Spotfire Energy Forum hears from Chesapeake, Oxy, Petrohawk

Offset well analysis, drill bit performance, lease operating statement generation.

John Bergman presented a Spotfire application that allows Chesapeake to investigate well performance from neighboring wells. A map interface lets users click on a well and bring up production numbers for wells within a defined range. The application is used to investigate recovery from wells in the Fayetteville shale play by assessing well offsets and for reserve booking.

Kevin Konopko (Oxy) has been analyzing drill bit performance with Spotfire. The idea was to use data already captured in Landmark’s EDM database and OpenWells application for bit performance analysis and allow ‘head-to-head’ comparison of bits from different vendors. Data gathered from bit runs is blended with cost information and summarized as a ‘bit performance index’ (BPI). Despite various gotchas like non representative runs, missing data and inconsistent nomenclature, Spotfire has provided good tool for visualization and BPI comparison. BPI helps Oxy select the best drill bit for a particular section of hole based on local experience. While rate of penetration is the obvious candidate for top-weighting in the BPI calculation Oxy is looking at improving the index by applying different formulae for cost per foot, rate of penetration and drilled footage derived from a business unit’s own statistics.

Ryan Keel showed how Petrohawk uses Spotfire to produce lease operating statements (LOS) from corporate down to well level. LOSs combine data from the P2ES Bolo accounting system of record, adding analytics and drill down capability. Petrohawk can rotate data through different property groupings, filter and show or hide accounts as needed. More from

Click here to comment on this article

Click here to view this article in context on a desktop

© Oil IT Journal - all rights reserved.