
Optimizing Shale Economics with an Integrated Hydraulic Fracturing and Reservoir Simulator and a Bayesian Automated History Matching and Optimization Algorithm
This study describes an automated history matching and optimization workflow using an integrated hydraulic fracturing reservoir simulator and applies the workflow in four cases. The automated workflow solves a formal mathematical optimization problem to minimize misfit with observations from any point in the lifecycle of a hydraulically fractured well, or to maximize a quantity of interest, such as net present value.