Econ-Decline Curve/Eur Question-Oil and Gas Reliable Assignment Help

  

Question Description

                                                        EUR=Estimated Ultimate Recovery for this question

———————-

The following production data
is given. The well is assumed to exhibit exponential decline.

Month

Production (bbl)

Rate (bopd)

Cum (bbl)

Jan-2013

2,170

70

2,170

Feb-2013

2,240

80

4,410

Mar-2013

2,294

74

6,704

Apr-2013

1,800

60

8,504

May-2013

1,643

53

10,147

Jun-2013

1,620

54

11,767

a. 
Plot the decline curve for this data.

b. 
What is the nominal decline rate (1/year)?

c. 
If qel = 3 bopd, what are the reserves effective
7/1/13?

d. 
If qel = 3 bopd, what is the EUR for this well?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

  

Leave a Comment

Your email address will not be published.