HAVE A REFRACTURING STORY TO TELL?
"Given how early in the day it is for refracturing and the very little information available on it, what the industry needs more than anything right now is to have as many companies as possible that have tried anything to do with refracturing, to get up there and say 'here is what I've tried and here are the results', whether it was good or bad, just to kind of show the operation from start to finish, how it has been done, the different techniques they've used and the results they've seen from them"
This event has been designed with the sole purpose of bringing to light as much information as possible on recent refracturing efforts. If you have an exciting break-through to share or a case study that has aided in identifying parameters that have led to the success or failure of a particular refrac, we would like to welcome your contribution and will work with you to integrate it into the existing agenda.
WHO SHOULD ATTEND:
- Shale Operators
- Fracturing Service Companies
- Anyone currently looking into the viability of refracturing existing wells
With The Following Job Titles:
COOs, VPs, Directors, Heads, Managers And Superintendents Of...
- Reservoir Engineering
Plus Suppliers Of:
- Integrated Completions Services
- Isolated Refracturing Tools
- Divergents (Chemical & mechanical)
- Real time monitoring (e-coil, fiber optics)
- Post refracturing diagnostics servies
- Energized Frac Fluids
- Packer Systems
- Chemical Tracers
- Fracture Modelling Software
- Friction Reducers
Speakers Showcasing Results From Recent Work Include:
CONSOL Energy Inc
Senior Reservoir Engineer
Lower 48 Onshore, BP America Production
Domestic Energy Resources LLC
Centennial Chair In Petroleum, Geosystems & Chemical Engineering
University Of Texas Austin
Tech Manager - Fracturing
What The Industry Have To Say About Refracturing:
"If the concept of refracturing could be cracked, it could ultimately save the shale business"
"This will be incredibly powerful information for all operators out there trying to save the economics of their operations"
"You want to talk about the next step to increasing production without increasing costs? Refracturing looks great."
"Refracturing could cost around about $1 million per well, compared with about $12 million for drilling new a new one"
"The future of fracking is refracking"
"It would be something interesting to see in a conference just because at this price we can't afford to drill new wells... If you can recomplete, make 20% more oil, it's a whole new ball game..."
"The real issue is zone isolation and how you can isolate... Frack one zone, isolate it and go on to the next one. And that's really what the secret is and how you do that at this point in time is just kind of an unknown."
"Until people can be confident of some effective method of diversion or isolation, they run too high a risk of essentially destroying value by spending money that you can't be sure you can get a return on. We need to see the progress different companies have made in their research and their tests, in overcoming these technical challenges."
Given the above sentiments, it is no surprise that refracturing is at the forefront of every shale operator and service company's mind across North America. With no additional drilling or infrastructure costs, refracturing could potentially be the answer to operators maintaining economic margins in the current low-price environment.
While conceptually sound however, doubts remain across the industry as to whether or not refracture operations to date have demonstrated sufficient operational success and economic viability for operators to be confidently convinced that refracturing is the way forward.
The Refracturing Optimization: Results & Technology Showcase 2015 has been designed through an industry collaboration, to bring together as much tangible results-driven information as possible under one roof, and enable operators to understand if pilot tests have demonstrated the ability to effectively isolate the zone, if refracturing has in fact proven through production results to be more cost-effective than drilling a new well and ultimately if refracturing should be the main strategy for oil & gas producers going forward.
The one-day showcase on July 30, 2015 will be comprised of two main parts:
REFRACTURE PILOTS: RESULTS AND TECHNOLOGY SHOWCASE
Analyzing Results From Latest Refracturing Pilots And R&D Projects To Understand If Any Operational Best Practices For Designing And Executing An Effective Refracture Have Been Established
Understanding The Technological Advancements That Have Been Made To Overcome Existing Diversion And Isolation Challenges And Optimize The Efficiency And Success Rate Of Refracture Operations
This one-day results & technology showcase on July 30, 2015 will be complemented with a training course instructed by Tim Leshchyshyn, President, FracKnowledge on July 29, 2015.
The Refracture Optimization: production Results & Technology Showcase 2015 will be....
...bringing together under one roof, for the very first time, data from latest case history results, technological advances in refracturing tools, cutting edge R&D projects along with subject matter experts, to equip operators will all the available information to answer the industry's number one question:
"Is there sufficient evidence to validate the ability of refracturing to significantly improve the economic margins of existing shale wells when operators can no longer afford to drill new ones?"
There has been very little evidence to date about the successes and failures of refracturing and the parameters associated with those successes or failures, making it next to impossible for operators to evaluate the feasibility of using refracturing as a means to increase production whilst keeping costs low.
This will be the first event to showcase under one roof, a combination of the latest case study results, forward thinking research and latest refracturing technological advancements to enable operators to understand:
a) What makes a well a good candidate for refracturing
b) If any operational best practices for refracturing have been established to date - is there an optimal way to technically execute an effective refracture?
c) What kind of production results have been seen from available pilot programs and research & development programs to verify the operational success and economic viability
d) If there are any technological advancements that have managed to increase the success rate of refracture operations