forecasting

The fast-growing software firm was founded by former oil and gas professionals who wanted to disrupt traditional reservoir economics software and redefine workflows.

If the forecast bears out, 2022 will be the seventh straight above-average hurricane season.

Recent history has taught the unconventional sector that overly optimistic production forecasts can backfire. Going forward, one solution may be to combine financial and subsurface models to better communicate expectations.

Forecasts for oil demand are looking up. Will the optimistic views prove to be on target? We have learned how the market can shift or wildly careen, both historically and in the very recent past. The outlooks, which reflect a consensus of sorts, is encouraging for producers.

IGU report highlighted pandemic-related delays that kept many international projects from coming on line in 2020.

Forecasters are predicting the sixth ‘above-average’ Atlantic storm season in a row.

Driven by a recovery in well completions and increased proppant loading per well, the market for raw fracturing sand is expected to grow by more than 4% annually through 2021, an industry research study says.

Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.

A global energy model estimates the long-term energy mix, including solids, liquids, and gases, that will satisfy energy demand to the year 2040.

The difficulty in applying traditional reservoir-simulation and -modeling techniques for unconventional-reservoir forecasting is often related to the systematic time variations in production-decline rates. This paper proposes a nonparametric statistical approach to resolve this difficulty.