Posted by Joseph Triepke - Infill Thinking
While the rest of the world focused on OPEC on November 30, US operators were focused on making their tight oil wells more effective with cutting edge innovation.
I spent OPEC day in Houston with 35 senior US completions executives at the Darcy Completions Forum, squarely focused on emerging technologies to optimize unconventional completions. In the room last week were completions managers and specialists from companies ranging in size from majors to large independents to smaller independents.
The Permian and Eagle Ford were the primary targets for these operators, and the day was spent reviewing new technologies that may be able to help unlock hidden potential in these plays. 11 shale tech start-ups hand-picked from across the globe presented new completions concepts to a room full of majors and independents, who then discussed and analyzed use cases and potential.
Part science fair, part Shark Tank, the forum hosted by Darcy Partners was a powerful intersection of innovators and end users. Many of the presenters were too small to be able to take out booths at big conferences like OTC, yet they are too commerical for other science events to highlight. So for some, this was their first shot at presenting new solutions to their biggest potential customers.
The cutting edge technologies we saw fell across various stages of commercialization. Ideas included pre-design data sourcing, new ways to sense fracture effectiveness, and tools to create better and more predictive analytical models.
While the individual solutions were quite impressive, we were more taken with some big picture implications for the industry that were on display during the day. And that's what we want to share with OilVoice readers, because we believe some developing trends we picked up on will help shape the way future tight oil wells are constructed. Here are a few trends to keep an eye on over the next year or two:
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