Wednesday, August 29, 2012

Oasis Moving To Pad Drilling -- SeekingAlpha; In Support of Less Ceramics

Link here.
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.

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