PetroCurveFit
Automate bulk reserves forecasting ensuring your team has access to the latest estimates without having to have an army of reservoir engineers. PetroCurveFit is our industry-leading reserves forecasting application that uses advanced data characterization and curve-fitting processes to estimate reserves.
The PetroCurveFit Process
Data Conditioning
PetroCurveFit automatically removes leading and trailing zeroes and bad production data values before it begins the curve fit process.
Curve Characterization
Next, PetroCurveFit analyzes distinct segments of the historical production to eliminate anomalies, engineering interventions, or other events in the data which do not reflect the true decline trend.
Type Curve Library
PetroCurveFit reviews each well as a candidate to include in a type curve library. The type curve library provides curves for wells with limited or no production.
Calculate the Projection
Depending on the historical data suitable for projection, PetroCurveFit uses a combination of type curves, an ARPS equation fit, and the extended Kalman filter to produce fast and accurate forecasts.
Calculate Economic Limit
PetroCurveFit uses the latest oil and gas prices to calculate an economic life and remaining reserves for each well.