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Schlumberger's clever frack takes aim at gas costs

Reuters --
(Reuters) - Production costs of natural gas from unconventional fields could tumble in the United States if a new technique developed by Schlumberger lives up to its billing.

The world's largest oilfield services company by market value and others working in the industry have suffered this year because the runaway success of hydraulic fracturing (fracking) and horizontal drilling techniques to extract so-called unconventional gas has created a glut and caused a price slide.

But using a proprietary system called Hiway that only became commercially viable last year, Schlumberger's fracker in chief believes he has knocked a lump out of the infant industry's three major cost components; water, sand, and trucks.

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Submitted Sep 01, 2012 By: mastermariner

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remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Sep 2, 2012 4:27:39 PM Ignore remay Report Abuse They are great at marketing...
jimbeaux53 Champion Author Kansas City Posts:5,094 Points:969,585 Joined:Aug 2010	Message Posted: Sep 2, 2012 6:38:09 AM Ignore jimbeaux53 Report Abuse pro·pri·e·tar·y adj. 1. Exclusively owned; private; secret Which is all great except for one thing. They are pumping this 'secret sauce' down, deep into the ground in order to make more gas more cheaply and make more money. Isn't free enterprise great. It's free for them but often paid for by others in terms of contaminated ground water, long term damage to ecosystems and triggering seismic events i.e. earthquakes. Free enterprise in action -- it's great!
jrs4125 Champion Author Indiana Posts:2,768 Points:593,695 Joined:Sep 2011	Message Posted: Sep 2, 2012 6:26:13 AM Ignore jrs4125 Report Abuse Alrighty then.
MAC48 Champion Author Dallas Posts:1,551 Points:768,670 Joined:Dec 2006	Message Posted: Sep 1, 2012 11:55:58 PM Ignore MAC48 Report Abuse Any new technique or technology that allows the same or increased production with lower productions costs sounds real good.
geezrtek Champion Author Michigan Posts:1,917 Points:432,185 Joined:Apr 2011	Message Posted: Sep 1, 2012 12:04:12 PM Ignore geezrtek Report Abuse American ingenuity. Lower costs allow natural gas producers to be profitable even at a super low prices. Win Win
crep1291 Champion Author Ottawa Posts:2,587 Points:481,455 Joined:Dec 2010	Message Posted: Sep 1, 2012 8:18:57 AM Ignore crep1291 Report Abuse Excellent.
snky2k Champion Author Indianapolis Posts:1,413 Points:305,740 Joined:Mar 2012	Message Posted: Sep 1, 2012 1:14:45 AM Ignore snky2k Report Abuse Cool! Good luck to them!
kgbellman Champion Author Ann Arbor Posts:2,728 Points:734,765 Joined:Mar 2011	Message Posted: Sep 1, 2012 1:11:11 AM Ignore kgbellman Report Abuse Whatever it takes
malfrog1 Champion Author South Bend Posts:2,211 Points:551,935 Joined:Feb 2011	Message Posted: Sep 1, 2012 12:21:15 AM Ignore malfrog1 Report Abuse o k
batman2010 Champion Author Toronto Posts:1,683 Points:1,017,630 Joined:Jan 2010	Message Posted: Sep 1, 2012 12:19:17 AM Ignore batman2010 Report Abuse ok
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Sep 1, 2012 12:18:31 AM Ignore LostToo Report Abuse I love those "Frackers."
