Technology Drives Oil and Gas Future Development
Member FINRA, SIPC
Red River Securities, LLC, Oil & Gas Exploration & Development, Plano, TX

Technology

Fracturing Insight

Fracing Composition

Tech Facts

 
 
 
 

  • Technology continues to enhance the economics of exploration and development in shale plays across the country. This is due in a large part to new technologies such as artificial fracturing and horizontal drilling that may make it possible to extract large amounts of gas from shale formations. Thanks to the development of horizontal drilling technology and the efforts of George Mitchell, a gas exploration pioneer who began the development of the hydraulic fracturing process in 1981, and then worked on it for 18 years before he realized production quality success. By 2003-2004 it was seen that he had changed the future of exploration by enabling access to unperceived volumes of natural gas reserves through horizontal drilling and hydraulic fracturing.

    Horizontal Wells Net Greater Pay

    With the introduction of horizontal drilling and hydraulic fracing, although more expensive than vertically drilled wells, the initial flow rates and ultimate recovery rates have proven they can outperform vertical wells. According to the Railroad Commission of Texas figures, projected new horizontal wells far outnumber projected vertical wells to be drilled in the Barnett Shale by a factor greater than 20 to 1. Horizontal drilling is then, along with continued advancements in frac design such as multi-stage and simo-frac completions, increasing the ultimate reserve recovery.

    According to NaturalGas.org when discussing the extraction of natural gas from shale formations, “However, their potential as natural gas supply is still very promising, given an adequate technological and economic environment. As of November 2008, FERC (Federal Energy Regulatory Commission) estimated that there are 742 TCF of technically recoverable shale gas in the United States, representing a large and growing share of total recoverable resources.”

    Oil and Natural Gas Opportunities

    Today, the Barnett Shale is now one of the largest producing natural gas fields in the country. As the gas phase of the Newark, East Barnett Shale field continues to expand; technology may serve to further increase this already impressive region.

    For additional information on future natural gas reserves such as Tight Gas, Shale Gas, Coal Bed Methane, Geopressurized Zones, and Methane Hydrates, see Future Demand on this site.


     

    • Red River Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA).

      Become an energy partner for the future – 888.608.8898

  • Disclaimer: This content is provided for informational purposes only. Information herein is not intended to be a solicitation of any kind. Nothing herein shall be construed as tax, legal or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. Potential investors should consult their attorney, accountant and financial advisors before investing in oil and gas. Past performance is not a guarantee of future performance or returns.