• ITVI.USA
    16,240.330
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  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
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  • OTVI.USA
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  • ITVI.USA
    16,240.330
    -110.510
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  • OTLT.USA
    2.762
    0.031
    1.1%
  • OTRI.USA
    21.780
    0.120
    0.6%
  • OTVI.USA
    16,233.310
    -109.890
    -0.7%
  • TSTOPVRPM.ATLPHL
    3.520
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  • TSTOPVRPM.CHIATL
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  • TSTOPVRPM.DALLAX
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FreightWaves LIVEFreightWaves LIVE: Events Podcast

Evolve: ResFrac technology simulates performance of shale oil wells

Subhead: Experiments can be conducted in virtual environment

This demo was staged during the Evolve: The Next Evolution of Oil & Gas virtual summit presented by Digital Wildcatters and FreightWaves.

DEMO TOPIC:  Using modeling to simulate the life cycle of an unconventional shale oil well to target best drilling locations and make adjustments to existing wells.

DETAILS:  Many fields are producing less, so operators need new modeling techniques to figure out where to explore next. New modeling technology can simulate the life cycle of a well from start to finish. Instead of trial and error in the field, experiments can be done in the virtual environment.

SPEAKER: Garrett Fowler, chief operation officer, ResFrac

BIO: Fowler is a petroleum engineer by training. He previously was vice president of operations. Prior to joining ResFrac, he held engineering positions at Tachyus Corp. and Occidental Petroleum.

KEY TAKEAWAY: Modeling well expansion in the virtual environment before trying it in the field can save time and money, speeding up the learning curve.

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