After the Great Coronavirus Shut-In, Vista Oil & Gas turned back on their new Vaca Muerta pad. A pleasant surprise greeted them. Their oil and gas machine learning model showed the highest production the play had ever seen. Both the MDM-2063 and MDM-2061 wells produced over 2,000 bbl/d on average for the month, with peak […]
Well Completions
The Changing Impact of Oil Well Design Completions Through Time: URTeC 2020 Novi Paper Summary
“Upsizing well completions increase production 37.5%*!!!” Sure, but when? Where that asterisk lands will have a huge impact on the returns of oil well design completions. If it’s Peak Rate, that might shorten payback. If it’s EUR — now you might have a real valuable well. Oil and gas machine learning models can be trained […]
change of plans: how QEP could optimize returns in their Midland asset in a low-price environment
Should QEP change its development strategy in this lower price environment? Using our machine learning models and Novi software we analyzed QEP’s Midland Asset development plans to determine the best plan going forward. Based on evaluation of the data, QEP should consider: Downsizing completion designs in primary zones. Discontinuing development of non-core zones. How much […]
oil and gas well spacing and completions: untangling complex interactions with machine learning
How much of the oil & gas industry’s recent underperformance comes from misapplication of large completions designs with tight spacing configurations?