Halliburton SmartFleet Technology Enables Real-Time Fracture Control in the Permian Basin
August 19 2021 - 08:00AM
Business Wire
Halliburton Company (NYSE: HAL) announced today
a successful execution of its SmartFleet™ intelligent fracturing
system with a major operator in the Permian Basin.
“We view the SmartFleet system as a tool that provides valuable
insights into subsurface fracture placement,” said Aaron Hunter,
vice president of the Midland Basin for ConocoPhillips. “These
insights lead to informed decisions that improve fracture
performance.”
SmartFleet technology integrates intelligent automation and
visualization with subsurface measurements across multiple wells
simultaneously to dynamically respond to reservoir behavior. By
using the SmartFleet system, operators can achieve real-time
control of fracture placement and improve overall completion
execution. In addition to optimizing fracture placement across
every stage, the SmartFleet system provides real-time insights to
manage frac hits and understand the impact they have on fracture
performance.
Based on various successful runs to date across multiple basins,
SmartFleet has helped operators:
- Improve cluster uniformity up to 30 percent,
- Optimize stage lengths,
- Reduce completion costs up to 25 percent, and
- Realize an uplift in production up to 20 percent.
“Unlike standard task automation, the SmartFleet system applies
intelligence and measurements that allow operators to make
stage-level decisions that optimize completions in real time,” said
Michael Segura, vice president of Production Enhancement for
Halliburton. “With this type of intelligent automation, operators
can now instantly see and control fracture outcomes that ultimately
lead to improved asset economics.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
more than 40,000 employees, representing 130 nationalities in more
than 70 countries, the Company helps its customers maximize value
throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
Company’s website at www.halliburton.com. Connect with Halliburton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210819005117/en/
For Investors: Abu Zeya Investor Relations
investors@halliburton.com 281-871-2688
For News Media: Erin Fuchs External Affairs
pr@halliburton.com 281-871-2601
Halliburton (NYSE:HAL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Halliburton (NYSE:HAL)
Historical Stock Chart
From Mar 2023 to Mar 2024