Towards the end of the year, we may see some capacity come in and some softness, but we continuously shift towards these oily weather plays, and we're seeing, I mean, very little back off in terms of longer horizontals, longer extension, clients are even pushing out 8,000, 10,000 feet now. That's just involving more fracs, and when you start thinking about it, we're finally starting to see technology hit the U.S. which we've seen overseas for years and years. I mean we've been drilling 35,000 foot-extended rich wells overseas. And just recently, completed a six and eight, 36,000 feet in Saudi, so why won't we continue to see that in the shale plays in the U.S.The bold is mine. I may have taken something out of context and may have misunderstood the conversation at that point, but it is what it is.
Wednesday, January 26, 2011
Super-Long Laterals in the Bakken -- see the BHI Transcript, 4Q10
From the Q&A in the BHI 4Q10 earnings transcript:
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