Back on May 6, 2015, I posted
a nice WSJ article and graphic on "manufacturing in the Bakken" by Liberty Resources. This morning a reader sent
a link that describes what Liberty Resources is doing in a much more succinct manner:
The Wall Street Journal
reported earlier this month from northwestern North Dakota, where
Liberty Resources is constructing a groundbreaking new oil processing
facility.
The $800 million “oil factory,” named Stomping Horse, aims to develop
and unify 96 wells across nearly 10,000 acres while maintaining the
ability to start and stop output depending on crude prices.
The development also includes pipelines to transport oil, natural gas,
water and waste material. Liberty officials hope that the infrastructure
spending will eliminate the need for trucks or far longer pipelines to
transport those materials.
In addition, using natural gas to power facilities on-site should reduce
energy costs, while the wells could operate with less personnel and
reduce labor costs.
Liberty chief Chris Wright believes the project will eventually enable the company to "still make money at $50 a barrel."
In addition, see first comment below:
Liberty is also trying a new technology from Energy Recovery Inc (ERII),
that pumps frack fluid in without pump exposure to the proppant. The
pump lives are drastically increased with this technology, decreasing
downtime and capital, while increasing reliabilty.
ERII also
makes efficient pumping systems for desalination plants and will
introduce a product to generate electricity when pipelines run downhill.
Downhill runs of liquid pipeline will cause major issues if the height
is too great (much like railroads are limited to certain grades).
Liberty is also trying a new technology from Energy Recovery Inc (ERII), that pumps frack fluid in without pump exposure to the proppant. The pump lives are drastically increased with this technology, decreasing downtime and capital, while increasing reliabilty.
ReplyDeleteERII also makes efficient pumping systems for desalination plants and will introduce a product to generate electricity when pipelines run downhill. Downhill runs of liquid pipeline will cause major issues if the height is too great (much like railroads are limited to certain grades).
Thank you; I brought the comment up to the main post; google searchable. Thank you for taking time to write.
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