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Category: Refracturing

Beating the decline through refracturing

July 07, 2015 Posted by Chris Wysong

BySudhendu Kash Kashikar, Terry Jbeili, MicroSeismic, Inc. Shale well refracturing activity will increase steadily, as companies optimize the process. There is, it seems, a constant refrain, in this post-oil-price-rout environment, about the survival of shale operators and, by extension, their suppliers. The immediate need is to cut costs across the board. Yet, even more important is the need to maintainand even increaseproduction from existing assets. The decline curve in unconventional reservoirs is steep, a trend typically countered by the drilling and completion of new wells, which is both costly and time-consuming. At current oil and gas prices, in many cases, completing new wells does not provide the requisite Internal Rate of Return (IRR) to pass economic muster. Enter refracturing. A few years after coming onstream, most horizontal shale wells produce at a fraction of their initial rates, leaving large volumes of unrecovered oil and gas in the rock. These bypassed reserves could

Posted in , Refracturing, Drilling, ShaleWell
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