Innovations That Are Changing the Face of the Oil Industry
Drilling for oil is a competitive venture that hinges upon the requirement for ever-increasing production and the necessity for safety. The challenges that companies face can mount depending on the region of the country or part of the world in which drilling is taking place. The Eagle Ford and Permian Basin oil fields of Texas are not exempt from the need to innovate to stay competitive with oil production.
Fracking is nothing new, but new iterations of fracking are and can prove profitable when employed. As is known in the industry, fracking involves drilling vertically followed by horizontal drilling to create cracks in shale beneath the Earth’s surface. Sand is then used to fill in the cracks. This proponent keeps these fractures open so oil and gas flow more freely. In recent years, zipper fracking has been developed as a new technique to increase oil production.
Zipper fracking is a method of fracking two oil wells at the same time and creates a situation where oil volume is increased two-fold over traditional fracking methods. Not only is production improved with this technique but shorter completion times are another added benefit.
Stacked lateral drilling is a viable method for boring through shale with built-in cost and timesaving attributes. Wells are drilled in close proximity to one another and, as a result, rigging does not have to be broken down, moved and constructed at another location in order to drill additional wells. Therefore, stacked lateral drilling can be seen as the Henry-Ford-assembly-line technique for the oil drilling industry.
Time is money, so it goes without saying that improvement and perfection of these techniques will save energy companies time and money, while actualizing profits that can be reinvested into new technologies and maintenance of existing wells. With more productive wells comes the need for expandable tubular technology, which Mohawk Energy has developed to revitalize oil wells all over the country – and the world – to continue the effective and efficient production of oil that has always been in high demand.
Expandable tubular applications are vital to the oftentimes precarious, down-hole environment. Streamlined operations, with opportunities for cost and time savings, are benefits of expandable tubular technology and may have begun the dawn of a new era in the energy sector of the oil drilling industry.