Thursday, February 10, 2011

New Drilling Method Opens Vast U.S. Oil Fields: Productivty increase by 7x

Fox New is reporting on a new drilling method that could dramatically increase oil production.

http://www.foxnews.com/us/2011/02/10/new-drilling-method-opens-vast-oil-fields/

Also http://www.horizontaldrilling.org/


While the cost factor for a horizontal well may be as much as two or three times that of a vertical well, the production factor can be enhanced as much as 15 or 20 times, making it very attractive.

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