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Modeling and Simplicity: Occam’s Razor in the 21st Century

Recorded On: 03/21/2013

This presentation gives a brief review of the use of models in reservoir engineering. It then reviews the use of simple (nonsimulation) models in current practice. The latter falls into the category of “cogent" models (Bratvold and Bickel) that allow the execution of multiple simulations and thereby enables decision-making.

Larry W. Lake is a professor in the Department of Petroleum and Geosystems Engineering at The University of Texas at Austin. He holds B.S.E and Ph.D. degrees in Chemical Engineering from Arizona State University and Rice University, respectively. Dr. Lake is the author or co-author of more than 100 technical papers, four textbooks and the editor of three bound volumes. He has served on the Board of Directors for the Society of Petroleum Engineers (SPE), won the 1996 Anthony F. Lucas Gold Medal of the AIME, the Degoyer Distinguished Service Award in 2002, and has been a member of the National Academy of Engineers since 1997

Sponsored by: Management and Information Technical Director

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