Gas Reserves Estimation in Resource Plays
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abstract
AbstractThe petroleum industry's lack of understanding of physical properties and the physics controlling production from many important resource plays limits its ability to model and forecast with confidence production and reserves from these resources. While measurement technology and modeling accuracy is improving, the industry is often forced to resort to empirical methods that lack the usual validation required for high confidence in results. This paper analyzes some of the procedures in common use for forecasting and identifies key strengths and limitations of the techniques.
