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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Early evidence from refracking research has shown that the new technique could draw oil from reserves for about 50 years. Refracking Is the New Fracking By:Dan Murtaugh, Lynn Doan, and Bradley Olson (Bloomberg) The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s. But as todays engineers start applying the procedure to the horizontal wells that went up during the fracking boom that swept across U.S. shale fields over the past decade, something more powerful, more financially rewarding is happening. The short life span of these wells, long thought to be perhaps the single biggest weakness of the shale industry, is being stretched out. Early evidence of the effects of restimulation suggests that the fields could actually
New technology is allowing U.S. oil and gas producers to revisit old wells and increase production from them once again. Refracking has been developed and implemented in formations across the country withsuccess, but some doubt its safety and effectiveness. Anna Driver and Ernest Scheyder investigate the benefits and the direction refracking could take the oil and gas industry. Refracking brings vitange oil and gas wells to life By: Anna Driver and Ernest Scheyder HOUSTON/WILLISTON, NORTH DAKOTA Aug 20 (Reuters) - A fracking boom isnt enough for U.S. oil and gas producers - theyre now starting the re-fracking boom. Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Hydraulic fracturing, which has upended global energy markets by lifting U.S. crude oil output to a 25-year high, has been troubled by quick declines in oil and gas output. The development highlights how producers must constantly invest