• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 6 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 7 days Demonising fossil fuels has caused major grid problem in Australia
  • 7 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
The Winners And Losers Of The New Energy World Order

The Winners And Losers Of The New Energy World Order

Russia’s invasion of Ukraine has…

Colombia Could Help Europe Ditch Russian Coal

Colombia Could Help Europe Ditch Russian Coal

Sanctions on Russia have worsened…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Refracking Extracts 200,000-250,000 Additional Barrels In Bakken

New fracking techniques for Bakken wells are allowing industry leaders to recover more oil without damaging surrounding lands, according to a new report by The Bismarck Tribune.

Drilled but Uncompleted (DUC) wells dug between 2008 and 2010 are the sites of the experimentation surrounding the technique.

“On average, they’re getting better performance from the wells,” Justin Kringstad, head of the North Dakota Pipeline Authority, said after analyzing the fracked wells.

After refracking 140 wells in the Bakken, producers saw 200,000 to 250,000 barrels of additional output. Engineers flooded the wells with larger volumes of fluid focused on small segments of the well.

“We are only getting a small, small amount of the total potential reserve down there,” Republican Senator Kelly Armstrong said. Usually oil producers only ever recover between 5 to 15 percent of total oil available. “Everybody would benefit if we could figure out a way to recover more.”

Lynn Helms, who directs the state’s Department of Mineral Resources, says the additional fracturing does not cause additional damage to the environment, and the area already has pipelines installed nearby.

Related: Saudis Cut Back Oil Supply To Asia, Slash Exports To U.S.

Crude oil production in North Dakota exceeded 1 million barrels daily in February for the first time in three months, but the increase was expected to be temporary, with the thaw season prompting strict weight restrictions on trucks servicing the oil patch. Production was expected to rebound later in the year, most likely in the last quarter, according to Helms’ department.

According to Platts analytical data, breakeven prices in the Bakken shale play fell to $33.53 a barrel in April, from $37.91 a barrel in the same month last year, while spot prices for the crude produced there increased, providing additional motivation to producers to ramp up output.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News