Getting a more detailed look at what’s happening in oil formations could address a host of challenges.
Top of mind for Permian Basin producers is how their fracturing programs perform downhole. ESG Solutions has developed various pieces of technology that can offer a 3D view of where proppants and frac fluids are being placed, said David Moore, chief executive officer.
Speaking with the Reporter-Telegram by telephone, he said his company can monitor those proppants and fluids and show where those proppants and fluids move, something that can address the issue of parent-child well interaction.
Another problem that leads to parent-child well interaction is faulty cement downhole, he said. “We’ve watched operators spend 20 hours trying to get one stage to frac,” he said. That results in wasted time, wasted chemicals and increased expense while not resulting in increased production, he said.
Well spacing is another issue, he said. Innovative electromagnetic technology allows producers to optimize well spacing to recover more resource from their leased acreage by actually seeing, in real-time, the effectiveness of their well frac, possible impacts and interference with adjacent wells and identify untapped resource areas between wells due to improperly spaced wells and field design.
Beyond containing costs and increasing production, better subsurface imaging serves to protect the environment, Moore said.
By being able to see where the proppants and frac fluids go, operators can help prevent those fluids or flowback fluids from finding their way into groundwater, for example.
And those microseismic networks can help producers monitor their injection volumes and rates and assess the potential for induced seismicity, he added.
Operators can use the data provided by his company to tell regulators where they put their proppants and frac fluids and that they are staying there and provide information on their operations that may induce seismicity.
“The industry needed someone to incorporate all these tools,” said Moore. “It goes back to us partnering with or clients and other service companies to give them the whole toolbox to understand their impact on the subsurface.”
Next for the company is launching a product to measure carbon sequestration, he said to ensure carbon stays where it is injected, just as the company monitors frac operations.
“We’ll be able to help companies certify they’re carbon neutral,” Moore said. “They’ll be able to say they stored the carbon and contained it.”
While Moore sees his company and its technology as the tip of the spear of energy transition, he said it also helps clients frac …….