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Thursday, June 12, 2014

Deliberate Approach Needed to Maximize Returns in Utica and Marcellus Drilling

From Farm & Dairy:
Look for the number of wells being drilled in the Utica and Marcellus shale to fall. At the same time, look for production and efficiency from wells to grow. 
The concise and common point of Hart Energy’s 2014 Marcellus Utica Midstream conference June 4 was that it takes time, technology and the right completion design to get the most out of the Utica and Marcellus shale wells. 
Growing efficiency 
A roundtable of experts discussed how the plays are changing and how technology is playing a part in its production. 
D. Randall Wright, president of Wright and Company, said companies continue to evaluate the shale reserves as the wells are drilled. 
Wright cautioned that not all areas of the Utica or Marcellus shale are economical for drilling. Wright said it is imperative the drillers connect to a quality reservoir, so they’re constantly analyzing the geology of the shale play. 
Learning curve 
Wright said there is a new learning curve, as more wells are drilled. The first generation of wells in the Marcellus shale did well, but the second generation is doing even better and he expects the same to happen in the Utica shale.
Click here to read the entire article. 

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