Analytics Magazine Analytics Magazine, November/December 2014 - Page 22

forum – and understand the outcomes made possible by prescriptive analytics, using data sets most operators already have on hand and/or routinely collect in the course of normal operations. Some examples: Planning • Which reservoir, drilling, completion and production variables have the greatest impact on production? • How closely should we space wells? Do we have stage overlap? Formation containment? • Does the order in which we treat and/ or produce adjacent wells matter? Why? Production • Which stages and clusters were treated effectively? Treated as expected? Why? • Which stages are producing? Producing as expected? Which are not? Why? • How should a well be produced to maximize its lifetime value? Secondary Recovery, EOR • When should artificial lift be introduced in the lifecycle of a well to maximize estimated ultimate recovery (EUR)? • When should enhanced oil recovery (EOR) be introduced in the lifecycle of a well in order to maximize EUR? 22 | a n a ly t i c s - m a g a z i n e . o r g Does EOR result in highe ȁɕ