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Proppant Types and Well Performance – Cadre Services Inc.

Cadre Services Inc. · Aug 18, 2015 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Proppant Types and Well Performance – Cadre Services Inc. – slide 1
    Wolfcamp Focus: Proppant Types and Well Performance Rex Tucker Chief Operating Officer
  2. Proppant Types and Well Performance – Cadre Services Inc. – slide 2
    A NEW GENERATION OF PROPPANT COMPANY 2
  3. Proppant Types and Well Performance – Cadre Services Inc. – slide 3
    Practical Shale Approaches to General Frac Proppant Characteristics Proppant Design Selection Delivery A NEW GENERATION OF PROPPANT COMPANY 3
  4. Proppant Types and Well Performance – Cadre Services Inc. – slide 4
    Permian Rig Count Snapshot November November County Total 11 13 Eddy 44 -1 43 Glasscock 29 +13 42 Reeves 37 0 37 Martin 44 -8 36 Lea 26 +8 34 Upton 29 -1 28 Howard 13 +13 26 Ector 18 +5 23 Midland 40 -18 22 Andrews 45 -24 21…
  5. Proppant Types and Well Performance – Cadre Services Inc. – slide 5
    Switch from Vertical to Horizontal November 11 November 13 November 11 November 13 County Vertical Vertical Horizontal Horizontals Eddy 21 -10 20 +9 Glasscock 24 +6 4 +8 Reeves 7 -17 11 +11 Martin 43 -14 1 +5 Lea 6 +7 17 +8…
  6. Proppant Types and Well Performance – Cadre Services Inc. – slide 6
    Shale Characteristics A NEW GENERATION OF PROPPANT COMPANY
  7. Proppant Types and Well Performance – Cadre Services Inc. – slide 7
    Wolfcamp Topography 10,000 9,000 Depths Across Wolfcamp Vary 5,000 on the Eastern side of shale 8,000 10,000 on the Western side of shale 7,000 6,000 5,000 A NEW GENERATION OF PROPPANT COMPANY 7
  8. Proppant Types and Well Performance – Cadre Services Inc. – slide 8
    Wolfcamp Characteristics Pioneer Investor Presentation, October 2013 Soft and Impermeable Environment A NEW GENERATION OF PROPPANT COMPANY 8
  9. Proppant Types and Well Performance – Cadre Services Inc. – slide 9
    Bone Spring Activity Cimarex Corporate Update, July 2013 A NEW GENERATION OF PROPPANT COMPANY 9
  10. Proppant Types and Well Performance – Cadre Services Inc. – slide 10
    Todays Considerations Long routes to get proppant to Permian Basin Additional transportation and handling Logistics Considerations Exposed to weather Mix of crosslink, hybrids and slick water Increasing number of stages Fracture…
  11. Proppant Types and Well Performance – Cadre Services Inc. – slide 11
    Practical Approaches to Proppant Delivery A NEW GENERATION OF PROPPANT COMPANY
  12. Proppant Types and Well Performance – Cadre Services Inc. – slide 12
    Where Do Proppants Originate A NEW GENERATION OF PROPPANT COMPANY 12
  13. Proppant Types and Well Performance – Cadre Services Inc. – slide 13
    Logistics Problems Possibility for product segregation or degradation Super sacks exposed to weather and heat Limited Storage on-site Rented Rail Cars Potential Storm Water Issues Temporary, Low Capital Cost Solutions A NEW…
  14. Proppant Types and Well Performance – Cadre Services Inc. – slide 14
    Supply Chain Logistics Long, treacherous rail routes to get to Permian Basin Added transportation costs and handling Eau Claire, WI N. Mankato, MN 1,238 Miles 1,180 Miles Mine, Truck, Shortline, Mine, Truck, Shortline, Mainline,…
  15. Proppant Types and Well Performance – Cadre Services Inc. – slide 15
    Permian Basin Storage Facilities Storage Facilities are centralized throughout the Levelland basin Hobbs, NM Stanton Anything railed in Odessa Big Spring Midland requires torturous Rankin Brady (Cadre) Mason routes Ft.…
  16. Proppant Types and Well Performance – Cadre Services Inc. – slide 16
