Well Spread is your digital assistant on quantitative risk assessment. Input: 1) estimated initial production (IP) bopd of your well, 2) spread or uncertainty of that estimate (as standard deviation) in percent, and 3) your confidence level. Assuming that the underlying distribution is a bell curve (normal distribution), Well Spread outputs P90, P50, and P10 IP estimates or estimates at other specified confidence levels. In conjunction with Well Econ and Well Wildcat, the Skills Trio helps drive prudent investment decision making, leading the way to quantitative risk management in oil and gas. On demand.
“Initial production one thousand barrels oil per day and spread thirty three... ”
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