Bakken & Three Forks: Completions & Well Spacing Congress 2014

Making Decisions That Increase Efficiency At Every Stage Of Completions: Balancing Increased Recovery With Cost Reduction

w w w. b a k ke n - c o m p l e t i o n s - 2 0 1 4 . c o m

Attended By over 79.30% End Users’ REGISTER HERE

Brandon Rollins Operations Engineer Whiting Petroleum

Chris Wright CEO Liberty Resources

David Veltri COO Emerald Oil

Matt Bauerschlag VP Engineering Kraken Oil & Gas

Stan Wilson Reserves Engineering Manager Continental Resources

Larry Griffin VP Operations Liberty Resources

Dominic Spencer EVP Triangle Petroleum USA Corporation

Darren Schmidt Completions & Operations Engineer Statoil USA

Using Latest Frac And High Density Pilot Results From Bakken And Three Forks Wells To Identify The Highest Performing Completion Techniques And Optimal Well Spacing:Maximizing Drainage Per Well While Driving Costs Down At Every Stage Of Completions

Key Issues To Be Discussed Include:

May 28-29 | Denver | Colorado

Technical Insight From 20+ Industry Professionals Including Major E&P Companies Actively Operating In The Bakken & Three Forks

M Follow us @UnconventOilGas

• PLUG & PERF VS. SLIDING SLEEVES: Comparing the results of plug and perf vs. sliding sleeves in the Bakken to identify the highest performing frac

• SLICK WATER VS. CROSS LINK VS. HYBRIDS: Analyzing the production results from the latest pilot tests to examine how the performance of different frac fluids vary across the Bakken

• CEMENTED VS. OPEN HOLE COMPLETIONS: Comparing the results seen from cemented vs. open hole completions to determine the extent to which performance is driven by geology

• FRAC STAGES - COST VS. INCREASED RECOVERY: Determining the number of frac stages in which, on a given lateral length, incremental production no longer justifies cost

• PROPPANTS - RESIN VS. SAND VS. CERAMIC: Examining the recovery on a resin coated vs. sand vs. ceramic well to determine the most effective proppant type in different Bakken fields

• WELL SPACING & INTERFERENCE: Presenting data and interpretations on drainage per well to determine how close wells can be drilled without causing interference

• EXTENTION INTO THE DEEPER THREE FORKS BENCHES: Assessing the reservoir communication between the Bakken & Three Forks to determine the viability of extending into the lower benches

Organized By: Co-Sponsor:

The Congress Will Be Held At:

Marriott City Center Denver

Ballroom A-E

1701 California Street

Denver, CO 80202

Phone: 303-297-1300

Web: http://www.marriott.com/hotels/travel/

dendt-denver-marriott-city-center/

Day two will start with a discussion on how operators have increased productivity

economically to maximize money spent against return on investment. This will then

be followed by a presentation on key techniques for determining optimal well

density. Latest data and interpretations from high density pilots will be shared to

increase Bakken operators understanding of how close wells can be drilled without

causing interference. The day will then move into discussing the economic viability

of extending into deeper Three Fork benches with case studies on Bakken & Three

Forks communication and economic returns seen from the deeper benches of

the Three Forks. The day will end with determining if lateral stacking has led to significant

increase in production and the point at which production stops justifying the additional

lateral foot drilled.

Day one will be completely dedicated to increasing efficiency at every stage of

completions. The day will start with a keynote address looking into how to optimize

completions and stimulation designs for increased value production in the Bakken,

followed by a discussion on the successful implementation of integrated completions

approaches. The day will then break down to compare the production results seen from

the utilization of a combination of different completions techniques including: plug and perf

vs. sliding sleeve designs, slick water vs. cross link vs. hybrid fluids, cemented

liners vs. open hole completions with swell packers, sand vs. ceramic proppants,

number, length and spacing of frac stages vs. cost.

Venue Information:

Day 2: Well Spacing And Three Forks Communication

Day 1: Optimizing Completion Techniques

www.bakken-completions-2014.com (1) 800 721 3915 [email protected]

As Bakken E&P companies have now

ascended into full development phase,

the real question now is how to maximize

the productivity of Bakken wells whilst

simultaneously driving down cost.

