Systems and methods for optimizing oil production

A computing system, comprising:

• one or more processors;
• and
• a memory system comprising one or more non-transitory computer-readable media storing instructions that, when executed by at least one of the one or more processors, cause the computer system to perform operations, the operations comprising:
• receiving historical production data for one or more wells;
• generating a first model based at least partially upon the historical production data;
• generating a curve based at least partially upon the first model, wherein the curve corresponds to the historical production data;
• identifying and removing one or more data points in the historical production data that are outliers with respect to the curve;
• determining an uncertainty of the historical production data based at least partially upon the first model after the one or more data points are removed;
• predicting production in the one or more wells based at least partially upon the first model and the uncertainty of the historical production data;
• determining an uncertainty of the predicted production based at least partially upon the predicted production and the uncertainty of the historical production;
• generating a second model based at least partially on the predicted production and the uncertainty of the predicted production;
• determining a production allocation in the one or more wells to maximize production based at least partially upon the second model;
• and
• causing the production allocation to be implemented by setting a plug in the one or more wells.

A non-transitory computer-readable media storing instructions that, when executed by one or more processors of a computer system, cause the computer system to perform operations, the operations comprising:

• receiving historical production data for one or more wells;
• generating a first model based at least partially upon the historical production data;
• generating a curve based at least partially upon the first model, wherein the curve corresponds to the historical production data;
• identifying and removing one or more data points in the historical production data that are outliers with respect to the curve;
• determining an uncertainty of the historical production data based at least partially upon the first model after the one or more data points are removed;
• predicting production in the one or more wells based at least partially upon the first model and the uncertainty of the historical production data;
• determining an uncertainty of the predicted production based at least partially upon the predicted production and the uncertainty of the historical production;
• generating a second model based at least partially on the predicted production and the uncertainty of the predicted production;
• determining a production allocation in the one or more wells to maximize production based at least partially upon the second model;
• and
• causing the production allocation to be implemented by actuating a valve that is in communication with the one or more wells.