Oil & Gas Glossary
Predictive Modeling​
Confused by multitude of oil & gas data and analytics terms? Get easy-to-understand definitions in our glossary.
Other terms
Decline Curve Analysis
Drilling analytics
Drilling optimization
Energy industry analytics
Energy market forecasting
EUR (Estimated Ultimate Recovery)
Flow Regimes
Formation evaluation
Oil and gas data analysis
Production forecasting
Recovery Factors
Reserves estimation and analytics
Reservoir Characterization
Reservoir engineering analytics
Reservoir modeling
Type Curves
Well cost estimation
Well design
Well Integrity
Well intervention
Well planning
Well testing
Wellbore trajectory
Drilling analytics
Drilling optimization
Energy industry analytics
Energy market forecasting
EUR (Estimated Ultimate Recovery)
Flow Regimes
Formation evaluation
Oil and gas data analysis
Production forecasting
Recovery Factors
Reserves estimation and analytics
Reservoir Characterization
Reservoir engineering analytics
Reservoir modeling
Type Curves
Well cost estimation
Well design
Well Integrity
Well intervention
Well planning
Well testing
Wellbore trajectory
What is Predictive Modeling?
Using statistical techniques to predict future outcomes based on historical data. In oil and gas, predictive modeling could be used for tasks like forecasting production from a well or predicting equipment failures.
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