Take the guesswork out of finding the balance between capital cost savings and productivity. See how two leading E&Ps followed similar spacing strategies with drastically different results. By taking a complete look at their operations, Operator A saw an additional impact of $28MM over Operator B.
Operator A saw 400% better NPV performance
Why did Operator A outperform Operator B?
By looking at a full set of factors like well spacing and proppant use, Operator A outperformed Operator B by 128k barrel (bbl), an additional impact of $28MM. Operator B is leaving money on the table even while downspacing because they are not optimizing their proppant use.
Operator A and Operator B consistently downspaced over the last 5 years, landing at a spacing of 550 feet.
Although their spacing is identical at 550 feet, their proppant use varies from 1000-1250 to 1500-1750 pounds of proppant.
Finding optimal spacing is one of the biggest challenges oil & gas operators face today.
See how we used comprehensive well spacing analysis to find the right balance of capital cost savings and productivity by analyzing the Lower Spraberry Shale in Martin County, TX.