Permian ‘child’ wells may cut oil recovery up to 20%, bank says

Published: 20/09/2019
Permian ‘child’ wells may cut oil recovery up to 20%, bank says
Source: WWW.WORLDOIL.COM

Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank.

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