System and method for analyzing and validating oil and gas well production data
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United States of America Patent
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Jun 5, 2018
Issued Date -
Jun 1, 2017
app pub date -
Feb 13, 2017
filing date -
Nov 8, 2013
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Abstract
A system and method for analyzing and validating oil and gas well production data is disclosed. The system includes a network, a server connected to the network, and a set of wells connected to the network. In a preferred embodiment, the server is programmed to store and execute the method. The method includes the steps of collecting a set of data from the set of wells, performing an first RPI® evaluation on the set of data, creating a matched data set from the set of data, segregating the matched data set into a set of comparison groups, normalizing each comparison group of the set of comparison groups, calculating a set of performance metrics between a subset of the set of comparison groups, and calculating a probability for each performance metric of the set of performance metrics.
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