Through its analysis of more than 80,000 wells drilled in the Permian and Eagle Ford over the last decade, Deloitte determined the shale industry can save billions of dollars. Well optimization of two of the U.S.’ most prolific shale basins has the potential to generate $24 billion in capital expenditures (CAPEX) savings for all U.S. shale operators, according to new findings from a Deloitte study. In Deloitte’s analysis of more than 80,000 wells drilled in the Permian and Eagle Ford over the past decade, it revealed the following: Well design optimization can boost efficiency . Deloitte found that 67 percent of wells in the Permian have been under- or over-engineered and 60 percent of Eagle Ford wells have been under- or over-engineered. If Permian and Eagle Ford shale operators fully optimized their well designs, they would yield capital efficiency gains of 19 percent and 23 percent, respectively. This can […]