US Large-Cap Reduces Frac RFP Analysis Time From Several Weeks to Less Than a Day

Frac RFP Quantitative Analysis

In 2023, Devon included 15 different frac service company bids in their formal RFP with the aim of finding the best supplier for their specific frac needs. Each frac service provider had various equipment offerings and varying pricing structures, making proposal comparison a complicated and cumbersome task.

How PrePad Helped

Using 22 well pad designs and 9 unique frac efficiency values, Devon was able to simulate 2,970 different scenarios to quickly identify the optimal equipment and pricing structure from their 15 frac proposals. This scope of work, using legacy excel spreadsheets, would typically take Devon one month to complete. Once calibrated, PrePad provided the same information in less than a day.