Plenary presentation February, 2015

Optimization

•Data-driven

–Analogies from other plays

–Offset operator comparisons

–Field trials

–Analytics

•Modeling

–Physics-based and predictive

–Need input data and calibration

•Data Acquisition Pilots or Field Experiments

–Data-intensive, significant interpretation required

–Limited number, extrapolation using calibrated models

Optimization: The Way Forward

•Primarily data-driven optimization

–Field trials essential

–Large well counts likely required for reliability

•Modeling will provide significant insights

–Captures some of the important physics

–Results can depend on models and modeling approaches

–Requires calibration

•Pilots still important

–Requires extensive data, interpretation and modeling

–Can be time consuming, non-unique and complex

–Provides important data to calibrate models

•Integration will be the key to success

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