Let An Industry Insider Help
and Educate You Step by Step

We’re seeing development costs go down with development operations in the Bakken Shale in North Dakota Editor

Halliburton Cut Fracking Water Costs by $400,000 a Bakken Well

By David Wethe – Mar 5, 2013 4:29 PM PT.Subject: Halliburton Cut Fracking Water Costs by $400,000 a Bakken Well – Bloomberg

http://mobile.bloomberg.com/news/2013-03-06/halliburton-cut-fracking-water-costs-by-400-000-a-bakken-well.html?cmpid=yhoo

Halliburton Co. (HAL), the world’s largest provider of hydraulic-fracturing services, boosted savings from the use of recycled water in the drilling technique to as much as $400,000 a well last year.

Halliburton changed the chemistry of the water, chemical and sand combination blasted underground to free trapped hydrocarbons, increasing savings from about $6,000 a well in 2011 to as much as $400,000 in 2012 for some wells in North Dakota’s Bakken field, said Walter Dale, head of water management for the Houston-based company.

“It is a paradigm shift for the industry,” Dale said today in an interview at IHS CERAWeek in Houston.

Bakken wells cost an average $10 million to drill and complete in the fourth quarter, Hess Corp., which holds 800,000 acres in the region, said in a slide presentation March 4. As local and federal regulators raise questions about water consumption from drilling operations, U.S. oil and natural gas producers are asking service companies to improve their handling of the millions of gallons of fluids involved in fracking an average well.

Halliburton’s goal is for the entire oil and gas industry to use an average of 25 percent less fresh water in fracking jobs by the end of next year, Dale said.

To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

If you would like to be included in our "Email Updates" please fill out the form below!
Provide your Name and Email and In the First Email Click The Link to Our Form So That We Can Find Out More About You. Once You Provide this Information I Can Contact You With Further Information!
Name:
Email: