Notes from URTeC and our views on development cubes and in-basin sand
1 minute read
In this week's episode, notes from URTeC and thoughts on development cubes and in-basin sand
Permian operators cash in ... by thinking inside the box
As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence.
New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs.
Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost.
Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.