Is Bakken set to rival Ghawar? John Kemp

Comments (1)
matthewslyman wrote:

“The problem, until recently, was that oil and gas could not be extracted profitably from continuous-type resources. Horizontal drilling and hydraulic fracturing have changed the situation, unlocking oil and gas from previously inaccessible tight rock formations with low porosity and poor flow rates.
“Conventional super-giants such as Ghawar may never be discovered again, although exploration is pushing into new areas offshore and in the Arctic. But that may not matter if oil and gas can be wrung from more commonly occurring continuous deposits.”

— Flow rate may match Ghawar for a time, but due to the nature of these wells, will they produce oil profitably for as long? Or is this the last blast of the oil industry?

Nov 13, 2012 2:41am EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.