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Confidential
Well Spacing, Declines and More
10.25.2018
Making the most of your geoLOGIC data with Ruths.ai
Troy Ruths, Ph.D, CEO & Chief Data Scientist. Ruths.ai
Confidential
Ruths.ai provides a new analytics layer
Ruths.ai Analytics
PPDM GnG Well Log
Internal
Vendor systems Custom DB Flat Files
Confidential
One integrated analytics platform
Geologic Prospect
Drill Design
Fracture DesignRate v time and performance evaluated by cumulative volumes.
Production/Pressure
Upper Bakken Shale
Middle Bakken Pay
Ruths.ai provides the “Ultimate Workflow” where everything can come together.
Confidential
Ruths.ai Analytics
Exchange.ai• Workflow exchange• “Dashboard of dashboards”• 300+ Templates• 200+ Articles, How-Tos• Online training and resources
Petro.ai• Integrate & process data• “Ultimate workflow”• Manages analytics results• Run in batch or at scale• Data science algorithms
Confidential
Analyze and Optimize
Load geoLOGIC• Well• Production• Surveys• Grids• Well Logs
Characterization• Classify Interval• Well Spacing• Interpolate Props• Well Log by Zone
Recovery• Multi Well Decline• Parameter Sensitivity• Type Curves• Economics• Field Development
Key Drivers• Relative Importance• Predict EUR• Predict GOR, CGR• Parameter Sensitivity• Sweet Spot
CI Bandit DCA Wrangler CI Bandit
DS TrainingRE TrainingGeo Training
Confidential
Load geoLOGIC Data
• Search common data types• One-click load into Spotfire• Dynamically load from marking
or filtering• Create your own templates or
use ours
Confidential
CI Bandit: Well Spacing & Volumetrics
• Calculate wine rack distance
• Vertical, horizontal spacing
• Calculate over time
• Rapid projection into “cubespace”
• Quick volumetrics analysis
Confidential
Understand parent/child relationships
• View dynamically in 3D• Calculate between midpoints,
heel or toe• Measure temporal effects• Save results
Confidential
DCA Wrangler: Reservoir AnalyticsForecast• Accurately decline thousands of wells in
seconds• Generate probabilistic type curves• Run economic simulationsAnalyze• Rich diagnostics for better quality• QC results and interactively update forecastsSave• Save & load forecasts to Petro.ai database• Read & write to ARIES, ValNav
Confidential
DCA Wrangler: Type Curve Analysis
• Probabilistic Type Curves
• Multi-segment modified Arps
• Batch curves for groups
• Normalize by any parameter
• Save & load to Petro.ai
Confidential
DCA Wrangler: Economic Modeling
• Quickly build economic models from typecurve & single well forecasts
• Load multiple price decks & economicscenarios
• Batch process multiple sensitivities
• Calculate economic results
• Save & Load to Petro.ai
Confidential
DCA Wrangler: Field Development Plan
• Generate rig schedules
• Calculate project economics
• Inputs for TC groups, D&Ctiming, years, rig count
• Iterate through multiplescenarios
Confidential
Key Drivers
TheoryBasic fundamental principles around how it works
ApplicationSee how MV models work on real data in real workflows
CommunicationLearn how to share your model and discuss it with others
Confidential
Confidential
Petro.ai Chat
• Autonomous chat bot
• Faster, more intuitive analytics
• Create AOIs, decline wells, calc EUR,make type curves and more
• Robust NLP and intent logic
• Rapidly learning new skills!