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Record W1981585262 · doi:10.2118/169821-ms

Well Completions and Profitability: A Horn River Shale Case Study

2014· article· en· W1981585262 on OpenAlexaff
Catriona Ross, David M. Anderson, C. Stephens, Claudio Virués

Bibliographic record

VenueSPE Hydrocarbon Economics and Evaluation Symposium · 2014
Typearticle
Languageen
FieldEngineering
TopicHydraulic Fracturing and Reservoir Analysis
Canadian institutionsNexen (Canada)
Fundersnot available
KeywordsProfitability indexWorkflowNet present valueCash flowDiscounted cash flowProduction (economics)Computer scienceProductivityProbabilistic logicOil shaleMonte Carlo methodOperations researchPetroleum engineeringEngineeringBusinessFinanceEconomicsStatisticsMathematics

Abstract

fetched live from OpenAlex

Abstract The profitability of a well in an unconventional play is significantly influenced by its completion. It is widely understood that tighter rock needs more stimulation to economically recover hydrocarbons. However, how does one know if a well is being over-stimulated (fracture area created does not justify cost incurred) or under-stimulated (lost potential/profitability in productivity from a well's limited contact to the formation)? The objective of this paper is to develop and demonstrate an efficient workflow that will help stakeholders make better decisions in the area of completion planning. The workflow utilizes information from fracture modeling, production data analysis, and project economics to quantify the relationship between the key input parameters of the well completion (e.g. pumping rate, proppant and fluid pumped) and expected profitability expressed in net present value (NPV) terms. As a secondary objective, the case study demonstrates that a probabilistic approach (Monte Carlo Simulation) can be used to efficiently arrive at a consistent conclusion to the primary workflow. The output of the probabilistic model includes P90/P50/P10 production and net cash-flow forecasts, from which distributions of NPV can be obtained. This workflow is intended to help engineers compare profitability among different completion options. A shale gas field example is presented to illustrate the methodology.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.027
Threshold uncertainty score0.642

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.237
Teacher spread0.222 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2014
Admission routes1
Has abstractyes

Explore more

Same venueSPE Hydrocarbon Economics and Evaluation SymposiumSame topicHydraulic Fracturing and Reservoir AnalysisFrench-language works237,207