Garrett County and Natural Gas - Risks and Benefits

A selection of categorized links to allow one to assess the risks and benefits of gas development in Garrett Conty.

Garrett County Montage

Refrackturing Wells

A well may be hydraulically fractured more than once. There are special issues with this approach. There is no guarantee that this will result in increased production.

- 1348 - [February 11, 2015] - Tulsa World, DAVID WETHE Bloomberg.com - "Refracking: Drillers take second crack at fracking old wells to cut cost"
"Beset by falling prices, the oil industry is looking at about 50,000 existing wells in the U.S. that may be candidates for a second wave of fracking, using techniques that didn’t exist when they were first drilled.
New wells can cost as much as $8 million, while re-fracking costs about $2 million, significant savings when the price of crude is hovering close to $50 a barrel, according to Halliburton Co., the world’s biggest provider of hydraulic fracturing services."
- 1694 - [March 5, 2015] - Seeking Alpha, Omar Jama - "Refracking US Oil And Gas Wells"
"Schlumberger's (NYSE:SLB) 1Q 2015 conference call highlighted what could be a growing trend in the US oil patch, the refracking of older horizontal oil and gas wells. The massive 40+% decline in drilling and fracking activity means lots of equipment now sits idle and the 15% workforce reductions SLB has announced to date means that a lot of work crews are still sitting around."