• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 1 day e-truck insanity
  • 7 days How Far Have We Really Gotten With Alternative Energy
  • 7 days China deletes leaked stats showing plunging birth rate for 2023
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming
China’s Secret Weapon in the Global Copper War

China’s Secret Weapon in the Global Copper War

China's strategic use of copper…

Chinese Copper Exports Are Flooding Global Markets

Chinese Copper Exports Are Flooding Global Markets

China's copper exports have surged…

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.

ADVERTISEMENT

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