Well spacing optimization is one of the more important considerations in unconventional field development. The essence of field development and optimization is to use completions design and well spacing to optimize the net present value (NPV) of the field on the basis of current commodity pricing, capital expenditure (CAPEX), operating cost, cycle time, and net revenue interest. A substantial variation in any of these essential factors must be studied to make sure the appropriate changes are accounted for in field development and optimization. A fast-paced and dynamic work flow has been developed that can be applied in different shale reservoirs to maximize the NPV of these assets.
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