Evaluating the Impact of Proprietary Oil & Gas Data on Machine Learning Model Performance Using a Quasi-Experimental Analytical Approach
This study implements a data-intensive supervised ML approach through a quasi-experimental framework with the objective of quantifying the impact of oil and gas operator-specific proprietary data on ML-based predictive model performance relative to using oil and gas datasets that may be more commonly publicly available. The models are designed to jointly predict daily oil, gas, and water production for horizontal wells as a function of bottom-hole pressure drawdown, spatial placement across the study domain, and well completion attributes. Model performance is quantified on holdout test data to evaluate how each dataset affects resulting model variant performance.