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The premier forum for refracturing existing wells in North America
Welcome to the North American REFRAC WELLS 2018 Exhibition & Conference where shale operators and upstream service companies will meet with refracturing experts and technology providers in Houston to share the latest results and explore new methods for refracturing wells.
New developments and techniques have prompted a movement towards refracturing depleted or low producing wells to combat against the current challenges in the North American shale market. Producers are now looking at techniques already being used in tight rock and vertical wells to revive a large number of existing shale wells with lower costs of production.
Over time most horizontal wells will produce at a fraction of their initial rates and large volumes of oil and gas will remain trapped within the rocks which could now be extracted through a refracturing process. While the total cost of developing a horizontal well could reach as much as $8 million, the cost of a refracturing project could be as low as 25% of this at around $2 million. In principle the technique appears to be logical, however as low oil prices have presented the challenges of keeping well production up and operating costs down, this conference will have a unique and timely emphasis on de-risking refracturing operations with overall cost reduction in mind.
Key topics on this year’s agenda include:
