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As Permian Basin E&Ps increasingly turn their focus to unconventional plays such as the Wolfcamp, Bone Spring, Spraberry and Cline, geologists and geoscientists working in the area...
Operators working in unconventional plays across the US, including the Bakken, Eagle Ford, Permian Basin and Marcellus, have seen cost-reductions of up to 15-30% by adopting multi-well pad...
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For any company involved in the Woodford, from acreage owners to companies in the exploration stage to those commercially producing, planning ahead to ensure optimal production economics is commercially vital.
Operators have been drilling in the Woodford shale play for almost 10 years, but with new gas and liquid rich areas within the formation emerging more recently, such as the Cana Woodford (particularly the SCOOP), the formation is seeing a significant upturn in interest from both suppliers and operators across the US. Recent production results from Woodford operators include announcements of year on year increases of up to 123% in boe produced (2014), with midstream companies also seeking to capitalize on new opportunities; signaled by a new 250 mile gathering pipeline being announced in June this year.
The producers, the midstream companies and the investors are bought into this play. The Production professionals however, are of course key to making sure play is economic via optimal artificial lift and chemical treatment techniques. With such potential at stake, it has never been more commercially critical to examine how to prolong the production cycles of Woodford wells to ensure the long- term commercial development of the play.
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