Monday, May 26, 2014

Fracking, A New Act?

A new act for fracking? | McKinsey & Company: "The latest wave of innovation could greatly improve production and lower costs. April 2014 | byParker Meeks, Dickon Pinner, and Clint Wood The production of shale gas and light tight oil using hydraulic-fracturing (fracking) technologies has revolutionized the US energy industry. However, the data show that it takes a large number of wells—as many as 1,500—to reach peak production for each new basin, because optimizing fracking remains largely a matter of trial and error (exhibit). Over the next decade, our research suggests, several promising techniques could boost the precision of drilling and fracking, increasing the production of light tight oil and shale gas significantly—for the former, by nearly 40 percent in the United States alone. At the same time, these techniques could substantially lower costs and open up new regions to production...." (read more at the link above)

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