The Next Step in Fracking
Hydraulic fracturing or “fracking” is a process that uses a high-pressure water mixture to break through rock and reach oil that was previously unreachable. This has brought new life back into aging wells and caused a fracking boom across much of the US. Now the trend of refracking is allowing horizontal wells to produce even more oil. According to one article in Bloomberg, “early evidence of restimulation suggest that the fields could actually contain enough reserves to last about 50 years…” and some of the wells that were originally tapped in North Dakota’s Bakken shale formation in 2008 or 2009 can be refracked again years later with more output.
For oil companies this means the opportunity to produce more oil with a relatively low cost process as the most expensive part of the fracking process, drilling the wellbore, has already been done the first time around. Companies like Sanchez Energy Corp. plan to spend $1 million to $1.5 million per well to refrack its original horizontal wells.
At Stam, we have extensive experience working with the oil and gas industry to provide piping for oilfield equipment. Traditionally, oil and gas piping was produce by the labor intensive method of cutting pipe and welding elbows to form the assembly. The weld joints from this method may cause potential leak points. However, at Stam we bend pipes in one continuous unit with weld joints on at the ends to reduce to potential for leaks. This technique means a reduction in cost and installation time in hydraulic fracturing units, gas compressors, and other oilfield equipment.