Differing Approaches To Optimizing Permian Well Spacing
Major operators in the Permian Basin are optimizing spacing strategies in pursuit of increasing well productivity, Enverus analysts say.
(Source: Hart Energy)
After years of downspacing, E&P companies in the Permian Basin have started to pursue wider well spacing to resolve certain operational issues and boost returns.
Operators in the Midland Basin, in particular, have adopted various practices and wider well spacing developments to focus on free cash flow generation over the past 18 months, engineering analysts with Enverus said during a recent webinar focused on calculating optimal well spacing.
Faiza Rizvi is an associate editor for Hart Energy's editorial department, with a strong focus on E&P magazine and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for three years.