U.S. Silica specializes in commercial silica used in a variety of industries, the most prominent being "frac sand" to stimulate oil and gas recovery in formations such as shale.
The company continued to benefit from the shift towards shale oil, natural gas liquids and enhanced oil recovery operations as the slow recovery in gas prices pushed exploration firms to focus on liquids.
This figure is based in part on the thought that big oil companies like ExxonMobil, which recently agreed to buy the natural gas company XTO Energy, will increase investment in recovery technology to squeeze more gas out of huge stateside shale formations.
Horizontal fracturing into shale has become much more sophisticated since those early days, with enhanced recovery of gas in place, although at much greater cost per well.
While lower gas prices and the recovery of the auto sector (as supply chain disruptions eased in Japan) boosted economic performance in the third quarter, Hatzius believes the U.S. economy will continue to muddle through until the private sector feels comfortable enough that it has fixed its balance sheet to begin spending.
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What will be the impact of higher gas and oil prices on the recovery?
The company produces premium monocrystalline sand, which is used to improve the recovery of oil and gas during hydraulic fracturing drilling.
These generally require enhanced oil recovery techniques such as gas (CO2) injection, chemical injection, microbial injection, cyclic steam injection, steam flooding, and fire flooding.
Gas prices are even on the recovery.
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Still, the Republicans need to pick up the pace of reform or the recovery will run out of gas.
Speaking at the CERAWeek energy conference, Tillerson said that by 2040 Exxon expects volumes of natural gas to increase 60%, with recovery from unconventional sources like shales to grow by 400%.
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Think about what this advancement has meant just in terms of access to the resources: When drilling into a hydrocarbon bearing formation 100 feet thick, vertical drilling would allow an operator to contact 100 feet of rock, which would limit your potential recovery to whatever oil or gas would flow into that length of pipe.
Expanding the supply of affordable oil and gas is the single best bet for economic recovery in 2012 and beyond.
It further expands GE's solutions portfolio for unconventional resources, consisting of more than 40 technologies that are addressing fundamental industry challenges, helping customers and the industry improve operational performance, reduce their environmental footprint and increase resource recovery while creating innovative technologies to drive demand for natural gas.
But technological advances and improvements in recovery methods, as well as reduction of water usage and greenhouse gas emissions, have made oil sands a viable and popular option for the future of U.S. energy.
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Private equity backed 2Co wants to build a new coal plant above the Hatfield coal mine and pump the gas to North Sea oil fields where it can be used for enhanced oil recovery.
Onshore production means all well drilling and other equipment used in the onshore production, extraction, recovery, lifting, stabilization, separation or treating of petroleum and natural gas (including condensate).
Oil recovery rates have declined, and, with no remedy in sight for the gas reinjection shortage, this decline may accelerate.
Anticipating the potential backlash of stellar profits amid a stalling recovery and a hurting consumer, the company tried to distance itself from oil and gas prices, according to AP.
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