This is attributable to significant advances in the use of horizontal drilling and well stimulation technologies.
FORBES: ConocoPhillips Has Big Fracking Plans For Poland, Stock Has Upside
Gains have been driven by new technology (fracking and horizontal drilling) and high prices.
Oil and gas companies use traditional horizontal drilling techniques to bore into the land were gas is trapped.
And they have deployed technologies like hydraulic fracturing, or fracking, and horizontal drilling to produce gas from shale rock.
WSJ: Big Oil Companies Are Shifting Their Focus Back to the West
More recent techniques apply horizontal drilling to extend operations into adjacent underground deposits.
FORBES: Promised Land's Fracking Fictions: OPEC Goes Hollywood With Crocudrama
Progress in horizontal drilling, which allows more oil to be produced from fewer wells, is another boon for the Arctic.
Because of the marriage of hydrofracking and horizontal drilling, the world is now awash in unconventional, but recoverable oil and gas.
FORBES: Mother Nature to Keystone Pipeline Protesters: Chill Out!
Combined with horizontal drilling, it allows access to formerly out-of-reach deposits and has opened large areas of the country for exploration.
To do this, they use the same rigs and techniques, such as fracking and horizontal drilling, as they use for gas.
These wells, once costly to produce, are now profitable due to the new horizontal drilling techniques being deployed across many basins.
FORBES: Chesapeake Says Frack, Baby Frack As Stock Gushes To $35
This kind of reform makes everyone in the state a stakeholder in America's energy renaissance from horizontal drilling and hydraulic fracturing.
And, there is promise in domestic resources from the application of horizontal drilling and staged frac technologies to tight oil reservoirs.
FORBES: Billionaire George Kaiser Has A Big Green Energy Plan
Horizontal drilling can offer many advantages to the gas extraction process, allowing wells to be drilled in several directions from one pad.
The advent of horizontal drilling and hydraulic fracturing, or fracking, in the U.S. has brought down the prices of some energy costs.
FORBES: INTERVIEW: Cranberry Capital's Van Eeden Bullish On U.S., Crude Oil Price, Not Gold
Thanks to the development of hydraulic fracturing and horizontal drilling, the US has been able to exploit a massive and hitherto unknown resource.
Horizontal Drilling now allows these same operators to drill and set pipe for a mile or more horizontally through this same rock formation.
This is a shame, because the truth is that, of the two technologies, Horizontal Drilling is the real marvel of engineering and scientific innovation.
Advanced horizontal drilling technology also produces positive results for the environment.
With improvements in hydraulic fracturing and horizontal drilling, this cost gap may actually grow in the coming years, rather than decline as renewables advocates often assume.
FORBES: President Obama's Green Jobs Cost Taxpayers Big Bucks
You are correct that the entire lifecycle of a gas well using current advances in horizontal drilling and hydraulic fracturing needs to be safe and secure.
In Ithaca, NY, where we live, as elsewhere, horizontal drilling and hydraulic fracturing to gain access to shale natural gas (fracking) is a hot-button issue.
It promotes efficiency with advanced technology such as horizontal drilling.
FORBES: Which Candidate's Energy Plan is Better for America?
The energy sector has seen a rapid rise in natural gas production from shale formations due to significant advances in the use of horizontal drilling and well simulation technologies.
But in recent years, domestic production boomed, with horizontal drilling techniques and hydraulic fracturing, or "fracking, " helping producers unleash a flood of gas from shale formations in Pennsylvania, Arkansas and elsewhere.
It should stimulate a boom in construction of gas-fired plants, given the huge new supplies of shale gas unlocked by the combination of deep horizontal drilling and hydraulic fracturing, or fracking.
FORBES: Frack Gas Not Likely To Displace King Coal, Study Suggests
This is all great stuff, and all necessary to create our ongoing shale boom, but the real marvel is the innovation that has take place in the realm of Horizontal Drilling.
Other than rising oil prices, the reason for this shift is that new and controversial technologies such as fracking and horizontal drilling have multiplied the amount of viable deposits in unexpected places.
Fracking is the underground fracturing of very deep underground shale deposits where natural gas is sequestered and then is recovered using normal process procedures of deep and horizontal drilling for recovering natural gas.
But by accounting for further development, continual technology advances such as horizontal drilling and supportive prices, the U.S. Geological Survey calculates that 86% of total U.S. proven reserves are additions to original numbers.
The net result of this media and anti-development movement obsession with a virtual cuss word has been that the technological marvel that is Horizontal Drilling has failed to get the attention it really deserves.
应用推荐