All stages were successfully stimulated with acid, with clear pressure indications of packers setting, balls landing and sleeves shifting, the release said.
WPX Energy, which entered the Permian Basin in 2015 with its $2.3 billion-plus acquisition of RKI Exploration, is bullish on the sub-basin. The company is among those focusing on the the Upper and Lower Wolfcamp A, both of which are proven productive.
The sub-basin was heralded during the DUG Permian Basin conference as one of the industry’s bright spots as companies continued to cope with the cyclical ups and downs of life in the oil patch.
Meanwhile, a blanket of homogeneity overlies Appalachia completion techniques. The only exception regionally involves some of the hotter, deeper Utica wells, according to Hart Energy's Heard In The Field report.
Panelists at Hart Energy's DUG Permian conference said sand, spacing and slickwater have played key roles in the multistage fracturing process that contributed to the Permian Basin becoming today’s largest oil-producing region in the U.S.
The EPA’s efforts to address climate change include a goal of cutting 2012 methane emissions by up to 45% in less than a decade.
As the company awaits market rebalancing, it is pursuing EOR technology and improving completion designs to enhance efficiency and production.
Talk of refracturing opportunities and challenges continue as companies seek cost efficiencies during a downturn brought on by a supply-demand imbalance.
Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.
The report is the first of several analyses of the additive’s performance in three core basins, with this one focusing on the Greater Wattenberg area of Colorado’s Denver Julesburg Basin.
An analytics firm forecasts more than 4 million hydraulic horsepower, which equates to about 25% of the overall frack supply, will be cold-stacked in the U.S. alone next year.
The increase is due to improved completion practices in the Eagle Ford and D-J Basin and the accelerated ramp-up and early performance of Big Bend and Dantzler in the GoM.