video1.0<iframe src="https://www.loom.com/embed/2ba16f6e36c84474a2b45d6c6c93be92" frameborder="0" width="1136" height="852" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>8521136Loomhttps://www.loom.com8521136https://cdn.loom.com/sessions/thumbnails/2ba16f6e36c84474a2b45d6c6c93be92-c182726c99b8483c.gif702.003This Loom introduces a generalized well forecast approach in CLOD that works for both producing and non-producing wells using a continuous blend rather than a binary PDP versus PUD method. It describes assigning the target well a cohort of analogs, deriving hyperbolic decline parameters from that cohort, and then progressively blending cohort estimates with the well’s actual data over time. When the well has no production, it borrows everything from the cohort, and as production increases it borrows less. The amount borrowed is inversely related to the life of the well, addressing the transition challenge between PDP and PUD forecasts.