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Science/Tech
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Title: INNOVATION IN OIL FRACKING
Source: Stock Gumshoe
URL Source: http://www.stockgumshoe.com/reviews ... billion-bet-can-make-you-rich/
Published: Jan 26, 2014
Author: Travis Johnson
Post Date: 2014-01-26 07:18:30 by Tatarewicz
Keywords: None
Views: 24

Bob says:

Reading this article from the newsroom on the http://ussensorsystems.com site - Frack Music Attracts Halliburton to Submarine Spy Tool – I come across this line: “One of the biggest challenges for acoustic fiber in the oilfield is making the business case to use it onshore, Robart said. Installing the technology can cost as much as several hundred thousand dollars a well, meaning it doesn’t pay off as easily on a $6 million land well as it would on a $50 million offshore well, he said.” US Land is the mother lode for fracking services. If this service is generally too costly for land ops then the market for it would seem to be much more limited than all the fracking hype would suggest.

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