The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 31, 2005
Filed:
Jan. 18, 2002
Bruce H. Storm, Jr., Houston, TX (US);
Roger L. Schultz, Aubrey, TX (US);
John R. Dennis, Bozeman, MT (US);
John M. Richardson, Norman, OK (US);
Bruce H. Storm, Jr., Houston, TX (US);
Roger L. Schultz, Aubrey, TX (US);
John R. Dennis, Bozeman, MT (US);
John M. Richardson, Norman, OK (US);
Halliburton Energy Services, Inc., Duncan, OK (US);
Abstract
A method of optimizing performance of a well system utilizes a neural network. In a described embodiment, the method includes the step of accumulating data indicative of the performance of the well system in response to variable influencing parameters. The data is used to train a neural network to model an output of the well system in response to the influencing parameters. An output of the neural network may then be input to a valuing model, e.g., to permit optimization of a value of the well system. The optimization process yields a set of prospective influencing parameters which may be incorporated into the well system to maximize its value.