Title : US Shale Revolution -- Staggering -- October 19, 2017
link : US Shale Revolution -- Staggering -- October 19, 2017
US Shale Revolution -- Staggering -- October 19, 2017
This was such a great comment, I am re-posting it. I never thought about this -- drillers are drilling through rock, two miles below the surface of the earth at a rate of one mile/day and staying in a two-foot window for the length of the 9,000' lateral for the full distance.I find that absolutely incredible.
The "window" is not always as narrow as two feet, but the middle Bakken is generally about 40-feet thick and drillers generally have a 2-foot to 10-foot window, it appears, within the middle Bakken when drilling.
The comment from the earlier post:
Niobrara drill/completions can be done for under $3 million.
Mile-a-day drilling is somewhat routine with 7,000'+ starting to appear.
The precision in targeting the most productive rock is near 100%.
The use of diversion techniques, microproppants, and restricted flowback are all relatively new developments.
EOR efforts are barely beginning.
The decrease in cost - along with MUCH higher production - is expanding economic areas in existing plays and favorably influencing the Uinta, Powder River, Rogersville, possibly the Tuscaloosa Marine shale (TMS), to name just a few.
The amount of natural gas and NGLs coming from these unconventional operations will continue to rock the world.I wish I had the ability to put together nice essays that really capture all that is happening in the US with regard to oil and natural gas. One of the problems I have is simply summarizing everything in a coherent article.
Thus Article US Shale Revolution -- Staggering -- October 19, 2017
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