SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CLK who wrote ()10/15/1999 2:28:00 AM
From: the truth  Read Replies (1) of 3335
 
sued on October 5, 1999

Energy Department Releases Report Citing
Environmental Benefits of Advanced Oil, Gas Technology

It takes 22,000 fewer wells annually to develop the same amount of oil and gas reserves as it did in
1985. That's one of the interesting findings in a new Department of Energy report that chronicles the
advancement of technology in U.S. oil and gas fields and the significant environmental benefits that
have resulted.

"This report documents the significant innovations in oil and gas exploration
and production," said Robert Gee, the Energy Department's Assistant
Secretary for Fossil Energy. "It illustrates how advanced technology has led to
fewer dry holes, smaller drilling 'footprints,' more productive wells, and less
waste. All of these advances have contributed to a cleaner environment, and
even greater benefits are possible."

The report highlights 36 specific technological innovations as representative of a much larger set of
improvements that have occurred during the last 30 years. These advances have enabled the domestic
petroleum industry to increase the efficiency of its exploration and production efforts, while improving its
environmental track record.

For example, according to the report:

If technology had not advanced in the last 15 years, four domestic wells would be required today
to produce the oil that two wells produced in 1985. But because of more effective oil field
technology, today the 1985-level production can be achieved with only one well.

Fewer wells mean less drilling waste. Based on the average amount of waste produced in a
typical drilling operation, U.S. operators today avoid producing as much as 148 million barrels of
drilling wastes annually because of increased well productivity - an amount equivalent to covering
1440 football fields to a depth of 10 feet.

Today's drilling technology has allowed operators to reduce the "footprint" of well pads by as
much as 70 percent, especially important in environmentally sensitive areas such as Prudhoe
Bay in Alaska.

Moreover, by using modular drilling rigs and "slimhole" drilling, operators can reduce the area
cleared for drilling operations by as much as 75 percent compared to current conventional
technology. If technology development had stopped in 1985, today's U.S. drill pads would cover
an additional 17,000 acres of land.

New acoustical and vibration devices are being developed to replace explosives for generating
seismic signals, reducing noise and protecting human, marine and animal life.

"We have only scratched the surface of what is possible - and of what technological improvements can
do to benefit the energy security and environmental quality for future generations," Gee said.

For example, the report calls attention to new downhole oil and water separation devices that could
increase the proportion of oil that flows from a well, while decreasing by as much as 95 percent the
amount of water that must be disposed of. If these devices are widely deployed, as much as 5 billion
barrels per year of produced water that otherwise would have been brought to the surface will remain in
the ground.

The report also cites new technology being developed that can capture 95 percent or more of the
methane gas now emitted in oil and gas operations, which contributes to greenhouse gas concerns. In
the future, carbon dioxide, another greenhouse gas, captured from factories and electric power plants
may be injected into oil reservoirs to enhance oil recovery, or into coal seams, or into natural gas
storage fields to prevent it from entering the atmosphere.

-End of TechLine-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext