So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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Horizontal drilling development accounted for 55% of Permain basin spending last year - a telling statistic on the future of the legacy oil play. New technology, along with high oil prices, has rejuvenated Permian and shale formations previously thought to be uneconomic are turning out to be the future of this basin. In this article, UOGR explains how new technology is increasing production, why the shift is being made to horizontal drilling, and what that means for the industry. Permian operators increasingly target shale as new technology rejuvenates legacy oil field By: UOGR The old saying the best place to find oil is in an oil field is holding true in the Permian basin. Horizontal drilling last year overtook vertical drilling in the basin as new technology and high oil prices rejuvenated the legacy oil play and independent operators like Pioneer Natural Resources Co. and Approach Resources Inc. tapped into shale formations previously considered uneconomic. The Permian is