Forecasting Oil and Gas Using Decline Curves
This online engineering PDH course provides information on how to use decline curves to forecast oil and gas production.
The production of oil and gas from most wells under primary production (no injection of fluids into the reservoir) typically follows a pattern of production decline. A graph of daily or monthly production on a time scale will show a curved pattern known as a decline curve. A curve fit to this pattern allows one to forecast future production from oil and gas wells. This forecast can then be used as input to an economic model to estimate the reserves and future net income from the wells.
This 3 PDH online course is applicable to petroleum and geological engineers who are involved in the development and production of oil and gas fields.
This PE continuing education course is intended to provide you with the following specific knowledge and skills:
- Familiarizing with the units used in the oil and gas industry
- Understanding the basics of decline curves
- Learning about exponential, hyperbolic, and harmonic decline forecasts
- Learning how to calculate cumulative production between two production rates, and at any point in time
- Knowing how to develop rate-cumulative production curves
- Learning how to forecast curtailed production using decline curves
Upon successful completion of the quiz, print your Certificate of Completion instantly. (Note: if you are paying by check or money order, you will be able to print it after we receive your payment.) For your convenience, we will also email it to you. Please note that you can log in to your account at any time to access and print your Certificate of Completion.