Halliburton SmartFleet Technology Enables Real-Time Fracture Control in the Permian Basin

Rhea-AI Summary

Halliburton Company (NYSE: HAL) announced the successful implementation of its SmartFleet™ intelligent fracturing system in the Permian Basin, which improves subsurface fracture placement and overall completion execution. Key benefits include a 30% improvement in cluster uniformity, 25% reduction in completion costs, and up to 20% uplift in production. This technology enables real-time control and insights into fracture performance, allowing operators to optimize completions based on dynamic reservoir behavior.

Positive

• Improved cluster uniformity by 30%.
• Reduced completion costs by 25%.
• Increased production by up to 20%.
• Real-time control of fracture placement enhancing completion execution.

Negative

• None.

Halliburton Company (NYSE: HAL) announced today a successful execution of its SmartFleet™ intelligent fracturing system with a major operator in the Permian Basin.

“We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement,” said Aaron Hunter, vice president of the Midland Basin for ConocoPhillips. “These insights lead to informed decisions that improve fracture performance.”

SmartFleet technology integrates intelligent automation and visualization with subsurface measurements across multiple wells simultaneously to dynamically respond to reservoir behavior. By using the SmartFleet system, operators can achieve real-time control of fracture placement and improve overall completion execution. In addition to optimizing fracture placement across every stage, the SmartFleet system provides real-time insights to manage frac hits and understand the impact they have on fracture performance.

Based on various successful runs to date across multiple basins, SmartFleet has helped operators:

• Improve cluster uniformity up to 30 percent,
• Optimize stage lengths,
• Reduce completion costs up to 25 percent, and
• Realize an uplift in production up to 20 percent.

“Unlike standard task automation, the SmartFleet system applies intelligence and measurements that allow operators to make stage-level decisions that optimize completions in real time,” said Michael Segura, vice president of Production Enhancement for Halliburton. “With this type of intelligent automation, operators can now instantly see and control fracture outcomes that ultimately lead to improved asset economics.”

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.

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FAQ

What is Halliburton's SmartFleet technology?

SmartFleet is an intelligent fracturing system that enhances subsurface fracture placement and completion execution through real-time control and insights.

How much has SmartFleet improved cluster uniformity?

SmartFleet has improved cluster uniformity by up to 30%.

What reduction in completion costs has Halliburton achieved with SmartFleet?

SmartFleet technology has reduced completion costs by up to 25%.

What uplift in production can be expected from using SmartFleet?

Using SmartFleet can result in an uplift in production of up to 20%.

When was the SmartFleet system successfully implemented?

Halliburton announced the successful execution of the SmartFleet system in the Permian Basin.