When the Best Fit Doesn’t Fit
While writing up the post on comparing operators using DCA, we ran across a set of wells where the best fit didn’t exactly fit as well as we would have …
Using DCA to Compare Operators
Out of the 2,435,234 ways to use decline curve analysis, one is to compare operators. Comparing the average type curves for each operator based on known production is easy. Unfortunately …
Fitting Decline Curves
Now that we’ve released our updated decline curve analysis tools, it’s time to get into the details. The number one question we get is, “What exactly does the best fit …
New Decline Curve Analysis Tools
We’ve been hard at work here at WellDatabase. We are constantly updating our platform to provide the best possible tools and data. The latest target – Decline Curve Analysis. Our …
Shutting In Wells
After much fanfare, we are now arriving to the biggest question. What does it look like to shut in wells? How do they come back? What are the pros and …
Choking Back Wells
We’ve been discussing all things production and how they pertain to the current market. If you haven’t read the first parts yet, here are the links The Problem…The Whole ProblemThe …
WellDatabase + Convey640
We’re excited to announce a new partnership with Convey 640. Convey640 users will now have access to well level production on every producing well. Users can now analyze buying and …
Deal Analysis – SRC & PDC
There’s a lot going on in M&A lately. A trend we’re likely to see increase in the coming months. WellDatabase is uniquely suited to perform deal analysis. The platform enables …
Best Fit Production Decline and Forecast
Creating a production decline curve is relatively simple. Creating one that makes sense can be more of a challenge. Fortunately WellDatabase’s best fit decline and forecast function can do the …
Texas Production Allocation – Case Study
Allocating production from the lease level to the well level in the state of Texas can be a challenge. There are a limited number of hard data points and tons …