Eliminate Type Curve Survivor Bias

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Description

This Spotfire template helps you eliminate survivor bias when generating type curves. Survivor bias is a common problem when generating type curves. Type curves are normalized on a time basis, so wells with longer production histories, i.e. the “survivors”, bias the type curve calculation later in life. These older wells may have different production profiles than the recent wells, which can significantly affect EUR. It’s important to correct the input data so your type curves aren’t biased, over or underestimating the EUR. This Spotfire template provides a fast, easy and visual method for doing this.

Features

  • Interactive and quick method for observing how longer-life wells affect type curves.
  • Property control inputs for well count and production history thresholds
  • Use DCA Wrangler to quickly generate type curves

Installation

A template is an analysis file created in TIBCO Spotfire. The intended use is to replace the data and utilize the configured visualizations and calculations.

  1. Download the template to your personal machine. Login into your own Spotfire server and open the downloaded file.
  2. Review the tables shown on the data load page. These are the tables you'll replace.
  3. Replace the data with another Excel sheet or connect the template directly to your database or platform.
  4. Customize with your own data. You are free to embed and incorporate your template into other projects.
  5. All done!

Spotfire Templates are provided as is and do not require licenses.

Download Details

Eliminate Type Curve Survivor Bias

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Product Details
Release date: June 28, 2018
Last updated: June 28, 2018
Current version: 1.0
Software application type: TIBCO Spotfire
File format: .dxp
File size: 2 MB
Requirements: TIBCO Spotfire 7.10+
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