Calculating Benefits of Advanced Stimulation Technologies (SPE 37934)

Summary

At GRI study demonstrated that higher conductivity fractures produced 18 BCF more gas than sand fractures (225 MMCF per well).   The study further demonstrated that a fracture treatment “optimized” for the median formation permeability resulted in a significant loss of potential revenue when higher permeability streaks were unexpectedly contacted.  

Abstract

This paper describes a four-step methodology developed to quantify the benefits of advanced hydraulic fracturing techniques. Three case studies illustrate application of this methodology in a variety of study sizes to quantify the benefits of fracture treatment optimization, fracture treatment quality control, and on-site fracture treatment diagnostics and real-time analysis. These benefits result from increased production, completion/stimulation cost savings, or some combination of both. Benefit-To-Cost ratios are 3:1 to 5:1, and the largest study indicates the technology benefits may be derived from as few as 10% to 20% of the technology application wells. Technology benefits are sometimes location dependent: a specific technology may be significantly beneficial in one area but not cost effective in another area of the same field. This paper outlines the documentation of $19 million in benefits on 105 AST wells.

Author(s): G.W. Voneiff, C.W. Hopkins, S.A. Holditch & Associates, Inc.; D.G. Hill, Gas Research Institute

Paper Number: SPE 37934

URL: https://www.onepetro.org/conference-paper/SPE-37934-MS

 

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