Breakfast Series: Unconventional Forecasts and Type Wells (Part 1 of 3) - Type Wells
Type wells are rate-time production profiles that engineers use to represent the expected production rate and recovery from newly drilled wells and wells that are not yet drilled. While type wells could result from detailed engineering evaluation (RTA, simulation), it is more common to create a type well from the production history of representative wells.
Historically, type wells have proven to be unreliable, leading companies to make adverse investment decisions that are sometimes fatal. The lecture content will examine the pitfalls associated with various methods of creating type wells and offer suggestions that will improve reliability. The suggestions will include aggregation type wells, the most recent method reported in the literature.
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