EOR = Enhanced Oil Recovery
Methods can include injection water, condensate, CO2, etc from the edges of the field and pushing/sweeping more oil back to the production wells.
I’ve read somewhere that natural gas at $4 has roughly the same cost per btu as coal. That both are roughly 1/3 the price per btu as oil. That for oil to be priced in equivalent btu as natural gas and coal...oil would have to priced at roughly $30@ barrel.
Is that correct?
Anybody know?
Thackney....
Does it include...
* Low Friction Tubing ( Plasma coated with a Diamond Like Coating )
* The Various "Ceramic" beads instead of Sand.
* Other "Fluids" such as Propane instead of H20 and Sand?
BTW a April 12' article in Forbes on Fracking, one of the CEO's involved in this arena sort of gave a hint more technology to come, ( My guess in regards to the process and or increased yield ). I think it might be safe to say, the Fracking story hasn't been written in this regards, the application of more technology might make it like a weekly soap opera on TV. Stay Tuned :-)...