See the Impact
It doesn’t seem long ago that history witnessed a unique moment in the oil and gas industry. Natural gas had historically been at a shortage, which had driven gas prices up into the $10-15 per MCF range. The US government was providing tax breaks and incentives for unconventional exploration and completion to try to combat the shortage that was creating the high prices.
Everything hit like the perfect storm. In the mid 2000’s exploration companies became very proficient at multiple unconventional processes. Hydraulic fracturing using “slick-water” enabled producers to crack into the abundant shale oil and gas formations that were previously untouchable. Multi well-directional drilling made it cheaper and faster to drill wells, lowering the cost to rig up and down, while giving producers access to multiple pay zones. The producer I worked for in the Rocky Mountains during this era boasted an average drill time of 1.8 days per well, each well averaging a total depth of around 8,000 feet.
Horizontal drilling combined with new fracking technologies still currently stands as the wave all producers are either riding (or attempting to ride). All these advances resulted in the gas markets being flooded, driving the price of natural gas down, filling most gas storages to capacity, and nearly halting natural gas drilling everywhere. Many of these wells have been neglected, and oil and gas fields are currently flooded with these wells. This is what makes IMPACT unique, this is where we find our opportunity.
Production and exploration companies have quickly seen the value of IMPACT’s instrumented plungers and high-resolution surface gauges. They want to see improvement on wells that have dropped below the natural decline estimations set by reservoir departments. As a team, we have done smart plunger analysis on wells in Texas, Colorado, Utah, Wyoming, and New Mexico. We have worked on straight holes, slim holes, S curves, and horizontals. 90% of the wells we work on still have plenty of potential and are often being bitten by bad surface equipment design, over-choking, and undersized or fluctuating gathering systems.
Improving performance of marginal wells is our bread and butter. If we can’t improve performance, we can give you a comprehensive list of reasons why the well is not performing. Each well has unique characteristics and needs individual analysis. You can’t keep assuming plungers are on bottom in x minutes, that chokes need to be tight to prevent whatever, that every well needs soap. Give each well a little attention, I promise they will reward you. Accurate downhole data will give you ways to turn your well around. The last time wells were pressure or temperature logged shouldn’t be during completion. Our team can bring you this data at an affordable price.