May 19, 2022


Description

Extrapolation of conventional paradigms to unconventional reservoirs can lead to disappointment and poor performance. Careful analysis of the reservoir and application of the correct stimulation design is critical when dealing with marginally economic developments. This includes adequate characterization of the reservoir and an understanding of the factors that control flow capacity and deliverability.

One of the biggest practical problems with unconventional stimulation design optimization is estimating post-fracture rate, production decline and ultimate recovery. Without a realistic prediction of the decline resulting from a given completion it is impossible to assign value to one design over another and equally impossible to optimize the treatment for whichever goal is sought, either acceleration of recovery or increase in reserves.

It is often the first – inadequate reservoir characterization – that leads to the second – unrealistic post-treatment predictions. For instance, assuming core-derived permeability fully represents the reservoir’s total flow capacity or that stimulated reservoir volumes represent the effective producing volumes, can lead to incorrect diagnosis of the reservoir capability and consequently, lead to an inefficient treatment design.

This paper presents methods for production forecasting that give reasonable post-treatment predictions that have been found useful for economic planning. The proposed methodology, backed by field observations and laboratory work, provides an economically viable plan for optimizing lateral length, fracture spacing, and treatment design. The methodology focuses on the post simulation effective reservoir volume. Results show that increasing apparent fracture length rarely impacts long term recovery. Likewise, adding more fractures within the same reservoir volume may increase early time production rate (IP) and decline rate, without contacting more reservoir volume or adding to long term recovery. Such practices lead to acceleration of reserve recovery, which has economic value and should be considered in the design process but does not increase the well’s ultimate recovery once a sufficient number of fractures are in place. The economically preferred completion designs may be more driven by the net present value derived in the first five years of production rather than focusing on 20-50 year EUR’s. This period represents most of the useful economic life of the well, can be estimated more accurately from early performance and therefore is a good benchmark for completion optimization.

 

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Featured Speakers

Speaker Robert D. Barree, Ph.D., P. E.

Dr. Robert D. Barree (PE, Colorado; B.S. Petroleum Engineering from Penn State; Ph.D. Petroleum Engineering from Colorado School of Mines) is a Halliburton Technology Fellow (Production Enhancement), specializing in hydraulic fracture design and simulation, with more than 40 years’ experience in the industry, and more than 75 technical publications.
 
He was …

Dr. Robert D. Barree (PE, Colorado; B.S. Petroleum Engineering from Penn State; Ph.D. Petroleum Engineering from Colorado School of Mines) is a Halliburton Technology Fellow (Production Enhancement), specializing in hydraulic fracture design and simulation, with more than 40 years’ experience in the industry, and more than 75 technical publications.


 


He was president of Barree & Associates consulting firm from 2000-2018 and was a Senior Technical Consultant at Marathon's Petroleum Technology Center until 2000, specializing in advanced core analysis and integration with petrophysics and numerical simulation.


 


He is the developer of fracture diagnostic procedures (DFITs) and is the primary author of the fully three-dimensional hydraulic fracture simulator GOHFER. The SPE/AIME awarded Dr. Barree the Anthony F. Lucas Gold Medal in 2018 and appointed him SPE Distinguished Member.

Full Description



Organizer

Prithvi Singh Chauhan


Date and Time

Thu, May 19, 2022

noon - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

Online Meeting Link will be sent to registrants



Group(s): Reservoir