Patent №
US 8,949,098
Granted
2015-02-03
Filed 2008
Owner
HALLIBURTON ENERGY SERVICES, INC.
Lab
—
AI components
2
kr · planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
12179221
An iterative drilling simulation method and system for enhanced economic decision making includes obtaining characteristics of a rock column in a formation to be drilled, specifying characteristics of at least one drilling rig system; and iteratively simulating the drilling of a well bore in the formation. The method and system further produce an economic evaluation factor for each iteration of drilling simulation. Each iteration of drilling simulation is a function of the rock column and the characteristics of the at least one drilling rig system according to a prescribed drilling simulation model.
AI classification
Ownership
HALLIBURTON ENERGY SERVICES, INC.
assignment · 221080407
Assignors
KING, WILLIAM W.
On an employer assignment, the assignors are typically the inventors.