In today’s oilfield service industry, it’s not what you make that counts. It’s what you keep. This challenge is particularly acute for smaller to medium-sized companies that might lack the organizational infrastructure and deeper pockets of the industry’s largest players. In this Special Report, you’ll learn how seven common mistakes rob these companies of sales and profits, cripple their Return on Investment and reduce the economic value of the enterprise. Just as important, you’ll learn how smart companies use sound operating processes and business software to fix their Sins and reap the rewards.
Are you exploring all avenues to enhance operational productivity, efficiency and safety at your plant? Statoil is. Their goal of production optimization through data management provides the basis for key decisions to improve plant operations. Download this article to learn how Statoil introduced one standard solution for storing and presenting process data to achieve cost savings and simplification.
A number of often intertwined issues can complicate the effective design of a hydraulic fracture program, and in the process, restrict maximum reservoir drainage and returns from multi-fractured horizontal shale and equally low permeability formations. However, as we demonstrated in an in-depth engineering evaluation of a three-well pad in the Utica/Point Pleasant unconventional play, largely underutilized analytical methodologies, such as production history and frac pressure matching, open the door for alternative completion designs that deliver more uniform fracture coverage with corresponding increases in production and economic returns.
Technological and operational improvements have made it possible to drill longer laterals and complete wells with higher stage counts and fracture intensity. However, limitations of wireline and coiled tubing used to deploy plugs and perforate casing can prevent the toe stages of extended reach laterals from being effectively stimulated. This paper describes some of the completion solutions available that can help improve operations by mitigating risks that can lead to unplanned nonproductive time, cost overruns and lost production.
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