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ExxonMobil: New Fracking Technology Can Double Oil Output

Posted by freedomforall 1 year, 4 months ago to Technology
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Excerpt:
"“There’s just a lot of oil being left in the ground. Fracking’s been around for a really long time, but the science of fracking is not well understood,” Exxon Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. Woods has revealed that Exxon is currently working on two specific areas to improve fracking. First off, the company is trying to frack more precisely along the well so that more oil-soaked rock gets drained. It’s also looking for ways to keep the fracked cracks open longer so as to boost the flow of oil.

Shale Refracs

Luckily, the U.S. Shale Patch won’t have to wait for Exxon to perfect its new fracking technologies. There's already a proven technology for oil producers to return to existing wells and give them a second, high-pressure blast to increase output for a fraction of the cost of finishing a new well: shale well refracturing.

Refracturing is an operation designed to restimulate a well after an initial period of production, and can restore well productivity to near original or even higher rates of production as well as extend the productive life of a well. Re-fracking can be something of a booster shot for producers--a quick increase in output for a fraction of the cost of developing a new well."
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Is that you, Ellis Wyatt?
SOURCE URL: https://oilprice.com/Energy/Energy-General/ExxonMobil-New-Fracking-Technology-Can-Double-Oil-Output.html


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  • Posted by mhubb 1 year, 4 months ago
    oil, coal, natural gas are not fossil fuels

    peat is created by a different process and may lead to the creation of some types of near surface coals
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    • Posted by Ben_C 1 year, 4 months ago
      I am reading the DEEP HOT BIOSPHERE by Thomas Gold. Compelling text on the myth of fossil fuels. Sadly I doubt anybody in the EPA etc is bright enough to understand the premise and research.
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      • Posted by Steven-Wells 1 year, 4 months ago
        A few years ago, I attended a lecture by David Freedman: economist, physicist, scholar, and son of the late Milton Freedman.
        He predicted that at our current rate of climate change, by the end of this century, Minnesota will have the climate that is current in Iowa.
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        • Posted by term2 1 year, 4 months ago
          I say that the climate of the earth is basically a cyclical phenomenon . Things cause it to get warmer and things cause it to get cooler. Its been a lot hotter than now, and also has been a lot cooler. It is what I would call a stable system in that regard. Hotter doesn't produce increases in temperature, but actually results in forces to cool the system.

          Lithium ion batteries are an example of an unstable system. Heating them beyond a certain temperature causes additional heat to be generated and the whole thing catches fire and probably explodes. The earth is NOT that way.
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        • Posted by Dobrien 1 year, 4 months ago
          I love listening to Milton . Never heard his son speak. I’m in Minnesota for 64 years and the climate is basically the same. We have had decades of cooler weather and decades of warmer weather. Iowa is on the southern border of course we share much the same weather. Th3 planet is currently cooling .
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          • Posted by Steven-Wells 1 year, 4 months ago
            He also spoke about sea level rising something like a foot. That is indistinguishable on nearly every shoreline. The main idea is that we need not ascribe to the AOC Green Eggs and Ham Looniverse.
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            • Posted by Dobrien 1 year, 4 months ago
              That and push back with facts. Many photos of iconic shorelines from 150 years look no different today. Don’t believe your lying eyes as the champions of this genocidal lie are buying oceanfront properties.
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    • Posted by tutor-turtle 1 year, 4 months ago
      Oil is the second most abundant liquid after water. It is found at twice the depth of "fossils". The misleading term "fossil fuel" was coined by the largest producer of oil at the time, John Rockefeller, to imply scarcity when there was none. Again, control by fear.

      CO2 is a necessary element for all life on earth. The earth is self regulating.

      Just as an example of how stupid, stupid can get: At one time, our Left-Wing-Nutjobs wanted to classify water vapor as a dangerous greenhouse gas and pollutant that must be regulated and eventually banned and eliminated. No lie, that was a real push to make that happen in Congress.

      If our owners don't want you to have freedom to travel, heat your homes, cook, bathe, eat... then you will continue to live as the economic slaves you already are.

      Know who your real masters are. Hint: they're not in Washington D.C.
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  • Posted by GaryL 1 year, 4 months ago
    More than anything, It is time we stop all these green monsters in their tracks and get back to the energy sources that built this modern world. Why is the ones screaming the loudest have the largest carbon footprints?
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  • Posted by bobsprinkle 1 year, 4 months ago
    I say GO FOR IT....do any refracking or other oil production. If for no other reason than to piss in the face of the current anti oil production lefties
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  • Posted by Dobrien 1 year, 4 months ago
    "Techniques like re-fracturing will allow the industry to continue to harvest the oil and gas out of these reservoirs," said Stephen Ingram, a regional vice president at hydraulic fracturing firm Halliburton Company (NYSE: HAL).

    Another key benefit: re-fracs do not require additional state permits or new negotiations with landowners. They are also less disruptive to the environment because well sites already have road access.

    "Considering inflation, supply chain issues, and rising wages, now is a great time for operators to start looking at wells for re-frac opportunities,"
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  • Posted by term2 1 year, 4 months ago
    Biden will figure a way to stoop these improvements. He hates oil and coal and will do anything to stop their production. I am going to enjoy my gasoline powered car while I can. EV just arent ready for mass production yet, and I don't want to have to go through the growing pains of the infrastructure deficit.
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