How to Effectively Shut in Wells: A Conversation w/ Premier Oilfield Group

Wonderful conversation with the experts at Premier Oilfeild Group and Bilu Cherian (SVP Technology - Director of Reservoir Systems) and Frank Zamora (SVP)

Key takeaways:

• Shutting in a well is not is as easy as turning a switch. There are many issues to consider including the parent /child relationship, volume, reservoir, decline curve, and even if the well can be brought back on line.
• Many operators are facing shutting wells just because of storage capacity. This has potentially a huge economic impact.
• Plans that can be prepared based upon actual data can help make decisions with the best possible outcomes.
• Premier Oilfield Group has data on over 200,000 wells, and over 240 million samples.