We work to bring expectations in line with reality..
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WELL PERFORMANCE AND VARIABILITY
Understanding the size of the inherent variability among wells is crucial. It directly effects royalties paid. It can easily account why your neighbors check is twice yours. We have developed a series of programs to identify performance of thousands of wells. This is done each month for all unconventional wells in PA. We are sharing some these results to provide a realistic view of the variability among wells even on the same pad. Take a look, this is real information. In life (and the gas well business) there is no substitute for luck.
We have developed a set of tools to scan abnormal behavior among hundreds of wells at a time. Candidate wells can be selected by countless characteristics. Wells are identified by simply clicking on the curve which labels it and automatically stores the information on the well selected and why. These samples were used to identify wells losing production and potential input errors in the PA DEP reporting data.