Using Physics-based Models to Develop Production Forecasts in Unconventional Assets

PetroVisor’s completion optimization workflow uses physics-based modeling to optimize completion designs in unconventional formations. When evaluating new completion designs, wells with unknown or unfamiliar lateral spacings, or when robust data is not available, a physics-based approach to oil and gas modeling produces superior results. PetroVisor offers an improvement over conventional computations based on Arps decline curve equations or by running a limited number of physics-based forecasts. The resulting completion design provides parameters such as lateral length and spacing that are used in creating the drilling schedule and as inputs to full asset evaluation and development.