Diversified Oil and Gas Holdings (DVFI)

[Peak Oil]

Advanced Decline Curve Model for
Stripper Well Production Analysis (METEOR)
Lead Organization: Advanced Resources International, Inc.
Key Contact: Larry Pekot (703-528-8420 or [e-mail])
Other Participants: Equitable Production, Belden & Blake
Level of Funding: $80,000

http://www.energy.psu.edu/swc/proposals/2001completelist.pdf

Executive Summary
Successful stripper well production requires careful attention to cost control and this requirement
extends to engineering and geologic evaluations to determine a stripper well’s potential for
remediation or production improvement. Thus, a premium should be placed on evaluation
techniques that are fast, simple and reliable.
This project will meet this need by refining the use of advanced decline curve techniques into a
fast and easy to use program that is designed specifically for low permeability, multiple
completion gas wells. The availability of this program will provide a new tool to help analyze
stripper wells allowing operators to make more informed decisions when considering well
remediation, recompletion or drilling options in stripper production areas.
The applicant proposes to build upon an existing visual basic decline curve program, named
METEOR, and incorporate additional advanced decline curve analysis techniques. Results of the
program will be verified against a series of reservoir simulation cases constructed from real data
taken from a variety of stripper well conditions. Based on industry feedback, considerable
attention will also be given to create features that are fast and easy to use, especially concerning
data input and output handling. This will allow the user an opportunity to evaluate low rate and
low revenue stripper wells with a minimum of time and effort.
The project cost share will be supported by a $25,000 cash grant from Equitable Production
Company (Equitable) and a $5,000 cash grant from Belden & Blake Corporation (BBC).
Advanced Resources International (ARI), the project applicant, will also contribute $5000 in
unbilled labor and expenses. Equitable will also provide the well and reservoir data necessary for
the program verification study. To complete the project as proposed, a sum of $80,000 is
requested from the Stripper Well Consortium.


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