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Multi-well hydrofracturing is a key technology in engineering, and the evaluation, control and optimization of the fracturing network determine the recovery rate of unconventional oil and gas production. In engineering terms, altering well spacing and perforation initiation sequences changes fracture propagation behavior. Fracture propagation can result in fracture-to-fracture and well-to-well interactions. This may be attributed to the interference between fractures caused by squeezing of the reservoir strata. Meanwhile, the stratal movement caused by the propagation of the fractures may lead to either the secondary fracturing of wells with primary fractures or perforation to begin fracturing. Besides, the stratal compression and squeeze of multi-well hydrofracturing will cause earthquakes; the fracture size is different owing to the different fracturing scenarios, and the occurrence of induced microseismic events is still unknown; microseismic events also affect fracture orientation and deflection. If the mechanism of the above mechanical behavior cannot be clarified, optimizing the fracture network and reduce the induced microseismic disaster becomes difficult.

In this study, combined finite element-discrete element models were used to simulate the multi-well hydrofracturing. Numerical cases compared the fracture network, dynamic stratal movement and microseismic events at 50, 75 and 100 m well spacings, respectively, and varying initiation sequence of multiple horizontal wells.

From the results, fracture propagation in multi-well hydrofracturing may simulate the propagation and deflection of adjacent fractures and induce fracture-to-fracture and well-to-well interactions. As the well spacing increases, the effect of fracturing-induced stratal movement and squeezing deformation decrease. In alternate fracturing, starting from a well located in the middle can effectively reduce the influence of stratal movement on fracturing, and the fracturing scenario with cross-perforation can minimize the influence of stratal movement. The stratal movement between multiple wells is positively correlated to microseismic events, which behaviors can be effectively weakened by reducing the strata movement.

The fracture network, thermal-hydro-mechanical coupling, fracturing-induced stratal movement and microseismic events were analyzed. This study analyzed the intersection and propagation behavior of fractures in multi-well hydrofracturing, which can be used to evaluate and study the mechanism of hydrofracturing fracture network propagation in multiple horizontal wells and conduct fracture optimization research to form an optimized hydrofracturing scheme by reasonably arranging the spacing between wells and initiation sequences of perforation clusters.

The purpose of this study is to estimate different data models on house prices using statistical models and the variables which are controlled by real estate policy.

This study used several statistical techniques, such as Vector auto-regression (VAR), Johansen co-integration and variance decomposition, which aim to assess the significant effect of macroeconomic factors on Chinese house prices.

The results show that land supply and other variables have negative effects on house prices. The results also indicate that financial mortgages for real estate have positive effects on house prices and the area of vacant houses as well as the area of housing sold.

This study only covers three cities in China because of limitations of data for other cities.

This study proposes policy suggestions according to the empirical results obtained.