Better Evaluations in Less Time
3esi-Enersight Webinar Series: Better Evaluations in Less Time
An Inside look at Val Nav, the Industry’s Most Powerful Reserves and Evaluation Software
Each year, companies use averaged well production (type wells) to support billion-dollar expenditures to buy and develop oil and gas resources. These type wells often have unrepresentative rate-time profiles and recoveries over-stated by as much as 50%. These intolerable errors result from common, but incorrect, assumptions in constructing type well production profiles, and the selection and weighting of analog wells.
Adding to this complexity, the demand on evaluation engineers is growing for faster and more accurate forecasts to stay ahead of the game.
In the latest 3esi-Enersight webinar, SPE Distinguished Lecturer Randy Freeborn will discuss how enlightened engineers are running more powerful and more accurate evaluations….in less time. In doing so, he will show his techniques for building accurate and reliable type wells (and why the time slice method should be avoided), how to adjust forecasts in mere seconds, and more.
Attendees of this webinar will walk away with an understanding of how an integrated approach helps you unify your data and simplify engineering workflows for decline analysis, forecasting, economics, reserves management and opportunity analysis, with ground-breaking functionality such as automated reserves reconciliation, automated declines, limitless wells, and more.