Oil forecasting technique adapted for spreadsheets may cut shale operator costs
Monday, June 22, 2020 - 19:20
in Physics & Chemistry
Porous rock containing oil and natural gas are buried so deep inside the earth that shale operators rely on complex models of the underground environment to estimate fossil fuel recovery. These simulations are notoriously complex, requiring highly-skilled operators to run them. These factors indirectly impact the cost of shale oil production and ultimately, how much consumers pay for their fuel.