Official PetroAI Blog

A Machine Learning Approach to Basin Scale Inventory Forecasting

A Machine Learning Approach to Basin Scale Inventory Forecasting

Charles Connell
Published and presented at URTeC 2024, authors Charles Connell, Kyle LaMotta, Clark Munger, and Joe Wicker outline a machine learning approach to basin scale inventory forecasting and development planning

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Our Founder and CEO Troy Ruths joins the exclusive Hart Energy Forty under 40 list. The honorees of the Forty Under 40 list exemplify excellence across various facets of the energy industry. Their collective achievements highlight the importance of innovative leadership, technological advancement, sustainability, and collaboration. These professionals not only drive their organizations forward but also contribute significantly to the broader goals of energy efficiency, environmental stewardship, and industry advocacy.

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Creating and Saving Type Curves in PetroAI

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New Feature Alert! Use AI models trained on subsurface properties to move beyond analog well comparisons.

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Dynamic Inventory Valuation

Dynamic Inventory Valuation

Creating accurate forecasts for inventory locations is challenging due to both the large number of potential locations and the many variables impacting well performance. With PetroAI, engineers can create unique predictions on each inventory location that account for geology, well design, offset PDP wells, and the timing of development.

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Evaluating a Model

Evaluating a Model

Evaluate model performance within each interval, across completion years, and for parent, child, and sibling wells using the DIAG dashboard.

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Requesting New Builds in PetroAI Cloud

Requesting New Builds in PetroAI Cloud

Navigate between existing model versions (called "builds") and request new sensitivities for PetroAI to run within an existing build.

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Evaluate Well Landings with Internal Structure

Evaluate Well Landings with Internal Structure

Land any well in a dataset against internal structure grids. Automatically create gun barrel views, map views, and lateral views.

Charles Connell
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