Dec. 10, 2015


Description

Employing Statistically Enhanced Decline Analysis (SEDA) to Attain Accurate

Developed Proved and Possible Deterministic Reserves”

The preferred method of reserves evaluation for producing wells is deterministic. However, when deterministic methods are used, evaluators cannot reliably assign reserves that satisfy the prescribed certainty for each reserves category. In addition, they have no method to quantify the impact that aggregation will have on reserves certainty. This presentation will introduce Statistically Enhanced Decline Analysis (SEDA) - a new method for accurate, consistent reporting of deterministic reserves. To our knowledge, SEDA is the only method available to resolve the deficiencies of deterministic reserves estimates. It also adapts well to existing reserves evaluation software and improves accuracy and consistency at reduced cost. 


Featured Speakers

Speaker: Randy Freeborn
Speaker Randy Freeborn
Randy Freeborn is the Chief Research Engineer with Energy Navigator and a major contributor to Value Navigator software – the forecasting, economics and reserves system of choice for more than 300 North American E&P companies. Randy is a graduate from the University of Calgary (1973 BSc. Eng.), and holds membership ...

Randy Freeborn is the Chief Research Engineer with Energy Navigator and a major contributor to Value Navigator software – the forecasting, economics and reserves system of choice for more than 300 North American E&P companies. Randy is a graduate from the University of Calgary (1973 BSc. Eng.), and holds membership in APEGA, SPEE and SPE. He has practiced petroleum engineering for more than four decades, specializing in reservoir engineering, exploitation, and the evaluation of oil and gas properties. He is a recognized subject matter expert in decline curve analysis, the use and construction of accurate and more reliable type wells, and forecasting unconventional oil and gas. Randy is a frequent speaker at SPE workshops. He has also been a guest lecturer to graduate students at Texas A&M and the University of Houston.

Full Description



Organizer

Alexsandra Martinez

adinorah.martinez@gmail.com


 


Sponsored by:


Energy Navigator


Date and Time

Thu, Dec. 10, 2015

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

Sullivan's Steakhouse

4608 Westheimer Rd
Houston, Texas 77027
United States



Group(s): Reservoir