ForeSite® Edge Mitigates Oil Production Decline 3.7%, Reduces Failure 11%, Saves Approximately $344,000 Per Year for 10 Project Wells

Improve well productivity through continuous optimization on 10 project reciprocating rod-lift (RRL) wells in an unconventional field with dynamic well behavior.
Improve personnel efficiency and reduce safety and environmental risks by leveraging remote, real-time data surveillance and high-frequency data.

Retrofit ForeSite Edge to the existing automation equipment to enable real-time surveillance and control while leveraging the ForeSite production optimization platform.
Once deployed, ForeSite Edge used high-frequency data collection to provide key measurements such as strokes per minute (SPM), pump fillage, effective runtime, strokes per day, and more.
Autonomous control logics (ACL) developed by Weatherford were implemented to optimize key performance metrics on surface and subsurface to further production optimization opportunities.

ForeSite Edge delivered end-to-end digital capabilities on 10 RRL wells, correcting production on both the liquid production decline rate by 2.55% and the oil production decline rate by 3.7% during the project period, equating to a potential 45 bbl/d of liquid and 31 bbl/d (using an average 70% oil cut).
Autonomous control allowed well production stabilization, increasing value to approximately $45,000/month (using an oil price of $80/bbl and assuming 60% of this total is realized net revenue) for the project.
Autonomous control reduced failure 11% with a saving cost of $50,000/year.
The commercial value to the customer equated to approximately $344,000 in potential annual savings for the project.

Details

Location

Brazos Valley

Well Type

Reciprocating rod lift

Products/Services

PetroVisor™ Unified Data Platform