In particular, the company has sought to decrease the company's use of ceramic proppant, which tends to cost more than sand and doesn't necessarily produce superior results. Management estimates that a well with a 36-stage lateral that uses sand as a proppant costs about $0.8 million less to complete than a development than one that relies on a mix of sand and ceramic material. That being said, the firm continues to use a full load of proppant when targeting thicker formations that exhibit relatively low levels of water saturation.The article is about "all" of Oasis, but I just wanted to pick out one point that I will be discussing later.
Wednesday, August 29, 2012
Oasis Moving To Pad Drilling -- SeekingAlpha; In Support of Less Ceramics