Speaker: Damien Hutchins, VP, OGRE Systems, Inc. Location: Brookhaven College Geotechnology Institute (Map) Title: "Type Curves, Probabilistic Analysis and Resource Estimation"
Abstract:
Monte Carlo Simulation is one of many tools used for performing production forecast analysis. OGRE Systems Inc. explores various scenarios where the Monte Carlo Simulation can be used or misused. They will focus on using the probabilistic method to help determine the range of NPV and EUR outcomes where there is uncertainty in some of the data inputs. Results will be compared against Wyoming historical production data.
Biography:
Damien Hutchins brings over a decade of software marketing and design experience to his role as Director at OGRE Systems Inc. In this role he is responsible for developing new business relationships, guiding the development direction of OGRE Systems' product line and offering feedback from users to the OGRE Development team.