Fiber optics were incorporated on three wells, microseismic monitoring was utilized across 18 square miles and well spacing
assumptions of 8-16 wells per DSU were used.
In order to achieve maximum recovery from the reservoirs within economic constraints additional wells are introduced in the field which reduces the average well spacing
through which companies can generate more revenue in shorter time of span.
The change in drilling practices, particularly in well spacing, in recent years would lead to reevaluation of the developable area and redrawing of Figure 6.
Example Let us assume that a producer reduced well spacing and water usage by half while drilling an infill well.
The second-order conditions ensure that a producer cannot increase well production indefinitely by simply increasing well spacing and water usage.
If instead of changing well length, a producer changed well spacing, drilling an infill well at 500 ft, the well's EUR limit would change to 8.5 Bcf even at length [L.sub.1] (dashed line in Fig.
In due course, closer well spacing than 80 acres/well may be required to produce the oil and gas in the Eagle Ford reservoir.
There is upside in better well performance, higher oil prices, and closer than 80 acre well spacing.
As the dewatered area and well spacing
expand, the same high permeability that originally allowed water to flow from long distances to our wells, should begin to allow gas to flow from long distances to our wells.
The data will help in determining the appropriate well spacing
to drain the field to maximize the recovery of oil and gas from the reservoir.Texon has a 70% working interest (52.5% net revenue interest) in the Leighton prospect with joint venture partners Global Petroleum Limited (15%) and Excellong, Inc.