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Optimal Exploitation Of Petroleum Resources Using The Average Reservoir Data For The Walton Canyon Reservoir In Summit County, Utah, Behrouz Helmi-Oskoui

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The main concern of this study is to obtain an optimal time path of crude oil and natural gas production by controlling the pressure at the bottom of any producing well in Walton Canyon Reservoir. To achieve this goal, the following objectives were obtained: (a) an estimation of the reservoir properties at different levels of the reservoir pressure; (b) an estimation of an optimal time path of joint production using the estimated reservoir properties and the expected prices and costs in the absence and presence of severance, state, and federal income taxes, and depletion of allowances; and (c) an analysis …