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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

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remay Champion Author Houston Posts:7,073 Points:2,142,240 Joined:May 2006	Message Posted: Sep 2, 2012 5:27:39 PM Ignore remay Report Abuse They are great at marketing...
jimbeaux53 Champion Author Kansas City Posts:5,222 Points:993,260 Joined:Aug 2010	Message Posted: Sep 2, 2012 7:38:09 AM Ignore jimbeaux53 Report Abuse 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!
jrs4125 Champion Author Indiana Posts:2,888 Points:617,495 Joined:Sep 2011	Message Posted: Sep 2, 2012 7:26:13 AM Ignore jrs4125 Report Abuse Alrighty then.
MAC48 Champion Author Dallas Posts:1,580 Points:787,525 Joined:Dec 2006	Message Posted: Sep 2, 2012 12:55:58 AM Ignore MAC48 Report Abuse Any new technique or technology that allows the same or increased production with lower productions costs sounds real good.
geezrtek Champion Author Michigan Posts:2,043 Points:448,785 Joined:Apr 2011	Message Posted: Sep 1, 2012 1:04:12 PM Ignore geezrtek Report Abuse American ingenuity. Lower costs allow natural gas producers to be profitable even at a super low prices. Win Win
crep1291 Champion Author Ottawa Posts:2,636 Points:486,070 Joined:Dec 2010	Message Posted: Sep 1, 2012 9:18:57 AM Ignore crep1291 Report Abuse Excellent.
snky2k Champion Author Indianapolis Posts:1,523 Points:329,090 Joined:Mar 2012	Message Posted: Sep 1, 2012 2:14:45 AM Ignore snky2k Report Abuse Cool! Good luck to them!
kgbellman Champion Author Ann Arbor Posts:2,849 Points:758,565 Joined:Mar 2011	Message Posted: Sep 1, 2012 2:11:11 AM Ignore kgbellman Report Abuse Whatever it takes
malfrog1 Champion Author South Bend Posts:2,331 Points:575,735 Joined:Feb 2011	Message Posted: Sep 1, 2012 1:21:15 AM Ignore malfrog1 Report Abuse o k
batman2010 Champion Author Toronto Posts:1,799 Points:1,040,455 Joined:Jan 2010	Message Posted: Sep 1, 2012 1:19:17 AM Ignore batman2010 Report Abuse ok
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Sep 1, 2012 1:18:31 AM Ignore LostToo Report Abuse I love those "Frackers."
58salty Champion Author Jacksonville Posts:6,821 Points:655,640 Joined:Aug 2011	Message Posted: Sep 1, 2012 1:16:28 AM Ignore 58salty Report Abuse I'm with RENEGADEGAS 100%.
bojiway1 Champion Author Minnesota Posts:2,180 Points:504,685 Joined:Dec 2011	Message Posted: Sep 1, 2012 1:16:03 AM Ignore bojiway1 Report Abuse Ok
greenfog Champion Author Illinois Posts:6,620 Points:1,664,770 Joined:Feb 2008	Message Posted: Sep 1, 2012 1:12:33 AM Ignore greenfog Report Abuse they need to take out chemicals that destroy ground water.
carloco75 Champion Author Richmond Posts:3,843 Points:626,745 Joined:Oct 2010	Message Posted: Sep 1, 2012 1:07:20 AM Ignore carloco75 Report Abuse Fracking Frackidy Frack....
RENEGADEGAS Champion Author Missouri Posts:15,064 Points:1,617,850 Joined:Jul 2008	Message Posted: Sep 1, 2012 1:03:34 AM Ignore RENEGADEGAS Report Abuse Whatever it takes to make the US energy independent.
yonasb Champion Author Houston Posts:3,463 Points:757,250 Joined:Apr 2011	Message Posted: Sep 1, 2012 1:03:32 AM Ignore yonasb Report Abuse ok
TBONE3 Champion Author Pennsylvania Posts:8,876 Points:2,003,150 Joined:Mar 2005	Message Posted: Sep 1, 2012 1:03:03 AM Ignore TBONE3 Report Abuse Don't think I really need to know all that. Just do it or stop!
bcok Champion Author Los Angeles Posts:2,176 Points:1,554,545 Joined:Oct 2005	Message Posted: Sep 1, 2012 1:02:18 AM Ignore bcok Report Abuse ok
Ron77095 Champion Author Houston Posts:3,190 Points:628,425 Joined:Sep 2011	Message Posted: Sep 1, 2012 1:01:39 AM Ignore Ron77095 Report Abuse ok.
etothek Champion Author Pennsylvania Posts:1,774 Points:356,430 Joined:Jun 2012	Message Posted: Sep 1, 2012 1:00:27 AM Ignore etothek Report Abuse Ok
Bildawg Champion Author Ohio Posts:1,086 Points:503,170 Joined:Oct 2011	Message Posted: Sep 1, 2012 12:56:46 AM Ignore Bildawg Report Abuse cool
7SPEEDY7 Champion Author Flint Posts:1,416 Points:631,200 Joined:May 2011	Message Posted: Sep 1, 2012 12:55:58 AM Ignore 7SPEEDY7 Report Abuse Interesting.
lunarrv15 Champion Author Cincinnati Posts:15,055 Points:2,409,110 Joined:Dec 2005	Message Posted: Sep 1, 2012 12:55:31 AM Ignore lunarrv15 Report Abuse okay..interesting thanks for posting
10k Champion Author North Carolina Posts:21,476 Points:2,280,745 Joined:May 2006	Message Posted: Sep 1, 2012 12:54:45 AM Ignore 10k Report Abuse i read it also Kawibiker, but i still don't know what i read..
