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Multi-well hydrofracturing is an important technology to create new fractures and expand existing fractures to increase reservoir permeability. The propagation morphology of the fracture network is affected by the disturbance between the fractures initiation sequences and spacings between adjacent wells. However, it remains unclear how well spacing and initiation sequences lead to fracture propagation, deflection and connection.

In this study, the thermal-hydro-mechanical coupling effect in the hydrofracturing process was considered, to establish a finite element-discrete element model of multistage hydrofracturing in a horizontal well. Using typical cases, the unstable propagation of hydraulic fractures in multiple horizontal wells was investigated under varying well spacing and initiation sequences. Combined with the shear stress shadow caused by in situ stress disturbed by fracture tip propagation, the quantitative indexes of fracture propagation such as length, volume, displacement vector, deflection and unstable propagation behavior of the hydrofracturing fracture network were analyzed.

The results show that the shear stress disturbance caused by multiple hydraulic fractures is a significant factor in multi-well hydrofracturing. Reducing the spacing between multiple wells increases the stress shadow area and aggravates the mutual disturbance and deflection between the fractures. The quantitative analysis results show that a decrease of well spacing reduces the total length of hydraulic fractures but increases the total volume of the fracture; compared with sequential and simultaneous fracturing, alternate fracturing can effectively reduce stress shadow area, alleviate fracture disturbance and generate larger fracture propagation length and volume.

The numerical models and results of the unstable propagation and stress evolution of the hydraulic fracture network under thermal-hydro-mechanical coupling obtained in this study can provide useful guidance for the evaluation and design of rock mass fracture networks in deep unconventional oil and gas reservoirs.

With the development of fracturing technology, the research of multi-well hydrofracturing becomes the key issue. Frac-hits in multi-well hydrofracturing has an important effect on fracture propagation and final production of fractured well; in the process of hydrofracturing, there are many implement parameters that can affect frac-hits, and previous studies in this area have not systematically targeted the influence of a single parameter on multi-well hydrofracturing. Therefore, it is of great significance to study the occurrence rule and influence of frac-hits for optimizing the design of fracturing wells.

Based on the proposed numerical models, the effects of different fracturing implement parameters (perforation cluster spacing, well spacing and injection rate) on frac-hits are compared in numerical cases. Through the analysis of fracture network, stress field and microseismic, the effects of different fracturing implement parameters on frac-hits and connections are compared.

The simulation results show that the effect of perforation cluster spacing and well spacing on frac-hits is greater than that of injection rate. Smaller well spacing makes it easier for fractures between adjacent wells to interact with each other, which increases the risk of frac-hits and reduces the risk of fracture connections. Smaller perforation cluster spacing results in larger individual fracture lengths and greater deflection angles, which makes the possibility of frac-hits and connections greater. The lower the injection rate, the lower the probability of frac-hits.

In this study, the influence of different fracturing implement parameters on frac-hits and connections in multi-well hydrofracturing is studied, and the mechanism of frac-hits and connections is analyzed through fracture network, stress field and microseismic analysis. Different simulation results are compared to optimize fracturing well parameter design and provide reference for engineering application.

The unstable dynamic propagation of multistage hydrofracturing fractures leads to uneven development of the fracture network and research on the mechanism controlling this phenomenon indicates that the stress shadow effects around the fractures are the main mechanism causing this behaviour. Further studies and simulations of the stress shadow effects are necessary to understand the controlling mechanism and evaluate the fracturing effect.

In the process of stress-dependent unstable dynamic propagation of fractures, there are both continuous stress fields and discontinuous fractures; therefore, in order to study the stress-dependent unstable dynamic propagation of multistage fracture networks, a series of continuum-discontinuum numerical methods and models are reviewed, including the well-developed extended finite element method, displacement discontinuity method, boundary element method and finite element-discrete element method.

