Patent US 11,674,366

A method of predicting hydrocarbon production from one or more artificial lift wells is disclosed. Measurements and/or well test data are obtained from one or more artificial lift wells representing well performance at more than one time period. A statistical model, representing well performance, is generated. Using the statistical model and the measurements and/or well test data, real-time production of the one or more artificial lift wells is predicted and a measure of confidence is generated. Potential optimization opportunities are identified for well performance based on the predicted real-time production of the one or more artificial lift wells. The optimization opportunities are outputted. Hydrocarbon production activities are modified using the optimization opportunities.