Oil and Gas 360
According to a recent study of data from oil and gas wells in Texas, accounting heavy-weight Deloitte suggests that Eagle Ford and Permian Basin shale operators could generate capital efficiency gains of 19% and 23%, respectively, if they were to fully optimize their well designs.
Source: Reuters
The Deloitte study, entitled “Deciphering the performance puzzle in shales: Moving the shale revolution forward”, performed meta-analysis of 80,000 wells in the Permian and Eagle Ford basins. The data revealed that up to 67% of completions were either over, or under-engineered and that better well optimization could increase financial returns of as much as $24 billion for shale drillers.
“The findings clearly show t...
