The EIA has forecast total U.S. output will hit 12.61M bbl/day in the current year, eclipsing the previous record of 12.32M bbl/day.
that shale producers can double crude output from their existing wells by employing novel fracking technologies.There’s just a lot of oil being left in the ground. Fracking’s been around for a really long time, but the science of fracking is not well understood,”
Refracturing is an operation designed to restimulate a well after an initial period of production, and can restore well productivity to near original or even higher rates of production as well as extend the productive life of a well. Re-fracking can be something of a booster shot for producers--a quick increase in output for a fraction of the cost of developing a new well.
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