U-Turn Wells: Strategic Financial Benefits
Altitude Energy Partners has refined U-turn well drilling, allowing operators to access larger reservoirs, particularly in unconventional formations.
U-turn wells pose unique and complex drilling challenges, requiring specialized expertise. AEP offers fit-for-purpose solutions backed by extensive experience, having successfully supported more than 26 U-turn wells. From detailed pre-planning and advanced modeling to execution, AEP delivers reliable, proven services that ensure performance and minimize risk throughout the entire drilling process.
U-turn wells offer significant financial benefits by extending reach to access previously uneconomic reserves, turning them into profitable opportunities. By eliminating the need for intermediate sections, they reduce capital expenditure, cutting drilling and completion costs while maximizing return on investment. These wells increase the rate of return (ROR) by 25-40%, driven by improved resource extraction and effective use of drilled footage. Additionally, U-turn wells simplify operations, reducing trips and equipment wear, which lowers maintenance costs. They also deliver similar footage to two one-mile laterals while reducing expenses, making them a strong choice for challenging reservoirs.
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U-Turn Drilling Innovations Article
U-Turn wells are being employed increasingly by operators to gain access to greater amount of reserves while simultaneously yielding significant savings.
