Hydraulically Fractured Horizontal Wells Account for Most New Oil and Natural Gas Wells

According to the U.S. Energy Information Administration, in 2016, hydraulically fractured horizontal wells accounted for 69 percent of all oil and natural gas wells drilled in the United States and 83 percent of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas…

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This Week’s Market Buzz

• Covia’s recent presentation comparing BOE recoveries utilizing Northern White Sand (NWS) to Texas Gold (as a proxy for Regional Sand) is an eye-opener, according to Joel Schneyer, managing director at Capstone Headwaters. Covia reports 16 percent higher EUR’s resulting from the higher crush, sphericity and roundness, and lower acid solubility and turbidity of using NWS compared to Texas Gold.…

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