Sentences with phrase «lower drilling costs»

New technology has enabled producers to shift production to resources that are now easier to reach and have lower drilling costs.

That, combined with a low drilling cost, should turn around strong margins for the project, John Christmann, Apache's president and CEO, said at Hart Energy's DUG Executive Conference on Feb. 26.

Not exact matches

That year, drillers packed into the Permian basin in western Texas, where the cost of producing oil is low but the price tag on land — and the companies who own it — has skyrocketed.

But now Papa said the the best days are behind some of those fields after a period of low oil prices prompted drillers to train their rigs on their best acreage and deplete the most cost - efficient production.

It wants a straight, perfectly positioned, well - drilled drain hole right down the identified sweet spot of the reservoir being targeted, one that, when completed, will yield the maximum amount of oil over its economic life at the lowest possible cost.

That deal more than doubled Exxon's resource position to 6 billion BOE, giving it control of an extensive inventory of low - cost drilling locations that it can tap in the years ahead to grow output in an improving oil market.

«We're always looking at incentive programs and projects to improve our profitability and trying to fine - tune and drill down deeper to get to lower unit costs.»

«When innovating this method, we took into account three important aspects — namely the local water driller's knowledge and role, the cost to drill for water and access to water with low amounts of arsenic,» Bhattacharya says.

Recent advances in gas production technology based on horizontal drilling and hydraulic fracturing — also known as fracking — have led to bountiful, low - cost natural gas.

This is a fairly high deload frequency, but necessary given that both the mile and a typical CrossFit metcon will work similar energy pathways.Note the lack of running drills - given the nature of a mile, the rate of return (cost / benefit) for drills tends to be lower for relatively inexperienced athletes than it does for sprints or extreme distance.

Instead, school districts, eager to be perceived as plugged in and afraid of being penalized for low test scores, have bought into expensive drill - and - kill software — the kind that costs a fortune and displays a silly animation of fireworks or cheering crowds for every five correct answers — with only minimal improvements on test scores and scant evidence of long - term progress among students.

Northrup has for many months noted that a mix of low gas prices (probably for many years to come), the costs of extracting gas in New York and inevitable litigation means that whenever the Cuomo administration finally releases new fracking rules, it will take a very long time for drilling to gain any momentum in the state.

While geothermal projects require significant up - front capital investments, especially for exploration, drilling, and power plant construction, the typically low operation cost — including zero expense for fuel — means that over their lifetimes geothermal power plants are often cost - competitive with fossil fuel or nuclear power plants.

The techniques of hydraulic fracturing and horizontal drilling, in combination, have opened up vast new areas for natural gas production, and low - cost natural gas has altered the energy landscape in the United States.

Half of the UK will be opened up to drilling to accomplish for the U.K. what shale oil and shale gas are doing for the U.S. — drastically lowering energy costs while eliminating the country's dependence on foreign fuels.

New, more accurate hydrofracturing (fracking) drilling techniques have opened up enormous, previously inaccessible shale deposits, providing abundant, irresistibly low - cost supplies.

«Drillers fear that federal protections for more threatened and endangered animals could drive up their costs at a time when the industry is already battered by low oil prices, growing competition from renewable energy, and increasing attention from investors and regulators over the climate - altering impacts of fossil fuels,» DeSmog's Sharon Kelly wrote.

The quick reaction time by some of the high - cost producers, notably the American shale oil drillers, is why one of the world's foremost oilmen, Sadad Al - Husseini, the former executive vice-president of Saudi Aramco, the world's biggest oil and gas company, is becoming bullish on oil even as Brent prices sink to the low $ 60s.

With oil companies benefiting from lower service costs, Shell reckons it can drill a well today for about $ 5.5 million, down a whopping 56 percent from 2013.

The average U.S. household saw its disposable income rise $ 1,337 in 2015 because of lower utility bills and other energy - related cost savings, thanks to natural gas produced from shale with hydraulic fracturing and horizontal drilling.

As groundwater levels drop, a variety of negative consequences result: pumps must pull water up from deeper depths, increasing energy use; new wells are drilled and pumped, driving up costs; and groundwater tables drop lower, which may harm streams and ecosystems.

«If we are serious about moving beyond oil toward energy independence, lowering the cost of energy, combating climate change, and cutting carbon pollution emissions, then we must ban offshore drilling,» it read.

(Never mind that experts agree that more domestic drilling wouldn't do anything to lower oil costs in the near term.)

Potter Drilling will receive $ 4 million to research lowering the cost and expanding the range of deep hard rock dDrilling will receive $ 4 million to research lowering the cost and expanding the range of deep hard rock drillingdrilling.

In Louisiana's Haynesville Shale, and now Wyoming, producers have supersized wells in attempts to lower their cost per unit and better compete with cheaper - to - drill areas.

«The past year has been tough because there's been a perfect storm of low [natural] gas prices versus cost, the costs of drilling have gone up significantly over the past two or three years, and the price of gas has come off.

While this boom creates low unemployment and increased investment options (including real estate) in many secondary and tertiary markets where drilling is prevalent, natural gas exploration is not without risk and cost, including increased carbon emissions, groundwater contamination, reduced economic activity in alternative energy sectors and the potential for boom - and - bust local economies susceptible to rapid declines in production.