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Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co.

Pioneer Natural Resources Co. · Oct 27, 2014 · 21 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. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 1
    Successful Completion Optimization of the Eagle Ford Shale Supplement to SPE Paper 170764 Presented at the Society of Petroleum Engineers Annual Technical Conference and Exhibition Amsterdam, The Netherlands October 27-29, 2014
  2. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 2
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 3
  3. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 3
    Pioneers Eagle Ford Shale Study Area Next Study Area Permian Midland Basin Midland Spraberry/Wolfcamp Study Area Eagle Ford 4
  4. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 4
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 5
  5. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 5
    Comprehensive Well Look-Back Study Baseline Data Included in Analysis 142 wells on production (March 2012) 60 had more than 120 days of production Ranking Plots (Illustration) Data used in the analysis Production rates Well head…
  6. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 6
    Identification of the Key Performance Drivers Clay Content Immature Total Organic Porosity Content (TOC) Fractures Deep Deposition 7
  7. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 7
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 8
  8. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 8
    Pioneers Eagle Ford Shale Historical Frac Design Plug & Perf Method 70 Cluster Spacing 420 stage length 250-420 stage length Ball Drop Composite Bridge Plug Typical Well: 11,000 14,500 Total Vertical Depth (TVD) 5 1/2…
  9. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 9
    Plug & Perf Type Completion Zipper Frac1 Operations 1) Zipper frac refers to a horizontal well completion method where hydraulic fracture operations and adjacent well preparation occur simultaneously for multiple wells on a single…
  10. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 10
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 11
  11. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 11
    Completion Optimization Opportunity to increase EUR, reduce cost and add reserves Cost Saving Initiatives Well Performance Improvement Initiatives Changed proppant type Increased proppant - lb/ft (larger stimulated e.g. ceramic…
  12. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 12
    Completion Optimization Test Matrix Completion Optimization Matrix Number of wells tested in each area (illustrative purposes only) Reduced Increased Area Increased Lb/Ft Combo Cluster Spacing Rate/Cluster A 4 4 4 4 B 3 3 3…
  13. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 13
    Increased Lb/Ft and Combo Test Only one completion variable changed per test All other completion parameters held constant Benchmark completion analogue well chosen for comparison Increased Lb/Ft Conventional Combo…
  14. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 14
    Completion Optimization Data Lab Microseismic & 3-D Seismic Radioactive Tracers Chemical Tracers Chemostratigraphy (XRF) Oil & Gas Isotope Geochemistry Frac Models Pressure Interference Production Data Reservoir…
  15. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 15
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 16
  16. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 16
    Performance Analysis Summary Reservoir Performance Analysis Workflow Diagnostic Plots and Decline Curve Analysis (DCA) Rate Transient Analysis (RTA) and Reservoir Modeling Diagnostic Plots1 Decline Curve Analysis2 Rate Transient…
  17. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 17
    Production Comparison 80 35 11% increase 70 at 12 months Normalized Cumulative Production (MBOE/1000') Normalized Cumulative Production (MBOE/1000') 30 60 37% increase 25 at 4 months 7% increase 50 at 6 months 20…
  18. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 18
    Completion Optimization - Results Over the past 2 years, Eagle Ford Shale completion design improved by: Reducing cluster spacing Increasing the pounds of proppant (white sand) pumped per foot Increasing the barrels of frac fluid…
  19. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 19
    And NowThe Spraberry/Wolfcamp Shale Play Permian Midland Basin Spraberry/Wolfcamp Stacked Shale Play 20
  20. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 20
    Talk Outline Study Area and Eagle Ford Shale Intro Well Look-Back Study Eagle Ford Shale Completion Standard Design and Operations Completion Optimization Plan Case History Results Summary 21
  21. Successful Completion Optimization of the Eagle Ford Shale – Pioneer Natural Resources Co. – slide 21
    Summary Maintaining the base completion design was critical to properly evaluate and understand reservoir changes across the trend in the Eagle Ford Shale play Increased rate per cluster initiative became part of our standard…

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