Statistically Enhanced Decline Analysis (SEDA)
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 show the findings of our research and demonstrate how evaluators can overcome these deficiencies and improve the accuracy of their reserves reporting through a new method of statistically enhanced decline analysis (SEDA).
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