The Journey To Designer Wells

As oil prices drop and shale operators around the U.S. sweat, one statistic sticks out from the 2014 DUG Eagle Ford conference—the open admission on stage by one of the largest energy services companies that “60% of all fracture stages are ineffective.” The presenter continued by asserting that a “step change” in completions and productivity is needed to sustain the unconventional energy revolution.

Such declarations shouldn’t surprise anyone in the oil and gas industry, although it is important to place them in context. Our industry’s use of terms such as “shale manufacturing” and “factory wells” begs the question: Can any factory operate profitably when three of every five products it makes are defective? This state of affairs is unsustainable—no pun intended—over the long term.

CLICK HERE to read the rest of this Oil & Gas Investor Magazine article co-authored by Atanu Basu, Daniel Mohan, Marc Marshall and Glenn McColpin

Daniel MohanThe Journey To Designer Wells

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