Deep Imaging (“Deep Imaging” or the “company”) today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job. As a result, upstream companies can validate models and successful stages while identifying, fixing or avoiding problem stages as they occur.
THE US INDUSTRY IS FACING PRODUCTION SHORTFALLS
The prevailing approach to developing shale is delivering mixed results. Drilling larger wells more closely together has reduced per unit costs, but many new wells are underperforming production expectations by as much as 30%.
The problem is the industry is acting on limited data to make intricate operating decisions. Without the right instruments to see what is happening during a well completion, operators are experiencing frac hits and are unable to identify poor cement jobs, failed plugs and unclosed zippers, all of which leave valuable resources in the ground.
With the ability to see a frac job in real-time, operators can now truly optimize full-field development.
REAL-TIME FLUID TRACKING HELPS REDUCE WASTE AND BOOST PRODUCTIVITY
At around the cost of a single frac stage, payback on this surface-based technology is quick and the upside is large, especially considering not “closing” a zipper frac can mean up to 30% of the reservoir is untapped. With projected sales of $500 million from a development project, operators utilizing fluid tracking could capture the $150 million that would otherwise be left behind.
Among other benefits, the technology also enables operators to determine which downhole products and strategies are causing problems to help improve their purchasing plans. If an operator understands they have failures 20% of the time with a certain type of plug, they can find a better provider.