Decline Curve Analysis of Shale Oil Production Using a Constrained Monte Carlo Technique
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Keywords

Bakken, Eagle Ford, Shale oil, decline curve analysis.

How to Cite

Fanchi, J. R. (2020). Decline Curve Analysis of Shale Oil Production Using a Constrained Monte Carlo Technique. Journal of Basic & Applied Sciences, 16, 61–67. https://doi.org/10.29169/1927-5129.2020.16.08 

Abstract

Shale oil production from the Bakken shale and the Eagle Ford shale was analyzed using decline curve analysis and a constrained Monte Carlo technique. The purpose of the paper is to provide a set of parameters that can be used to initialize a Monte Carlo analysis of shale oil production using a selection of decline curves. The parametersare obtained by matching shale oil production for a set of wells in the Eagle Ford shale and the Bakken shale.

https://doi.org/10.29169/1927-5129.2020.16.08 
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