ESTIMATING DECLINE CURVES WITH CONFIDENCE

Wayne A. Beninger, Robert H. Caldwell Scotia Group Inc. Dallas The concept of probabilistic reserve estimation is simply a measure of confidence that can be applied to both production performance and volumetric estimation. The Society of Petroleum Engineers likely will discuss the concept during its annual meeting this week in Dallas. Extrapolation of production history has long been considered the most accurate and defendable method of estimating remaining recoverable reserves from a well and,

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