Breakfast Series: Unconvential Forecasts and Type Wells You Can Count On:
Session 1: Type Wells
Date: Thursday, October 13 2016
Speaker: Randy Freeborn P.Eng., Chief Research Engineer
Energy Navigator Inc.
Location: Calgary Petroleum Club
Time: 7:30 – 9:30 am
Cost: $45 SPE Members, $55 Non-members, $15 Students
Register for all 3 sessions in this series for $108!!
Type wells are rate-time production profiles that engineers use to represent the expected production rate and recovery from newly drilled wells and wells that are not yet drilled. While type wells could result from detailed engineering evaluation (RTA, simulation), it is more common to create a type well from the production history of representative wells.
Historically, type wells have proven to be unreliable, leading companies to make adverse investment decisions that are sometimes fatal. The lecture content will examine the pitfalls associated with various methods of creating type wells and offer suggestions that will improve reliability. The suggestions will include aggregation type wells, the most recent method reported in the literature.
Randy Freeborn is a Distinguished Lecturer of the SPE on the subject of type wells and a subject matter expert in empirical forecasting and related technology. Currently, he is Chief Research Engineer at Energy Navigator where he is responsible for identifying and inventing engineering technology for inclusion in the company’s reserve management software. He has been a professional engineer for 43 years and is a member of SPEE and SPE. Freeborn has prepared numerous technical papers for presentation at conferences, workshops and industry meetings. He has given guest lectures at the University of Houston and Texas A&M, and has been called as an expert witness.
The SPE would like to thank our sponsor for this Breakfast Series: Energy Navigator
Energy Navigator's capital and reserve asset management software is used by over 400 E&P companies, evaluation firms, and banks worldwide. Value Navigator® is the leading engineering forecast, economic evaluation, and reserves management system in Canada. AFE Navigator® is a secure, electronic AFE system that works on any web-enabled device to optimize your AFE approvals and help manage capital spending.
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