Jill Thompson, Senior Staff Geologist & Nick Franciose, Reservoir Engineer, QEP Resources sat down with Jessica Morales at the MicroSeismic User Forum in January. The two discussed the “tank-style” completions that eliminate frac hit pitfalls. Thompson explains the company has developed and implemented a pressure wall which is a barrier between completing wells and producing wells. In this interview, she walks through why that is different than the way things used to be done at QEP Resources.
An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.
Seventeen oil and gas producers in the U.S. have filed for Chapter 11 so far this year but many more are close.
David Baggett, founder and managing partner of Opportune, says oil and gas companies are focused on short-term survival and lowering costs, which can already be seen by massive capex cuts among producers and the historic plunge in rig counts.