TBA
Instructor: Prof. John Lee
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Course Objective:
This three-day course will cover SEC reserves reporting regulations, with an emphasis on low-permeability oil and gas wells, and methods of estimating oil and gas reserves for these reservoirs.
Day 1 – SEC Regulations
• Modernized SEC reserves reporting rules
• Guidance on SEC rules
• Five-year rule
• Reliable technology requirement
Day 2 – Production decline analysis
• Fluid flow fundamentals
• Arps decline model
Day 3 – Production decline analysis
• Fetkovich type curve
• Linear flow model
• Stretched exponential decline model
• Power-law model
• Duong model
• Comparison and critique of production decline models