Rapid region wide production forecasting
US12056726B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 24, 2020 |
| Grant date | Aug 6, 2024 |
| Priority date | — |
| Expiry date | Feb 13, 2041 |
Classification
- Technology area (CPC E)Fixed Constructions
- CPC primaryE21B2200/20
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A method for rapid region wide production forecasting includes identifying base data of a well in a plurality of wells of a region; selecting, using the base data and from a set of a models comprising a rich machine learning model, a location based machine learning model, and a decline curve model, a well model; and generating, based on the selecting, a forecasted production of the well using the base data and the well model. The method further includes aggregating a plurality of forecasted productions of the plurality of wells, the plurality of forecasted productions including the forecasted production, to generate a region forecast using the rich machine learning model, the location based machine learning model, and the decline curve model; and presenting the region forecast.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.