Integrated Petroleum Technologies

Transcription

1 Integrated Petroleum Technologies Experience, Innovation and Value... Because your success matters

2 IPT offers the industry our relentless commitment to excellence that yields the highest quality of service and thus provides you the best possible well results... IPT supervised over 15,000 frac stages since 2010, with the majority of the work occurring in challenging horizontal wells in unconventional reservoirs. This experience ensures that downtime will be minimized and your stimulation designs are properly implemented. IPT is a professional; totally results oriented engineering services company managed by highly skilled practicing petroleum engineers. This means that with a single call you can access experts with extensive operator and service company experience, and add a powerful ally that will partner with you to leverage your ability to reduce costs and significantly enhance performance. IPT s independence puts experts in your corner who are motivated to provide you with excellent service and unbiased assessments of all aspects of your operations.

3 IPT supervised over 15,000 frac stages since 2010, with the majority of the work occurring in challenging horizontal wells in unconventional reservoirs. This gives you the edge through our breadth of experience, allowing you to minimize downtime and ensuring that what you design for is what goes into your wells. Ever progressive, IPT further enhanced its capabilities by acquiring Peterson Energy Management based in Loveland, Colorado. This strategic acquisition positions IPT as the most comprehensive well supervisory company in the industry. This powerful combination of expertise and capability gives our customers a true ally in helping streamline operations and minimize costs. IPT s comprehensive slate of engineering and field supervision experience gives you the ability to tap into those skills with a single call, and puts those resources at your disposal to maximize the effectiveness of your own resources.

4 Drilling engineering Permitting and regulatory compliance assurance Completion engineering Wellsite operations supervision Hydraulic fracturing engineering Reservoir engineering Integrated optimization studies Fracture geometry modification Unplanned events Delays related to logistics Reducing the cycle time Productivity variances Inconsistent delivery of jobs Water issues Understanding how a completion method works and validating its performance Sub-optimization due to strict adherence to a factory plan Sourcing of expertise in a one-stop shop

5 Tekton Energy LLC wanted to minimize the time on location to drill a five well pad in the Niobrara play, but also needed to cut cost. Taking a page from our experience in the basin and with local contractors we implemented the following: Provided well planning and procurement of key equipment and services By sourcing a fit for purpose rig cycle times were reduced Implemented batch drilling process Provided special incentives for the contractors to enhance performance Challenge met! Drilling time per well reduced from 17 day to 10.2 days with a net cost savings of 20%, cutting approximately $400,000 from original AFE.

6 An operator in South East Wyoming needed to design and implement economic completions in a reservoir with possible directional permeability (e.g. Niobrara Formation) IPT engineers did extensive analysis of area wells and came to the following conclusions: Effective fracture half lengths of wells in the study area are very short (<35 ) Analysis of production histories of typical wells indicated that linear reservoir flow drainage widths were on the order of 210 Completion designs were adjusted to include down spacing of entry points from traditional norms Accurate system permeability measurements indicated that treatment volumes per stage could be significantly reduced. This plan view figure indicates a horizontal wellbore drilled oblique to the directional flow units within a reservoir. In this case hydraulic fractures were induced at a spacing that is too long to effectively drain the reservoir due to the direction nature of the reservoir.

7 This graph shows the impact of altering the design of an offsetting well to optimize the spacing of fractures along the lateral to maximize the effectiveness of the fracs within the direction flow units of the reservoir. Challenge met! By applying advanced engineering techniques to existing well data, IPT s recommended changes were adopted by this operator and they achieved a 2.5 fold increase in productivity versus offset operators in the same area.

8 High Sierra Water Services, the largest commercial underground injection control company in the state of Colorado contacted IPT to permit, design and drill water disposal wells in the Wattenberg Field while keeping costs low. IPT engineers re-imagined what was required from the client and applied an innovative solution to this challenge by: Creating a well plan for a deep (10,100 ) high capacity saltwater disposal well utilizing a slotted liner. Unique design complied with regulatory requirement to allow for catching samples from each zone injected into Slotted liner approach allowed for dramatic increase in hydraulic contact area IPT also provided additional plans for future expansion of facility via high deviation directional wells drilled from the same surface location Challenge met! Innovative design and implementation allowed for a 400% increase in statutorily dictated injection volumes while also facilitating substantially lower injection pressures, thus improving efficiency and lowering costs.

9 A mid-continent operator was following local tradition in their Granite Wash completions and were thus committed to using water frac technologies as their stimulation method. Owing to local drought conditions and increased water costs they were having difficulty meeting water use requirements, cost aspects and production targets. Their challenge was to reduce overall water usage while maintaining productivity without increasing overall costs. Extensive analysis of production from the operator s horizontal wells completed with slick-water revealed the following: Slick-water treatments were yielding frac half lengths of approximately 50 Applying local knowledge to the area, IPT engineered new designs that accounted for the directional permeability endemic in the Granite Wash to allow frac access to more of the reservoir Designing small fracs that effectively communicate these linear flow units was the key differentiator utilizing small crosslink treatments treatments Smaller crosslink fracs require considerably less water than equivalent slick-water jobs Treatment Design (Type) Perm (md) Effective Fracture Half-Length (ft) Entry Point Spacing (ft) Effective Drainage Width (ft) Slick Water Crosslink Crosslink gel Crosslinked gel application 120 ft entry point spacing Slick water/linear gel, 100 ft entry point spacing Challenge met! The operator implemented IPT s design for smaller crosslinked gel fracs and achieved water savings of 300%. Production was maintained at or above previous levels, and the overall costs for their completions were reduced.

10 IPT understands what drives your success, and our technical know-how and experience applied in creative ways delivers innovative solutions. A closer look at the core of IPT s capabilities reveals expertise in the following areas of production enhancement and reservoir understanding...all directed toward making you better wells. Database of 60,000+ frac jobs globally Over 15,000 treatments since 2010 Diagnostic Fracture Injection Test (DFIT) expertise Injection/Falloff analysis Post treatment production analysis to determine treatment effectiveness to improve future wells Pre-job coordination with the service company Fluid system design and verification Quality and functional testing of all mechanical and electrical systems on-site Liquid additive system calibration verification and review of rig-up configuration Real-time job monitoring/interpretation via Fracpro Post treatment inventory and field ticket review Completion and Hydraulic Fracturing Stimulation Specialists Permeability thickness/stimulation level determination Reservoir drainage geometry Identification of dominant producing mechanisms Integrating operations and reservoir evaluation models Optimized horizontal well completion design Entry point spacing/fracture half-length optimization Production predictions Bracketed solutions by reconciling gridded finite element and finite difference models

11 Well completion practice/configuration Fracture mechanics Fracturing technique Reservoir character Field implementation Optimized economic results Separately all of these areas of excellence add value when combined, they offer innovative solutions that drive results to your bottom line.

12 Permitting & Regulatory Reporting... improves efficiency and regulatory compliance INTEGRATED PETROLEUM TECHNOLOGIES, INC Cole Boulevard, Suite 200 Golden, Colorado, USA Phone: Well Construction Design & Drilling Supervision... optimizes well placement and rig efficiencies Wellsite Completion & Stimulation Supervision... assures design conformity via operational oversight Reservoir Evaluation & Optimization Strategies... yields maximized ROI for invested dollars