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Title: Wireless Economics 101
Author: Brian Lux
Source: 2022 International School of Hydrocarbon Measurement
Year Published: 2022
Abstract: Over the last several years, operators across North America tight oil and shale gas basins have achieved a step change in productivity improvements by applying advanced manufacturing processes in drilling and completion operations. This shift in operational philosophy demonstrates the benefits of changing traditional operating strategies. This continuous improvement mindset can also be applied to how production facilities are designed and constructed to ensure safe, reliable operations for the duration of a field development. Operators cannot control the prevailing commodity prices, but they can create value by changing the efficiency in which wells are drilled, brought to production and operated. Based on a study of 34 different operators across North America, producers that use standardized well pad designs and the latest wireless automation technologies have achieved more than 75k of capital savings per 4- pad well, while also improving production, reliability and safety.

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