1momsunshine Champion Author Ottawa Posts:5,610 Points:1,025,045 Joined:Mar 2010	Message Posted: Sep 1, 2012 12:50:39 AM Ignore 1momsunshine Report Abuse k
joel27nc Champion Author Raleigh Posts:10,667 Points:1,884,120 Joined:Mar 2008	Message Posted: Sep 1, 2012 12:48:01 AM Ignore joel27nc Report Abuse If it works as stated
mrbee Champion Author Little Rock Posts:3,888 Points:2,492,335 Joined:Oct 2005	Message Posted: Sep 1, 2012 12:47:07 AM Ignore mrbee Report Abuse Go for it.
Kawibiker Champion Author Illinois Posts:1,221 Points:215,465 Joined:May 2012	Message Posted: Sep 1, 2012 12:46:23 AM Ignore Kawibiker Report Abuse I read it..
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: Sep 1, 2012 12:42:54 AM Ignore megadiesellv Report Abuse Ok.
panda317 Champion Author Massachusetts Posts:2,369 Points:711,725 Joined:Aug 2002	Message Posted: Sep 1, 2012 12:41:20 AM Ignore panda317 Report Abuse ok
pa79th Champion Author Pennsylvania Posts:1,912 Points:1,241,850 Joined:Jun 2007	Message Posted: Sep 1, 2012 12:40:41 AM Ignore pa79th Report Abuse I need more details than this. For all I know they are pumping cyanide into the wells.
SBlouch Champion Author San Antonio Posts:8,828 Points:1,883,375 Joined:Apr 2007	Message Posted: Sep 1, 2012 12:40:40 AM Ignore SBlouch Report Abuse Interesting article. Only time will tell.
quasar502 Champion Author Lansing Posts:3,713 Points:827,100 Joined:Jan 2011	Message Posted: Sep 1, 2012 12:38:33 AM Ignore quasar502 Report Abuse I hope it's all good.
GRUMPY55 Champion Author California Posts:1,661 Points:432,165 Joined:Oct 2011	Message Posted: Sep 1, 2012 12:37:43 AM Ignore GRUMPY55 Report Abuse ok
Ken2OD Champion Author Grand Rapids Posts:9,203 Points:1,997,690 Joined:Dec 2005	Message Posted: Sep 1, 2012 12:37:10 AM Ignore Ken2OD Report Abuse You're not going to get any trade secrets by reading this. What a huge disappointment!
LanguageMan1 Champion Author Tampa Posts:11,856 Points:1,687,540 Joined:Apr 2008	Message Posted: Sep 1, 2012 12:28:14 AM Ignore LanguageMan1 Report Abuse We'll see, and it would be nice if it works as well as cause less pollution! Have a Happy Labor Day weekend everyone!
Tigercat88 Champion Author North Carolina Posts:3,332 Points:643,590 Joined:Jul 2011	Message Posted: Sep 1, 2012 12:26:50 AM Ignore Tigercat88 Report Abuse Good.
otherdave Champion Author Indiana Posts:3,530 Points:1,295,135 Joined:Oct 2008	Message Posted: Sep 1, 2012 12:26:05 AM Ignore otherdave Report Abuse ok
bridgerunner Champion Author Virginia Posts:4,917 Points:1,032,585 Joined:Jul 2009	Message Posted: Sep 1, 2012 12:20:56 AM Ignore bridgerunner Report Abuse That would be interesting if it works.
g747 Champion Author Mobile Posts:4,677 Points:960,395 Joined:Jul 2009	Message Posted: Sep 1, 2012 12:20:45 AM Ignore g747 Report Abuse A new monopoly in a new technology.
Mustache_33 All-Star Author Toronto Posts:900 Points:181,455 Joined:May 2012	Message Posted: Sep 1, 2012 12:18:17 AM Ignore Mustache_33 Report Abuse hmm
crreed1 Champion Author West Virginia Posts:2,095 Points:2,549,740 Joined:May 2005	Message Posted: Sep 1, 2012 12:14:03 AM Ignore crreed1 Report Abuse ok
tatker Champion Author Asheville Posts:2,094 Points:584,380 Joined:Dec 2010	Message Posted: Sep 1, 2012 12:13:37 AM Ignore tatker Report Abuse Hope so
BeanoLI All-Star Author Long Island Posts:558 Points:746,850 Joined:Sep 2010	Message Posted: Sep 1, 2012 12:09:31 AM Ignore BeanoLI Report Abuse As long as it's done safely and responsibly !
aggietim Champion Author Fort Worth Posts:1,821 Points:715,250 Joined:Oct 2008	Message Posted: Sep 1, 2012 12:09:19 AM Ignore aggietim Report Abuse hmm
Beaveronparade Champion Author Hartford Posts:2,164 Points:659,505 Joined:Mar 2011	Message Posted: Sep 1, 2012 12:09:16 AM Ignore Beaveronparade Report Abuse I agree, if this works it's good!
blah2blah3 Champion Author Houston Posts:2,736 Points:626,620 Joined:May 2011	Message Posted: Sep 1, 2012 12:08:05 AM Ignore blah2blah3 Report Abuse Ok
Blue_Cruzer Champion Author Lexington Posts:7,650 Points:1,695,335 Joined:Mar 2007	Message Posted: Sep 1, 2012 12:07:27 AM Ignore Blue_Cruzer Report Abuse If it works as stated, good.