Canadian Mid-Cap Increases 2-Year Free Cash Flow by $500,000 Per Well
PrePad • 1 April 2025
Understanding Trade-offs
Using PrePad’s simulation software, Artis was able to determine the trade-off between production, cost, and cycle time for several major design variables. These design variables studied included wells per pad, lateral length, stage spacing, sand loading, and fluid loading. The trade-offs were evaluated using the economic measure of 2-Year Before Tax Cashflow.
How PrePad Helped
To optimize Artis’s most important business metrics, PrePad simulated the end-to-end drilling and completions process for thousands of unique well designs. This simulation enabled Artis to quickly estimate costs and cycle times with extreme accuracy, which in turn allowed Artis to discover ways to increase 2-year free cash flow by $500,000 per well.
OTHER CASE STUDIES
Using 22 well pad designs and 9 unique frac efficiency values, Devon was able to quickly identify the optimal equipment and pricing structure from their 15 frac proposals.
By running over 10 times more iterations than practical, Shell could identify where it makes sense to use plug and perf and single point entry completions designs.