Completions and well spacing play a huge

role in cost and production efficiency and

mastering the optimization of both aspects

has the ability to significantly transform the

economics of every Bakken well drilled.

Amongst all of the available completion

techniques available to operators, deciding

upon the highest performing frac recipe is

not an easy task. Operators not only need

to look at increasing efficiency at every

stage of completions, but need to do this

in a way that balances increased recovery

with reduced costs. Needless to say, if

funds were unlimited, operators could

spend millions of dollars testing all possible

combinations of frac fluids, proppants,

liners, frac stages and frac spacing to

deduce the optimal recipe for the reservoir

in place. However, as reality would have it,

trial and error on a grand scale is neither

economically viable nor operationally

feasible so, what operators must do is

learn from successes and failures of

other operators with regard to….

• Plug & Perf vs. Sliding Sleeves

• Slick Water vs. Cross Link vs. Hybrid Fracs

• Cemented vs. Open Hole Completions

• Cost vs. Increased Recovery Of

Additional Frac Stages

• Resin vs. Sand vs. Ceramic Proppants

…thus enabling operators for the first time ever, to compare and contrast the production results seen from varying completions across different Bakken fields.

The second biggest challenge facing Bakken operators is that of well spacing. Producers are now down-spacing to fully exploit the potential of the reservoirs but what is the optimal spacing? How can operators increase well density without causing wellbore interference and pressure drops in the reservoir? From an economic standpoint, how many wells are too many? Operators need to examine data and interpretations on drain and drillings per well from latest down spacing pilots to identify whether or not the right spacing has been reached and ultimately, determine how far apart Bakken wells should be drilled for maximum recovery.

Attended By over 79.30% End Users’ REGISTER HERE

OPTIMIZING COMPLETIONS TECHNIQUES Day one will feature a number of case study comparisons to enable result driven conclusions on the optimum frac design, frac type, frac fluid, proppant type, liner, number of frac stages and frac length in different areas of the Bakken & Three Forks

Day 1Wednesday May 28, 2014

8.30 Chair’s Opening Remarks

Chaired by: Dominic Spencer, Executive Vice President, Triangle USA Petroleum CorporationDAY 1 KEYNOTE ADDRESS: OPTIMIZING COMPLETION DESIGNS

8.40 Demonstrating How Advanced Completions And Stimulation Designs Have Increased Value Production In The Bakken Central Basin

• Developing a robust benchmarking process for comparing completion techniques across the Bakken Central Basin

• Establishing what combination of completion techniques have achieved the best production results in the Central Basin Middle Bakken to identify a superior completion recipe

• Deciphering which completion processes are having the highest impact on production to inform capital allocation

• Understanding how applying the correct combination of completion techniques will double the value of an asset by boosting long-term production

• Comparing EUR vs. completion technique recipes most widely applied in the Bakken Central Basin to determine the most effective combinations that will boost production economically

Chris Wright, CEO, Liberty Resources

9.10 Question & Answer Session

INTEGRATED DRILLING & COMPLETION DESIGNS

9.20 Showing How Integrated Drilling And Completion Designs Have Systematically Improved In The Bakken And Three Forks To Double EUR Results For An Individual Well

• Understanding a completion design that has been used to achieve significant increases in production

• Isolating the key drilling and completion elements of the development process have have significantly contributed to production performance

• Understanding and identifying why an operator should change well and frac design according to particular improvement targets and to the reservoir in place

• Exploring unsuccessful optimization attempts in the Bakken & Three Forks to learn through trial and error and implement specific improvements

• Using latest results to map the evolution of the completion optimization process to identify new areas for future optimizationn

Cal Crawley, Advisor - Manager, Cornerstone Natural Resources


COMPLETION DESIGNS EVOLUTION

10.00 Understanding How A Completion Design Has Evolved Over Time In The Bakken To Achieve Increases In Production And Significant Cost Savings

• Looking at cost vs. production results of previously used completion techniques vs. newly applied recipes to identify the improvements and most effective modifications

• Understanding if an operator has changed completion recipes according to a particular stage or according to the rock

