A new tool for prospect evaluation in shale gas reservoirs

This paper discusses a new tool that was developed specifically for SG exploration and development. This tool combines the latest production data analysis and rate forecasting techniques with a simple, yet rigorous stochastic method for analyzing pilot well locations. The paper discusses the rate forecasting techniques used in the tool, as well as the tool development and application. Both simulated and field cases are provided to demonstrate the new methodology. This paper is an extension of the work presented by Williams-Kovacs and Clarkson (2011).