Once a well is completed, the next million-dollar decision involves choosing the lift system. Deciding among the options requires expertise and data, both of which challenge many short-staffed producers.That’s where Extract’s Applications Engineering Team steps in. The team focuses its attention and artificial lift expertise through XSIZE Comparative Data Analysis to compare options. With this careful attention, it’s easier for producers to make the right choices.
The fundamental decisions revolve around getting immediate production but shorter well life or delayed production with greater total recovery over time. Also, downsizing the pump and delaying return can save tens of thousands of dollars in upfront costs. There is no single “right”decision—each company makes the decisions based on weighing all pertinent factors.
Right-Sizing from theStart with Comparative Lift Analysis
Extract’s Applications Engineering team understands that the right option will vary between wells and basins. Avoiding cookie-cutter solutions, they compare specific data on wells and lift types. Then they help producers decide which type and size fit that company’s goals.
To make these comparisons quickly and get the well producing on schedule, Extract’s expert Applications Engineering team uses the company’s proprietary XSIZE nodal analysis software, which you can read more about HERE. XSIZE can generate six or more pump size/type scenarios in the same short time it takes many lift companies to develop one.
Each lift type offers specific rate and drawdown capabilities. By modeling the reservoir and the well in tandem with pump options, our team can provide designs for each unique situation. This well-informed optionality is critical in maximizing each well.
Thus informed, production engineers can compare the strengths of each one against the company’s production, efficiency, and ROI goals, picking the one that best fits that scenario.
After generating the report, we can either send it to the client’s production engineers to evaluate, or we can have a brief virtual meeting to offer our expertise and answer any questions. Many producers today, working with staffing shortages, lack the person-hours to delve deeply into artificial lift options themselves—while that’s our primary focus. We’re glad to fill those needs.
How to Know WhenIt’s Time for a Well Check
Over time, pump fitness changes as the well matures. To keep up with those changes, Extract offers unique monitoring capabilities. By monitoring operating conditions over time, we can flag issues, including pump wear and performance, or when it might be time to update the pump.
There are two main ways we can collect pump data. The simplest is to use our monitoring service to get the data in real time. From there, our engineers can quickly inform producers of any issues. Or, a client can send us data points they collect at regular intervals.
Our team of experts processes the numbers through XSIZE to evaluate pump performance.
How This Helps You
With NODAL analysis of lift options compared to the individual well, we can have a higher level conversation with a producer’s very busy production engineers regarding both well design and monitoring.
Our team uses this process at completion to compare costs and expected production numbers among the options to choose the one that’s the most economically rewarding. Choices can be between two pump sizes or two lift options.
Ongoing monitoring optimizes well performance as conditions change. All this provides the best information about overhead compared to production to boost every well’s bottom line.
If you’d like to learn more about how our team can provide the information your engineers need for the best lift decisions, please EMAIL US TODAY.