Shale Analytics: AI-based Production Optimization in Shale

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Disciplines: Data Science and Engineering Analytics | Reservoir

Course Description

Data-driven analytics is becoming an important point of competitive differentiation in the upstream oil and gas industry. When it comes to production from shale, companies are realizing that they possess a vast source of important facts and information in their data. In analysis and modeling of production from shale, our traditional techniques leave much to be desired.  Field measurement data can provide much needed insight. Data-driven analytics is the set of tools and techniques that provides the means for extraction of patterns and trends in data and construction of predictive models that can assist in decision-making and optimization.

In advanced data-driven analytics, data from the well and the formation are integrated with field measurements that represent completion and hydraulic fracturing practices and are correlated with production from each well. As the number of wells in an asset increases, so does the accuracy and reliability of the analytics.

Attendees will become familiar with the fundamentals of data-driven analytics and the most popular techniques used to apply them such as conventional statistics, artificial neural networks, and fuzzy set theory.

This course will demonstrate through actual case studies (and real field data from thousands of shale wells) how to impact well placement, completion, and operational decision-making based on field measurements rather than human biases and preconceived notions.

Basics of artificial intelligence (AI) and machine learning

Descriptive analytics

• Impact of reservoir, completion, and operational characteristics on production
• Organize and prepare the data for predictive modeling

Predictive analytics

• Honor known physics of fluid flow in shale
• Avoid over-training (memorization) while promoting generalization

Prescriptive analytics

• Optimize completion practices
• Optimize well spacing and stacking
• Identify best service companies

Introduction to AI-based dynamic modeling

• Capture well and reservoir dynamics
• Address issues such as frac hits

Learning Level

Intermediate

Course Length

1 or 2 Days

Why Attend

Application of data-driven analytics and predictive modeling in the oil and gas industry is fairly new. A handful of researchers and practitioners have concentrated their efforts on providing the next generation of tools that incorporates these technologies for the petroleum industry.

Data-driven analytics have become an integrated part of many new technologies used in our daily lives such as smart automatic transmissions in cars, the detection of explosives within airport security systems, smooth rides in complex subway systems, and the prevention of fraud in credit card use. They are extensively used to predict chaotic stock market behavior, and are increasingly being used to optimize financial portfolios.

A large amount of data is routinely collected during production operations in shale assets. The collected data can be utilized to gain a competitive advantage in optimizing production and increasing recovery.

Who Attends

This course is intended for completion engineers, production engineers and managers, reservoir engineers, geoscientists, asset managers, and team leaders.

CEUs

0.8 or 1.6 CEUs (Continuing Education Units) are awarded for this 1- or 2-day course.

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.

Instructor

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