Pad Scenario Analysis (PSA): The tool in Petro.ai is called the Pad Scenario Designer App. The service Petro.ai provides is Pad Scenario Analysis, PSA, customized work for clients that answers the questions—what should my optimal spacing be, how many wells is the optimal number in a target, what’s the best sequencing order of my wells, how much am I actually draining?
Completions Scenario Analysis (CSA): Also using the Pad Scenario Designer App, the Completions Scenario Analysis, CSA, is a sensitivity analysis on completions design that answers questions such as, how does adjusting proppant/ft or fluid/ft affect the productivity and economics of DUCs (drilled uncompleted wells).
Pad Scenario Designer App: The Pad Scenario Designer App inside the Petro.ai platform is an interactive way to explore productivity and economic tradeoffs of well spacing, landing intervals, vertical placement, well sequencing, parent/child/sibling interactions.
Your business-critical decisions demand technical assurance. Best of breed in terms of accuracy, Petro.ai delivers a full technical assurance package with PSA and CSA reports compiled for you. Our AI driven platform builds subsurface models trained on a constant integration of current data, provides consistent customized results and delivers just-in-time tradeoff decision matrices for a fast overview of your Pad Scenario Analysis and Completions Scenario Analysis.
“Think about it,” Dr. Troy Ruths, CEO of Petro.ai begins, “Every manager is asking, how do I deliver technical assurance for our asset team? We make too many decisions in PowerPoints. What if someone had a plot wrong? As a technical person, I can’t give you technical assurance because you could have fat fingered your plot. You can’t click on your PowerPoint presentation and question it, dig deeper, analyze. Someone could have done something wrong in excel and that’s why we did 3,000 pounds/foot of proppant. Someone may have not cleaned the data and that could be an issue. But we don’t know because we don’t have a platform that allows interactive questioning.
“Petro.ai builds your own sensitivity analysis on pad and/or completions design. And the benefit of a third party coming in and delivering is it provides consistency and no cognitive bias. We do the same thing every time. And we do it across the industry. And, this is very important, we deliver to you right away. We constantly integrate learnings in customized reports that accelerate you to the finish line.
“The critical places we’re providing a model are:
Wells per section per interval
Targeting—once you have the well in the section, where do you target?
Monitoring for drainage
“This is where we inject value, addressing these bulleted points in the Pad Scenario Designer App and creating for you a Pad Scenario Analysis and a Completions Scenario Analysis. The FracPrint AI, our Frac Geometry Model in the app, incorporates a full drainage model. This is the only tool in the industry today that takes the most critical variable into account which is, exactly what are you draining?
“Pad Scenario Analysis is critical as your geo model. And in the Completions Scenario Analysis, frac van data/curves inform the model with the high frequency completions data coming from the on-site frac equipment. We can also learn from your time series data.The accuracy of the AI system in the Petro.ai platform is so high, 95%+, because of drainage calculations and a geomechanical understanding of the geology you’re operating inside of.
“It’s also important to understand that we’re not answering these questions, with PSA and CSA we’re giving you a range of sensitivities by which you can answer the questions. You have things you need to know right now where you can’t try multiple sensitivities. We’re giving you the tradeoff sensitivities. Every well lifecycle decision is better if you have sensitivities. Then, we enhance each sensitivity with economics to enable you to make the right decision every single time.
“What do those sensitivities look like at the pad level? We’re going to give you sensitivities on—wells per section, targeting, the stage design. For wells per section you need to be able to drag wells around to try different placements based on shifting variables. Targeting and wells per section are related but you might be given wells per section first, then you need to figure out the targeting. Whatever the initial inputs are, you need to be able to move these things up and down to try different options.