1/1/2014

Case study: DCA

HOME WORK SERIES #1

Introduction
The decline curve may generally demonstrate one of three forms: exponential, essentially a straight line of constant slope; hyperbolic, a continuously flattening curve that can be described mathematically; and harmonic, a special case of the hyperbolic decline (Figure 1). The decline can be described in two ways: the nominal decline rate is the negative slope of the curve of the natural log of the production ratio (q) at time (t), or

The effective decline rate is more common in actual practice and has the form of a loss rate:

Decline rate is normally expressed as an annual rate for comparison among properties. For exponential or constantpercentage decline, the nominal rate is Hyperbolic decline may only become evident later in the life of a property and may require careful analysis to be discerned. In fact, most primary production occurs as hyperbolic decline but, in practice, constant rate decline is often used to approximate future production. In the late life of production, hyperbolic decline approaches asymptotic conditions and can very well be approximated by an exponential decline. For the early life:

This table summarized types of decline curve behavior:

CASE STUDY: DECLINE CURVE ANALYSIS

We have a gas well, the specifications of well are:
Well Name: Location: Lat: Operator Name: Land Type: Spud Date: Elevation GL: BADGER COM 10 # 001 K-10-25.0N-02W 1630 FSL 1550 FWL 36.40966892 MCELVAIN OIL AND GAS PROPERTIES INC Federal 8/28/2000 7351 API: 3003926400 Long: Rio Arriba Gas 6083 107.0411713

County: Well Type: Plug Date: Depth TVD:

We must analyze its data production through decline curve analysis, In order to forecast future production and reserve evaluation etc.

1- Decline Curve analysis of gas production data :

Qg vs cum days
2200

1700

1200 Qg 700 200 0 -300 500 1000 1500

4
2000 cum days 2500 3000 3500 4000

Qg vs Gp
2500

2000

1500 Qg 1000 500 0 0 500 1000 1500 2000 Gp 2500 3000 3500 4000

We use trail & error technic to find b value for this decline, then select lowest error value, that must be most accurate b value

0.1

0.2

0.3

0.4

0.5

0.6

0.7

R^2 5121759 5133028 5143267 5152402 5160381 5167171 5172740 5177060 518

The min error is 5121759, So b=0

The decline type of Gas data is

exponential

decline

2- Decline Curve analysis of oil production data :

qo vs cum days
35 30 25 20 qo 15 10 5 0 0 500 1000 1500 2000 CUM DAYS 2500 3000 3500 4000

qo vs Np
35 30 25 20 qo 15 10 5 0 0 1000 2000 Np 3000 4000 5000

We use trail & error technic to find b value for this decline, then select lowest error value, that must be most accurate b value

b R^2

0 1422

0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1422 1421 1419 1414 1405 1393 1373 1343 1292 1188

The min error is 1188, So b=1

The decline type of Oil data is

Harmonic

decline
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