Integrated Well Spacing Solution by IHS Markit
Our well spacing workflow is a completely connected solution that improves analysis by greatly reducing risk. It helps Shale Operators:
- Improve operational efficiency by up to 15-25% through transparency and collaboration among technical, strategic and financial teams and by automating data management;
- Optimize well placement by linking geology and engineering scenarios to macro- and regional market signals as well as actual well, completion and production results;
- Visualize (via heat map) high probability prospective drilling areas indicating the optimal spacing required to avoid frac hits and/or interference; and
- Reduce interpretation bias by utilizing a high-quality data foundation as the single ‘source of truth’ across multiple disciplines.