Infill Thinking Lifting the O&G knowledge curve
While the rest of the world focused on OPEC on November 30, US operators were focused on making their tight oil wells more effective with cutting edge innovation.
We spent OPEC day in Houston with 35 senior US completions executives at the Darcy Completions Forum, squarely focused on emerging technologies to optimize unconventional completions.
Part science fair, part Shark Tank, the forum hosted by Darcy Partners was a powerful intersection of innovators and end users.
11 shale tech start-ups hand-picked from across the globe presented new completions concepts to a room full of majors and independents, who then discussed and analyzed use cases and potential.
Technologies in various stages of commercialization ranged from pre-design data to fracture effectiveness sensing to better analytical models.
We will share more in-depth observations from the day with InfillThinking.com readers over the next few weeks, but here are a few quick impressions:
- Promising new science is being introduced at price points low enough to allow application to larger well populations by operators instead of just every 100th experimental well.
- Scalable science is likely to drive future step changes in unconventional completions optimization.
- Because of low costs and modular design, combinations of new solutions in a portfolio approach by operators could generate a multiplicative uplift in well design.
- The importance of collaboration between operators and vendors to effect technological change was on display.
- Also on display was an intense operator thirst for good new ideas and emerging technologies.
There’s a lot more to this story…
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