David Fulford

Title: Innovations by David Fulford in Well Production Forecasting

Introduction

David Fulford is an accomplished inventor based in The Woodlands, Texas. He has made significant contributions to the field of well production forecasting through his innovative methods. His work focuses on optimizing production forecasts, which is crucial for the oil and gas industry.

Latest Patents

David Fulford holds a patent for "Methods for statistical prediction of well production and reserves." This patent describes a method for optimizing a well production forecast by inputting initial production rate measurements and probability distributions into a computer. The computer generates an initial forecast of fluid production rates and total produced fluid volumes using a selected production forecast model. After a selected time, the initial forecast is compared with actual production rate and total produced fluid volume measurements to generate an error measurement. Parameters of the selected production forecast model are adjusted to minimize the error measurement, thereby generating an adjusted production forecast model. This process is repeated for multiple iterations to create a range of production forecast models, each with a determined likelihood of error measurement. The results are displayed with respect to the likelihood of error.

Career Highlights

David Fulford is currently associated with Apache Corporation, where he applies his expertise in well production forecasting. His innovative approach has the potential to significantly enhance the efficiency and accuracy of production forecasts in the oil and gas sector.

Collaborations

Due to space constraints, the collaborations section will be omitted.

Conclusion

David Fulford's contributions to well production forecasting through his patented methods demonstrate his innovative spirit and commitment to advancing the oil and gas industry. His work continues to influence the way production forecasts are generated and optimized.