June 12, 2019
Shale EOR Delivers, So Why Won’t the Sector Go Big? (Featured)
The oil is there. The gas is nearby. The process is proven.
But is there an appetite to put it all together and redefine what it means to be a shale producer? This is the key question looming over the future of enhanced oil recovery for tight shale reservoirs, or simply shale EOR.
To answer it, unconventional oil producers are trying to weigh the options from what amounts to a complicated pros-and-cons list.
Developing a shale EOR program may mean drawing resources away from new exploration projects that have quicker returns, the same conundrum that has stymied the US refracturing market. On the other hand, shale EOR boasts impressive economics for companies willing to reinvest in land and wells already paid for.
This financial tug-of-war has been playing out in the shale sector since the spring of 2016. That was when Houston-based EOG Resources let it be known that its shale EOR program was boosting production from vintage horizontal wells in its Eagle Ford Shale asset in south Texas..
Read the full post we were featured in here.