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Keywords: stochastic modeling
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Proceedings Papers
Paper presented at the SPE/AAPG/SEG Unconventional Resources Technology Conference, August 1–3, 2016
Paper Number: URTEC-2436590-MS
... Abstract Stochastic modeling provides a mechanism for incorporating risk and uncertainty considerations into portfolio production forecasts. Through this process, insight is gained into the likelihood of production targets being missed, met, or exceeded. This insight enables organizations...