• 4 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes IT IS FINISHED. OPEC Victorious
  • 16 minutes GOODBYE FOREIGN OIL DEPENDENCE!!
  • 2 hours Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 3 mins End of EV Subsidies?
  • 1 hour Maersk's COO statment.
  • 1 day The Great Climate Change Swindle
  • 4 hours Price Decline in Chinese Solar Panels
  • 4 hours China Builds LNG Icebreaker
  • 3 hours Trump accuses Google Of Hiding 'Fair Media' Coverage of him
  • 1 hour Venezuela continues to sink in misery
  • 4 hours OPEC Cuts Deep to Save Cartel
  • 6 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 2 days More OPEC Members May Leave
  • 1 day Exxon buys green power.
  • 2 days S. Australia showing the way
Alt Text

Aramco’s “Acquisition Hit List”

As Saudi Arabia prepares for…

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

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
-->