Current Issue Contents - July 2020
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With many of the wells shut in during the second quarter now being restarted, operators are encountering a range of issues in horizontal and vertical wells that had to be abruptly shut down without chemical conditioning. The July issue champions a proactive approach to restoring production using chemical treatments that mitigate corrosion, paraffin and other common problems before turning pumps back on. Special sections begin with a Q&A conversation with a trio of experts on the state of the oil market, reserve-based lending and private equity financing. The Geophysics & Computing reports explain how advanced 3-D fault and fracture mapping can reveal critical insights to reduce produced water volumes and increase oil recovery, and how seismic inversion using new angle gather techniques can reveal lithology-driven reservoir property variations along a lateral. The reports conclude with an examination of automated back-office solutions that simplify operations and reduce costs. Association news includes Official Issues Updates for TIPRO and IPANM and an Official Convention Section for KIOGA’s annual convention. Cover and layout design by Amanda DeMoss.
PROACTIVE CHEMISTRY
COVER STORY: In the conventional oil and gas world, there have been many times when producers have responded to uneconomic commodity prices by simply shutting in wells and waiting for better days. When it came time to restart these assets, however, operators often learned a costly lesson: Wells shut in without proper chemical conditioning routinely suffered equipment and wellbore damage that required mitigation measures. In the unconventional realm, operators are finding that the same lesson still applies as they restore production from shut-in horizontal as well as conventional vertical producers. What can companies expect as they restart these assets? What new lessons should they learn from the experience, and how can they incorporate that knowledge into their chemical treatment and operating best practices? | by Rick McCurdy
MIDYEAR MARKET UPDATE
Recovery Continues Even As Uncertainties Endure
Both global oil demand and benchmark prices have regained much of the ground lost since mid-May. But with economic risks related to COVID-19 clouding the picture, where can the industry expect to go from here? | Special Q&A With Ann-Louise Hittle, David Morris and Jason Downie
GEOPHYSICS & COMPUTING
- Seismic Fault Analysis Reduces Water Production in Delaware Basin Wells
Using geophysical data to identify water-saturated formations and faulting or fracturing that potentially could connect those zones to laterals reduces produced water handling costs and improves well economics. | by Sandra Marek and Graham Spence - CRAM Gathers Enhance 3-D Inversion to Reveal Reservoir Insights | by Elive Menyoli
- Back-Office Software Simplifies Tasks, Reduces Cost | by Colter Cookson