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Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC

NP Resources LLC · May 23, 2018 · 13 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. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 1
    Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design Kyle Trainor
  2. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 2
    Overview Project Overview Locator Map Economic Opportunity Continuous Improvement Cycle Design Process Data Evaluation and Integration Oil Potential Variation Perforating and Proppant Diversion Results and Conclusions
  3. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 3
    Overview Map Williston Basin Elkhorn project, 5 wells D&C 2017+ Engineered completions (mass and placement) 4.3 7.4 MM lbs proppant 33-35 stage slickwater completions Limited entry perforating
  4. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 4
    Economic Opportunity Project area was initially delineated by legacy completions: Vertical wells, vintage unstimulated horizontals and early x-link completions. Contemporary completions in offset analog field suggested meaningful…
  5. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 5
    Continuous Improvement Cycle Refine understanding of reservoir and geologic properties and identify any potential interaction between parent and child wells Execution and ongoing process Define fracturing improvement through…
  6. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 6
    Data Evaluation Elkhorn Field Completion evaluation suggested poor lateral efficiency from legacy completions. The water cut from legacy completions suggested stimulations were communicating with adjacent layers containing higher…
  7. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 7
    Integrated Design Process Completion design must be optimized to accommodate reservoir variability along the lateral. Stage length and number of clusters were customized based on variations in mechanical properties. Segments of…
  8. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 8
    Lateral Variability-Feet of Saturation Feet of Oil Saturation in the Lateral 5 Elkhorn Wells Not all wells need the same mass of proppant and volume of fluid, fine tuning the right job mass by stage is key.
  9. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 9
    Interaction with Legacy Production Data gathered in the lateral can be used to infer areas of depletion that effect how a fracture may propagate. Portions of the lateral with less favorable fluid saturations, or pore pressure may…
  10. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 10
    Perforating Average cluster efficiencies of 90% per stage can be achieved by: Adapted extreme limited entry as piloted by Liberty Resources Grouping stages by similar stress Matching perf friction to overcome rock stress variations by…
  11. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 11
    Proppant Diversion High efficiency limited entry can be combined with proppant slugs to produce similar trends in observed net pressure to other diverting agents. Post job step rate test confirm a reduction in clusters taking fluid…
  12. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 12
    Results initial program Project area wells show 4x uplift from legacy wells. Meaningful upside ROI was realized with an engineered completion approach turning a marginal field into a development project with robust economics.…
  13. Expanding the Margins of the Williston Basin The Impact of Refined Stimulation Design – NP Resources LLC – slide 13
    Conclusions Cluster efficiencies of 90% were achieved with limited entry. Rock mechanics measured in the lateral helped drive stage placement and limited entry design. The proppant mass and fluid volume were tied to the fluid…

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