Leveraging statistical analysis for economic efficiencies

摘要

A study of the Middle Bakken showed how physics-based multivariate analysis helps completion optimization. Completion strategies have differed depending on the area in the Williston Basin. What works best to lower dollars per barrel of oil? A new statistical analysis methodology, based on completion and production data available in the public domain, was applied to Middle Bakken wells in the Central Basin to answer this question.