The paper mentions that the U.S. Department of Energy DOE is launching a major research and development initiative to create a small, fast, inexpensive and environmentally friendly rig for drilling 5000' boreholes to investigate potential oil and gas reservoirs. DOE wishes to get input from petroleum industry operators, service companies...
As on-going gas production continues to move from shallow and conventional natural gas resources to more complex geology, sustained natural gas supply will increasingly depend on industry?s ingenuity to develop environmentally friendly technologies that simultaneously lower the costs to drill, complete, and stimulate wells. To address these needs, the Office...
This article focuses on the importance of reducing drilling costs. Reducing drilling costs is a key goal of the drilling, completion, and stimulation program. Lower costs increase reserves and production by allowing marginal reservoirs to become economic targets. R&D efforts must also address the public?s concern for less evasive technologies...
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