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Halliburton Gives Major Operator Real-Time Automated Control of Fracture Placement

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Halliburton Company (NYSE: HAL) announced a breakthrough in the Permian Basin with its SmartFleet™ intelligent fracturing system, achieving real-time control of fracture placement on a multi-well pad. This system leverages automation and subsurface measurements, improving fracture performance and completion execution. Major enhancements include reduced fluid usage per stage, longer stage lengths, and a 20% improvement in uniform treatment placement compared to traditional methods. This innovation aims to optimize costs and performance, enhancing asset economics in the energy sector.

Positive
  • Achieved real-time control of fracture placement with SmartFleet™ system.
  • Reduced total fluid required per stage, enhancing efficiency.
  • Extended stage lengths, improving operational effectiveness.
  • 20% improvement in uniform treatment placement compared to traditional methods.
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  • None.

Halliburton Company (NYSE: HAL) today announced it successfully delivered real-time control of fracture placement while pumping on a multi-well pad using the SmartFleet™ intelligent fracturing system in the Permian Basin.

An industry first, SmartFleet applies automation enabled by subsurface measurements and real-time visualization to intelligently adapt and respond to reservoir behavior, driving real-time improvement in completion execution and fracture outcomes.

SmartFleet intelligent fracturing system delivered several groundbreaking achievements. It provided the operator with real-time visibility downhole to instantly validate fracture performance and manage fracture placement – allowing the operator to consistently visualize and measure fracture propagation and ultimately control fracture placement through automation. With enhanced 3D measurement and live insights, the operator shortened the learning curve by solving fracture optimization challenges that historically would have taken numerous iterations to address. This resulted in more dynamic and accurate decision-making, as well as live placement and execution adjustments that ultimately improved asset economics.

Using intelligent automation, the system resulted in less total fluid required per stage, significantly extended stage lengths, and more consistently placed all the designed proppant for the stage. Additionally, SmartFleet successfully delivered uniform fracture distribution across clusters, more consistently, stage to stage and well to well, improving uniform treatment placement by up to 20 percent compared to conventional baseline fracture stages.

“No other system lets you see, measure, and control how you land your fracs,” said Michael Segura, vice president of Production Enhancement. “If you want every stage to count, SmartFleet intelligent automation gives you the confidence to drive fracture performance in real time, so you can continually optimize cost and performance.”

ABOUT HALLIBURTON

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the Company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

FAQ

What is Halliburton's SmartFleet™ system?

SmartFleet™ is Halliburton's intelligent fracturing system that provides real-time control of fracture placement, improving completion execution in drilling operations.

How does SmartFleet™ impact asset economics?

The SmartFleet™ system enhances asset economics by optimizing costs and performance through real-time improvements in fracture placement and execution.

What are the key benefits of using SmartFleet™ in the Permian Basin?

Key benefits include reduced fluid usage per stage, extended stage lengths, and a 20% improvement in uniform treatment placement compared to conventional methods.

When was the SmartFleet™ system announced?

The SmartFleet™ system was announced by Halliburton on a recent date, highlighting its implementation in the Permian Basin.

What company operates the SmartFleet™ system?

The SmartFleet™ intelligent fracturing system is operated by Halliburton Company, a leading provider of energy industry services.

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