| BMP ID: |
8585 |
| Title: |
Apply horizontal drilling to increase production and obtain a favorable cost-benefit ratio |
| Text: |
Apply horizontal drilling broadly to increase oil and gas production and obtain a favorable cost-benefit ratio. |
| Source Publication Name: |
Drilling Smarter: Using Directional Drilling to Reduce Oil and Gas Impacts in the Intermountain West |
| Citation Section: |
Economic Advantages of Directional Drilling |
| Citation Page: |
13 |
| Supplemental Documents: |
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| Usage Type: |
Recommended |
| Timing: |
• Drilling
• Production / Operation / Maintenance
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| Oil / Gas Field: |
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| Surface Ownership: |
• Federal
• State
• Private
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| Mineral Ownership: |
• Federal
• State
• Private
|
| Primary Contact: |
Biodiversity Conservation Alliance
P.O. Box 1512
Laramie, Wyoming 82073 United States |
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| Alternate Contact: |
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| Categories: |
Land Surface Disturbance
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| Location: |
Western Region |
| Species: |
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| Vegetation Types: |
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| General Comments: |
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| Cost-Benefit Analysis: |
When horizontal drilling is applied broadly, the increases in oil and gas production more than compensate for higher costs per well. According to studies, directional drilling appears to yield economic advantages on a large scale. Even in individual cases where directional costs are higher, the overall cost-benefit of directional drilling appears to favor this technology over conventional vertical drilling. pg 12-13
Economic Advantages of Directional Drilling: "...The overwhelming majority of published studies on the subject demonstrate that directional drilling is not only economically feasible but is in fact substantially more profit- able than conventional, vertical drilling due to its superior cost-benefit ratio, even though the costs to drill a directional well may be higher in some cases." pg 12
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| BMP Efficacy: |
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| Date Entered: |
2011-04-25 17:58 UTC |
| Last Updated: |
2011-07-17 13:03 UTC |
