Sunday, September 02, 2012

Videos on the Hydraulic Fracturing Process and the Energy Prosperity It Has Brought to North Dakota

Here's the technology driving our energy bonanza.

Here's another great animation (see another one here) of the drilling technology that is responsible for America's revolutionary, game-changing, shale-based energy bonanza, which was described by CEO Robin West of PFC Energy as the "energy equivalent of the Berlin Wall coming down."

The video above comes from the Energy from Shale organization: 

"Hydraulic fracturing is a process that has been used for more than 60 years for the extraction of oil and natural gas from underground shale formations. The technology continues to improve accessing abundant energy sources, while limiting environmental impact."
 
The videos below are also from Energy from Shale, and they explain how hydraulic fracturing and shale oil are supporting communities in North Dakota by bringing energy-related jobs and prosperity to the state's Bakken region.




7 Comments:

At 9/02/2012 9:53 AM, Blogger Storm'n Norm'n said...

If Obama gets his way he'll give fracturing rights to China...he'll help them drill from the opposite side of the globe (LOL)

ps: Don't tell Obama I said this, he might try it...(NLOL...not laughing out loud!)

 
At 9/02/2012 3:00 PM, Blogger juandos said...

Infomercials?

Well even if they are I'm glad you found them Mark...

Thanks for posting them...

 
At 9/03/2012 2:56 AM, Blogger Benjamin said...

I wonder how much oil shale there is in the world, and whether it can be profitably extracted for $60-$80 a barrel. Seems like there is a cap on oil prices, depending on the shale story....demand for oil goes limp around $80 to $90 a barrel, starts to flatline...

 
At 9/03/2012 9:14 AM, Blogger Hell_Is_Like_Newark said...

Benjamin:

About 2/3 rds of the world's oil supply is heavy oil (bitumen, tar sands, etc.). The trick is upgrading something that is almost solid at room temperature, to a low enough viscosity that the oil can be transported by pipeline.

There are a couple companies that have technology to do the latter. There is a heavy oil project called Tamarak in Canada that is waiting for government approvals to go forward.

Based on my own research, prices need to be above $60 to make expansion of non-conventional oil worth investing in. You need above $40 to at least break even.

 
At 9/03/2012 12:00 PM, Blogger VangelV said...

LOL...Infomercials are nice but where are the videos showing how the industry makes money by using the fracking process. We know that in the sweet spots of the good formations there is money to be made. But where is the money on the average well in the typical formation?

 
At 9/04/2012 6:11 PM, Blogger Hydra said...

The Egyptians uses a form of hydraulic fracturing to cut stone for the pyramids. Drill a hole, put a wooden plug in the hole, fill it with water. When the wood expands it willl fracture the stone.

 
At 9/04/2012 9:44 PM, Blogger VangelV said...

The Egyptians uses a form of hydraulic fracturing to cut stone for the pyramids. Drill a hole, put a wooden plug in the hole, fill it with water. When the wood expands it willl fracture the stone.

Silver miners in Mexico would fill holes and cracks with dry clay and add water. The expansion would crack the rock and allow them to get to the veins. You can still see the evidence in many of the old mines. The interesting part is that the process was only economic at a particular grade. That cutoff is considered extremely rich today and there are a number of players going over the old mining camps to see if staking would be worthwhile.

 

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