New Completions Summary: Delaware Basin, New Mexico

Details

20 horizontal wells in the Delaware Basin, NM (Bone Springs & Wolfcamp formations) used nanoActiv® HRT as the treatment fluid and were compared to their 35 offset wells in 2018 and 2019.

Treatment

• The Red Line is the average cumulative production of the 20 wells treated with nanoActiv® HRT.
• The Black Line is the average cumulative production of 35 wells NOT treated with nanoActiv® HRT.

Treatment Form: Pre-pad pills.

Results

• For each well treated with nanoActiv® HRT, the wells produced an average of 36,500 additional barrels of oil over the 18-month post-completion period when compared to the average cumulative production of the 35 offsets.
• A well treated with nanoActiv® HRT produced an average of 2,000 more barrels per month than a well not treated with nanoActiv® HRT.
• Initial Production (IP) volumes did not significantly vary between the two data sets. The well performance began to diverge in month 4 showing the long-term efficacy of nanoActiv® HRT.
• At $30 oil, the incremental revenue achieved over 18 months from completing a well with nanoActiv® would equate to an additional $1,080,000 per well.
• Average treatment cost sample wells is $160,000. At $30/oil, estimated payout in 20 days.

About nanoActiv ®

nanoActiv® HRT is a well additive treatment mechanically powered by highly surface-modified nanoparticles. These particles are designed to penetrate deep into the natural fracture network and persist with long efficacy to deliver increased and sustained oil and gas production.