Hydrocarbon production forecast for Louisiana—Producing field module

Oil and gas from conventional producing fields in Louisiana are forecast using an algorithmic classification based on traditional decline curves and heuristic techniques. Fields are classified according to geographic area, product type, age, and production class. Production arising from the inventory of conventional oil and gas assets circa 2009 is estimated to be 343 MMbbl oil, 18 Tcf gas, and 510 MMbbl gas liquids. At $80/bbl oil and $4/Mcf gas, the present value of gross revenues is estimated to be $60.8 billion. The model framework and limitations of the analysis are described along with a discussion of the model results and sensitivity analysis.