Emerging Trends and Technologies for UNCONVENTIONAL … Halliburton Brady.pdfPowerPoint Presentation...
Transcript of Emerging Trends and Technologies for UNCONVENTIONAL … Halliburton Brady.pdfPowerPoint Presentation...
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Emerging Trends and Technologies for
UNCONVENTIONAL RESOURCES
Brady Murphy
Senior Vice President
Business Development & Marketing
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
TAKE RISKS
EXPERIMENT
INNOVATE
WORK Make It
Economic Evolution Of
UNCONVENTIONALS
ACQUIRE ACREAGE
DEPLOY HORSEPOWER
DEVELOP SUPPLY CHAINS
BIG Make It
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Millio
n B
arr
els
a d
ay
in O
il E
qu
iva
len
t Oil and Natural Gas Production
0
2
4
6
8
10
12
14
2007 2008 2009 2010 2011 2012 2013 2014
In the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian and Utica fields
Source: Energy Information Administration
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
The Commercial And Economic Imperative
-10%
-5%
0%
5%
10%
15%
Average NA Independents
Cost of Capital
North American Independent Operators
Return on Capital Employed
EOY 2013
Sources: Thomson One, NYC Stern School of Business, Internal Analysis
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
OPERATIONAL EFFICIENCY
WELL PRODUCTIVITY
= COST PER BOE (PRODUCTION UNIT COST)
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Integrated Portfolio
of Technologies
Superior
Delivery Platform
Environmental
Leadership
Reservoir
Focused Strategy
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
TAKE RISKS
EXPERIMENT
INNOVATE
WORK Make It
ACQUIRE ACREAGE
DEPLOY HORSEPOWER
DEVELOP SUPPLY CHAINS
BIG Make It
INTEGRATE
OPTIMIZE
EXECUTE
CALIBRATE
SMART Make It
Economic Evolution Of
UNCONVENTIONALS
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
RESERVOIR
CHARACTERIZATION
WELL PLANNING
AND PLACEMENT
COMPLEX FRAC MODEL/
COMPLETION DESIGN
PRODUCTION MATCHING/
OPTIMIZE MODEL
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
BASIN
SPE 165585-PA
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
FIELD BASIN
SPE 165585-PA
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
WELL
FIELD BASIN
SPE 165585-PA
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
SPE 165585-PA
ROCK WELL
FIELD BASIN
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Greatly Reduce Planning Cycle Times
Maximize Reservoir Contact and Site Utilization Enhance Well Safety
DecisionSpace® Well Planning
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
RESERVOIR
CHARACTERIZATION
WELL PLANNING
AND PLACEMENT
COMPLEX FRAC MODEL/
COMPLETION DESIGN
PRODUCTION MATCHING/
OPTIMIZE MODEL
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
REDUCE UNCERTAINTY
INCREASE MARGINS
DECREASE CYCLE TIMES
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
RESERVOIR
CHARACTERIZATION
WELL PLANNING
AND PLACEMENT
COMPLEX FRAC MODEL/
COMPLETION DESIGN
PRODUCTION MATCHING/
OPTIMIZE MODEL
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
ELIMINATE WASTED PERFORATIONS
MAXIMIZE PRODUCTION
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
RESERVOIR
CHARACTERIZATION
WELL PLANNING
AND PLACEMENT
COMPLEX FRAC MODEL/
COMPLETION DESIGN
PRODUCTION MATCHING/
OPTIMIZE MODEL
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Complex Fracture Modeling
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
Complex Fracture Modeling
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
PREDICTED
Production
AC
TU
AL
Pro
du
cti
on
Correlation 93%
Eliminating Uncertainty – Marcellus Shale, Pa
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
RESERVOIR
CHARACTERIZATION
WELL PLANNING
AND PLACEMENT
COMPLEX FRAC MODEL/
COMPLETION DESIGN
PRODUCTION MATCHING/
OPTIMIZE MODEL
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
OPERATIONAL EFFICIENCY
WELL PRODUCTIVITY
= COST PER BOE (PRODUCTION UNIT COST)
CYPHERSM Seismic-to-Stimulation Service
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
CASE STUDY
0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1
Pre-CYPHER
Pro
ba
bil
ity
Normalized EUR
CYPHER
Reduction In Variability
50%
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© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
124%
Increase in
Average EUR
Ave
rag
e E
UR
(1,0
00
BO
E)
CASE STUDY
0
50
100
150
200
250
300
350
400
450
500
Pre-Cypher Cypher