Posted on 04/05/2011 4:21:38 PM PDT by bananaman22
“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.)
Here's what Themig has to say...
“We don’t believe the sledgehammer approach to fracturing is the way of the future.”
“Fracking,” or hydraulic fracturing, involves pumping a mix of sand (proppant) and fluid (water) down a well and into the reservoir at ultra-high pressure to create fractures in tightly packed sand formations, or shale rock formations, to free up the oil and gas to flow up the well. Full article at: Fracking Trends
QuickFRAC. I like it. Hope it fits into a Christmas stocking.
China will get all of Florida's Oil.
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