The Enid News and Eagle, Enid, OK

National and world

August 9, 2013

Oil and gas industry heavy hitters politely ‘duke it out’



“Last year was the first year that we had more horizontal completions than vertical,” she said. “Our rules and regulations were written for only vertical wells.”

Murphy said it is critical to make sure rules and legislation relate to the real world of drilling so Oklahoma can be competitive with other states, such as North Dakota, which already have such legislation.

Panel members agreed that there is much-needed cooperative discussion also on the idea of sharing water resources to cut down on consumption. For instance, when a large company has a water storage pit, if companies came together cooperatively, it might allow for all producers to benefit from the economy of scale while at the same time reducing water consumption.

Smith favors the idea of a water cooperative run by someone else but paid for by each producer based on use. While there used to be an emphasis on treating and purifying water to reuse it in fracking and other applications, there is a new emphasis on the reuse of water that saves money and also opens doors for a wider supply of water by using it “as is,” he said.

“There has also been some testing of hydraulic franking with other mediums, such as gas,” he said.

Van Horn writes for the Woodward News.

Text Only
National and world
Featured Ads