Estimating Reserves & Production Analysis of Low-Permeability Reservoirs

Instructor: Prof. John Lee

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