[ontap]

Wells are hydraulic fractured, rigs are used to drill the wells before hydraulic fracturing or other completion techniques are done

The difference is when they set up and frack they are almost assured of getting more oil at a fraction of the cost of drilling a new well!!!

[thackney]

The difference is when they set up and frack they are almost assured of getting more oil at a fraction of the cost of drilling a new well!!!

The cost of hydraulic fracturing a well, significantly exceeds the cost of drilling a well. That has been the issue in the Shale Plays and other tight formations.

[bestintxas]

“The difference is when they set up and frack they are almost assured of getting more oil at a fraction of the cost of drilling a new well!!! “

the trends on the newer plays like the Eagleford and Bakken are really the opposite:

The cost to complete and frac the well exceeds the cost to drill the well to TD.

It did not used to be that way, but much better wells can be made and it has been proven to be economically worthwhile.

[Dusty Road]

The difference is when they set up and frack they are almost assured of getting more oil at a fraction of the cost of drilling a new well!!!

It costs me as much to frac a well as it does to drill a well, if I’m drilling a horizontal my frac cost can run as much 10 time higher than my drilling cost depending on the number of stages.