WISR Ltd V.WZR

RE: New Technology->cyclops

[canadafox]

Drillex; You did say as the leading statement and introduction to your original post the following;

'Drilling technology developed in the west has come along way in the last few years. The industry has developed the ability to re-enter marginal producing  vertically drilled oil and gas fields and turn them into very profitable producers... etc. '

That is; you said 'Drilling technology' and not 'completion technology'.  I note you have now segued into the latter as your emphasis.  You cannot re-enter a marginal vertical well and turn it into a 'very profitable producer' without sidetracking it in order to drill the horizontal leg(s).  You specifically refer to these practices as having 'come a long way' recently, i.e. they are 'new'.  I note you now ignore that you made this point - on which my comment was based.  The industry has had the capability to do what you claimed in the above sentences for many decades as I commented.  The initial research into many of the basic technologies required for effective horizontal drilling ( top drives, MWD, Torque/Drag modelling ) was primarily undertaken in Europe.  The French in particular being heavily involved except for the latter which was UK-developed.  Those that I recall being developed mostly in the US were motor technologies, Schlumberger's hi-rate MWD ( ex-Mobil Dallas Research ) and solid-state attitude sensors.

BTW;  I worked beside the developers of the original mathematical models and software codes first used in conventional hydraulic fracturing.  That was in the early-1980s and was in Europe ( Schlumberger ).  I don't need Frac 101 as a result of this prior knowledge.  The APPLICATION of these fundamental techniques in tight shales was taken forward practically in the mid-1980s and early-1990s by the US DOE and Mitchell Energy.  Their efforts resulting in the recent resurgence of US oil/gas production via massive multi-stage fracs.

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