Operators across the Lower 48 continue to deploy innovative redevelopment techniques to increase their production to stifle the decrease in high-graded new drill inventory. Some of the techniques included refracturing existing wells, drill-over of legacy wells, horseshoe wells and tight infills.
Recently, Enverus ranked top wells from 1H23 by production volumes over the first three months per 1,000 ft of lateral across several basins in North America. In the Eagle Ford oil window, the four top-ranked wells were all tight infill child wells drilled with a horizontal spacing of 300-350 ft and having parent wells that were on average six years older. Seven of the top 10 wells were tight infills. The success of these tight infill wells has provided Eagle Ford operators with a second chance to develop their assets, a luxury that Bakken operators do not have because of significant differences in the petrophysical properties between the two plays.
In 2024, Enverus Intelligence® | Research expects these late-life development strategies to be top of mind for operators in the Eagle Ford, Bakken and Haynesville. There is no blanket answer for which redevelopment technique is the right choice. Enverus clients leverage our high-end predictive and prescriptive analytics to inform their decision on which is the best action for their unique assets. To learn more, please visit Enverus.com or reach out to [email protected].
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