... Abstract Reserves estimation is crucial to the petroleum business as it involves all financial aspects of the petroleum companies. Among reserves classification, proved reserves always capture the most attention because most value is attached to it. By the SPE definition, proved reserves must...

... (7) V Ω 2 = ∑ V j 2 Abstract This paper presents a field scale reservoir evaluation and uncertainty analysis of hydrocarbon reserves estimation for the Upper Morrow B reservoir of the Farnsworth Unit (FWU), Ochiltree County, Texas. The degree of uncertainty...

... Abstract The term "reliable technology" as related to oil and gas reserves estimation is a recent development in reserves classification. This term was introduced in the updated regulations published by the US Securities and Exchange Commission (SEC) in late 2008. This paper will describe how...

... Abstract Since a prior paper on analogy for estimating petroleum reserves ( Hodgin and Harrell 2006 ), new dimensions of this topic have emerged. This paper provides updated guidance for analogy use and explains new concepts for the application of analogy in reserves estimation...

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... Why would anyone suggest that those of us who practice the profession of petroleum reserves estimation and evaluation should consider developing a program leading to the certification of petroleum reserves evaluators? There is no simple, complete answer to this question other than to provide...

... are producing or sanctioned for development. Abstract Review of field reserves from different parts of the world reveals that reliability of reserves estimates is rather poor. Many fields show wide fluctuations in reserves estimates through time, both at pre- and post-production stage, with a tendency...

... the usually available production information with the power of stochastic methods through the use of decline curve analysis: PREP (Probabilistic Reserves Estimation Package). The computational tool developed uses a Monte Carlo-type technique under an efficient optimization algorithm to calculate the DCA...

... Abstract The recent publication for discussion of the SPE/WPC draft reserve definitions 1 has highlighted the difficulty in attempting to relate deterministically-derived reserve estimates with those based on a probabilistic methodology. Although the debate over the benefits/disadvantages...