The State of the Industry of Drillbit Geomechanics

Transcription

1 The State of the Industry of Drillbit Geomechanics

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3 Value Proposition of Drillbit Geomechanics In Situ Rock Properties Along All Wells allows Operators to Optimize Completion Designs Improved completion through optimized placement of stage boundaries and perforations Characterize Their Reservoirs at High Resolution Determine frac barriers, ideal landing zones, well spacing and sweet spots Complete Fracture Identification and Thin-Bed Analysis High resolution rock properties determine where fractures exist along horizontal wells and improved reservoir estimation through thin beds analysis Improve Field Development Planning Understanding lateral heterogeneity improves depletion models, reservoir models, and well spacing Apply NOV s Drilling Optimization Services Using the same data collected for DrillBit Geomechanics, NOV can optimize drilling parameters to reduce drilling days and dysfunction Fracture ID will get this data while Costing zero rig time Reducing open hole risk Replacing the need for expensive and risky wireline and LWD

4 Current Business Over 150 wells in: Delaware Midland Anadarko San Juan Eagle Ford Williston DJ Powder River Appalachian Arkoma 37 Clients to date including Devon Energy Cimarex Energy Hess Corp Lario O&G Continental Resources East Management FourPoint Energy Encana Corp Liberty Resources Noble Energy WPX Energy Anschutz Corp Unit Petroleum Rock Oil Company Bravo

5 Drillbit Geomechanics Validation Eagle Ford Fractures Below you can see a comparison between Fracture ID s rock properties (all increasing to the right) and the actual core images. In this example Fracture ID data was collected while coring took place. Fractures can be seen at 196 and 198 ft.

6 Drillbit Geomechanics Validation Eagle Ford Parasequences Below you can see a comparison between Fracture ID s rock properties (all increasing to the right) and the actual core images. In this example Fracture ID data was collected while coring took place. A 3.5 ft parasequence can be seen from 262 to ft.

7 Drillbit Geomechanics Validation Eagle Ford Thin Beds Below you can see a comparison between Fracture ID s rock properties (all increasing to the right) and the actual core images. In this example Fracture ID data was collected while coring took place. Thin beds can be seen throughout.

8 Drillbit Geomechanics Validation The Lab While much of the assumptions Drillbit Geomechanics applies have been lab tested in the 1960 s, Fracture ID took it upon itself to test different bit configurations and accelerations up to much higher frequencies. The results are conclusive and will be available as a white paper in the future.

9 Completions Optimization Midland Basin Rock Mechanical Data Stress Balanced Completions Design Total Stress (red = high -> green = low) Perf Clusters Stages ft Geometric Completion 48.5% (165/340 clusters) 600 ft Stress Equalized Completion 62.0% (204/329 clusters)

10 Reservoir Characterization Core Lab Partnered Consortium Horizontal Reservoir Characterization Consortium Midland Basin to Start Determine the effects of geologically-informed perforation strategies on production Statistically investigate correlations between geology and hydraulic fracture treatment Update and extend established local and regional petrophysical models Produce 3D geologic data for input to earth models Collect high resolution horizontal well data in Midland Basin Wolfcamp Wells for integration into Core Lab s Midland Basin Joint Industry Project (JIP) database of vertical well data

11 Reservoir Characterization - Arkoma

12 Optimized Well Spacing N Well 1 Well 2 Well 3 1,000

13 Optimized Well Spacing

14 NOV s Drilling Optimization Services Tiered optimization service offering that delivers performance and value to the customer at all tier levels INFORM StringSense topdrive DAQ system 24/7 Real-Time Technology Center support Data analytics and reporting Rig performance monitoring Data integration and management ADVISE Pre-well planning and BHA design Post-well analysis using BlackBox downhole data Formation and depth-based parameter roadmaps Evaluation of drilling dynamics and dysfunctions CONTROL Basic level for drilling automation NOVOS apps integration Hardware and software for enhanced control and performance DrillShark SoftSpeed II AUTOMATE Closed-loop automation with downhole data Dashboards with real-time analytics IntelliServ high-speed telemetry BlackStream EMS, ASM, MWD Drilling applications

15 Thank You Operator Comments "With Fracture ID we have found a high resolution, repeatable tool to directly measure rock properties and variability along our wellbores. Using this data led to confirmation of best practices regarding geo-engineering our completions, accelerated our understanding of a new basin, and has provided a resolution no other technology has been able to deliver. Paul Weddle Completion Manager Liberty Resources, LLC Acquiring data with Fracture ID is one of the best applications of a new technology that I have experienced in the oilfield. Being able to measure rock properties along the lateral is revolutionary for the oilfield, especially because there is minimal risk and no added rig time. I look forward to use of Fracture ID technology to continually optimize my completions. Matt Mientka Completions Engineer FourPoint Energy, LLC