    Old vs. New Transloads Old Transloads: Short tracks New Transloads: Side Spouts Multiple unit trains 2 platforms with scales under silos A NEW GENERATION OF PROPPANT COMPANY 16
  17. Proppant Types and Well Performance – Cadre Services Inc. – slide 17
    Future of Storage on Location 2,520,000 lbs. per six silo configuration A NEW GENERATION OF PROPPANT COMPANY 17
  18. Proppant Types and Well Performance – Cadre Services Inc. – slide 18
    Cadres Solution Proppant-on-Demand System 90 million pounds of on-site storage 7 loading bays with individual scales Single handling from plant-site to well-site A NEW GENERATION OF PROPPANT COMPANY 18
  19. Proppant Types and Well Performance – Cadre Services Inc. – slide 19
    General Frac Design A NEW GENERATION OF PROPPANT COMPANY
  20. Proppant Types and Well Performance – Cadre Services Inc. – slide 20
    So we don't have enough data to the north yet. But the rule of thumb, it should work, just like it has to the south and just as it has in Eagle Ford. The longer laterals, the more sand you put in, the increase in production and an…
  21. Proppant Types and Well Performance – Cadre Services Inc. – slide 21
    Unified Fracture Design = = ( ) Economides, M. J., Oligney, R.E. and Valk, P.P.: Unified Fracture Design, Orsa Press, Houston, May 2002. A NEW GENERATION OF PROPPANT COMPANY 21
  22. Proppant Types and Well Performance – Cadre Services Inc. – slide 22
    Goal: Maximum NPV The goal of well stimulation is maximizing the financial return for the operator (NPVmax) NPV is sensitive to fracture geometry, fluids and proppant selection A NEW GENERATION OF PROPPANT COMPANY 22
  23. Proppant Types and Well Performance – Cadre Services Inc. – slide 23
    Proppant Selection A NEW GENERATION OF PROPPANT COMPANY
  24. Proppant Types and Well Performance – Cadre Services Inc. – slide 24
    Historical Proppant Selection Petrowiki.spe.org Fracture Treatment Design A NEW GENERATION OF PROPPANT COMPANY 24
  25. Proppant Types and Well Performance – Cadre Services Inc. – slide 25
    Buying Proppants Based On Required Carrying Capacity CfD = 31.4159*k*Lf o CfD = required conductivity o k= reservoir permeability in millidarcy o Lf = Fracture Half Length Cinco-Ley, H., Samaniego-V., F., and A.N., D. 1978.…
  26. Proppant Types and Well Performance – Cadre Services Inc. – slide 26
    Changes in Service Company Sand Buying Mesh Size 2011 2013 100 Mesh 8.7% 18.5% 40/70 12.7% 26.3% A NEW GENERATION OF PROPPANT COMPANY 26
  27. Proppant Types and Well Performance – Cadre Services Inc. – slide 27
    Wolfcamp Completions and Proppant Selection Q. Robert L. Christensen- Canaccord Genuity, Research Division Was there any kind of -- can you describe the completion you put on the Wolfcamp D, amount of fluid pumped, amount of proppant,…
  28. Proppant Types and Well Performance – Cadre Services Inc. – slide 28
    A NEW GENERATION OF PROPPANT COMPANY 28
  29. Proppant Types and Well Performance – Cadre Services Inc. – slide 29
    Cadre Premium Hickory Sand Permian Wells A NEW GENERATION OF PROPPANT COMPANY 29
  30. Proppant Types and Well Performance – Cadre Services Inc. – slide 30
    A NEW GENERATION OF PROPPANT COMPANY 30
  31. Proppant Types and Well Performance – Cadre Services Inc. – slide 31
    Premium Hickory Sand Success Pioneer Investor Presentation, October 2013 A NEW GENERATION OF PROPPANT COMPANY 31
  32. Proppant Types and Well Performance – Cadre Services Inc. – slide 32
    Conclusions Wolfcamp optimization isnt complete-- spacing, depth, lateral length and proppant selection are still being tested Targeting the least expensive means of maximizing frac/reservoir volume ratio means jobs will continue…

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