UC-232
Drilling Capital & Reserves Sequencer
Forecasts decline and reserves per well, then sequences which wells, spacing and completions to drill for the least capital.
TBDBuild Duration
TBDIndicative ROI
The Challenge
Output must scale without a proportional rise in cost or headcount, while a reserves and decline-forecasting backlog slows capital allocation. Acquired acreage must merge into one type-curve picture.
How It Works
- Ingests production and completion history, AFEs, type curves and lease data.
- ML/DL decline forecasting feeds a program-sequencing and spacing optimiser.
- Returns the optimal drilling sequence with uncertainty bands and design picks.
What It Removes
- Reserves forecasting backlog
- Ad-hoc drilling sequence
- Fragmented type curves post-acquisition
Input Data RequirementsHistorical production and completions, AFEs and type curves, acreage and lease data, rig schedule and costs
Output FormatUpdated reserves and decline forecasts with uncertainty, optimal drilling sequence, spacing and completion recommendations
“It decides the best order and design for the wells we drill, so we hit production goals while spending the least capital.”