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Because of the low permeability, multi-stage hydraulic fractured horizontal wells (MHFHWs) occupy a dominant position among production wells in tight gas reservoir. However, net present value (NPV) estimation method for MHFHW in tight gas reservoirs often ignores the effect of heterogeneity in microscopic pore structure. Apart from that, a new fractal model is presented for NPV of MHFHW, based on the fractal expressions of formation parameters. First, with the aid of apparent permeability model, a pseudo pressure expression considering both reservoir fractal features and slippage effect is derived, contributing to establish the productivity model. Secondly, economic assessment method is built based on the fractal productivity model, in order to obtain the NPV of MHFHW. Thirdly, the type curves are illustrated and the influences of different fractal parameters are discussed. The pore fractal dimensions [Formula: see text] and the capillary tortuosity fractal dimensions [Formula: see text] have significant effects on the NPV of an MHFHW. Finally, the proposed model in this paper provides a new methodology for analyzing and predicting the NPV of an MHFHW and may be conducive to a better understanding of the optimal design of MHFHW.

A FRACTAL ANALYSIS FOR NET PRESENT VALUE OF MULTI-STAGE HYDRAULIC FRACTURED HORIZONTAL WELL