Decline Curve Forecasting

 

The Forecast Parameters and Results box provides model parameters and forecast results. The Up and Down arrows on the right of each entry modify the input parameters by an incremental amount.  Note that the plot is updated in real-time.  Clicking LMB on the Up arrow increases the value and clicking the Down arrow decreases the value.

Values can be entered by holding the LMB down and highlighting“swiping”  the field.  A new value can be entered and the forecast model adjusted accordingly.

The Forecast Parameters and Results box may be moved to the graph area by going to the top of the box.  Hold down the LMB when the crosshairs are displayed and drag to the graph area.

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Qi

Initial Production Rate

(graphically positioned or entered value in Petra database)

Qt

Production rate at Time t

(graphically positioned or entered value in Petra database)

Qf

Economic Limit Rate

(user entered specified)

Di

Initial Decline rate, %/yr

(calculated after Manual or AutoFit)

b

Hyperbolic exponent

(calculated after Manual or AutoFit)

TA

Time to Abandonment, yrs.

(calculated after Manual or AutoFit)

CUM

Cumulative Production

(value in Petra database)

REM

Recoverable Reserves

(calculated after Manual or AutoFit)

EUR

Estimated Ultimate Recovery

(calculated after Manual or AutoFit)

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Model parameters

Qi, Qt, Qf, Di and b may be modified by either entering values or incrementally changed by clicking the  Up / Down arrows in each field.

Rotation about Qt

Rotation of the exponential fit can be accomplished by holding the LMB down on the box representing Qi and rotating the line.  Values in the forecast box will change accordingly.

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“Parallel” move of forecast line

A “parallel” move of the forecast line (Di constant) is accomplished by holding the LMB down on the box on the center of the forecast line.  Values in the forecast box will change accordingly.

 

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