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Caspian Energy Journal Caspian European Club
Friday, 21 December 2018 17:00

Hydraulically fractured horizontal wells account for most new wells

Hydraulically fractured horizontal wells account for most new wells

In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the U.S. Energy Information Administration (EIA).

Although horizontal drilling has been used for nearly a century, its use as a source of U.S. oil and natural gas production began growing in the early 2000s. А horizontal well is generally more expensive to drill than a vertical well, but it is expected to produce more crude oil and natural gas.

In 2016, total drilled footage reached nearly 13 million feet, about 10.7 million of which were hydraulically fractured and horizontally drilled.

Hydraulically fractured horizontal wells have accounted for most of all new wells drilled and completed since late 2014. As of 2016, about 670,000 of the 977,000 producing wells were hydraulically fractured and horizontally drilled.

More details: https://www.eia.gov/todayinenergy/detail.php?id=37815

Person in charge of the newsline: Olga Nagiyeva 

 

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