For a typical E&P operator trying to maximize free cash flow, there are an effectively infinite number of asset development options: How many rigs and crews are needed? What is the right sequencing of work? What is the optimal completion design?

While a common approach to simplifying the challenge is to focus on optimizing a handful of wells at a time, new modeling methods and computational solutions (e.g. quantum computing) are being tested to attack the global optimization challenge directly.

Project Geminae, founded in 2021, is one such innovative solution provider that has recently come off their first commercial project where they demonstrated over $1 billion in savings. To better understand the solution, Darcy sat down with Project Geminae Co-Founder Lewis Matthews to record a Video Overview of their approach: