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Category: DrillingRigs

Technological Innovations Bring Profitable Changes to the Fayetteville Shale

September 16, 2014 Posted by Chris Wysong

Advances in technology have enabled companies to drill deeper and more complex wells. New drilling rigs are capable of more lateral boring and more wells per pad with a smaller footprint while operating at speeds that slash the time it takes to drill these more complex wells form 13 days to 7. Technological Innovations Bring Profitable Changes to the Fayetteville Shale By: George Waldon The average drilling time for a gas well in the Fayetteville Shale formation fell from 17.5 days in 2007 to 6.2 days in 2013. The whopping efficiency gain in the Arkansas field is the product of experience-fueled know-how combined with technological innovation. There have been great advances, especially with these unconventional plays, said Marty Carley, vice president SWN Drilling Services, a subsidiary of Southwest Energy Co. of Houston. Those advances have enabled companies to drill deeper and more complex wells to tap the gas shale, too. Mixed in with the drilling improvements are new fracking

Posted in DrillingRigs, Shale, Technology
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