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Keywords: reserve estimate
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Proceedings Papers

Paper presented at the Technical Meeting / Petroleum Conference of The South Saskatchewan Section, October 18–21, 1997
Paper Number: PETSOC-97-159
... Abstract It is shown herein that current practice of petroleum reserve estimates can understate expected values. The uncertainty distribution for single-well production is lognormal. Current practice estimates the geometric mean value for reserves - which can be much less than the average...

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