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Politics : Peak Oil reality or Myth, of an out of Control System
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To: dvdw© who wrote (1190)12/6/2014 10:25:01 AM
From: robert b furmanRead Replies (2) of 1580
 
Hi Dvdw,

Another insight as to how oil miners are learning new high yield practices:

As a side point management is continuing to make cost improvements. For instance, recently CHK has been drilling cross unit laterals in the Haynesville shale. CHK spends about $500,000 per lateral drilled; and it gains about $2 million in NPV for every well for which it can drill a cross unit lateral. This is a new technical advance that is increasing EUR's; and it is highly fiscally sound.

Bob
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