Here is a comment in Schlumberger's quarterly today about the refracking deal with Sundance.
"Also in South Texas, Sundance Energy Australia Limited and Schlumberger entered into an alliance to re-fracture at least five Eagle Ford wells in McMullen County, starting in the third quarter of 2016. According to the agreement, production increases from the refracturing treatments that exceed the production forecast of the wells provide the basis for Schlumberger remunerations. The re-fracturing campaign, led by IPS, is deploying BroadBand* unconventional reservoir completion services and is expected to generate a production increase of five-to-six times the current production rate for each well and a 40% to 50% improvement in the estimated ultimate recoverable reserves."
SEA Price at posting:
17.5¢ Sentiment: None Disclosure: Held
