Shale Gas Technologies Unlock Oil Bounty in Bakken, Permian

摘要

The impact multi-stage hydraulic fracturing and horizontal drilling have had on the North American natural gas industry cannot be overstated, but their transformative application is far from limited to gas-bearing shale formations. With crude oil now commanding a significant premium over natural gas, exploration and production firms have jumped at the chance to apply this potent drilling-and-completion duo in the region’s oil-bearing shale and other tight resource plays. And if the results thus far in the Williston and Permian basins are any indication, that technology transfer will pay dividends for years to come.