 10/01/15 224 76,741 11/01/15 224 83,471 12/01/15 226 90,483 01/01/16 224 97,432 02/01/16 218 103,740 03/01/16 213 110,346 04/01/16 206 116,527 05/01/16 196 122,616 06/01/16 185 128,158 07/01/16 173 133,510 08/01/16 158 137,310 09/01/16 199 141,099 10/01/16 173 149,453 11/01/16 175 154,698 12/01/16 156 159,526 01/01/17 137 165,770 02/01/17 138 168,626 03/01/17 131 171,680 04/01/17 129 176,560 05/01/17 124 180,415 06/01/17 124 184,121 07/01/17 118 187,775 08/01/17 117 192,395 09/01/17 117 194,894 10/01/17 115 200,458 11/01/17 113 203,850 12/01/17 111 207,302 01/01/18 110 210,712 02/01/18 107 214,716 03/01/18 115 216,286

Solution PreviewSolution Preview

These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.

    By purchasing this solution you'll be able to access the following files:
    Solution.xlsx and Solution.docx.

    $60.00
    for this solution

    PayPal, G Pay, ApplePay, Amazon Pay, and all major credit cards accepted.

    Find A Tutor

    View available Petroleum Engineering Tutors

    Get College Homework Help.

    Are you sure you don't want to upload any files?

    Fast tutor response requires as much info as possible.

    Decision:
    Upload a file
    Continue without uploading

    SUBMIT YOUR HOMEWORK
    We couldn't find that subject.
    Please select the best match from the list below.

    We'll send you an email right away. If it's not in your inbox, check your spam folder.

    • 1
    • 2
    • 3
    Live Chats