• ITVI.USA
    15,299.240
    -0.110
    0%
  • OTRI.USA
    25.510
    0.060
    0.2%
  • OTVI.USA
    15,294.330
    11.020
    0.1%
  • TLT.USA
    2.690
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.900
    -0.030
    -1%
  • TSTOPVRPM.CHIATL
    3.160
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  • TSTOPVRPM.DALLAX
    1.440
    0.000
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  • TSTOPVRPM.LAXDAL
    2.820
    -0.010
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  • TSTOPVRPM.PHLCHI
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.LAXSEA
    3.400
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  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,299.240
    -0.110
    0%
  • OTRI.USA
    25.510
    0.060
    0.2%
  • OTVI.USA
    15,294.330
    11.020
    0.1%
  • TLT.USA
    2.690
    0.020
    0.7%
  • TSTOPVRPM.ATLPHL
    2.900
    -0.030
    -1%
  • TSTOPVRPM.CHIATL
    3.160
    -0.090
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  • TSTOPVRPM.DALLAX
    1.440
    0.000
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  • TSTOPVRPM.LAXDAL
    2.820
    -0.010
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    2.160
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  • TSTOPVRPM.LAXSEA
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  • WAIT.USA
    125.000
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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.