From the website, "Oilprice.com" comes the announcement of a trend I have mentioned before…more and more "fracks" per wellbore to release more natural gas. I will let the article, which I have edited for length, speak for itself.
Make sure you read through to the last paragraph, and then imagine the possibilities…
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Lower costs. Higher oil and gas recoveries.”
That's how Dan Themig, President of Packers Plus – a privately owned, Calgary-based fracking (completions) company – describes an interesting new development in fracking…a development that spells bigger profits for energy producers…
You see, Themig's new QuickFRAC® product is one great example of a new trend in fracking – one that gets away from the traditional horsepower model and into one a “Recovery Factor” (RF) model. (The RF approach looks to increase the amount of oil and gas recovered from a well. It's estimated that most wells recover just 5% -20% of the Original Oil in Place – also known as OOIP.)
The size of individual fracking operations has increased 10 times in the last decade, as the industry has grown and learned how to more effectively apply the technology.
Themig says the “sledgehammer approach” of more horsepower (in the form of pumping trucks at surface), more fluid and more proppant has been the industry norm for the last five years, but now the industry is getting smarter in order to increase production from wells.
“We want to reduce the amount of fluid used and maybe the amount of proppant. We can reduce the time and number of stages and get a more effective Recovery Factor.”
This is the size of a frack job in 2004.
This is the size of a frack job in 2008.
In the new, ever-longer horizontal wells being drilled, fracking is done in multiple stages – often every 100 metres.
QuickFrac can do multiple stages of fracks at the same time.
Themig says that completing several fracking stages at once saves so much time, QuickFRAC can save 10% on overall well costs for a producer – often a $500,000 saving per well.
Having several fracks go into the formation at the same time also increases the amount of oil recovered from the well, Themig says. That’s because the rock holding the oil is being hit by huge pressures and vibrations on different sides at the same time, which creates more fractures in the rock.
“We drilled a $5 million well and decreased costs 10% by doing 24 stages in 10 hours,” Themig says. “Previously that would have taken 4-5 days using cement liners in the wellbore, and two days with our regular StackFRAC® technology.”
“And we increased the Recovery Factor by 30%-40%.”
Themig says The Future is using longer horizontal wells, and doing more frack stages per well, and QuickFRAC is positioned to help the industry make the evolution easy and profitable.
“The number of fracks are now far more than we ever thought it was going to be. In 2001 we thought 5-6 fracks be enough to frack a well. Then the industry moved to 12-15 per well now to over 30. Some customers want 40-60 fracks – consider how long it would take to do 60 fracks that are 4 hours each. The future looks like 60-100 stages in a lot of wells, depending on geologic needs.”
by. Keith Schaefer
http://oilprice.com/Energy/Energy-General/A-New-Trend-in-Fracking-Emerges-The-Recovery-Factor.html
Sooo…if complete destabilization of the ground upon which you stand appeals to you….welcome to "SuperFrack"…coming soon to a watertable near you.
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How do I recommend a diary?
good grief
all that water being contaminated. Good thing there is an unlimited supply
sarcasm
More good news – you can do the popular Harlem Shake while in the area!
Ok, if gas prices have plummeted and the gas business is subsiding in places like say, Garfield county, gas companies are losing money by focusing their interests in the fields, right? So why do they think MORE fracking to extract MORE gas is going to help them make profits? Doesn't the law of supply and demand play here? Won't more gas supply drop the price even more? I don't claim to know these things, that's why I ask you Duke. You seem to know what's up.
Well, I have a suspicion money is involved. The new activity that is driving this QuicFrack technology is really designed for a different rock strata than has been driving the Piceance play, so far (though it is present under the Piceance). The Niobrara formation produces more liquids, as I recall, and so is, no doubt, fetching more investor dollars, which, of course, drives the whole machine. This technology, while it will fuel all fracking activity, is being developed to reap liquid gold….I think.