Why Accurate Water Measurement Matters

摘要

Recent history has clearly demonstrated the importance of water flow monitoring in the oil and gas industry. In 2002, Devon Energy acquired Mitchell Energy, which had drilled seven experimental horizontal wells. This signaled an acceptance of hydraulic fracturing. With the success of these wells, many other producers explored this new method, and operations began to shift from vertical to horizontal drilling. This article will consider the differences between the cost and the amount of water used in vertical and horizontal drilling. Depending on the region and who is drilling a well, the cost can range from $5 to $9 million per well. A large portion of that cost is related to water.