Well completions per location more than double in Lower 48 states as technology advances
We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.
Improving well productivity helps U.S. oil companies increase production at a lower cost
Second-quarter 2024 financial results for 34 publicly traded U.S. oil exploration and production (E&P) companies suggest increasing well productivity is helping these companies reduce production costs on a per barrel basis and freeing up cash for other uses such as dividends and share repurchases.
STCs Play Well Together or Do They
Here is the correct Notice including two links. http://www.faasafety.gov/files/notices/2019/Mar/Frankenplane_Topic_2nd_Qtr.pdf http://www.faasafety.gov/files/notices/2019/Mar/Presenter_Notes_Topic_2nd_Qtr.pdf Encourage other AMTs to register on FAASafety.gov for one-stop shop reference material and education. Gina Moretto, FAA Safety Team Program Manager Gina.Moretto@faa.gov, 303-342-1104