An improved material-balance formulation is presented for determining
original hydrocarbons-in-place (OHIP) in waterdrive oil and gas reserv
oirs. The improved formulation reduces the number of unknowns in the r
egression analysis through the definition of a combined aquifer/reserv
oir expansion term (CARET). Field examples analyzed with the CARET for
mulation are presented illustrating the nonunique nature of waterdrive
material-balance solutions for CHIP. A method is presented for realit
y checking the best-fit aquifer parameters obtained from the regressio
n analysis. The CARET material-balance formulation is shown to provide
several advantages over existing regression analysis techniques.