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Stock impact report

How Fracking Creates Value: Three Insights From Three Frac Legends – Daneshy, Montgomery, And Smith. [Forbes]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Forbes
Massive frac-pumping equipment in a modern Marcellus shale project.Universal Pumping Services.On September 7, 2022, NSI Technologies arranged apublic Vimeo sessionThe topic was how do you create value by using hydraulic fracturing, often referred to as fracking.To me, one answer is that fracking historically increased oil and gas production from vertical wells by 3-4 times. Fracking was discovered by Amoco in 1947. A rumor exists that the manager decided that further study was unwarranted, but the engineers came back at nights and did secret underground experiments that verified the concept.At the other bookend is shale fracking where a horizontal well 2 miles long is fracked typically 40 separate times along its length. Shale is close to impermeable so shale wells are not even close to commercial unless they are heavily fracked. But the biggest shale gas well in the Marcellus made about 70 Mcfd after fracking. Two monster shale oil wells in the Permian wereannounced by Devon in 2018T Show less Read more
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