When challenges arise technology always tries to find a way out for the human species. Fracking technology companies have come up to try and solve the issue of fluctuating oil distribution globally. These technologies have been designed to make extraction of crude oil much easier. They are using pressure to break through rocks to the oil deposits.
A drop in the current oil prices is due to the introduction of these new technologies. These technologies have reduced the cost of drilling both oil and natural gas. This is a reduction in the cost of production. These technologies are already in use in different countries. Some of these countries include: US and the ones in Middle East.
This technology has already been verified that it will work in the following countries: Canada, Mexico, Poland, Middle East, Argentina, Russia, and Mexico. With time this new application of scientific knowledge is expected to be used in lots of different countries which have oil deposits. Some of the petroleum service companies that are expected to embrace this technology include: Halliburton, Schlumberger, and Baker Hughes.
This technology includes lots of inventions which are in the experimental phase. Some of these ideas will include: "Super Fracking". This idea will result in a large amount of oil being extracted over an extended period of time. It also will involve the use of fibre alongside hard grains in order to keep the cracks, where oil pass, open for a longer duration. This will ensure oil flow through the crack at a constant rate.
The other idea is the RapidFrac. This idea involves the use of two special pipes when drilling. The two pipes will have different roles to play. One of the pipes will ensure a work specification from drilling using studies done, e. G. Geology is maintained, while the other acts like an isolator before moving to the next one. All these pipes will be acting as valves whereby when the casing is activated it acts as a passage. This system is quite complicated but it can achieve results which are quite fascinating.
The two technologies alongside others which are being developed have a lot of benefits. Some of the benefits will include: use of less amount of water in the extraction process and also and also it consumes less amount of time.
Currently, the fracking method is made up of two big companies. These companies have dominated the market though there are other smaller companies which are providing competition on a wider scale. Investment in the fracking business is quite rewarding. This is because oil crash and new laws by some state have favored the fracking business.
This new technologies are reducing cost of extraction by very big margins. The example of investor JPMorgan chase project which dropped the cost of production from $2.5 million to $750,00. This is an approximate drop of 70%.
The U. S is also gaining massive benefits from the use of this technology. U. S is producing petroleum finished products at a reduced cost. By use of this technologies US is expected to continue gaining profits by a very big margin. With time, this innovation will definitely be taken up by lots of countries and companies.
A drop in the current oil prices is due to the introduction of these new technologies. These technologies have reduced the cost of drilling both oil and natural gas. This is a reduction in the cost of production. These technologies are already in use in different countries. Some of these countries include: US and the ones in Middle East.
This technology has already been verified that it will work in the following countries: Canada, Mexico, Poland, Middle East, Argentina, Russia, and Mexico. With time this new application of scientific knowledge is expected to be used in lots of different countries which have oil deposits. Some of the petroleum service companies that are expected to embrace this technology include: Halliburton, Schlumberger, and Baker Hughes.
This technology includes lots of inventions which are in the experimental phase. Some of these ideas will include: "Super Fracking". This idea will result in a large amount of oil being extracted over an extended period of time. It also will involve the use of fibre alongside hard grains in order to keep the cracks, where oil pass, open for a longer duration. This will ensure oil flow through the crack at a constant rate.
The other idea is the RapidFrac. This idea involves the use of two special pipes when drilling. The two pipes will have different roles to play. One of the pipes will ensure a work specification from drilling using studies done, e. G. Geology is maintained, while the other acts like an isolator before moving to the next one. All these pipes will be acting as valves whereby when the casing is activated it acts as a passage. This system is quite complicated but it can achieve results which are quite fascinating.
The two technologies alongside others which are being developed have a lot of benefits. Some of the benefits will include: use of less amount of water in the extraction process and also and also it consumes less amount of time.
Currently, the fracking method is made up of two big companies. These companies have dominated the market though there are other smaller companies which are providing competition on a wider scale. Investment in the fracking business is quite rewarding. This is because oil crash and new laws by some state have favored the fracking business.
This new technologies are reducing cost of extraction by very big margins. The example of investor JPMorgan chase project which dropped the cost of production from $2.5 million to $750,00. This is an approximate drop of 70%.
The U. S is also gaining massive benefits from the use of this technology. U. S is producing petroleum finished products at a reduced cost. By use of this technologies US is expected to continue gaining profits by a very big margin. With time, this innovation will definitely be taken up by lots of countries and companies.
About the Author:
You can now get all the important facts about fracking technology companies instantly on the Web! If you have any questions, check out our recommended homepage at http://seawatertechnologies.com right now.
No comments:
Post a Comment