Refracturing treatments (“refracing”) has the potential to have major impacts for operators, oilfield service companies, and their suppliers. Initial evidence indicates refracing can reduce average cost per barrel of oil when used on top candidate wells. There is still a lot of experimentation and technology being developed in this space that will continue to improve returns, and provide a strong market for those companies with appropriate technologies.
This topic has been super hot lately. Are operators seriously considering refracs? What service companies are involved? What basins have historically been refrac’ed?
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