A method for optimizing well spacing for a multi-well pad which includes a first group of wells and a second group of wells is provided. The method includes the steps of: creating a fracture in a stage in a first well in the first group of wells; isolating a next stage in said first well in the first group of wells from said stage; creating a fracture in said next stage in the first well in the first group after the step of isolating; measuring a pressure by using a pressure gauge in direct fluid communication with said next stage in the first well in the first group of wells; creating a fracture in one or more stages in a well in the second group of wells in a manner such that the fracture in the well in the second group of wells induces the pressure measured in the first well to change; and recording the pressure change in the next stage of the first well.