Predictive Drilling Delivers Better Performance and $250k per Well Cost Savings in the Permian Basin

An operator with a four-well pad in the Permian Basin was struggling to enhance operational performance compared to existing offsets. The primary challenges included inconsistent drilling performance, elevated operational costs, and frequent bit trips, leading to increased non-productive time and overall inefficiency. To address these issues and improve operational outcomes, the operator enlisted Corva's Predictive Drilling.

The high utilization of Predictive Drilling ensured consistent performance by leveraging machine learning and AI to optimize drilling parameters in real-time. This approach saved 1.2 days on bottom, resulting in substantial cost savings of $250,000 vs. offsets and a 64% reduction in bit trips significantly enhancing performance and reducing overall costs.