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Apr 29, 2025
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PETR 6334 - Probabilistic Reserves Estimation Credit Hours: 3.0 Lecture Contact Hours: 3 Lab Contact Hours: 0 Prerequisite: PETR 6351 , 6362 or BS in Petroleum Engineering and PETR graduate standing or consent of program.
Review of statistics and probability theory. Probabilistic methods of reserves estimation and cash flow analysis. Statistical methods for estimating proved undeveloped reserves in resource plays. Quantifying uncertainty in reserves estimates.
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