... with zero mean and constant variance, σ 2 , the standard-regression technique applied is ordinary least squares to estimate values for a ( a ^ ) and b ( b ^ ). This in turn provides an estimator for y called y ^ : production control production forecasting...

... investment and strategic decisions in the context of corporate-risk tolerance. 27 8 2016 24 11 2016 27 1 2017 1 8 2016 14 4 2017 Copyright 2017, Society of Petroleum Engineers production monitoring production control risk management asset and portfolio management...

... parameter forecast production control Bayesian Inference cumulative production proposal production history linear flow simulation posterior distribution production data histogram evaluator SPE economics The nature of tight gas/tight oil and unconventional shale-gas/oil reservoirs leads...

... NPV is defined in Eq. 1 : Copyright 2016, Society of Petroleum Engineers thermal method production control Artificial Intelligence constraint Reservoir Surveillance Upstream Oil & Gas calculation reservoir property project npv injection enhanced recovery steam-assisted gravity...

... assumption acreage tier 4 tier 5 SPE economics TCF acreage developable economics Fayetteville natural gas base case economic limit production control Energy Economics Reservoir Surveillance drilling operation undrilled acreage tier 6 Artificial Intelligence Upstream Oil & Gas Tier...

... multiphase flow high-rate flowback operation production control production logging Fluid Dynamics flowback operation machine learning Artificial Intelligence Upstream Oil & Gas flow rate production monitoring gilbert-type correlation operation field-regressed coefficient coefficient flow...

... 21 10 2012 13 10 2013 Copyright 2013, Society of Petroleum Engineers production control production forecasting forecasting production monitoring reservoir simulation Monte Carlo simulation forecasting model Exhibition Modeling & Simulation reserves evaluation allowance...

... Economics Artificial Intelligence Upstream Oil & Gas tier 1 ikonnikova Barnett completion production control asset and portfolio management natural-gas price undrilled acreage high-btu area production monitoring shale gas cumulative production Tier assumption economics WELL economics...

... 24 5 2011 1 9 2012 7 8 2012 1 11 2012 1 11 2012 production control Artificial Intelligence forward simulation valuation production monitoring cash flow risk-neutral probability decision support system Upstream Oil & Gas init backward recursion...

... Upstream Oil & Gas France july 2012 optimization objective database application monitoring architecture well-performance monitoring Artificial Intelligence wpm application well performance workflow production optimization affiliate information management modeling production control...

... 20 9 2011 14 11 2011 Copyright 2011, Society of Petroleum Engineers Reservoir Surveillance continuous allocation production monitoring drillstem/well testing real time system Drillstem Testing Engineering accuracy Fw Pu production control Upstream Oil & Gas inaccuracy...

... conventional oil recovery will be. It could peak soon, somewhere in the distant future, or somewhere in between. It would be wise to consider all of these possible outcomes in planning and making decisions regarding capital investment and formulation of energy policy. production monitoring production...

... rate estimation reserve estimate bootstrap method bootstrap realization percentile ci cis Upstream Oil & Gas production history production rate SPE economics DCA production monitoring reservoir surveillance production control original data Most would acknowledge that the most...