Two Vital Secrets for Building Reliable Type Wells by Randy Freeborn
Type wells are rate-time production profiles commonly used to estimate the expected recovery and economic value of proposed drilling locations. We count on these type wells being correct when making financial decisions, but that reliance is often misdirected.
The talk will demonstrate two errors that result from averaging historical production data to create type wells. Using this knowledge, you can avoid the errors for your operated properties and protect yourself from faulty information released by competitors.
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