New Tech Helps Fracked Wells Produce More Oil & Gas for Less $$
While oil output overall is at record levels, the amount of oil recovered per foot drilled in the Permian Basin of Texas, the main U.S. shale formation for oil extraction, fell 15% from 2020 to 2023, putting it on par with a decade ago. It’s going in reverse. The trend is not our friend. There are a number of reasons for the loss in efficiency (discussed below). However, new oilfield innovations, which began being implemented more widely last year, have made it possible for fracking to be faster, less expensive, and higher yielding. Those innovations include drilling much longer laterals and using simultaneous fracking (simul-frac).
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Evolution Well Services, headquartered in Houston with a regional office in Pittsburgh, specializes in “electric” fracking — using natural gas from the well pad (instead of diesel fuel) to power turbines to create electricity that drives fracking pumps. Evolution announced yesterday it had successfully deployed two new electric fleets in March, one in Appalachia and one in South Texas, bringing the company total to 12 fully operational crews.
Where do business dreams go to die? New York State, of course. Yesterday, the New York State Senate passed a bill to ban the use of carbon dioxide (CO2) in any process to extract natural gas or oil in the so-called Empire State. The NY Assembly (our state’s lower chamber) voted to approve the same bill a week ago (see 
Water use restrictions have finally been lifted at the Beaver Run Reservoir in Westmoreland County, PA (near Pittsburgh). The Municipal Authority of Westmoreland County (MAWC), which manages Beaver Run Reservoir, has issued a contract to CNX Resources allowing the company to buy up to 51 million gallons of water to use in fracking at nearby gas wells. CNX will pay $12,855 for every 1.5 million gallons of water it buys. If the company ends up buying the full 51 million gallons, it will pay the MAWC $437,000.
Last year, University of Pittsburgh (Pitt) researchers released three studies commissioned by the State Dept. of Health supposedly investigating whether or not there is a connection between shale drilling and childhood diseases, including cancer (see 
A group of so-called environmental advocates (old hippies) gathered in Albany at the Capitol yesterday to continue their call to ban all “fracking,” including CO2 (carbon dioxide) used to extract natural gas. We wonder if they know that a total ban on “all” fracking includes a ban on fracking geothermal wells being pushed by the governor.
The Washington County (PA) Chamber of Commerce held an event last week with a panel of experts involved with the Appalachian Regional Clean Hydrogen Hub (ARCH2) to discuss the long-term impacts of the project on the local economy and job market. ARCH2 was first proposed by (mainly sponsored by) West Virginia. Ohio and Pennsylvania later joined in supporting the ARCH2 proposal, which was selected by the Bidenistas as one of seven regional hydrogen hubs to share in a $7 billion pot o’ gold (see 
In 2021, PennEnergy Resources made a request to the Pennsylvania Dept. of Environmental Protection (DEP) to withdraw up to 3 million gallons of water a day from Big Sewickley Creek and one of its tributaries for shale fracking (see 
On Friday, MDN told you that several New York Democrat legislators were introducing a new bill to ban the use of carbon dioxide (CO2) in any process to extract natural gas or oil in the Empire State (see 
Evolution Well Services announced a three-year extension of their current electric fracturing partnership with Encino Energy after achieving operational efficiencies and milestones in 2023. Evolution uses “e-fracking” technology. Traditional fracking uses diesel-fueled engines to produce electricity to power pressure pumps for hydraulic fracturing operations. E-fracking uses natural gas from the well pad (or CNG or LNG) to power turbines to create electricity. E-fracking uses a different type of “engine” and different fuel. E-fracking fleets are roughly half the size of traditional diesel fleets — and a whole lot quieter.
Big, breathless news coming from the do-nothing Josh Shapiro gubernatorial operation last Friday. THE MAN has made an edict to those waskily Marcellus drillers: You WILL disclose the chemicals you will use to frack and drill any given well you receive a permit for. Lights! Fireworks! Loud claps of thunder (and an echo) as if GOD has spoken. It is commanded from on high. Except…Marcellus drillers *already* make those disclosures! There is no “there” there in Shapiro’s edict. He’s (sorry for laughing out loud) jumping up and down, making a spectacle of himself over nothing. Literally. He’s hoping nobody will notice that he’s just served up a cheese puff instead of a sirloin steak.