DENVER-based Fracture ID has announced the release of what it describes as a highly differentiated, low cost solution for engineered completions.
The company said its Fracture ID product can cost effectively deliver critical oil and gas reservoir properties to exploration and production (E&P) companies to lower drilling and completion costs and increase hydrocarbon recoveries.
Fracture ID uses proprietary Drillbit Geomechanics™ to analyse at-the-bit vibrations for detailed reservoir characterization, providing the basis for improved unconventional resource development economics through informed frac stage and perf cluster placement.
An industry standard downhole data logger is used to collect data in the normal course of drilling, from which high resolution measurements of mechanical rock properties such as Young’s Modulus, Poisson’s Ratio and the location of intersected natural fractures can be made.
The company said its Fracture solution is low cost, requires no additional rig time, and presents no incremental operational risk or downtime.
It said projects delivered to more than 10 E&P companies to date have confirmed that the results generated by Fracture ID technology correlate to traditional petrophysical measurements, while costing only a fraction of current reservoir characterization tools.
“Our technology is used by E&P companies to group similarly stressed rock so more fractures are initiated in every frac stage,” Chris Neale, Fracture ID Founder and CEO, said.
“This additional fracture surface area increases production rates and ultimate recovery with no negative impact on completions cost. Our price point provides the commercial viability for targeted stimulation on every new well drilled.”