Quote from: RE on Apr 25, 2024, 02:03 PMStill MOAR efficient ways to suck every last drop of oil from every crevice in every rock on the planet!Bad conclusion early. Yet another case of some writer having information but not quite figuring out how to use it prior to revealing that in thir words.
https://www.reuters.com/markets/commodities/new-technology-helps-us-shale-oil-industry-start-rebuild-well-productivity-2024-04-24/
New technology helps US shale oil industry start to rebuild well productivity
RE
This is a correct statement.
While overall output is at record levels, the amount of oil recovered per foot drilled in the Permian Basin of Texas, the main U.S. shale formation, fell 15% from 2020 to 2023, putting it on par with a decade ago, according to energy researcher Enverus.
This is not.
That is because fracking, the extraction method that emerged in the mid-2000s, has become less efficient there. In the technique, water, sand and chemicals are injected at high pressure underground to release the trapped resources.
Enverus certainly has researchers, and they usually aren't sloppy. Answering this question correctly wasn't hard, took about an hour (was in a hurry before this years Super Bowl started). It isn't about the less efficient application of hydraulic horsepower but rather well placement options and the underlying geology available as a play transitions from new acreage build outs and lease holding to more steady state development and refinement of interference patterns in small areas.