Feb. 7, 2018


Description

 

The objective of this new approach is to provide a scoping tool for better economic completion design optimizations in unconventional reservoirs. The method utilizes extensive data mining of actual completion and production data and combines these data with the actual physics of hydraulic fracture growth and reservoir flow dynamics.

Current statistical multi-variate models (MVA) use either multiple linear regression or neural network type models to find correlations between relevant completion/reservoir parameters and production. While these models have shown merit, they may have poor predictive capabilities, especially beyond the range of existing data. The new hybrid approach uses physics-based variable transformations in the MVA to provide more realistic predictions of how completion parameters affect production.

The MVA model is then used in an economic optimization routine to minimize Cost$/BO to help find an optimized completion design.


Featured Speakers

Speaker: Dr. Michael Mayerhofer
Speaker Dr. Michael Mayerhofer
Michael Mayerhofer is the Director of Technology at Liberty Oilfield Services in Denver. He leads a team of engineers providing advanced hydraulic fracture engineering solutions with special emphasis on unconventional shale and tight oil and gas plays. Previously he was the Director of the Fracturing Center of Excellence at Pinnacle …

Michael Mayerhofer is the Director of Technology at Liberty Oilfield Services in Denver. He leads a team of engineers providing advanced hydraulic fracture engineering solutions with special emphasis on unconventional shale and tight oil and gas plays. Previously he was the Director of the Fracturing Center of Excellence at Pinnacle a Halliburton Service in Houston and worked for Union Pacific Resources in Ft. Worth. He has a Doctorate in Petroleum Engineering from Mining University Leoben in Austria. He was the recipient of the 2009 Completions Optimization and Technology Award for the SPE Gulf Coast North America Region.

Full Description



Organizer

Reza Safari

Dear Sir/Madam,  I am writing to invite you to the SPE GCS Completion and Production monthly meeting at Norris Conference Center. Please join us on Wednesday, February 7th, 11:30 AM to 1 PM. The study group will host Dr. Mayerhofer. He will talk about "A New Hybrid Physics-Based Multi-Variate Statistical Approach to Optimize Completions in Unconventional …

Dear Sir/Madam,


 I am writing to invite you to the SPE GCS Completion and Production monthly meeting at Norris Conference Center. Please join us on Wednesday, February 7th, 11:30 AM to 1 PM. The study group will host Dr. Mayerhofer. He will talk about "A New Hybrid Physics-Based Multi-Variate Statistical Approach to Optimize Completions in Unconventional Reservoirs".


Thanks for your attention and hope to see you on Wednesday, February 7th.



Yours Sincerely,
Reza Safari, reza.safari@weatherford.com


SPE GCS Completion and Production Study Group Team

Full Description

Date and Time

Wed, Feb. 7, 2018

11:30 a.m. - 1:30 p.m.
(GMT-0600) US/Central

Event has ended

Location

Norris Conference Center – Westchase

9990 Richmond Ave., South Bldg., Ste. 102
Houston, Texas 77042
United States