Inside the data-driven completions of the future
Collapsing oil prices amid the demand-sapping Covid-19 pandemic has aggravated exponentially the economic pressures facing E&P companies, particularly those in the unconventional community. In this wholly unprecedented climate, it is all the more incumbent upon operators to deepen insight into reservoir performance, to enhance production flow within the confines of ever-restricted budgets.
Any exercise directed at maximizing production and estimated ultimate recoveries (EUR) must focus, more than ever, on the frac stimulation and completion programs, which together account for up to 70% of total well costs. For multi-stage shale wells especially, access to affordable stage-by-stage flow profiles to identify non-productive stages and avoid inter-well communication is an indispensable tool, in efforts to maximize production flow across the lateral and minimize costs. However, save for a scant number of engineered “science” wells, these critical data have been unavailable to more than 99% of completed land wells.