Ovintiv Advances Simulfracing in U.S. Frac Operations to Enhance Efficiency and Reduce Costs
Ovintiv is advancing the use of simulfracing in the Permian basin, enabling simultaneous pumping into multiple wells to enhance efficiency and reduce costs. This method, currently employed by 30% of U.S. frac crews, decreases wellbore friction and surface pumping pressure, potentially lowering operational costs in high-pressure environments like the Marcellus and Haynesville shales. While more infrastructure is needed, simulfracing represents a significant improvement in the frac industry.
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Ovintiv is leading the implementation of simulfracing in the Permian basin, allowing simultaneous pumping into multiple wells. This method, currently used by 30% of U.S. frac crews, aims to lower the wellbore friction and reduce costs by increasing water and proppant throughput without a proportional increase in energy.
By decreasing the flowrate per well, simulfracing can significantly reduce surface pumping pressure. For example, a 33% reduction in the flowrate per well can lead to a 50% reduction in wellbore friction, decreasing surface pressure from approximately 12,300 psi to about 9,700 psi.
The technology is also seen as beneficial in high-pressure environments like the Marcellus and Haynesville shales, potentially lowering surface pressure below 10,000 psi, thus reducing operational costs. Despite the need for more infrastructure, simulfracing represents a significant efficiency improvement in the frac industry.
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