Completion designs in horizontal,multi-stage wellbores is a complex problem and has many potential scenarios depending on the desired well performance.Up until recently the industry has been focused on improving early-time productivity; 90-day cumulative production,24-hour initial potential(IP)or achieving a target daily rate.Many operators are now refocusing on a desired economic outcome; achieving free cash flow,improving return on investment and increased net present value.Our paper will discuss the effects that different completion design changes have on these desired results and present examples of past well performance and new well performance utilizing these changes.Our methodology will include the analysis of producing well histories to determine average reservoir permeability and completion effectiveness as described by the number of created,producing transverse fractures and the average effective length of those fractures.From this characterization of the reservoir and past completions we will forward model completion design scenarios to determine the effect changes in design have on the performance parameters we wish to achieve.The process used includes hundreds of completion design scenarios which are compared to each other to find the design which maximizes the desired economic result.Multiple examples of this will be presented.Increasing early-time production performance has resulted in increasing capital expenditure.Several completion design parameters lead to increases in this performance parameter(IP); increasing lateral length,increasing stage volume and decreasing stage spacing.However,all of these changes increase the capital spent on the completion.To achieve improved economic performance parameters,balancing the total capital expenditure against the revenue generated becomes the primary focus.What may have worked in the past to meet past goals does not work to meet new,economic focused goals.The most important parameter we must know when designing the completion is the reservoir permeability.This value determines the reservoirs ability to deliver hydrocarbons to the well and how effective the reservoir can be to creating the revenue necessary to pay for the capital spent.Identifying the balance between capital spent and revenue generated leads to completion designs that reduce well cost while maximizing economic parameters versus maximizing early-time production alone.The results and conclusions from this paper will run contrary to the industry's past trends in completion design.However,the focus on economic improvement can be a pathway to our industry to achieve better economic results.Our industry has provided increased energy independence for our nation,but far too many companies are suffering financially while doing so.Billions of barrels of oil have been produced,yet many are going broke.
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