The Future of Fracking: The “Recovery Factor”

The Future of Fracking: The “Recovery Factor” by Keith Schaefer, April 5, 2011, Oil and Gas Investments
Most wells only recover 5%-20% of the Original Oil in Place (OOIP). “We don’t believe the sledgehammer approach to fracturing is the way of the future,” says Themig.
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The size of individual fracking operations has increased 10 times in the last decade, as the industry has grown and learned how to more effectively apply the technology.
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“The number of fracks are now far more than we ever thought it was going to be.  In 2001 we thought 5-6 fracks be enough to frack a well. Then the industry moved to 12-15 per well now to over 30.  Some customers want 40-60 fracks – consider how long it would take to do 60 fracks that are 4 hours each.  The future looks like 60-100 stages in a lot of wells, depending on geologic needs.” [Emphasis added]