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GasBuddy News Article

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Schlumberger's clever frack takes aim at gas costs

Reuters --
(Reuters) - Production costs of natural gas from unconventional fields could tumble in the United States if a new technique developed by Schlumberger lives up to its billing.

The world's largest oilfield services company by market value and others working in the industry have suffered this year because the runaway success of hydraulic fracturing (fracking) and horizontal drilling techniques to extract so-called unconventional gas has created a glut and caused a price slide.

But using a proprietary system called Hiway that only became commercially viable last year, Schlumberger's fracker in chief believes he has knocked a lump out of the infant industry's three major cost components; water, sand, and trucks.


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Submitted Sep 01, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Schlumberger's clever frack takes aim at gas costs Post a Reply Back to Topics
REPLIES (newest first)
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remay
Champion Author Houston

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Message Posted: Sep 2, 2012 5:27:39 PM

They are great at marketing...
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jimbeaux53
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Message Posted: Sep 2, 2012 7:38:09 AM

pro·pri·e·tar·y adj. 1. Exclusively owned; private; secret

Which is all great except for one thing. They are pumping this 'secret sauce' down, deep into the ground in order to make more gas more cheaply and make more money. Isn't free enterprise great. It's free for them but often paid for by others in terms of contaminated ground water, long term damage to ecosystems and triggering seismic events i.e. earthquakes. Free enterprise in action -- it's great!
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jrs4125
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Message Posted: Sep 2, 2012 7:26:13 AM

Alrighty then.
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MAC48
Champion Author Dallas

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Message Posted: Sep 2, 2012 12:55:58 AM

Any new technique or technology that allows the same or increased production with lower productions costs sounds real good.
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geezrtek
Champion Author Michigan

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Message Posted: Sep 1, 2012 1:04:12 PM

American ingenuity.

Lower costs allow natural gas producers to be profitable even at a super low prices.

Win Win
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crep1291
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Message Posted: Sep 1, 2012 9:18:57 AM

Excellent.
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snky2k
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Message Posted: Sep 1, 2012 2:14:45 AM

Cool! Good luck to them!
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kgbellman
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Message Posted: Sep 1, 2012 2:11:11 AM

Whatever it takes
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malfrog1
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Message Posted: Sep 1, 2012 1:21:15 AM

o k
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batman2010
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Message Posted: Sep 1, 2012 1:19:17 AM

ok
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LostToo
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Message Posted: Sep 1, 2012 1:18:31 AM

I love those "Frackers."
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58salty
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Message Posted: Sep 1, 2012 1:16:28 AM

I'm with RENEGADEGAS 100%.
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bojiway1
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Message Posted: Sep 1, 2012 1:16:03 AM

Ok
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greenfog
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Message Posted: Sep 1, 2012 1:12:33 AM

they need to take out chemicals that destroy ground water.
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carloco75
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Message Posted: Sep 1, 2012 1:07:20 AM

Fracking Frackidy Frack....
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RENEGADEGAS
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Message Posted: Sep 1, 2012 1:03:34 AM

Whatever it takes to make the US energy independent.
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yonasb
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Message Posted: Sep 1, 2012 1:03:32 AM

ok
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TBONE3
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Message Posted: Sep 1, 2012 1:03:03 AM

Don't think I really need to know all that. Just do it or stop!
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bcok
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Message Posted: Sep 1, 2012 1:02:18 AM

ok
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Ron77095
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Message Posted: Sep 1, 2012 1:01:39 AM

ok.
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etothek
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Message Posted: Sep 1, 2012 1:00:27 AM

Ok
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Bildawg
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Message Posted: Sep 1, 2012 12:56:46 AM

cool
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7SPEEDY7
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Message Posted: Sep 1, 2012 12:55:58 AM

Interesting.
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lunarrv15
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Message Posted: Sep 1, 2012 12:55:31 AM

okay..interesting
thanks for posting
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10k
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Message Posted: Sep 1, 2012 12:54:45 AM

i read it also Kawibiker, but i still don't know what i read..
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1momsunshine
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Message Posted: Sep 1, 2012 12:50:39 AM

k
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joel27nc
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Message Posted: Sep 1, 2012 12:48:01 AM

If it works as stated
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mrbee
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Message Posted: Sep 1, 2012 12:47:07 AM

Go for it.
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Kawibiker
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Message Posted: Sep 1, 2012 12:46:23 AM

I read it..
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megadiesellv
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Message Posted: Sep 1, 2012 12:42:54 AM

Ok.
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panda317
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Message Posted: Sep 1, 2012 12:41:20 AM

ok
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pa79th
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Message Posted: Sep 1, 2012 12:40:41 AM

I need more details than this. For all I know they are pumping cyanide into the wells.
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SBlouch
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Message Posted: Sep 1, 2012 12:40:40 AM

Interesting article. Only time will tell.
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quasar502
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Message Posted: Sep 1, 2012 12:38:33 AM

I hope it's all good.
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GRUMPY55
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Message Posted: Sep 1, 2012 12:37:43 AM

ok
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Ken2OD
Champion Author Grand Rapids

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Message Posted: Sep 1, 2012 12:37:10 AM

You're not going to get any trade secrets by reading this. What a huge disappointment!
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LanguageMan1
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Message Posted: Sep 1, 2012 12:28:14 AM

We'll see, and it would be nice if it works as well as cause less pollution!

Have a Happy Labor Day weekend everyone!
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Tigercat88
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Message Posted: Sep 1, 2012 12:26:50 AM

Good.
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otherdave
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Message Posted: Sep 1, 2012 12:26:05 AM

ok
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bridgerunner
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Message Posted: Sep 1, 2012 12:20:56 AM

That would be interesting if it works.
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g747
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Message Posted: Sep 1, 2012 12:20:45 AM

A new monopoly in a new technology.
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Mustache_33
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Message Posted: Sep 1, 2012 12:18:17 AM

hmm
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crreed1
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Message Posted: Sep 1, 2012 12:14:03 AM

ok
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tatker
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Message Posted: Sep 1, 2012 12:13:37 AM

Hope so
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BeanoLI
All-Star Author Long Island

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Message Posted: Sep 1, 2012 12:09:31 AM

As long as it's done safely and responsibly !
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aggietim
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Message Posted: Sep 1, 2012 12:09:19 AM

hmm
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Beaveronparade
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Message Posted: Sep 1, 2012 12:09:16 AM

I agree, if this works it's good!
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blah2blah3
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Message Posted: Sep 1, 2012 12:08:05 AM

Ok
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Blue_Cruzer
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Message Posted: Sep 1, 2012 12:07:27 AM

If it works as stated, good.
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