Friday, February 24, 2012

Random Comment On Cost of Fracking -- The Bakken, North Dakota, USA

According to Oasis' most recent presentation, the cost of a 36-stage fracked well:
  • Ceramic/sand mix: $10 million
  • Sand only frack: $9.2 million
Oasis Well Services - in-house pressure pumping
  • operations to begin 1Q12
  • will result in savings of $0.8 to $1.0 million/well on 20 net wells/year  

Mother Was a Roughneck, Jalan Crossland

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      4 comments:

      1. AnonymousFebruary 24, 2012 at 7:53 PM

        Article from Dickinson press. MDU planning to build $500 diesel refinery near Dickinson. ND drank 1 billion gallons of diesel last year, 1 rig takes 3000 gallons per day? Wow.

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        Replies
        1. Bruce OksolFebruary 24, 2012 at 8:06 PM

          $500 million refinery near Dickinson, ND.

          I posted the story here:
          http://milliondollarway.blogspot.com/2012/02/2nd-diesel-refinery-in-works-for-north.html

          The odds of an oil refinery near Dickinson is somewhere between Nil and Zilch, and I think Nil just pulled ahead.

          Delete
      2. AnonymousFebruary 25, 2012 at 9:57 AM

        Why not convert the drilling rigs over to propane-butane or natural gas we run rigs on butane in the 1950s and 60s

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        Replies
        1. Bruce OksolFebruary 25, 2012 at 7:41 PM

          Others will have to chime in. I don't know. My hunch is that these guys know what they are doing.

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