- Tight Gas & Oil
- Gas Hydrates
Oil production in May rose by 32,000 bbl/d over the previous month to 1.2 MMbbl/d, which rivals the state’s all-time high reached in December 2014.
Long recognized for its willingness to embrace new and innovative approaches to solve the big challenges facing the industry, Statoil is set to use CO2 and proppant in a first of its kind test well in the Bakken Shale.
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.