Patent ID: 11928405
Assignee: ENVERUS, INC.
Field: Civil engineering (Other fields)
Classification: CPC G  E | IPC E  G

Claim 20:
21. The apparatus of claim 20, wherein the operation of iterating steps (vi)-(ix) comprises:
determining new allocated periodic well-level hydrocarbon production values for each of the plurality of wells based on the determined allocated well-level hydrocarbon production values in a previous iteration of step (v);
shifting the new allocated periodic well-level hydrocarbon production values for each of the plurality of wells to a first period of a number of periods associated with the particular area ID;
aggregating the shifted new allocated periodic well-level hydrocarbon production values to generate new aggregated periodic area-level hydrocarbon production values; and
determining a new decline curve model for the new aggregated periodic area-level hydrocarbon production values.