Workflow Library
AFE Creation
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OVS Solution – Marginal Well Workflow
When the oil price is high we rarely look at wells to determine if they should be shut-in until there is a problem. The reality for the domestic oil and gas industry is that some wells are simply no longer economical. If the well is losing money it should be shut-in, but it’s never that simple.
Other Considerations
Ranking wells based on operating costs is important but does not tell the whole story. Shutting a well in may impact operations elsewhere. If the well is the only or last producing well on a lease, shutting it in for some period of time may result in the operator losing the lease. Some wells may have costs associated with shutting them in or bringing them back on in the future.
OVS Solution – Marginal Well Workflow
When the oil price is high we rarely look at wells to determine if they should be shut-in until there is a problem. The reality for the domestic oil and gas industry is that some wells are simply no longer economical. If the well is losing money it should be shut-in, but it’s never that simple.
