• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 6 hours WTI @ 67.50, charts show $62.50 next
  • 58 mins Mike Shellman's musings on "Cartoon of the Week"
  • 1 min Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 19 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 2 mins Venezuela set to raise gasoline prices to international levels.
  • 7 mins Renewable Energy Could "Effectively Be Free" by 2030
  • 59 mins Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 6 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 4 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 3 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 15 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 15 hours California Solar Mandate Based on False Facts
  • 4 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
Alt Text

Is Nigeria Moving From Oil Into Gold?

Nigeria is looking to diversify…

Alt Text

Change In Legislation Here Gives Miners More Freedom

The American state Michigan has…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Fracking has Come to Chile

Last week, state oil company ENAP announced a successful frack at its Arenal block in Tierra del Fuego. Reportedly the first such campaign in the country.

The results appear decent. The fracked well is reportedly flowing 120,000 cubic metres per day. Or about 4.2 million cubic feet daily. Along with an undisclosed amount of condensate.

Particularly encouraging is that the frack was performed on a vertical well. Results with horizontal drilling technology could be even better.

Being a first-of-kind program, the well was almost certainly expensive (ENAP didn't disclose the cost). But given Chile's advanced industrial sector, this might be the kind of place where a productive and affordable oilfield services sector could be developed.

Creating a workable services industry is the single biggest obstacle to shale development outside North America. And it appears Chile is committed to becoming a leader in this area.

ENAP has said it will spend $100 million on unconventional exploration this year. Its highest spending level in 15 years.

Related Article: Australia – Next Petro Superstate?

The firm has also made the heads-up move of partnering with "foreign technology providers". Undoubtedly ones with U.S. experience. There's no substitute for learning from the pioneers.

This is going to be a spot to watch. If the Chileans are successful, the country could well become a "centre of excellence" for South American unconventional development.

This would be a big boost for shale gas (and oil) on the continent.

Here's to new fracks in new lands,

Dave Forest




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News