Identify artificial-lift methods for Gulf Coast wells

摘要

As much as every oilfield operator might dream that a high-producing oil or gas well will experience remarkable recovery rates for years with no noticeable dropoff in production, every well will peak and then enter a decline stage, whether steadily or precipitously. When the inevitable decline occurs, it falls on the oilfield production company to determine if, or how, the well can be resuscitated. When a well's production rate drops below critical velocity, it is almost inevitable that it will eventually stop producing. The actual rate of decline and ensuing production must be taken into consideration when determining a well's ultimate future. With today's commodity prices, many operators are faced with spending money on artificial-lift systems that can improve recovery rates or simply choosing not to address low or non-producing wells before moving on to the next project, where the entire process begins again.