Jabbar + 465 JN December 1, 2019 (edited) Not all fractures created equal Technical Engineering Reservoir Modeling Article. https://pubs.spe.org/en/jpt/jpt-main-page/ https://pubs.spe.org/en/jpt/jpt-article-detail/?art=6240 Shale going bust laughable. Shale and actually whole energy industry going thru transition. That is not to say over half of today's producers will not be gone in a year or two. They will. DOUBLE YIELD 10% TO 20% During Investor Day Conoco discussed how they used 5 technologies to double yield. It is primarily based on (1) CORE SAMPLING, (2) ADVANCED SIESMIC TECHNIQUES /AMALYTICS, and (3) PRESSURE CONTROL. (4) They have also stated that they solved the stack and well spacing (parent/child) deleima and are able to drill 12 to 16 wells per section. Conoco champions 5 TECHNOLOGIES to achieve greater productivity. Conoco recent Investor Day Presentation stated they are doubling yield from 10% to 20% at their pilot test wells and . . . . . . . . they said they can do even better (> 20%) ! ADDITIONALLY THEY ARE REFRACING ALL VINTAGE 1 AND Vintage 2 WELLS (2009 thru 2015) WITH COST BELOW $30 BARREL. TRANSITION / CONSOLIDATION All those producers that survive the Consolidation and Transition will be using these new 5 technologies This in effect is doubling reserves and cutting costs by as much as half. Shale slows 2020 . . . gets second wind 2021. Decades of shale productivity. How long increasing crude oil demand ? What I do know . . . . it's NOT decades. Edited December 10, 2019 by Jabbar 3 Quote Share this post Link to post Share on other sites
D Coyne + 305 DC December 3, 2019 Jabbar, Great paper, thanks! 1 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,177 er December 3, 2019 Most interesting!! thanks 1 1 Quote Share this post Link to post Share on other sites
Douglas Buckland + 6,308 December 4, 2019 Conoco champions 5 TECHNOLOGIES to achieve greater productivity Okay, once again you mention new technologies which will miraculously save the shale oil industry. This time tou have highlighted 5. Could you please list these 5? 1 Quote Share this post Link to post Share on other sites
Jabbar + 465 JN December 5, 2019 (edited) On 12/3/2019 at 9:20 PM, Douglas Buckland said: Conoco champions 5 TECHNOLOGIES to achieve greater productivity Okay, once again you mention new technologies which will miraculously save the shale oil industry. This time tou have highlighted 5. Could you please list these 5? No, not miraculous. I don't believe in miracles. It's science and geological engineers. Wrong I haven't highlighted 5. Conoco listed and discussed the 5 technologies. Listen to their investor day presentation. The section on "Lowered 48" section. Edited December 10, 2019 by Jabbar Quote Share this post Link to post Share on other sites
Douglas Buckland + 6,308 December 5, 2019 Okay, fair enough. I see four listed, not five. No NEW technology is defined and presented in detail and there is nothing except their say so that the parent/sibling well spacing issue has been resolved. I have not seen anything in the journals on this. So once again, some nefarious ‘technologies’ are going to save the shale game....bullshit! Quote Share this post Link to post Share on other sites
Rob Plant + 2,600 RP December 5, 2019 32 minutes ago, Douglas Buckland said: So once again, some nefarious ‘technologies’ are going to save the shale game....bullshit! Damn it man stop sitting on the fence and tell it like it is!🤣 1 Quote Share this post Link to post Share on other sites
Jabbar + 465 JN December 5, 2019 1 hour ago, Rob Plant said: Damn it man stop sitting on the fence and tell it like it is!🤣 Apparently Douglas believes Conoco CEO is in a conspiracy with Chevron, Exxon and Occidental CEOs to perpetrate a fraud on the world to boost their stock price. U.S. production 12.9 million barrels day week ending Nov 29 1 Quote Share this post Link to post Share on other sites
D Coyne + 305 DC December 10, 2019 On 12/5/2019 at 6:20 AM, Douglas Buckland said: Okay, fair enough. I see four listed, not five. No NEW technology is defined and presented in detail and there is nothing except their say so that the parent/sibling well spacing issue has been resolved. I have not seen anything in the journals on this. So once again, some nefarious ‘technologies’ are going to save the shale game....bullshit! Douglas, Have you read Raterman et al (2019)? I have not, but you might have access to the conference paper linked below (July 2019). https://onepetro.org/conference-paper/URTEC-2019-263-MS?sort=&start=0&q=urtec+263&from_year=&peer_reviewed=&published_between=&fromSearchResults=true&to_year=&rows=25&_ga=2.159521661.1959711855.1575982083-1381697142.1572037098#> 1 Quote Share this post Link to post Share on other sites
Jabbar + 465 JN December 10, 2019 (edited) On 12/5/2019 at 6:20 AM, Douglas Buckland said: So once again, some nefarious ‘technologies’ are going to save the shale game....bullshit! "nefarious" ? Edited December 10, 2019 by Jabbar Quote Share this post Link to post Share on other sites
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