Optimizing well placement is part of the process to help increasingly maximize productivity and returns on investment. Well placement in the Permian Basin, for example, often has an accuracy of less than 10 feet within formations that can be as thick as 100 feet or more.
This webinar highlights how a 3D subsurface model can optimize well placement by using historical well data. By correlating past well placement to known production rates, this model enables operators to place wells more accurately within a formation, thus reducing the potential for dry or low-producing wells. Through the Landmark DecisionSpace® Geosciences software suite, geologists and engineers can leverage cross-domain workflows to increase the accuracy and speed of their well-placement decisions.