Halliburton announced today the launch of ACTIVATE Refracturing Service, a collaborative workflow that leverages subsurface insight, expertise and breakthrough diversion technology to recover bypassed reserves from unconventional wells more predictably and repeatedly. Generating more predictable results from refraced wells is creating a paradigm shift on how Halliburton targets shale/tight formation field development. Operators can now increase their ability to build a balanced portfolio with production distributed across new wells, infills and refracs in order to drive down the cost per BOE break-even point of their specific assets.
With ACTIVATE Service, Halliburton can help operators increase their ultimate recovery and bookable reserves. In basins where Halliburton has delivered ACTIVATE Service, operators are seeing on average an 80% increase in EUR per well, 66% reduction in cost per BOE from refractured wells compared to new wells, and a potential of up to a 25% increase in the oil recovery factor with a balanced portfolio.
World Oil. July 29, 2015. http://www.worldoil.com/news/2015/7/29/halliburton-introduces-new-refracturing-service