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MC_STOIIP

Estimate STOIIP - Stock Tank Oil Initially In-Place, using Monte Carlo simulation

Doruk Alp, PhD on Sun., May. 25, 2025: I had put this code togeher for the last time I taught PNGE 417/418 course(s) at METU-NCC in 2023-2024 academic year. For several years I taught using Excel based Monte-Carlo. But in my last year teaching, for some reason I cannot recall now, I also provided this code.

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No updates to the code since initial posting, only update to this readme file with additional explanation.

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Probabilistic Estimate of STOIIP/OOIP - Stock Tank Oil Initially In-Place, using Monte Carlo simulation

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