Sept. 21, 2022


Description

 

A frequently heard concern is that refracs cannot compete with new well economics, however, to-date there have been no published studies that verify this assertion with actual refrac results.  A total of 56 single well leases were analyzed from public data in the Haynesville and 84 single well leases in the Eagle Ford.  EURs were extrapolated using the Arps method with actual post-refrac production data and forecasted declines out to 30 years.  Economics were run using measured and extrapolated data employing operators’ price decks.  Haynesville economics were run based on a $6MM AFE and Eagle Ford economics were run based on a $4MM AFE for liner refracs.  A full-cycle P50 NPV that includes infill child well protection was $13MM for the Haynesville vs a P50 NPV of $20.2 MM for a new drill.  The Eagle Ford full-cycle P50 NPV was actually $2.9 million higher than for a new drill.   In addition to the competitive rates of return, refracs have the advantages of lower up-front capital cost, fewer operational issues that rely on functioning supply chains, and a significantly lower carbon footprint than new wells that need to be drilled prior to completion. 

 

 

Featured Speakers

Speaker Bob Barba, President, Integrated Energy Services

 
Bob Barba has 40 years of practical experience in the petroleum industry as an openhole wireline engineer, product development manager, petrophysicist, and completion optimization advisor.  His focus has primarily centered on integrated reservoir characterization studies, completion optimization studies, rock mechanics analyses, and horizontal well field development projects.  He has extensive …

 


Bob Barba has 40 years of practical experience in the petroleum industry as an openhole wireline engineer, product development manager, petrophysicist, and completion optimization advisor.  His focus has primarily centered on integrated reservoir characterization studies, completion optimization studies, rock mechanics analyses, and horizontal well field development projects.  He has extensive experience in both conventional and unconventional reservoirs. He is a past SPE Distinguished Lecturer on the optimization of completion designs using petrophysical and reservoir engineering inputs. Bob received the Regional Formation Evaluation Award for the SPE Southwest North America Region (Permian Basin) in May of 2018. He currently teaches the refrac optimization, openhole log analysis, and organic shale petrophysical analysis courses for Subsurface Consultants and Associates. 

Full Description



Organizer

Chad Senters

Event Contact Email:  Chad.Senters@corelab.com


Contact Phone #: (405) 312-9239  


Registration and payment must be completed in full to guarantee attendance.  An individual with an incomplete or unpaid registration will be considered as a walk-in attendee and only admitted as space permits. 


Date and Time

Wed, Sept. 21, 2022

11:30 a.m. - 1 p.m.
(GMT-0500) America/Chicago

Event has ended

Location

Core Laboratories Inc. Auditorium

6323 Windfern Road
Houston, TX 77040

 



Group(s): Westside