Oil and gas production forecasting has always been a hot topic in the petroleum industry. Production forecasting in this sector aims to estimate future production rates, facilitating operational planning, production optimization, and resource allocation for companies. Scientists have...
CEO @ Black Swan Oil & Gas “We utilized Novi’s analytics software to help drive the sale of Primexx Operating to Callon Petroleum in late 2021. We are pleased to be among the first to leverage this integrated platform to facilitate the evaluation and optimization of oil & gas assets fro...
A recently released forecast by the Energy Information Administration (EIA) for 2024-2025 projects notable developments in oil and gas production and pricing. According to the forecast, oil production is anticipated to reach unprecedented levels, reaching 13.2 million barrels per day in 2024 and furth...
The author firstly proposes Rayleigh distribution model that could be applied to forecasting production and reserves of oil-gas fields. Three characteristics of the model are developed. The paper offers two kinds of method for solving the model. The model has the characteristic of simpler and faster...
Towards better shale gas production forecasting using transfer learning 2022, Upstream Oil and Gas Technology Citation Excerpt : However, it is a heuristic approach based on empirical observation and does not generate accurate predictions for unconventional gas wells as it tends to overestimate the produ...
consumption and oil price.By analyzing these factors and data from different organizations,we found all the factors can be attributed to risk and opportunity categories,and then we used the multi-Hubbert model and build a data model to forecast the production peak time of oil and gas.These two...
Oil & Gas Operators Make rapid & accurate investment decisions and optimise development planning Novi streamlines your workflow by integrating multiple data and analytics platforms, empowering E&P engineering teams with leading forecasting methodologies and top-tier well-level data licensed from top ope...
A Grey Forecasting Model Based on BP Neural Network for Crude Oil Production and Consumption in China The crude oil demand is growing rapidly in China, driven by its rapid industrialization and motorization. China has already become the second-largest oil i... H Ma,Y Wu - IEEE 被引量: 7...
predication in modern kybernetics, a new self-correction method for performance predication in production decline period of oil and gas fields is presented in this paper, this method may reliably predicate various main parameters in production decline period of oil and gas fields and producing wells...
HOUSTON, Feb. 6 (Xinhua) -- U.S. production of shale oil and natural gas is projected to increase for decades, the U.S. Energy Information Administration (EIA) said Tuesday. EIA issued the Annual Energy Outlook 2018 (AEO2018) on Tuesday, forecasting that liquids production (mostly crude ...