The superposition of the surrounding stress field during fracture propagation causes different degrees of stress shadow effects between fractures and the main controlling factors of stress shadow effects are fracture initiation sequence, perforation cluster spacing and well spacing. The perforation cluster spacing varies with the initiation sequence, resulting in different stress shadow effects between fractures; for example, the smaller the perforation cluster spacing and well spacing are, the stronger the stress shadow effects are and the more seriously the fracture propagation inhibition arises. Moreover, as the spacing of perforation clusters and well spacing increases, the stress shadow effects decrease and the fracture propagation follows an almost straight pattern. In addition, the computed results of the dynamic distribution of stress-dependent unstable dynamic propagation of fractures under different stress fields are summarised.

A state-of-art review of stress shadow effects and continuum-discontinuum methods for stress-dependent unstable dynamic propagation of multiple hydraulic fractures are well summarized and analysed. This paper can provide a reference for those engaged in the research of unstable dynamic propagation of multiple hydraulic structures and have a comprehensive grasp of the research in this field.

Simultaneous hydrofracturing of multiple perforation clusters in vertical wells has been applied in the stimulation of hydrocarbon resources reservoirs. This technology is significantly impeded due to the challenges in its application to the multilayered reservoirs that comprise multiple interlayers. One of the challenges is the accurate understanding and characterization of propagation and deflection of the multiple hydraulic fractures between reservoirs and embedded interlayers.

Numerical models of the tight multilayered reservoirs containing multiple interlayers were established to study hydrofracturing of multiple perforation clusters and its influencing factors on unstable propagation and deflection of hydraulic fractures. Brittle and plastic multilayered reservoirs fully considering the influences of different in situ stress ratio and physical attributes for reservoir and interlayer strata on propagations of hydraulic fractures were investigated. The combined finite element–discrete element method and mesh refinement strategy were adopted to guarantee the accuracy of stress solutions and reliability of fracture path in computation.

Results show that the shear stress fields between adjacent multiple hydraulic fractures are superposed to cause fractures deflection. Stress shadows induce the shielding effects of hydraulic fractures and inhibit fractures growth to emerge unstable propagation behaviors, and a main single fracture and several minor fractures develop. As the in situ stress ratio increases, hydraulic fractures more easily deflect toward the direction of maximum in situ stress, and stress shadow and mutual interaction effects between them are intensified. Compared to brittle reservoir, plastic-enhanced reservoir may limit fracture growth and cannot form long fracture length; nevertheless, plastic properties of reservoir are prone to induce more microseismic events with larger magnitude.

The obtained fracturing behaviors and mechanisms based on engineering-scale multilayered reservoir may provide effective schemes for controlling and estimating the unstable propagation of multiple hydraulic fractures.

The purpose of this study is to investigate the unstable propagation of parallel hydraulic fractures induced by interferences of adjacent perforation clusters and thermal diffusion. Fracture propagation in the process of multistage fracturing of a rock mass is deflected owing to various factors. Hydrofracturing of rock masses in deep tight reservoirs involves thermal diffusion, fluid flow and deformation of rock between the rock matrix and fluid in pores and fractures.

To study the unstable propagation behaviours of three-dimensional (3D) parallel hydraulic fractures induced by the interferences of adjacent perforation clusters and thermal diffusion, a 3D engineering-scale numerical model is established under different fracturing scenarios (sequential, simultaneous and alternate fracturing) and different perforation cluster spacings while considering the thermal-hydro-mechanical coupling effect. Stress disturbance region caused by fracture propagation in a deep tight rock mass is superimposed and overlaid with multiple fractures, resulting in a stress shadow effect and fracture deflection.

The results show that the size of the stress shadow areas and the interaction between fractures increase with decreasing multiple perforation cluster spacing in horizontal wells. Alternate fracturing can produce more fracture areas and improve the fracturing effect compared with those of sequential and simultaneous fracturing. The larger the temperature gradient between the fracturing fluid and rock matrix, the stronger the thermal diffusion effect, and the effect of thermal diffusion on the fracture propagation is significant.

