Refracturing treatments ("refracing") has the potential to have major impacts for operators, oilfield service companies, and their suppliers. Initial evidence indicates refracing can reduce average cost per barrel of oil when used on top candidate wells. There is still a lot of experimentation and technology being developed in this space that will continue to improve returns, and provide a strong market for those companies with appropriate technologies.
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ReFrac has become more common and with current depressed oil prices presents a large opportunity for companies that can overcome the technical hurdles.
The two charts below are from the free report. The first one highlights the number of ReFracs and the second one is a piechart that breaks down total (2011-2015) ReFracs by region. The Granular ReFrac Report will include much more detail relating to operators. service companies, trajectory (where available), and much more!
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