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Steve Diederichs

Steve Diederichs

Director of Oil & Gas Research at Enverus Intelligence Research, leading L48 oil analysis on shale well performance and remaining inventory.

Sep 17, 2026

2:12
Um, what are your thoughts on the effectiveness of, uh, of, of those techniques and what you're seeing in the data and then pushback or commentary that you're also hearing from clients on that sort of creative drilling or lateral length extension?
2:27
Yeah, so it's the one that I would say we've had the clearest tie between cost improvements over the last number of years.
2:36
It's just if you want to drive down costs, drill longer laterals.
2:38
That's the easiest way to do it.
2:41
You know, in the last couple of years, especially in the oily basins, we've seen three milers become more and more commonplace.
2:49
And very quickly, that's been replaced by four milers as being sort of the bleeding edge here.
2:55
Um, so a number of basins and operators where we're starting to see four milers, um, from the actual recovery impact, uh, all the work that we've done, uh, shows, you know, three mile wells on a per foot EUR basis come right in line with two mile wells, very little in the way of degradation there.
7:13
If you could expand on what you're seeing in the data and then any sort of feedback from other operators that you met with, that would be great.

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