Generate quick empirical production forecasts and type wells
Are you able to generate consistent reserves estimates with your current production analysis and forecasting tools?
DeclinePlus from IHS Markit is an industry-leading software for analyzing oil and gas production as well as evaluating and managing reserves. Create forecasts and estimate reserves using decline analysis, material balance, volumetrics and water-oil ratio analysis methods. Conduct production surveillance on waterflood oil fields using standard Hall and VRR plots. Create Type Well performance profiles, customize entity hierarchies, consolidate forecasts into groups and rank levels based on forecast name or reserve classification. Additional decline methods target the unique behavior of tight gas and shale gas production.
Learn how to:
- Extract maximum value from production data to determine areas for improvement
- Streamline workflows and generate repeatable and consistent results
- Conduct more accurate, timely reserves evaluations
- Compare results from traditional and advanced analysis methods by effortlessly integrating RTA model forecasts