• Isolating the single completion techniques that have been tweaked and their contribution to production to determine the significance of their impact on increasing efficiency

Cody Duran, Completions Manager, Zavanna


10.40 Morning Refreshments In Exhibition Showcase Area

OPTIMIZING PRODUCTION: SOUTH ANTELOPE CASE STUDY

11.10 Modifying Drilling, Reservoir And Completion Engineering To Optimize Production In The Bakken Shale

• Analyzing how focused modifications in drilling, reservoir and completion engineering from 2009 to the present have improved production as much as 50-75%

• Identifying 10 key workflow changes including landing zones, lateral length, completion techniques, frac processes and proppant type and real-time pressure management that have transformed production

• Understanding how an operator has drilled some of the best wells in the Williston Basin by deviating from

conventional Williston Basin philosophyTyler Micheli, Advisor/Consultant, Helis Oil & Gas


COMPLETION SELECTION - PANEL DISCUSSION

11.50 Identifying Key Methodologies, Techniques And Criteria Being Used By Leading Operators When Determining Optimum Completion Strategy For Geology In Place

• Understanding how operators have selected their completion techniques in different areas of the basin to identify the key factors that drive the decision-making process

• Identifying the reservoir, geological and economic variables that need to be considered to select a productive and cost effective completion recipe for any given area of the basin

• Discussing how operators estimate cost vs. production to strike a successful balance and achieve best frac results

• Looking at what drove successful and unsuccessful completion choices to learn through trial and error

Dominic Spencer, Executive Vice President, Triangle USA Petroleum CorporationMatt Bauerschlag, VP Engineering, Kraken Oil & GasTyler Micheli, Advisor/Consultant, Helis Oil & Gas


PLUG & PERF VS. SLIDING SLEEVES

12.30 Comparing The Performance Of Plug And Perf Vs. Sliding Sleeves In The Bakken: Examining Cost Vs. Results

• Evaluating cost against stimulation efficiency to determine whether production increases justify the added costs of a sliding sleeve design

• Examining the methods an operator is using to implement plug & perf or staged actuated sliding sleeves to derive the most effective application

• Looking at recent case studies to understand whether plug & perf can provide the needed isolation and diversion to create an effective frac

• Examining results seen from hybrid fracs to determine whether combining frac designs would deliver the best production results

David Veltri, COO, Emerald Oil


1.10 Lunch In Exhibition Showcase Arena

CEMENTED VS OPEN HOLE COMPLETIONS

2.10 Comparing The Results Seen From Cemented Liner Plug and Perf Completions Vs. Swell Packers Sliding Sleeve Completions To Determine The Extent To Which Performance Depends On Geological Area

• Exploring the pros, cons, cost and performance of cemented and un-cemented liners to identify the most suitable completion for particular wells

• Providing a geology focused production analysis of cemented vs. un-cemented liners to determine which works better, where, and why

• Understanding whether production increase justifies the added costs of cemented liners to ensure an economic return on investment

Brandon Rollins, Operations Engineer, Whiting Petroleum Corporation


COMPLETION DESIGN: SMALL-CAP PERSPECTIVE

2.50 Optimizing Pipe Exit Strategy: Examining Completion Design From A Small-Cap Perspective

• Stressing the importance of results-oriented data mining in achieving rate of return success

• Underlining the problem of multi-variable analysis to improve analytical results

• Identifying the key criteria used to determine what completions approach to adopt: sleeves vs. perf & plug vs. hybrid

• Reviewing the results seen from open hole completions vs. cemented liners to determine what has been more successful in the Williston Basin deep center

Peter Bommer, VP - Engineering, Abraxas Petroleum Corporation


FRAC STAGES: COST VS. INCREASED RECOVERY

2.30 Determining The Optimal Length, Number Of Frac Stages And Stage Design To Balance Cost With Increased Production

• Looking at cumulative production vs. stage lengths to identify the highest performing lengths and increase production

• Comparing the performance of stage length vs. completion technique to identify the most effective combinations

• Evaluating performance for the number of clusters within each stage to identify the optimal amount of entry points

