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GST February Luncheon

When
February 13, 2020
11:30 AM - 1:00 PM
Location
Baxter's Interurban Grill, South Houston Avenue #100, Tulsa, OK

Registration

Guest Registration – $25.00
Member Registration – $20.00

Registration is closed

Speaker: Peter M. Duncan, MicroSeismic, Inc.

Bio: Peter M. Duncan is President and CEO of MicroSeismic, Inc. a Houston based oil field service company specializing in hydraulic fracture stimulation surveillance and evaluation. He holds a Ph.D. in Geophysics from the University of Toronto. His early career as an exploration geophysicist was with Shell Canada and then Digicon Geophysical, first in Calgary then in Houston. In 1992 he was one of 3 founders of 3DX Technologies Inc., a publicly traded independent oil and gas exploration company. Duncan was 2003-04 President of the Society of Exploration Geophysicists (SEG). Duncan was the Fall 2008 SEG/AAPG Distinguished Lecturer speaking on the subject of Passive Seismic at 45 venues around the world. He is an Honorary Member of SEG, the Canadian Society of Exploration Geophysicists (CSEG), the Geophysical Society of Houston (GSH) and the European Association of Geoscientists and Engineers (EAGE). He received the Enterprise Champion Award from the Houston Business Journal in 2010, the World Oil Innovative Thinker Award in 2011, and was the 2013 EY National Energy Entrepreneur of the Year. In 2014 he received the Virgil Kauffman Gold Medal from SEG.

Title: Frac-Driven Interactions and Well Spacing: a MicroSeismic perspective

Abstract: The issue of well spacing for optimal economic development remains one of the most important to unconventional development. The solution to the problem has been confounded by the prevalence of frac driven interactions (FDI’s) between primary wells, that were often drilled to hold leases, and secondary wells drilled subsequently. Such interactions have often resulted in loss of production, sometimes permanently, in the primary well and below average production from the secondary wells. In turn this has meant a re-evaluation of EUR on several high-profile developments with a negative impact on market cap for the affected operators. Occasionally these frac hits have also resulted in wellbore damage, even to the extent of losing the well entirely. Interactions between wells have been observed at distances of several thousand feet. It appears that avoiding these interactions altogether is practically impossible. Various schemes for mitigation have been tested and reported upon. After a brief review of this reporting, this paper will present microseismic observations of FDI’s, describe how such data can be used to facilitate well bore spacing decisions and minimize negative well interactions.

-2019 Executive Committee

"Geophysical Society of Tulsa (GST)" is a 501(c)3 non-profit organization. Oklahoma, P.O. Box 2784, Tulsa, OK 174101