Hydraulic Fracturing raises the cost.... not to produce. But it raises the cost on the well. I changes the economics on the well. It means if you Hydraulic Frac a well, either oil or natural gas, you have to have a higher sales price for the oil or gas . Also, horizontal wells that are fractured in the US... shale drilling.... they typically have a much shorter life span. It is not that there is more oil there when you frac it.... it is just that you can drill and recover oil where we used to couldn’t. But the process is more expensive than a traditional downhole well.
No. No company would ever do it if that was the case.
It does raise the cost per well. But it produces so much more oil, the cost per barrel is less.
. It is not that there is more oil there when you frac it.... it is just that you can drill and recover oil where we used to couldn’t.
Far more oil is produced by hydraulic fracturing the well.
t is just that you can drill and recover oil where we used to couldn’t.
Correct, the same well would have the oil too expensive to produce without hydraulic fracturing. Too little oil would flow to economically recover the cost drill.
They may spend up to 5 times more to hydraulic fracture the well, but produce 50 times the amount of oil (could be greatly more or less).