Forecast 40-year individual-well monthly production for all producing phases on all wells with a multi-pass, rule & regression-based workflow. Utilize the 3-parameter hyperbolic equation (Arp’s) with an exponential tail with numerous user-defined guides that can be area and formation-dependent. Includes gap, rework and outlier detection and handling. Forecasts are easily edited in a dynamic interactive editing window which also allows additional decline segments to be imposed.
Calculate numerous production-based Key Performance Indicators including IP90, IP365, production-based primary phase determination, recent secondary phase yields, etc.
When geologic data is available, calculate numerous reservoir-based Key Performance Indicators including landing zone %-tile, net pay, porosity, porosity-thickness, etc.
Use ML and SCADA to track well performance vs expectations, notifying operational staff when wells begin to experience production issues.
Calculates Hall and Hearn data to determinate the current state of the well (normal, wellbore plugging, and fracturing, pressure interference, fracture extension, water channeling). Can send notifications based upon changes in the well behavior.
Calculate PVT properties for oil, gas and water using Vasquez and Beggs, Levitan and Murtha and Beggs and Robinson methods. Outputs oil and gas correlations such as Oil Bubble Point Pressure, Formation Volume Factor Oil, Formation Volume Factor Gas and more.
Calculate the oil, gas and water production on perforation level from the production on well level using the kh-method.
Identify underperforming wells based on the comparison of production and monthly targets and production thresholds.
Estimate the liquid production rate of naturally flowing wells and ESP wells.
Calculates the instantaneous voidage replacement ratio (VRR) and the cumulative voidage replacement ratio for each layer. Tag entries are created if the VRR exceeds or falls below certain thresholds.
Detect water breakthrough based on water cut threshold violations.
