PacWest/IHS is developing a new research product on Refrac, as industry leaders see the potential for refracturing to boost production without the need to drill new wells improving capital efficiency as required in the lower oil price environment. Wells originally fractured with sub-optimal technology and techniques appear to be the best candidates for refracturing. We hosted an opening call on Wednesday, May 20th to discuss feasibility, economics and current and future market of refracturing including techniques, costs, impact on production, play potential, and current and future trends and market sizes. Over 400 people joined the call and provided feedback. Click here to listen to the playback (register with your name & email and it will present a link to “Launch Presentation”).
Refracturing might account for 20% of the overall market in the future.
Please call 888.983.1110 for more information on the upcoming Refracturing report, to be published early June.
We’re developing a new research product on Refracturing in response to increased interest from operators, service companies, and investors. There is immense potential for refracturing to boost production without the need to drill new wells improving capital efficiency as required in the lower oil price environment. Wells originally fractured with sub-optimal technology and techniques appear to be the best candidates for refracturing. However, refracturing is less predictable and therefore potentially riskier.
Please join IHS Energy/PacWest for an open webinar to introduce new insights on refracturing. We’ll present key questions for discussion on the new study To Frac or Refrac, including the feasibility, economics and current and future market. Webinar is Wed., May 20th at 10 a.m. eastern. Register Today!
PacWest Consulting Partners, an IHS company, was quoted in Bloomberg on crude pricing drop in India, which accelerated when the Organization of Petroleum Exporting Countries, whose members control about 40 percent of global oil production, voted in November to maintain output in an effort to protect its market share.
“We have seen buyers of all sorts of consumables, like guar, putting new purchases on hold over the last couple of months, as they try to understand how the oil price fall is going to play out through the supply chain over the next six months,” Alexander Robart, a partner at Houston-based PacWest Consulting Partners Ltd., said in an e-mail. “Purchases will resume eventually, but at a lower level to support the ‘new normal’ activity levels.”
For the full article, please visit http://www.bloomberg.com/news/articles/2015-02-09/u-s-fracking-bet-haunts-vikas-after-oil-plunge-corporate-india
Senior Consultant Caldwell Bailey quoted in Gannett Ohio arrticle, “Low gas prices may slow fracking growth.”