Drilling and Completion Trends in the Montney Increased Frac Stages 2010: Average 10 stages 2016: Average 26 Stages Increased Fluid Pumped 2010: 2,500 cubic meters 2016: 15,000 cubic meters Source: Raymond James, Jeremy…
Drilling and Completion Trends in the Montney Increased Completed Length 2010: 1,250 meters 2016: 2,000 meters Increased Total Proppant Placed 2010: 750 tonnes 2016: 2,500 tonnes Source: Raymond James, Jeremy McCrea 4
Drilling and Completion Trends in the Montney Movement to Slickwater 2010: 20% of wells using Slickwater 2016: 70% of wells using Slickwater Source: Raymond James, Jeremy McCrea 5
The Drivers Behind the Changing Trends The Goal Superior Capital Efficiencies The Requirements Higher Productivity and EURs The Solution Increased Stimulated Rock Volume Higher Pump Pinpoint Longer Laterals Tighter…
The Challenges
Water Management and Social Impact Water Management Issues o Slickwater becoming dominate completion o Water to inflate coil tubing o Potable water requirement for certain completion styles o Ability to access adequate water for…
Current Systems Not Meeting all Design-Change Demands Based on 4.5-in (114.3-mm) Casing Plug & Perf Sliding Sleeve Ball-Drop (Clustered Stages) (Coil Tubing) Unlimited stages Yes Yes No Reduced pumping friction pressure Yes No No Can…
Risks and Limitations of Current Systems Sliding Sleeve with Coil Plug and Perf Ball-Drop Pump rate limitations due to friction Significant time required to place Screenouts can potentially lead to pressure plugs and perforate while…
The Innovation
Stage Completions Inc. Stage Completions Inc. is a downhole technology company focused on providing innovative completion solutions 90% privately held, 10% to be acquired by Blackbird Energy Inc. (TSX-V: BBI) Three main product lines…
Production and Operational Advantages o Optimize every fracture treatment / Accurately place every fracture treatment Pinpoint fracturing o Maximize stimulated reservoir volume Longer Laterals o 216 stages currently available (700…
Stages Advantages o Large bore access allows clean outs from heel to toe with no restrictions in coil or tubing size o Collets can be removed at any point in time allowing full drift of liner o Without retrieval, Stage system has…
Discussing Costs and Savings
The Cost and Savings Discussion Compared to Ball Drop o Costs comparable to ball drop but with significant operational advantages Compared to Plug and Perf o No coil tubing unit to drill out plugs, no drill bits and accessories o…
Stages Deployment
Quality Assurance Ability to land collets at between Blackbird 06-14-70-7W6M Pump Down 1 m3/min and 5 m3/min Continuous completion Over 100 surface tests Varied pressures, temperatures and rates 100% success Two wells…
Innovation Being Deployed Largest Sliding Sleeve Completion in Elmworth /Pipestone Corridor
Blackbirds 02/2-20 Montney Well Blackbird is implementing the largest sliding sleeve completion in the Elmworth / Pipestone Corridor 71-76 Stage sleeves 4,000 tonnes of proppant (2.0 tonnes per linear meter) 2,150 meter…
Roll Out Achievement The Montney The Permian The Eagle Ford The Uinta The Bakken The Cardium China Successfully Being Deployed in Cased and Open Hole Applications 21
The Stage Advantage
Stage Checks All The Boxes Based on 4.5-in (114.3-mm) SC Bowhead II Plug & Perf (five Sliding Sleeve Ball-Drop Casing clusters/stage) (Coil Tubing) Unlimited stages Yes Yes Yes No Reduced pumping friction pressure Yes Yes No No Can use…
Disruptive Completions Technology Higher Tonnages High Utility of Capital Higher Rates Stages Bowhead II Increased EURs Longer laterals Improved Water Management More Stages 24
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