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CO Fracking Initiative
Advances in horizontal drilling and hydraulic fracking made the shale revolution in the U. S. possible. Although fracking is a 1940’s technology, adapting it to shale formations enabled operators to exploit previously known, but uncommercial, reserves in areas such as the Bakken shale in the Williston Basin. Unfortunately, fracking is an emotionally charged issue. The… Read More
Barnett Doubles in Size
“Rigzone” reports that in 2003 the U. S. Geological Survey (USGS) assessed the undiscovered technically recoverable reserves of the Barnett Shale in Bend Arch-Fort Worth basin, based on the vertical drilling technology in use at that time. Natural gas reserves were estimated at 26.2 trillion cubic feet (tcf) and natural gas liquids at 1 billion… Read More
BP’s LoSal Technology
Operators are always looking for cost effective ways to extend the lives of mature oil fields and stimulate production. Waterflooding, which involves injecting water into the reservoir, restores pressure and pushes oil toward producing wells. Both fresh and saltwater have been used in waterflood projects, and each has its strengths and weaknesses. Freshwater can make… Read More
Iran’s Plans
“World Oil” reports that Iranian Oil Minister, Bijan NamdarZanganeh, has stated that his country will raise its oil production just as soon as internationally imposed sanctions are lifted. He contends that failing to do so would mean permanently relinquishing market share. Among OPEC countries, Iran was second only to Saudi Arabia in terms of production… Read More
Opportunities in Mexico
There is an old saying that as one door closes, another opens. According to a recent article in “World Oil”, this would appear to be the case with oil and gas opportunities in Mexico. The Mexican government has decided to allow foreign investment in energy projects for the first time in almost a century. Last… Read More
