Denver, CO – IPT Well Solutions has recently announced its successful involvement in the BL Vintage Pad program in Colorado’s Denver-Julesburg (DJ) Basin. This multi-well project encompassed the Buckley and Barr Lake wells and showcased outstanding performance in drilling, lateral utilization, and cost-efficiency. The initiative highlights IPT’s expertise and continued leadership in unconventional well development.
Throughout the project, IPT managed engineering oversight and optimized performance at every stage, ensuring consistent lateral delivery and effective drilling operations. Their approach integrated pre-job modeling, real-time surveillance, and insights from previous activities in the region, leading to impressive benchmarks such as:
Total depths of 19,456 ft for Buckley and 22,954 ft for Barr Lake
Drilling times of 5.6 and 6.1 days respectively
Costs per well of $1.9MM for Buckley and $2.2MM for Barr Lake
Complete lateral utilization and target utilization rates up to 91%
The project also demonstrated a significant reduction in non-productive time (NPT), accounting for only 9% of total operations. Key challenges like formation variability and surface logistics were adeptly managed, ensuring optimal cement execution and service integration. Jim Jacobsen, Drilling Manager, emphasized the program’s focus on technical precision, service collaboration, and ongoing improvement.
Post-project evaluations by IPT have identified further cost-saving strategies and operational enhancements for future projects. These include transitioning to highline power, optimizing mud weights, and potentially incorporating managed pressure drilling for deeper segments.
David Mannon, CEO of IPT Well Solutions, credits their project management expertise for meeting stringent cost and time objectives, underscoring IPT’s role in advancing efficient and effective well construction practices.
For more detailed information on the strategies and outcomes of the BL Vintage Pad project, read the full press release on AP News.
