American Oil and Gas Reporter - February 2022 - 45

" When you look at the quality of our
inventory, it is off the charts for a company
of our size, " affirms Chief Operating Officer
Jeff Balmer. " It includes goodquality,
stacked inventory that has a high
degree of confidence and a high degree
of profitability. "
The confidence stems from a combination
of extensive data and insights
from acquired positions and its own
proven history of project execution, bolstered
by an in-depth understanding of
parent-child well relationships in infill
drilling projects, he says.
Callon's 2019 acquisition of Carrizo
Oil & Gas included detailed knowledge
of the basin's vertical stacks through microseismic
and rigorous geologic understanding
of what constituted barriers between
benches such as the Wolfcamp B
and C, he says. The addition also brought
with it a strong set of data analysis and
predictive performance.
The acquisition of Primexx Energy
Partners last year included a trove of 3-D
seismic data and an in-depth understanding
of diverse components of the geologically
complex Delaware Basin, Balmer continues.
Callon's combined team utilized
AI for an extensive review of all the data,
including scenarios for geological barriers,
well spacing, completion designs and the
timing of well development to gauge potential
depletion, and set regional parameters
from information obtained in data
trades with nearby operators, he explains.
Tailored Development
The results from incorporating all the
data into a machine-learning-driven predictive
tool are enabling Callon to tailor
full-scale development to maximize recovery
and optimize capital efficiency, he says.
" Instead of seeing a lot of one-off,
three-well pads throughout an area, you
will see a lot of larger projects consisting
of multiple three- or even four-well pads
next to one another in the same area targeting
multiple benches throughout the
stack in order to maximize capital efficiency
and recovery, " Balmer notes.
" When we come in, we use a reasonable
approach to set the stage for inventory.
When you look at the analysis, it is a
boutique, pad-by-pad development program
for that specific area that has been
Callon Petroleum Company is incorporating machine learning-driven predictive analytics
to tailor full-scale development using a boutique, pad-by-pad approach that maximizes
recovery and optimizes capital efficiency.
extremely successful for us. "
With the aid of predictive analysis
and updated parameters, completion designs
can vary throughout a multiwell
project, he adds.
For example, engineers have the leeway
to push more proppant and fluid through
the initial toe phase on an 11,000-foot
lateral to achieve a more radial frac development.
" We can't drill to the lease
line, but can ensure that we are fully
stimulating the rock volume out to the
lease line, " Balmer comments.
The robust inventory assessment allowed
Callon to continue developing
lower zones during the 2020-21 downturn
instead of focusing chiefly on shallower
benches that are less expensive to drill
and complete, he reveals.
Planning and operating groups are one
in the same, meaning employees who
input data and deploy the software to
build an inventory assessment of the company's
2,500 wells are the same employees
who implement the drilling and completion
program and who are responsible and
accountable for its performance, he says.
Ongoing analysis also is a part of the
company's strategy to predict production
outcomes with extreme precision, Balmer
says. How precise? A predictive model
performed in November varied from
actual output by 5 barrels of oil equivalent
a day out of more than 100,000 boe/d actually
produced, he reports.
Twin Rig Approach
For privately held FireBird Energy
LLC of Fort Worth, technology includes
the latest in drilling and assessment systems
to determine how best to develop
an expanding footprint in the western
Midland Basin, says Chief Executive Officer
Travis Thompson.
With the addition of 21,000 leasehold
acres from Chevron in December, the company
is using petrophysical data from 400500
vertical legacy wells and seismic across
its now 72,000-acre position in Texas'
Ector, Midland, Crane and Upton counties
to optimize well planning, he says.
Execution is enhanced by pairing two
rigs on developments to strategically manage
reservoir pressure and lower rig cycle
times while targeting the Jo Mill, Lower
Sprayberry and Wolfcamp A and B zones,
Thompson reveals.
Twinning the rigs allows for simultaneous
development of a large portion of
a 1,280-acre unit from side-by-side pads,
with each rig drilling three-four wells
apiece before both move on in tandem,
he elaborates. Laterals are typically about
two miles long, or roughly the length of
combined sections.
The twinned rig practice reduces the
time from a dollar spent to a dollar
returned by 30%-40%, Thompson reports.
" Those four zones vary across the position,
but we know where each of them are and
feel confident with two rigs and can add
FEBRUARY 2022 45

American Oil and Gas Reporter - February 2022

Table of Contents for the Digital Edition of American Oil and Gas Reporter - February 2022

Contents
American Oil and Gas Reporter - February 2022 - Intro
American Oil and Gas Reporter - February 2022 - Cover1
American Oil and Gas Reporter - February 2022 - Cover2
American Oil and Gas Reporter - February 2022 - Contents
American Oil and Gas Reporter - February 2022 - 4
American Oil and Gas Reporter - February 2022 - 5
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American Oil and Gas Reporter - February 2022 - Cover3
American Oil and Gas Reporter - February 2022 - Cover4
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