SAN ANTONIO, Aug. 9, 2016 /PRNewswire/ -- WellDog Pty Ltd ('WellDog') announced today the launch of its Shale SweetSpotter service, the first commercial reservoir-evaluation analysis technology specific to unconventional natural gas, following successful field trials with its industry partner, Shell International Exploration & Production, Inc.
WellDog's unique next-generation downhole technology uses lasers and sophisticated detectors to identify the locations where natural gas and natural gas liquids occur in shale formations, allowing producers to focus development efforts, reduce drilling costs, optimize production, and reduce the number of hydraulic fracturing stages and associated water usage.
"This development really changes the way operators can approach their new field development and refracturing decisions," said James Walker, COO of WellDog. "This new service provides a high level of assurance that our customers are going to land their laterals in high quality pay zones."
This service uses WellDog's award-winning Reservoir Raman System which was originally developed to find sweet spots in coalbed methane developments. In 2014, the company began developing new shale-based applications for the technology. Shale SweetSpotter was developed with the target of increasing the number of producing fracs by 100 percent or more. This is accomplished by using the industry's only downhole Raman spectrometer to directly identify locations of producible hydrocarbons across the formations, making the service more accurate, reliable, affordable and quick to deploy in comparison to traditional lab-based services.
In a time of rising development costs, downward commodity price pressures and slimming margins, technologies such as this new service helps significantly improve well economics and boost well performance via efficiency gains, allowing operators to optimize economics on both the exploration and production sides of the development equation.
"With oil prices fluctuating near breakeven, operators are increasingly searching for methods to reduce finding costs and increase output," said John Pope, Ph.D., President and CEO of WellDog. "This service, when properly deployed, will increase estimated ultimate recovery as well as reduce exploration costs, which has a double impact on a producer's return on investment. And this has a major impact on the industry's economic sustainability."
ABOUT WellDog: WellDog is an energy-focused technical services company that provides practical technical and business solutions in a high volume, cost effective manner with a remarkable customer focus. The company's mission is to develop and deploy innovative technologies to produce resources faster, responsibly and sustainably. Since 1999, WellDog has focused on providing cost effective, reliable, accurate subsurface data and data collection systems to high volume resource production operators such as shale oil and gas, coalbed methane, and coal mining operators. The company's ultimate aim is to assist in improving economic quality of life without reducing environmental quality of life. For more information, visit www.welldog.com.
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