Do shut in wells contribute to forecasted production?

Often times when wells are reported to a regulatory agency as a shut-in, it is still capable of future production.

A shut-in continues to forecast production until it has been plugged, once it is plugged - then future forecast data is ZERO. Since shut-in wells still have potential of producing, we believe that it is more beneficial to forecast this data until the well has been plugged. 

We define a well shut-in when a well is either marked as shut in from the regulatory agency or the well has not produced in the past 12 months. Click here to read more on how each of the well types are defined in WellDatabase.