[SPE Workshop] Interplay of completions, spacing, and depletion in the Midland and Delaware Basins: A causal modeling approach

Interplay of completions, spacing, and depletion in the Midland and Delaware Basins: A causal modeling approach

15–17 April 2024 | Hyatt Regency Tamaya, Santa Ana Pueblo, New Mexico

Kiran Sathaye – Solutions Director @ Novilabs

Join Solutions Director Kiran Sathaye as he unravels the complex interplay between completions, spacing, and depletion in the prolific Midland and Delaware Basins. Using a causal modeling approach, this presentation offers deep insights into the factors shaping production outcomes in these dynamic oil and gas regions.

AGENDA
• Forecasting horizontal wells impacts the important questions for our industry
– capital allocation, takeaway, inventory
• What are the challenges for forecasting going forward?
• What are the advantages and drawbacks of a data science based
approach to forecasting?
• Midland Basin example: forecasting a depleted pad with few obvious
nearby analogs
• How do forecasts compare to core Midland Basin examples?

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