Identifying risks and uses of abandoned and shut-in wells in northern Louisiana and analyzing the effect of shutting-in a well/field on its future production potential and the Net Present Value in a low oil price environment. Project Title This project is to analyze the Louisiana state database of wells. There are evolving objectives to this. One objective is to determine the likelihood that a well that is not being utilized developing a leak. Furthermore among the objectives is to identify unused wells that could be potential candidates for other activities inluding: water production, disposal, observation, and geothermal energy. Third objective is to provide a guideline to whether a field should be shut in or not based on a comprehensive historical data analysis.
Getting Started Currently, there are three folders within which some code and data exist. The folder Overall Data_Segmentation contains the code needed to take two databases where both og them can be joined using a key of serial number of the wells. In the particular code here, one databse contains information about well status but it lacks latitude, longitude information. The other one does have the latitude, logitude information. The objective here is to get the latitude and longitude data in the main database and separate wells by their status code and plot them and also store them into two different databases for later use. The second folder "Leak Potential Analysis" takes databases of the format such as the one that is the output of analysis in the Overall Data_Segmentation folder and peforms operations on the wells that have leak risk and estimates that risk and plots it using various methods. Thr thrid folder "Production Shut in Analysis" is the code for analyzing historical production data, detecting if a field was shut-in, segmenting the data using that, and drawing conclusions and recommendation based on that.
Prerequisites Only Python and Pandas libraries are needed to run these notebooks. You can try them with other types of files downloaded from the web including, but not limited to, Louisiana Department of Natural Resources.
Author Babak Akbari