Date: Thursday October 1st, 2020
Speaker: Dr. Jerry Jensen, Research Engineer, Bureau of Economic Geology, University of Texas at Austin
A link will be emailed to your preferred address to you the day of the event
Time: 12:00 PM - 1:00 PM
SPE Member: Free Non- Member: $20
Reservoir characterization analysis resulting from incorrect applications of statistics can be found in the literature, particularly in applications where integration of various disciplines is needed. Here, we look at three misapplications of ordinary least squares linear regression (LSLR) and show how they can lead to poor results and offer better alternatives, where available. The issues are
Using actual and synthetic datasets, we illustrate the effects that these errors have on analysis and some implications for using machine learning results.
Dr. Jerry Jensen is a part-time research engineer at the Bureau of Economic Geology, University of Texas at Austin. From 2007 to 2018, he held the Schulich Chair in Geostatistics at the University of Calgary’s Department of Chemical and Petroleum Engineering. Prior to 2007, Dr. Jensen held faculty positions at Texas A&M (1998-2007) and Heriot-Watt (1985-1997) Universities and worked as a field engineer for Services Techniques Schlumberger (1973-1977) and Gearhart Industries (1977-1983).
Dr. Jensen received a BSc in electrical engineering from the U. of Birmingham (UK) in 1973 and a PhD degree in petroleum engineering from the U. of Texas at Austin in 1986. He is author or co-author of over 100 publications, including the books “Statistics for Petroleum Engineers and Geoscientists” (2000) and “Applied Reservoir Characterization (2014), both by Elsevier. He has research and teaching interests in inter-well connectivity, petrophysical analysis of unconventional reservoirs, and strategic sampling for reservoir analysis and modeling. He was also an SPE distinguished lecturer in 2011-2012 on the topic of inter-well connectivity.
October 1, 2020
From 12:00 PM to 1:00 PM