58salty Champion Author Jacksonville Posts:6,645 Points:631,840 Joined:Aug 2011	Message Posted: Sep 1, 2012 12:16:28 AM Ignore 58salty Report Abuse I'm with RENEGADEGAS 100%.
bojiway1 Champion Author Minnesota Posts:2,059 Points:480,985 Joined:Dec 2011	Message Posted: Sep 1, 2012 12:16:03 AM Ignore bojiway1 Report Abuse Ok
greenfog Champion Author Illinois Posts:6,500 Points:1,640,970 Joined:Feb 2008	Message Posted: Sep 1, 2012 12:12:33 AM Ignore greenfog Report Abuse they need to take out chemicals that destroy ground water.
carloco75 Champion Author Richmond Posts:3,721 Points:602,965 Joined:Oct 2010	Message Posted: Sep 1, 2012 12:07:20 AM Ignore carloco75 Report Abuse Fracking Frackidy Frack....
RENEGADEGAS Champion Author Missouri Posts:14,929 Points:1,594,150 Joined:Jul 2008	Message Posted: Sep 1, 2012 12:03:34 AM Ignore RENEGADEGAS Report Abuse Whatever it takes to make the US energy independent.
yonasb Champion Author Houston Posts:3,463 Points:739,875 Joined:Apr 2011	Message Posted: Sep 1, 2012 12:03:32 AM Ignore yonasb Report Abuse ok
TBONE3 Champion Author Pennsylvania Posts:8,761 Points:1,979,575 Joined:Mar 2005	Message Posted: Sep 1, 2012 12:03:03 AM Ignore TBONE3 Report Abuse Don't think I really need to know all that. Just do it or stop!
bcok Champion Author Los Angeles Posts:2,131 Points:1,545,470 Joined:Oct 2005	Message Posted: Sep 1, 2012 12:02:18 AM Ignore bcok Report Abuse ok
Ron77095 Champion Author Houston Posts:3,075 Points:605,600 Joined:Sep 2011	Message Posted: Sep 1, 2012 12:01:39 AM Ignore Ron77095 Report Abuse ok.
etothek Champion Author Pennsylvania Posts:1,658 Points:333,605 Joined:Jun 2012	Message Posted: Sep 1, 2012 12:00:27 AM Ignore etothek Report Abuse Ok
Bildawg Champion Author Ohio Posts:1,071 Points:483,545 Joined:Oct 2011	Message Posted: Aug 31, 2012 11:56:46 PM Ignore Bildawg Report Abuse cool
7SPEEDY7 Champion Author Flint Posts:1,301 Points:608,375 Joined:May 2011	Message Posted: Aug 31, 2012 11:55:58 PM Ignore 7SPEEDY7 Report Abuse Interesting.
lunarrv15 Champion Author Cincinnati Posts:14,882 Points:2,387,260 Joined:Dec 2005	Message Posted: Aug 31, 2012 11:55:31 PM Ignore lunarrv15 Report Abuse okay..interesting thanks for posting
10k Champion Author North Carolina Posts:21,275 Points:2,256,945 Joined:May 2006	Message Posted: Aug 31, 2012 11:54:45 PM Ignore 10k Report Abuse i read it also Kawibiker, but i still don't know what i read..
1momsunshine Champion Author Ottawa Posts:5,505 Points:1,003,505 Joined:Mar 2010	Message Posted: Aug 31, 2012 11:50:39 PM Ignore 1momsunshine Report Abuse k
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Aug 31, 2012 11:48:01 PM Ignore joel27nc Report Abuse If it works as stated
mrbee Champion Author Little Rock Posts:3,768 Points:2,468,535 Joined:Oct 2005	Message Posted: Aug 31, 2012 11:47:07 PM Ignore mrbee Report Abuse Go for it.
Kawibiker Champion Author Illinois Posts:1,175 Points:205,575 Joined:May 2012	Message Posted: Aug 31, 2012 11:46:23 PM Ignore Kawibiker Report Abuse I read it..
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: Aug 31, 2012 11:42:54 PM Ignore megadiesellv Report Abuse Ok.
panda317 Champion Author Massachusetts Posts:2,264 Points:688,600 Joined:Aug 2002	Message Posted: Aug 31, 2012 11:41:20 PM Ignore panda317 Report Abuse ok
