Range Resource Secret to Drilling More Productive Wells for Less $
Every year drillers get better at what they do. They experiment, they learn, they grow. Here’s an example from Range Resources. Range went back to a well pad they previously drilled with five wells and drilled two more. The two new wells used a different technique. Comparing the first year of production from the new wells with the first year of the original wells, the two new wells produced 53% more natural gas (per well) than the old wells did. Tell us again, peak oil/gas theorists, how the shale boom is just a flash in the pan and will be all gone by the end of this decade. Here’s more details on how Range increased production by 53%–what their “secret” is to drilling more productive wells using LESS money per well…
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This is really big news. It’s really important news. But don’t look for it on ABC/NBC/CBS/MSNBC/CNN/New York Times/Washington Post/Los Angeles Times/Etcetera ad naseum. They won’t run it because of media bias. Dr. Patrick Moore, a Canadian and ecologist, has been a leader in international environmentalism for more than 40 years. He co-founded Greenpeace and currently serves as chairman of Allow Golden Rice. Greenpeace is one of the biggest anti-drilling organizations on the planet (full of wackos). Yet, Dr. Patrick Moore is a climate skeptic. You read that right. Moore does not believe in man-made global warming. In fact, he calls the whole notion of catastrophic global warming from human activity “preposterous.” Below is a portion of a column written by Dr. Moore explaining his sound, scientific reasons for refuting the idiotic notion that mankind is causing the earth to toast…
Yesterday some 120 new rules that govern oil and gas drilling in North Carolina–including a rule that lifts the moratorium on fracking shale deposits–went into effect. In just a couple of years NC was able to do what so far New York hasn’t been able to do in nearly seven years–it became the 34th state to allow shale drilling. While all shale layers are now open for business, the initial flurry of interest seems to be centered in the center of the state in Lee, Moore and Chatham counties. Popularly its called the Triassic Basin, although technically it’s part of a broader area called the Deep River Basin. Within the Triassic is a sub-basin called the Sanford, and it’s there that two companies are already “aggressively” leasing in the area…