FieldPoint Partners plan to drill two or three horizontal wells into the Bone Spring formation in Lea County, New Mexico. The Bone Spring is about 10,000 feet below surface at that location. More at RigZone.
Horizontal Drilling
Bone Spring Formation Horizontal Wells
First Shale Gas, Now Shale Oil
Some companies such as such as EOG Resources are using horizontal drilling to and hydrofracing to tap oil in organic shales. More at BusinessInsider.com.
LNG and Horizontal Fracking are Monumental Energy Shifts
In an article on the Journal of American Enterprise Institute website, Max Schultz, a senior fellow at the Manhattan Institute argues that new methods for producing natural gas (horizontal fracking) and new methods to distribute the gas (LNG) are going to transform the use of energy worldwide.
Shale Gas and Russia
Just a few years ago Russia invested heavily in the Shtokman gas field in the Barents Sea with the intent of exporting that gas as LNG to the United States. Now the US has several giant shale gas fields and the Russians have all of that Shtokman gas plus opportunities to develop their own shales. More at the United Press International website.