pa79th Champion Author Pennsylvania Posts:1,797 Points:1,219,025 Joined:Jun 2007	Message Posted: Aug 31, 2012 11:40:41 PM Ignore pa79th Report Abuse I need more details than this. For all I know they are pumping cyanide into the wells.
SBlouch Champion Author San Antonio Posts:8,745 Points:1,862,190 Joined:Apr 2007	Message Posted: Aug 31, 2012 11:40:40 PM Ignore SBlouch Report Abuse Interesting article. Only time will tell.
quasar502 Champion Author Lansing Posts:3,593 Points:803,300 Joined:Jan 2011	Message Posted: Aug 31, 2012 11:38:33 PM Ignore quasar502 Report Abuse I hope it's all good.
GRUMPY55 Champion Author California Posts:1,629 Points:424,250 Joined:Oct 2011	Message Posted: Aug 31, 2012 11:37:43 PM Ignore GRUMPY55 Report Abuse ok
Ken2OD Champion Author Grand Rapids Posts:9,082 Points:1,973,890 Joined:Dec 2005	Message Posted: Aug 31, 2012 11:37:10 PM Ignore Ken2OD Report Abuse You're not going to get any trade secrets by reading this. What a huge disappointment!
LanguageMan1 Champion Author Tampa Posts:11,733 Points:1,663,740 Joined:Apr 2008	Message Posted: Aug 31, 2012 11:28:14 PM Ignore LanguageMan1 Report Abuse We'll see, and it would be nice if it works as well as cause less pollution! Have a Happy Labor Day weekend everyone!
Tigercat88 Champion Author North Carolina Posts:3,212 Points:619,790 Joined:Jul 2011	Message Posted: Aug 31, 2012 11:26:50 PM Ignore Tigercat88 Report Abuse Good.
otherdave Champion Author Indiana Posts:3,408 Points:1,272,085 Joined:Oct 2008	Message Posted: Aug 31, 2012 11:26:05 PM Ignore otherdave Report Abuse ok
bridgerunner Champion Author Virginia Posts:4,797 Points:1,008,785 Joined:Jul 2009	Message Posted: Aug 31, 2012 11:20:56 PM Ignore bridgerunner Report Abuse That would be interesting if it works.
g747 Champion Author Mobile Posts:4,551 Points:935,620 Joined:Jul 2009	Message Posted: Aug 31, 2012 11:20:45 PM Ignore g747 Report Abuse A new monopoly in a new technology.
Mustache_33 All-Star Author Toronto Posts:900 Points:181,455 Joined:May 2012	Message Posted: Aug 31, 2012 11:18:17 PM Ignore Mustache_33 Report Abuse hmm
crreed1 Champion Author West Virginia Posts:2,000 Points:2,529,260 Joined:May 2005	Message Posted: Aug 31, 2012 11:14:03 PM Ignore crreed1 Report Abuse ok
tatker Champion Author Asheville Posts:1,976 Points:561,780 Joined:Dec 2010	Message Posted: Aug 31, 2012 11:13:37 PM Ignore tatker Report Abuse Hope so
BeanoLI All-Star Author Long Island Posts:546 Points:734,985 Joined:Sep 2010	Message Posted: Aug 31, 2012 11:09:31 PM Ignore BeanoLI Report Abuse As long as it's done safely and responsibly !
aggietim Champion Author Fort Worth Posts:1,756 Points:694,825 Joined:Oct 2008	Message Posted: Aug 31, 2012 11:09:19 PM Ignore aggietim Report Abuse hmm
Beaveronparade Champion Author Hartford Posts:2,108 Points:637,535 Joined:Mar 2011	Message Posted: Aug 31, 2012 11:09:16 PM Ignore Beaveronparade Report Abuse I agree, if this works it's good!
blah2blah3 Champion Author Houston Posts:2,616 Points:603,570 Joined:May 2011	Message Posted: Aug 31, 2012 11:08:05 PM Ignore blah2blah3 Report Abuse Ok
Blue_Cruzer Champion Author Lexington Posts:7,530 Points:1,671,535 Joined:Mar 2007	Message Posted: Aug 31, 2012 11:07:27 PM Ignore Blue_Cruzer Report Abuse If it works as stated, good.