Non-linear dynamic programming of hydraulic fracturing models
Nonlinear programing techniques are applied to hydraulic fracturing models resulting in the design of an optimum fracture treatment. The objective function is chosen as the discounted present worth of the well and is optimized with respect to 8 decision variables. The region of feasibility is restricted by both upper and lower bounds on each decision variable and by constraints placed on the interactions of the various variables within the models. The possibility of applying venture analysis to fracture treatment is also discussed. This involves the assignment of a probability distribution to uncertain parameters in the model. This allows the estimate of a probability curve showing the probability of achieving various values of the objective function.
- Research Organization:
- Arkansas Univ; Perry R H and Assocs
- OSTI ID:
- 5692469
- Report Number(s):
- CONF-680926-
- Journal Information:
- Soc. Pet. Eng. AIME, Pap.; (United States), Vol. SPE2159; Conference: AIME 43rd annual fall meeting, Houston, TX, USA, 29 Sep 1968
- Country of Publication:
- United States
- Language:
- English
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