Managing Transitional Drilling Challenges

In the current economic and drilling industry climate, the one thing that drillers need is better reliability so they can reliably plan well construction time and reduce cost overruns. Performance data analysts pulled every comparable Permian Basin 12¼-inch intermediate run in the previous six month...

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Bibliographic Details
Published inE & P Plus p. 1
Main Author Gooch, Chris
Format Magazine Article
LanguageEnglish
Published Houston Hart Energy 01.06.2020
Subjects
Construction planning
Cost analysis
Cost control
Drilling
Economics
Permian
Reliability
Success
Well construction
Permian Basin
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Summary:In the current economic and drilling industry climate, the one thing that drillers need is better reliability so they can reliably plan well construction time and reduce cost overruns. Performance data analysts pulled every comparable Permian Basin 12¼-inch intermediate run in the previous six months from Ulterra's bit record database. By extrapolating that number over the 1.8 MMftof hole drilled by RipSaw in this study, the results show that those 434 runs saved Permian operators more than $42 million in drilling costs. [...]if RipSaw technology had been used on every single run in the study, that amount would be more than $220 million, demonstrating that seemingly small gains in reliability translate into the potential for massive cost savings.
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