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September 20, 2019

Permian ‘child’ wells may cut oil recovery up to 20%, bank says - Oil and Gas 360

Permian ‘child’ wells may cut oil recovery up to 20%, bank says

September 20, 2019

Source: Bloomberg Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank. The analysis from Houston-based investment bank Tudor, Pickering, Holt & Co. — contained in a 61-page presentation

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