'Flexible factory' steadies unconventional gas work

03/15/2010
Enhancing operational flexibility of the factory approach to unconventional-gas drilling programs can help operators lower the risk of inefficient use of capital, which some have encountered with costly results. To achieve such flexibility, operators can establish internal and external triggers allowing them to adjust to unforeseen changes in markets, geology, availability of services and supplies, and other operational challenges.While the industry has made great progress in terms of reducing development cost and compressing cycle time by standardizing process and technical design, the dramatic collapse of gas prices in 2008 and the subsequent liquidity crisis have forced companies to re...
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