How accurate can lease-to-well production allocation be? : v

How accurate can lease-to-well production allocation be?

A seemingly simple question: how much did a Texas well produce? A question fundamental to oil & gas analytics, yet difficult to answer due to the problem of lease-to-well allocation. In contrast to most states in the US, operators in Texas report oil & gas production not on well level but on lease level. A lease is comprised of a group of wells in a similar geographic area,

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Texas , United States , , Commission Of Texas , Novi Data Network , Rail Road Commission , Novi Labs , Root Mean Squared Error ,

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