US Shale Revolution -- Staggering -- October 19, 2017

This was such a great comment, I am re-posting it. I never thought about this -- drillers are drilling through rock, two miles below the surface of the earth at a rate of one mile/day and staying in a two-foot window for the length of the 9,000' lateral for the full distance.

I find that absolutely incredible.

The "window" is not always as narrow as two feet, but the middle Bakken is generally about 40-feet thick and drillers generally have a 2-foot to 10-foot window, it appears, within the middle Bakken when drilling.

The comment from the earlier post:

Niobrara drill/completions can be done for under $3 million.

Mile-a-day drilling is somewhat routine with 7,000'+ starting to appear.

The precision in targeting the most productive rock is near 100%.

The use of diversion techniques, microproppants, and restricted flowback are all relatively new developments.

EOR efforts are barely beginning.

The decrease in cost - along with MUCH higher production - is expanding economic areas in existing plays and favorably influencing the Uinta, Powder River, Rogersville, possibly the Tuscaloosa Marine shale (TMS), to name just a few.

The amount of natural gas and NGLs coming from these unconventional operations will continue to rock the world.

I wish I had the ability to put together nice essays that really capture all that is happening in the US with regard to oil and natural gas. One of the problems I have is simply summarizing everything in a coherent article.