3 Strategies for Shutting in Wells (or Lowering Production)
In this video, Derek sits down with WellDatabase CEO & Co-Founder, John Ferrell, to discuss 3 basic options for shutting in wells or lowering production. Operators across the world have been shutting in wells to preserve cash flow, cut operating expenses, and prevent longterm damage to their assets. However, operators have not openly discussed what their strategy is for doing such. With John’s database of well info and fancy algorithms, we give our input on this tough strategic move.