The allowable for the Dean for the next 7-day period (11/08/2012 to 11/14/2012) was 1136 barrels, so it's holding steady.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2...
1243-barrel allowable for 11/15/2012 thru 11/21/2012, steady as she goes.
Looks like it actually ticked up a bit from previous week...
1131 barrel allowable from 11/22/2012 thru 11/28/2012. Still holding up.
Has anyone calculated the decline curve with the information givin??
Personally, I would highly caution against doing any sort of decline analysis with so little data in hand. Could be wildly misleading in either a positive or negative direction. The fact that the 7 day allowable numbers are bouncing up and down indicates that stablized flow has yet to be achieved.
One could take this data and calculate a 38% decline in less than 2 months - very poor in my opinion.
Suggest that one waits until you have 3-4 months (at least) on continual production before going down the decline estimation highway (IMO)
Mark,
Do you think the decline curve from the vertical Dean well would be similar to the curve of the horizontal Doles well assuming it was fracked the same?
I would assume that the general decline pattern would be similar between a vertical and horizontal well.
The vertical decline would be simplistic view of decline - single interval with single frac stage plus probably be more condensed as to a time vs decline profile. The decline from verticla well will be compromised by the post frac volumes of this single stage frac and the ability of the interval to consistently produce during periods of lower flowing pressures and wellbore loading.
The horizontal decline would probably be more "drawn out" and extended as to decline profile due to different frac stages contributing in different concenttations of O&G at different times over the life of the well.
The lateral heterogeneity of the section as you move along the lateral further complicates the decline profile due to the impact of this heterogeneity on post frac performance.
Mark, I agree that 2 months is not long enough to give a precise decline curve, but I'm wondering how you calculate a 38% decline so far. As I read the numbers, the maximum rate was 200 bopd and the minimum so far is 160 bopd, which would only be a 20% decline. The 20% decline in 2 months is equivalent to 73.8% per year while 38% in 2 months translates into 94.3% per year, assuming a simple first-order process; the pool of recoverable oil (EUR) would be 53,712 barrels and 25,105 barrels, respectively, for the 20% and 38% decline rates. Of course, if SWN is steadily opening up the choke, the actual decline curves would be steeper than the above, and the EURs smaller.
My mistake - I took the 2000 allowable and thought it was for a week (instead of the 10 days that it covered). Thought all the allowable periods were a consistent week
Even over the course of a year, the month to month decline should decrease over time so extrapolating the first few months of decline can be dangerous. Way too many other factors will be influencing rates and decline too (and you have touched on many of them, e;g; choke adjustments, etc.)
Again apologize for putting out data in error
Mark
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