References to articles and reports describing the development of waterless fracking
- - 1866 - [NA] - Marcellus.com, Danielle Wente | Shale Plays Media - "Waterless fracking test well isn’t doing so hot"
- "While the oil and gas industry was excited about the idea of waterless fracking and the environmental and health benefits that it would bring, it is sad to say the Ohio well testing waterless fracking isn’t exactly that bright light at the end of tunnel.
The $22 million test well operated by EV Energy Partners LP, along with eight other companies, in Tuscarawas County, Ohio, has officially been producing for 90 days but didn’t quite meet expectations. Nettles, the test well, produced half the amount of oil that its neighboring well that used water produced. EV Energy Partners LP’s Chairman John Walker shared the information on Monday during an earning calls with analysts.
EV Energy’s Director Ken Mariani said that the costs of drilling a typical well in the Utica shale formation usually costs $6.5 million to $8 million. As Mariani explained, it is obvious that $22 million on one well is a lot of money."