• Cost-benefit analysis of the number of frac stages to identify the optimal stage number and options for future developments

Larry Griffin, VP Operations, Liberty Resources


PROPPANTS: HYBRID COMPLETIONS

4.10 Examining The Conductivity Of The Sand/Ceramic Interface Found In Hybrid Completions To Optimize Frac Performance

• Exploring arrangements of sand and ceramic proppants to optimize performance

• Proppant selection: understanding what criteria are used to select proppant type

• Examining laboratory data of mixed proppant sizes to understand how conductivity is effected at various conditions

• Comparing performance at non-Darcy conditions in conductivity cells

• Identifying the key drivers behind optimizing proppant selection

Darren Schmidt, Operation & Completion Engineer, Statoil USA


4.50 Afternoon Refreshments In Exhibition Showcase Area

FRAC DESIGN

5.20 Understanding The Role Of Fracture Geometry, Spacing And Open/Cased-Hole Completion Strategy To Enhance An Operator’s Optimum Completion Design

• Optimizing horizontal well design for wells with multiple hydraulic fractures in the Bakken shale to maximize drainage

• Examining how interfering effects inside the fracture and inter-fractures impact the ultimate performance of the well

• Analyzing fracture spacing and intersecting angles in vertical and horizontal wells to understand it’s impact on production

• Using reservoir parameters to model fractures in the reservoir and determine optimal fracture placement

Luigi Saputelli, Advisor, BP


SLICK WATER VS. CROSS LINK VS. HYBRIDS

6.00 Using Results From Latest Pilot Tests To Examine How Frac Performance Varies With Frac Fluid Selection

• Comparing pilot tests on slick water, cross-link gel systems and hybrids to demonstrate the typical production results seen from each fluid

• Learning how to achieve an optimal flow regime to optimize proppant transport and ensure an effective frac

• Understanding how to identify the most appropriate fluid according to the specific geology and frac design in place to achieve the perfect frac

• Exploring opportunities for new, cleaner stable fluids warranted by proven production results to maximize the stability of the frac


6.40 Chair’s Closing Remarks

6.50 - 7.50 Networking Drinks Reception In Exhibition Showcase Area


8.30 Chair’s Opening Remarks

Chaired by: Dominic Spencer, Executive Vice President, Triangle USA Petroleum CorporationDAY 2 KEYNOTE PANEL: COST VS. INCREASED RECOVERY

8.40 Increasing Productivity Economically: Balancing Increased Recovery With Cost Reduction To Optimize Money Spent Against Return On Investment

• Defining an acceptable return: what is the optimal time frame to break-even?

• Examining cost saving strategies to effectively drive down drilling and completion costs

• Exploring the opportunities for operator cost-sharing and establishing relationships with service companies to reduce long-term costs

• Understanding how to increase material efficiency to maximize production without any increased expenditure

Dominic Spencer, EVP, Triangle USA Petroleum CorporationLarry Griffin, VP Operations, Liberty Resources


MODIFYING DESIGN TO OPTIMIZE PRODUCTION

9.20 Modifying Completion Design According To Interpretation And Cross-Discipline Integration Of Multiple Data Sets

• Planning, acquiring, interpreting and integrating specifically acquired data sets to characterize the reservoir and optimize completions

• Using microseismic data, tracer, core, specialty logs and integrated modeling to assess completion efficiency with the goal of optimizing well spacing

• Evaluating integrated interpretations including 3D seismic and frac modeling that led an operator to change completion designs to optimize production

• Using micro seismic data and tracer to evaluate modifications to completion design

Angie Southcott, Geology Team Lead, WPX EnergyAndrew Schmidt, Completions Engineer, WPX Energy


10.00 Morning Refreshments In Exhibition Showcase Area

WELL SPACING & EXPANSION INTO THE DEEPER THREE FORKS

10.30 Presenting Data From Spacing Tests And Reservoir Expansion Into The Deeper Benches Of The Three Forks To Identify The Optimal Well Spacing And Understand The Potential Of The Deeper Three Forks

• Exploring an operator’s development to date looking at the Middle Bakken & Three Forks to understand the results achieved

