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Solaris A LEADER IN THE OILFIELD TECHNOLOGY REVOLUTION · Schlumberger. 11. Well Pad Treatment Well...
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Solaris A LEADER IN THE OILFIELD TECHNOLOGY REVOLUTION FEBRUARY, 2020
Transcript of Solaris A LEADER IN THE OILFIELD TECHNOLOGY REVOLUTION · Schlumberger. 11. Well Pad Treatment Well...
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Solaris
A LEADER IN THE OILFIELD TECHNOLOGY REVOLUTION FEBRUARY, 2020
WHY DEEPIMAGING?
• Product ion is lagging
• Operators are struggling to create free cash f low
WHAT’S THE ISSUE
Concho Resources: September 2019 Investor Presentation
Parent / child issues
Well Interference
Ultimate Recovery on an acreage basis (2-10%)
Source: “To Spark Real-Time Revolution, Fracture Diagnostics Firms Partner Up and Innovate,” JPT, October 1, 2019
Source: “To Spark Real-Time Revolution, Fracture Diagnostics Firms Partner Up and Innovate,” JPT, October 1, 2019
FracGeo
Hall iburton
Schlumberger
11
Well Pad
Treatment Well
Electromagnetic (EM) Field
Transmitter
Receiver Box
Fluid Tracking Image
HOW WE ARE CHANGING THE INDUSTRY?
DEEP IMAGING REAL-TIME
Composite Footprint OverlapAll Wells MONITORED
T1 T3T2N
Legend, AllNo overlap, 54.29%
2 stage overlap, 27.95%
3 stage overlap, 9.58%
4 stage overlap, 3.95%
5 stage overlap, 2.61%
6 stage overlap, 0.92%
7 stage overlap, 0.41%
8 stage overlap, 0.20%
9 stage overlap, 0.09%
Thank You
David Moore, Chief Executive [email protected]
Mike Jerman, Chief Financial [email protected]
