Recompletion by horizontal drilling pays off
Journal Article
·
· World Oil; (United States)
OSTI ID:6314400
More than 20 wells have been recompleted in the Giddings field by drilling a new, horizontal interval from existing 5 1/2-in. cased wells for distances of 300 to 1,250 ft. Recompleting existing wells is much cheaper than drilling a new well. Plus, the new completions, overall, produce better. The horizontal wells are routinely profitable now, and pay out occurs in 3 to 24 months. During this program, the techniques for slim-hole- medium-radius, horizontal drilling in Giddings have been mastered and costs have dropped 75%. It is believed that this program may be the first (or among the first) continuing horizontal project drilled out of cased wells with repeatable profitability as opposed to projected viability.
- Research Organization:
- Ray Holifield and Assocs., Dallas, TX (US); BecField Horizontal Drilling Service, Houston, TX (US)
- OSTI ID:
- 6314400
- Journal Information:
- World Oil; (United States), Journal Name: World Oil; (United States) Vol. 208:3; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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