ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,386,092, issued on Aug. 12, was assigned to ConocoPhillips Co. (Houston).
"Optimizing well sequences in a well development zone" was invented by Sarah W. Coffman (Houston), Rafael E. Paz Lopez (Houston) and Oswaldo Nunez (Houston).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for optimizing a well development sequence for a development zone includes receiving one or more inputs based on the development zone. The method can also include generating a well development plan based on the development zone and the one or more inputs. Additionally, the method can also include calculating an expected value based on the well developm...