ResFrac’s Automated Economic Optimization Tool

simulation with five wells in a hypothetical formation with two pay zones. In the base simulation, all the wells are landed in the upper pay zone. However, the algorithm is given the option to vary the landing depth of the second and fourth wells. The figures below show the ‘baseline’ simulation.

ResFrac’s automated optimization tool allows you to quickly and easily identify the economically best well spacing and frac design. This blog post steps through a simple demo of our built-in economics engine that is similar to those used by commercial software in the industry. It accounts for details such as working interest, different types of taxes, time-varying operations cost, etc.