This paper describes the cash flow enhancement benefits of using automation software for gas production optimization. Efficiently monitoring well and facility operations, analyzing well performance, and accurately predicting problems with software optimization tools has resulted in significantly decreased failure rates and increased production per well.
The automation software allows producers to move from a reactive mode to a proactive mode. Wells become more stable, and analysts can spend more time fine tuning operations for maximum production rather than fixing emergencies. In short, the networked automation software system calls on computers and other devices to handle the manual and repetitive work of monitoring wells and facilities, as well as collecting and crunching numbers.
The optimization process goes beyond basic operations, but extends into production optimization involving well testing, facilities monitoring and alarming, production monitoring, and gas injection. The net effect is increased runtime and arrested decline curves, resulting in more reserves.