Austin, TX (September 24, 2019) – Enverus, the leading oil and gas SaaS and data analytics company, has released a new report in its FundamentalEdge series highlighting the importance of well spacing utilizing more than 300 comprehensive attributes in its calculations. Decisions on optimal well spacing are multidimensional and are a function of numerous geological, engineering, operational, and economic variables. “Well spacing is complex and incredibly important in today’s current free cash flow era,” said Sarp Ozkan, Energy Analysis Director at Enverus. “As documented in this report and the case studies supporting it, understanding well spacing is like peeling back an onion. It is far more complex than something that can be understood by a single distance measurement. An inaccurate, simple spacing metric has ripple effects across all parts of the industry,” he said. The report addresses some of the biggest challenges for U.S. onshore field development and points to various case studies indicating how proper spacing may result in less drilling, but more hydrocarbon production. Also, at the forefront of the industry, is the impact of parent-child well development and well interactions, raising questions about neighboring wells interacting with each other, potential degrading well performance, and offset well interference… continue reading
Continue reading Grasping the Importance of Spacing and Parent-Child Well Relationships Emerging as Make-or-Break Distinction in Today’s Free Cash Flow Era. This article appeared first on CTRM Center.
Source: CTRM Center