Why use the Frac Interference Exchange?
Because acreage often offsets multiple different operators (both at surface and underground), the ability to share fracking schedules is critical to avoid hazards and economic waste.
Offered as a free service to the oil & gas industry, the PDS Frac Interference Exchange is a reciprocal data sharing network for oil & gas companies to share hydraulic fracturing schedules. By sharing frac schedules, operators can proactively prevent the safety and economic risks posed by simultaneous fracking and nearby well operations.
Offset hydraulic frac identification and well preparation is an ongoing problem facing producers across multiple basins. Horizontal drilling has led to lateral wells extending outward a mile or more from a surface drilling location. Pared with close well spacing in many onshore producing regions, hydraulic fracturing on a well adjacent to other wells – either producing or being drilled – creates significant risks. These include a blow-out and water-out as high pressure from fracking forces gas and liquids through a shared subsurface producing zone and upward in nearby wells.
The Frac Interference Exchange (FRACX) mitigates these risks by enabling oil & gas producers to seamlessly share information about their frac operations.
Why use the Frac Interference Exchange?
Because acreage often offsets multiple different operators (both at surface and underground), the ability to share fracking schedules is critical to avoid hazards and economic waste.
How do I add frac schedules to the exchange?
Frac schedule data is loaded manually or via an excel import. Data is exported via excel.
Who can join the Frac Interference Exchange?
Participation in the PDS Frac Interference Exchange is open to producers with drilling and production operations in the United States or Canada.
What is the cost to join the Frac Interference Exchange?
The Frac Interference Exchange is provided free of charge as a service to the oil & gas industry. For more information on joining, please contact PDS Energy today.
For more information and details on how to join the PDS Frac Interference Exchange, please contact us.