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:
Nov. 10, 2015
Filed:
Aug. 31, 2012
Whitney Trainor-guitton, Pleasanton, CA (US);
Gary Michael Hoversten, Lafayette, CA (US);
Whitney Trainor-Guitton, Pleasanton, CA (US);
Gary Michael Hoversten, Lafayette, CA (US);
Chevron U.S.A. Inc., San Ramon, CA (US);
Lawrence Livermore National Laboratory, Livermore, CA (US);
Abstract
A system and a computer implemented method for determining a best well location from a plurality of possible well locations are described herein. The method includes drawing a plurality of earth models from a posterior distribution, wherein the posterior distribution is generated by stochastic inversion of existing data; calculating a well production at a plurality of proposed well locations within an earth model in the plurality of earth models using a relationship between the well production and earth parameters; calculating from the plurality of earth models, cost distributions using the relationship between well cost and the earth parameters; and calculating probability weighted values for the proposed well locations using probabilities from location dependent stochastic inversions as weights.