• Looking at the results of the reservoir expansion into the deeper benches of the Three Forks to understand the viability of the extension

• Analyzing results from high density well spacing tests to understand the maximum number of wells in a given spacing unit

• Presenting future development plans to identify areas and possibilities for further improvement

Stan Wilson, Reserves Engineering Manager, Continental Resources


OPTIMIZING WELL SPACING FOR PRIMARY & SECONDARY RECOVERY

11.30 Optimizing Hydraulic Fracs And Well Spacing For Primary And Secondary Recovery In Tight Oil Reservoirs

• Assessing primary and waterflood developments through fracture half-length, conductivity, density, pattern and well spacing to determine the most efficient design

• Conducting sensitivity analysis according to total oil recovery and NPV

• Identifying the key parameters and optimize short-term (primary) and long-term (waterflood) developments

• Applying reservoir modeling to efficiently place infill wells and design future waterflood

Xiaoqi (Vicky) Wang, Reservoir Engineer, PennWest Exploration


12.10 Lunch In Exhibition Showcase Area

RESERVOIR CHARACTERIZATION FOR OIL IN PLACE & WELL SPACING

1.10 Using Seismically-Driven Reservoir Characterization To Identify The Most Productive Reservoir Intervals And Define The Optimal Well Placement Strategy

• Identifying the key reservoir properties that have a major impact on the performance of shale wells to increase productivity

• Analyzing tight oil reservoirs to determine oil in place and identify the most productive layers

• Using reservoir characterization to optimize reservoir drainage and predict well productivity

• Understanding what key parameters and variables need to be taken into account when determining the optimal well density

Tyler Micheli, Advisor, Helis Oil & Gas


MULTI-LAYER RECOVERY

1.50 Exploring The Potential Of The Upper and Lower Bakken Shale To Identify Production Contributions and Communication Between The Different Layers

• Understanding the production potential of the Upper or the Lower Bakken Shale to understand which layers need to be targeted to achieve maximum recovery

• Using reservoir stimulation analysis to identify the oil in place and the contribution of the different layers to overall productivity

• Analyzing Middle Bakken well production forecasts and revised well EUR to determine how the Upper and Lower Bakken Shale communicate and maximise recovery efforts

• Understanding the contribution of the single layers to determine if there is a need for lateral staking in the Bakken

Sanyog Kumar, Research Assistant, Colorado School Of Mines


3.30 Afternoon Refreshments In Exhibition Showcase Area

BAKKEN & THREE FORKS COMMUNICATION

4.00 Exploiting The Reservoir Communication Between

The Bakken & Three Forks To Maximize Recovery Per Well

• Using production results to determine which benches of

the Three Forks are contributing to additional production

• Fraccing into the Three Forks from the Bakken and vice

versa to avoid drilling double legs between the separate

formations

• Understanding how the lower benches of the Three Forks

interact with the upper Three Forks benches and the

middle Bakken to optimize drilling efforts


VIABILITY OF DEEPER THREE FORK BENCHES

4.40 Discussing The Commercial Viability Of Extending

Into The Second, Third And Fourth Benches Of The

Three Forks

• Completion optimization in the deeper benches: does it

need to be treated differently and what does this cost?

• Oil in place vs. higher fraccing cost: will there be a return

on investment?

• How to address production interference with the upper

Three Forks & Bakken to minimize the economic risk

• Assessing results of specific completions used in pilots to

determine the most successful completions methods for

the Three Forks


5.20 Chair’s Closing Remarks & End Of Conference

Day 2Thursday May 29, 2014

WELL SPACING & THREE FORKS Day two will feature a number of case studies and discussions addressing optimal well density in a given spacing unit, well interference, extension into the deeper benches of the Thee Forks to maximize reservoir exploitation and hydrocarbon recovery.

Interstate Exploration

“Talks were very productive”

SHELL

“Well executed. Good balance of content and time allocation”

Abraxas Petroleum Corp

“Unique opportunity to participate with other operators on topics of

completion strategies and reservoir description and

delineation”


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Bakken & Three Forks: Completions & Well Spacing Congress 2014

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Transcript of Bakken & Three Forks: Completions & Well Spacing Congress 2014