Efficiency during 2020’s downturn: Strategies for reducing the delivery cost to place a pound of proppant downhole
July 14, 2020 at 04:51 pm EDT
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Efficiency during 2020's downturn: Strategies for reducing the delivery cost to place a pound of proppant downhole
July 14, 2020|News Stories
From the July 2020 edition of NAPE Magazine:
THE SHALE INDUSTRY CHANGED BEYOND RECOGNITION OVER THE LAST DECADE, and it is once again in rapid transition. While we are unsure about the nature of innovations to make U.S. shale ever more competitive, we are certain that the current downturn will drive a further reduction in $/BO - the total cost to lift a barrel of U.S. shale oil to the surface. The last decade saw a tenfold rise in horsepower, a twentyfold surge in yearly stages pumped and a fortyfold yearly proppant mass increase. U.S. oil and gas employees grew their per capita production twofold, and U.S. pumping services employees increased their proppant throughput by a factor of 8 over the last eight years.
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Liberty Oilfield Services Inc. published this content on 14 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2020 20:50:04 UTC
Liberty Energy Inc. is an integrated energy services and technology company. The Company is focused on providing hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America. It offers customers hydraulic fracturing services, together with complementary services, including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas delivery, data analytics, related goods (including its sand mine operations), and technologies. It primarily provides its services in the Permian Basin, the Williston Basin, the Eagle Ford Shale, the Haynesville Shale, the Appalachian Basin (Marcellus Shale and Utica Shale), the Western Canadian Sedimentary Basin, the Denver-Julesburg Basin, and the Anadarko Basin. The process of hydraulic fracturing involves pumping a pressurized stream of fracturing fluid (typically a mixture of water, chemicals and proppant) into a well casing or tubing.
LIBERTY ENERGY INC. 
