Halliburton slides show some of the technology behind getting better and better at getting oil out of rock.
"Halliburton has been involved in all aspects of this, and we continue to be." He further said that the company is "at every step optimizing bit designs, fluid compositions, reducing the drilling days, and in some cases or in many cases, reducing drilling time by over 50%, meaningful contribution to efficiency.".....
........a well is designed for the ideal below-surface situation. Unfortunately, that ideal situation hardly ever exists, which causes wells to underperform their potential, leaving lots of oil and gas -- more than 92% of it in most cases -- still trapped within the reservoir. This is because two-thirds of frack stages completely miss connecting the well with oil- and gas-bearing rocks.
"Halliburton has been involved in all aspects of this, and we continue to be." He further said that the company is "at every step optimizing bit designs, fluid compositions, reducing the drilling days, and in some cases or in many cases, reducing drilling time by over 50%, meaningful contribution to efficiency.".....
........a well is designed for the ideal below-surface situation. Unfortunately, that ideal situation hardly ever exists, which causes wells to underperform their potential, leaving lots of oil and gas -- more than 92% of it in most cases -- still trapped within the reservoir. This is because two-thirds of frack stages completely miss connecting the well with oil- and gas-bearing rocks.
