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Industry Article: Expert Evaluations are Essential in Shale Oil Plays

A case study from the South Texas Eagle Ford illustrates how partnering with experienced consultants can ensure success.

Expert Evaluations are Essential in Shale Oil Plays
Publication: E&P
Publication Date: 11/01/2011

After more than two decades of steady declines, U.S. oil production began rising again over the last few years, due largely to burgeoning horizontal drilling and multi-stage hydraulic fracturing in today’s hot new shale plays. While unconventional resources promise to play an major role in domestic energy supplies for years to come, economic success depends on a number of critical skills. Operators must become proficient at evaluating acreage rapidly, determining how much oil remains in place, identifying the key production drivers, designing proper completions, and predicting how much a typical well could produce over time, and at what cost. However, many operators lack the time, expertise or tools necessary to carry out such analyses, especially under urgent deadlines. This case study illustrates the value of partnering with highly experienced consultants who completed an entire Eagle Ford evaluation in just three weeks.




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