Day 1 Mon, November 07, 2016 2016
DOI: 10.2118/183089-ms
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Less Money for More Oil - Advanced Drill Cuttings Analysis Improves Post Fracture Oil Production, Wolfcamp Example

Abstract: "How do we reduce the cost of producing a barrel of oil and improve well productivity?" This is probably the most frequently asked question by operators. According to a US Energy Information Administration study, average drilling and completion costs in 2015 in five major unconventional plays in the US dropped 25 to 30% since 2012. Despite an overall price drop in drilling and completion, which accounts for up to 65% of capital expenditure, unconventional oil and natural gas extraction remains non profitable f… Show more

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“…The workflow consists of the following steps: (1) quantify reservoir quality (RQ) and completion quality (CQ) along a horizontal well, as determined from a combination of petrophysical, geochemical and geomechanical properties; (2) identify intervals of higher RQ/CQ that can be selected for stimulation; (3) use a simulation model, populated with properties determined from step 1, to generate production forecasts for all stages of the well (assuming a geometric fracturing approach); (4) compare the production forecast for the selected (higher RQ/CQ) intervals against the production forecast for all intervals (geometric fracturing case) to determine if fewer stages can be completed in the well without significant loss in well performance. Previous approaches for Steps 1 and 2 have been discussed in the literature e.g., [16][17][18][19][20][21]. If…”
Section: Introductionmentioning
confidence: 99%
“…The workflow consists of the following steps: (1) quantify reservoir quality (RQ) and completion quality (CQ) along a horizontal well, as determined from a combination of petrophysical, geochemical and geomechanical properties; (2) identify intervals of higher RQ/CQ that can be selected for stimulation; (3) use a simulation model, populated with properties determined from step 1, to generate production forecasts for all stages of the well (assuming a geometric fracturing approach); (4) compare the production forecast for the selected (higher RQ/CQ) intervals against the production forecast for all intervals (geometric fracturing case) to determine if fewer stages can be completed in the well without significant loss in well performance. Previous approaches for Steps 1 and 2 have been discussed in the literature e.g., [16][17][18][19][20][21]. If…”
Section: Introductionmentioning
confidence: 99%