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Problem Set 3 PDF

This document provides the production history for two gas wells, Wells A and B, from 1997 to 2001. It asks to analyze the data using an exponential decline curve to determine: 1) the nominal decline rate for each well, 2) the remaining recoverable reserves, ultimate recovery, and economic life for each well assuming an abandonment rate of 3,000 Mcf/mo. This analysis will provide key insights into well performance and remaining value.

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Baver Cetin
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67 views

Problem Set 3 PDF

This document provides the production history for two gas wells, Wells A and B, from 1997 to 2001. It asks to analyze the data using an exponential decline curve to determine: 1) the nominal decline rate for each well, 2) the remaining recoverable reserves, ultimate recovery, and economic life for each well assuming an abandonment rate of 3,000 Mcf/mo. This analysis will provide key insights into well performance and remaining value.

Uploaded by

Baver Cetin
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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PNGE 343 - Petroleum Reservoir Engineering I

2019/20 Fall
Problem Set-3, Given Dec. 19, 2019, Due Dec. 27, 2019

(20 pts) Two gas wells, A and B, have the production history shown below (also in the uploaded Excel spread-
sheet). Apply exponential decline curve analysis to:

1. Find the nominal decline rate for each well

2. Assuming an abandonment rate (economic limit of production) of 3,000 Mcf/mo. Calculate for each well
the following:

(a) the remaining recoverable gas reserves

(b) the ultimate gas recovery

(c) the remaining economic life of the well

Gas Prod Rate Gas Prod Rate

DATE Well-A Well-B DATE Well-A Well-B


(MO/DA/YR) (Mcf/month) (Mcf/month) (MO/DA/YR) (Mcf/month) (Mcf/month)
1.11.1997 44,420 1.9.1999 26,934 63,270
1.12.1997 44,870 1.10.1999 28,754 70,000
1.1.1998 44,333 1.11.1999 28,974 65,190
1.2.1998 38,939 1.12.1999 23,958 56,270
1.3.1998 41,682 1.1.2000 27,689 51,610
1.4.1998 38,945 1.2.2000 27,647 55,550
1.5.1998 40,566 1.3.2000 27,557 57,400
1.6.1998 37,214 1.4.2000 29,138 57,100
1.7.1998 38,886 113,550 1.5.2000 27,162 53,500
1.8.1998 36,936 95,230 1.6.2000 27,419 50,200
1.9.1998 37,607 96,520 1.7.2000 25,649 51,560
1.10.1998 36,587 105,290 1.8.2000 27,384 45,500
1.11.1998 35,804 83,680 1.9.2000 23,537 42,810
1.12.1998 31,425 82,730 1.10.2000 24,087 39,460
1.1.1999 41,753 81,840 1.11.2000 18,834 42,050
1.2.1999 32,408 81,560 1.12.2000 28,508 40,650
1.3.1999 33,996 79,220 1.1.2001 25,535 36,270
1.4.1999 30,567 79,310 1.2.2001 23,505 32,560
1.5.1999 32,322 73,980 1.3.2001 25,595 34,190
1.6.1999 28,754 73,800 1.4.2001 24,584 33,270
1.7.1999 30,651 67,400 1.5.2001 24,213
1.8.1999 30,018 65,600 1.6.2001 23,895
1.7.2001 22,725
1.8.2001 22,319

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