This study focuses on the behaviours of the unstable dynamic propagation of 3D parallel hydraulic fractures induced by the interferences of adjacent perforation clusters and thermal diffusion. Further, the temperature field affects the fracture deflection requires could be investigated from the mechanisms; this paper is to study the unstable propagation of fractures in single horizontal well, which can provide a basis for fracture propagation and stress field disturbance in multiple horizontal wells.

The paper models the financial interconnectedness and systemic risk of shadow banks using Granger-causal network-based measures and takes the Indian shadow bank crisis of 2018–2019 as a systemic event.

The paper employs pairwise linear Granger-causality tests adjusted for heteroskedasticity and return autocorrelation on a rolling window of weekly returns data of 52 financial institutions from 2016 to 2019 to construct network-based measures and calculate network centrality. The Granger-causal network-based measure ranking of financial institutions in the pre-crisis period (explanatory variable) is rank-regressed with the ranking of financial institutions based on maximum percentage loss suffered by them during the crises period (dependent variable).

The empirical result demonstrated that the shadow bank complex network during the crisis is denser, more interconnected and more correlated than the tranquil period. The closeness, eigenvector, and PageRank centrality established the systemic risk transmitter and receiver roles of institutions. The financial institutions that are more central and hold prestigious positions due to their incoming links suffered maximum loss. The shadow bank network also showed small-world phenomena similar to social networks. Granger-causal network-based measures have out-of-sample predictive properties and can predict the systemic risk of financial institutions.

The study considers only the publicly listed financial institutions. Also, the proposed measures are susceptible to the size of the rolling window, frequency of return and significance level of Granger-causality tests.

Supervisors and financial regulators can use the proposed measures to monitor the development of systemic risk and swiftly identify and isolate contagious financial institutions in the event of a crisis. Also, it is helpful to policymakers and researchers of an emerging economy where bilateral exposures' data between financial institutions are often not present in the public domain, plus there is a gap or delay in financial reporting.

The paper is one of the first to study systemic risk of shadow banks using a financial network comprising of commercial banks and mutual funds. It is also the first one to study systemic risk of Indian shadow banks.

This study empirically investigates the interdependency of select Asian emerging economies along with the financial stress index during the times of the global financial crisis, the Euro crisis and the COVID-19 period. Moreover, it inspects the long-memory effects of the different crises during the study period.

To address the objectives of the study, the authors apply different statistical tools, namely the adjusted correlation coefficient, fractionally integrated generalised autoregressive conditional heteroskedasticity (FIGARCH) model and wavelet coherence model, along with descriptive statistics.

Financial stress is having a prodigious effect on the economic growth of select economies. From the data analysis, it is found that the long-memory effect is noted in the gross domestic product (GDP) for India and Korea only, which implies that the volatility in the GDP series for these two nations demonstrates persistence and dependency on previous values over a lengthy period.

The study is unique of its kind to consider multi-segments within the period of the study to get a clear idea about the effects of the financial stress index on select Asian emerging economies by applying different econometric tools.

The purpose of this paper is to critique the metaphor of “shadow organizing” in relation to researchers’ allegedly ontological commitment to processual metaphysics.

The paper focuses on the association of “shadow organizing” with post-epistemologies that are grounded in process ontology. The investigation examines aspects of relational thinking and is guided by John Dewey and Arthur Bentley’s genealogical reconstruction of modes of inquiry.

Inquiry is construed in either substantialist or relational ways by researchers. By using the metaphor of “shadow organizing,” the relational aspects of organizational phenomena are prioritized for explorative purposes. Other research objectives are aided by substantialist modes of inquiry. It is the argument of the paper, however, that relational research approaches need not make commitment to process ontology, and that the relational ambitions imbued in the metaphor of shadow organizing are in fact better honored for their methodological virtues.

The paper’s original contribution consists in critiquing post-epistemological attempts to ground organization studies in ontological first principles of process metaphysics. The paper argues that the metaphor of “shadow organizing” is a promising concept that is better appreciated as a methodological move than an ontological commitment.

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.