Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Create a Gas In Place (OGIP) distribution, determining the P10, P50 & P90 values using the following hints. Document your results in a 2 page report with key screen shots. Also upload your @Risk excel sheet.
- Use the HW3_OGIP.XLSspreadsheet which has two tabs:
- Welldata – this is the raw data from 25 wells in the same field.
- VolumetricModel – this is where the calculations reside for that field.
- In the VolumetricModel tab, replace the Input Valuesfor Depth, Thickness, GC, Density, PhiM, and Sw with distribution functions from @Risk. To obtain the distributions functions, go first to the WellData TAB.
- In the WellData tab,choose a distribution function — for each of these inputs — that you think adequately matches the data. Be careful of using functions that result in nonsensical values (i.e. negative thickness; use RiskTruncate).
- In the VolumetricModel tab, replace the OutputValuefor GIPTotal with a RiskOutput function.
- Run the Monte Carlo simulation utilizing the distributions of input variables and the single output variable GIPTotal to generate the distribution for GIPTotal and the P10, P50 and P90 estimates. Use at least 1000 iterations.
Convert the probabilistic OGIP estimation of HW3 to an EUR estimation, using the recovery factors for the gas given as a probability input function in HW4A_RF.xls. Use the function for shale gas RF as inputs for the EUR computations. Here are the steps
- Your output function needs to be an RIskOutput function.
- Run the MC simulation.
- Determine the P10, P50 & P90 EUR values (assuming well is economic)
- Give a table with P10, P50 & P90 EUR, as well as proved, probable and possible reserves volumes.
Using the data in ‘HW4B_Correlation Data.XLS’, do the following:
- Determine the correlation between depth and Gas Content, and simulate (with @RISK) 100 pairs of randomly generated depth and Gas Content data;
- Give a cross-plot on the same graph with (1) the raw input data, and (2) the data generated from the distributions [under task (a)].
- Fit a least squares regression curve through each of the data sets using xcel.
- Show the equations and correlation coefficients of each of the equations in the plot.
If you have done this properly, the input and simulated dataset will have similar clustering and similar least squares fits.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. 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The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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