Month: December 2015

Arps Type Curve in Spotfire in 20 minutes

Type curves are an important part of resource assessment of an oil and gas asset. In this workflow, well declines are aggregated to determine typical behavior of a well ensemble. These well ensembles usually reflect a reservoir or set of analog reservoirs that will help determine characteristic behavior. In this post, we will build a decline model for the group of wells that is called a type curve. The type curve will capture the production rate forecast for a single “average” well and so can be used to determine Estimated Ultimate Recover (EUR). Best yet, we’ll do it in 20 minutes. A little longer than GEICO, but you’ll save so much more money.

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You’ll conquer the present suspiciously fast if you smell of the future….and stink of the past.