Permian Basin leads nation in horizontal drilling growth
fyi (a bit dated/ May 2014)
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Permianshale.com/Permian10X as much/link:
https://permianshale.com/news/id/71941/permian-basin-leads-nation-in-horizontal-drilling-growth-6/
“If you look at the Permian Basin in general, the shale opportunities are vast,” said Tim Dove, Pioneer’s president and chief operating officer. “There is a vast amount of shale to deal with. If you look at the Eagle Ford, there’s about 300 feet of shale; in the Bakken, there’s about 150-200 feet. In the Permian Basin, there’s 3,500 to 4,000 feet, almost 10 times as much.”
Further, Dove said, the Permian Basin covers a vast amount of shale, ranging from 150 miles north-south and 75 feet east-west. “The resource potential is positively immense, and the way to tap those reserves is horizontal drilling and horizontal stimulation.”
also:
Dove said the rising amount of production will be a barrier to growth. He explained that Gulf Coast refineries are set up to handle heavier, more sour crudes, mainly imported crudes, and won’t be able to process the lighter crudes that he called high-value, lighter crudes more suited to transportation fuels.
That is why, he said, it is important the government end bans on exporting domestic crudes and let these lighter crudes be exported to oversees refineries that are designed to process them and let the domestic refineries continue to focus on the heavier crudes.
Lifting the ban is more a necessity than a desire, he said. “You can’t put crude on cornflakes.”
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