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Drastic improvements needed in shale gas

09/07/2009
Efficiency improvements of at least an order of magnitude are needed in US shale gas plays because field costs will not stay at the levels to which they have dropped since late 2008, said a speaker Aug. 26 at the Summer NAPE E&P Forum in Houston. Now that the industry has mastered combination of horizontal drilling and multiple frac stages, the rate of technology growth seems to be slowing, said William Coates, president, Schlumberger Oilfield Services, North America. Taking more measurements in each well may be the key. Drilling and completion capital costs are not going to stay low, and field service costs may begin to increase within a few months, said Coates. The p...
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