First, I would like to express my profound gratitude to my academic supervisor Dr. Sepehrnoori for the continuous guidance and support during these two years of graduate school. I am truly grateful for his interest and willingness to guide me since the very first day of my graduate studies. I would also like to express sincere gratefulness to Dr. Wei Yu for his dedication, expertise advises, and insistent valuable guidance. I will always appreciate how he shared part of his extensive expertise in unconventional reservoirs, and reservoir modeling with me. Also, I would like to thank Erich Kerr and his company for supplying the field data that made this research possible. I gained great practice and understanding through their suggestions for my research work. Their invaluable support received weekly through my entire career will always be appreciated. There are not enough words to express how convinced I am that this would not have been possible without the support of my family. I thank my father Mario and my mother María for covering part of my tuition, and also my sister Carla Adriana for their continuous encouragement to pursue my dreams. I would like to thank Carolina for her caring love and support. I am indebted to my parents, my sister and my girlfriend who never stopped encouraging during both the good and the not so good times. I would also like to thank Reza, Sutthaporn, Fabio, Jorge, and Esmail for their collaboration and assertive comments for my work and my research. Finally, a very special acknowledgment is extended to the Fulbright Commission of Ecuador, the Department of State of the United States, and the Cockrell School of Engineering for being the sponsoring entities which provided me the scholarships to fund and make this accomplishment possible.