HOUSTON—U.S. shale plays have undoubtedly transformed the oil and gas sector, sending production to new highs. But looking at recovery rates, everyone knows it could be better.
Eyeing recovery factors between 5% and 10% for some shale wells, Comitt Well Solutions—an oil and gas startup based in the Houston suburb of Katy, Texas—found a niche to attack. Eivind Moen, the company’s co-founder and business development manager, told a roomful of people gathered at Rice University that the company decided to focus on downhole tool technologies to increase recovery. Its first product targeted the refracturing market.
The intervention tool, called Excite, allows users to pinpoint a fracture and restimulation of existing and newly added perforation clusters.