INTEGRATED DEVELOPMENT OPTIMIZATION PLATFORM FOR WELL SEQUENCING AND UNCONVENTIONAL RESERVOIR MANAGEMENT

• Main Authors: Nelson, Matthew E, McEwen, Jamie, Rayfield, Edythan M, Peng, Jing, Borden, Lauren A, Bang, Vishal
• Format: Patent
• Language: English
• Published: 02.11.2023
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

Implementations described and claimed herein provide systems and methods for an integrated development optimization platform for well sequencing and unconventional reservoir management. The platform integrates key elements of unconventional development planning, such as production forecast, lease obligations, surface facilities, and economics and provides analysis and data associated with past and future field development and production. In addition, development optimization platform includes the parent-child relationship as one of the determining factors of production performance, which can provide valuable insights into the frac-hit impact and infill performance. The defensive re-fracs may also be incorporated to provide a more holistic view on project investment and field development. The development optimization platform is not only an optimization platform for well sequence and development planning, but also a reservoir management tool.