Study evaluates horizontal well ultimate recovery

Twelve oil pools in western Canada provide an insight into the likely range of ultimate recovery from horizontal wells in pools where all the necessary data for detailed study are unavailable.Eleven of these pools contain both vertical and horizontal wells, and one pool has only horizontal wells. Every pool has a sufficient number of horizontal wells and up to 8 years of production to enable forecasting ultimate recovery from decline curves.Reserve forecastsEvaluators seldom have the time nor are clients prepared to pay for either full reservoir studies, simulations, or material balance studies when requested to update a company's annual reserves or look into a property acquisition.Ye...

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