Bakken & Three Forks Completions & Well Spacing 2014
Organization: American Business Conferences
Venue: Marriott Denver City Center
|Event Date/Time: May 28, 2014 / 8:30 am - (MST)||End Date/Time: May 29, 2014 / 4:30 pm - (MST)|
As Bakken E&P companies are now in full development phase, the real question now is how to maximize the productivity of Bakken wells whilst simultaneously driving down cost. Completions and Well Spacing play a huge role in cost and production efficiency and mastering the optimization of both aspects has the ability to significantly transform the economics of every Bakken well drilled.
Amongst all of the available completion techniques available to operators, deciding upon the highest performing frac recipe is not an easy task. Operators not only need to look at increasing efficiency at every stage of completions but need to do this in a way that balances increased recovery with reduced costs. Needless to say, if funds were unlimited, operators could spend millions of dollars testing all possible combinations of frac fluids, proppants, liners, frac stages and frac spacing to deduce the optimal recipe for the reservoir in place. However, as reality would have it, trial and error on a grand scale is neither economically viable nor operationally feasible, so what operators must do is learn from successes and failures of other operators. Understanding what different producers are seeing with regard to....
- Plug & Perf vs. Sliding Sleeves
- Slick Water vs. Cross Link vs. Hybrid Fracs
- Cemented vs. Open Hole Completions
- Cost vs. Increased Recovery of Additional Frac Stages
- Resin vs. Sand vs. Ceramic Proppants
...thus enabling for the first time ever, operators to compare and contrast the production results seen from varying completions across different Bakken fields.
The second biggest challenge facing Bakken operator's is Well Spacing. Operators are now down-spacing to fully exploit the potential of the reservoirs; but what is the optimal spacing? How can operators increase well density without causing wellbore interference and pressure drops in the reservoir? From an economic standpoint, how many wells are too many? Operators need to examine data and interpretations on drain and drillings per well from latest down spacing pilots to identify whether or not the right spacing has been reached and ultimately, determine how far apart Bakken wells should be drilled for maximum recovery.