Frack & Refrack: Drilling Expert Lectures SPE Group in PA

NOTE: This story has been corrected. The SPE meeting was not in Horseheads, NY but was in Carnegie, PA. Sorry for the error!

In early May, Mike Vincent, an engineer and consultant with Insight Consulting, was the guest presenter at the Society of Petroleum Engineers local chapter meeting hosted in Carnegie, PA. Mike had a lot of great things to say–and to show (two big PowerPoint presentations embedded below). Among the gems we found in Mike’s presentation: Marcellus wells drilled with 500 foot spacing produce as much as those spaced 1,000 feet apart, which means they don’t “compete” for the same gas reserves. Translation: closer well spacing means more wells per square mile, more production, and more profit for the driller and the landowner…

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