Decline Curve Analysis of Shale Oil Production Using a Constrained Monte Carlo Technique – Pages 61-67

Decline Curve Analysis of Shale Oil Production Using a Constrained Monte Carlo Technique – Pages 61-67

John R. Fanchi

Department of Engineering, TCU, Fort Worth, TX 76129, USA

https://doi.org/10.29169/1927-5129.2020.16.08

Abstract: Shale oil production from the Bakken shale and the Eagle Ford shale was analyzed using decline curve analysis and a constrained Monte Carlo technique. The purpose of the paper is to provide a set of parameters that can be used to initialize a Monte Carlo analysis of shale oil production using a selection of decline curves. The parameters are obtained by matching shale oil production for a set of wells in the Eagle Ford shale and the Bakken shale.

Keywords: Bakken, Eagle Ford, Shale oil, decline curve analysis.