The “Octopus” – eco-friendlyalternative to fracking

By Nikki Odegaard, March 28, 2013

Anyone know the companies Brian Hicks is touting for Oil and Gas Trader that are using this technology – multi-well pad drilling. Sounds like a good way to go – any comments?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

22 Comments on " The “Octopus” – eco-friendlyalternative to fracking"

Notify of
avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

jsfpswcc
Member
2
I’m not sure what company Brian Hicks is pushing, but the “Octopus” method has been around for years at least for offshore production. 35 years ago I worked my way through college working as a roughneck in the Gulf of Mexico. We drilled over 30 production wells from one platform using directional drilling. It saved Pennzoil huge bucks. I never saw it done from a land based pad back then (Texas and Oklahoma) and wondered why it wasn’t done. Building a land based pad uses about 2 or 3 acres of land. Tearing down a rig takes a good two… Read more »
Add a Topic
80
Add a Topic
1682
Add a Topic
282
stp479
Member
0

Hi John,
Thanks for very informative post-I much enjoyed being brought back to my stint in ’82 working for Tom Brown drilling out of Midland , TX. in the patches of N.M. Anyways, sounds like a well-known method being ginned up here for potential subscribers again.

jimarb
Member
18

I have ask travis – who will do the rig modification to get them crawling to the next drill site ?? that might be where the money is ??? and who now has rigs that can crawl ??

Travis Johnson, Stock Gumshoe
Admin
9963

That I don’t know — the drilling rig companies are generally hurting these days because natural gas drilling is off so much, but I don’t know if there’s any competitive edge among them as regards multi-well pads or movement of rigs.

Add a Topic
338
walt
Guest
0

My guess is Surge Energy around 3 dollars and they are doing multi well drilling

Dave
Guest
0

Surge’s share price has dropped about 2/3 in the last year.

James Mitchell
Guest
0

Kodiak oil &Gas company has a rig that can craw.

Add a Topic
359
Mark Trevithick
Guest
0

Rig skidding and walking systems are available and are commonly supplied with state of the art rigs in the US. The better of these systems are designed to allow the rig (mast, substructure) to walk from well to well with full pipe setback and all equipment installed. Typical times for walking 25′ can be as little as an hour or two. My company designs and sells such equipment as do a number of other manufacturers – I’m clearly biased as to whose equipment is best but the technology is well in place.

sleuther
Member
1

Mark,
From someone in the industry, your comments would be appreciated. Is your company traded on the exchanges. And would you provide the names and or symbols of all the companies that are the leaders in this field. It would be appreciated.
Best Regards,
Roger

Scott says:
Guest
0

Roger,

Click on Marks name-it has an html url attached to it.

Scott

ashamrey73
Member
2

Mark what is the name of your company, I’m t
rying to find out the name of the company in Oklahoma that is using your rigs to drill
an d saying that they can produce oil for $28 per barrel. I would like to invest in this
company but can’t get any info from anybody about them,,,,,,,Regards …Allan

Add a Topic
359
mark trevithick
Guest
0

My company is T&T Engineering Services Inc.
Our Maverick® mast and substructures with our Lift & SlideTM rig walking system are used by Patterson UTI and by Pioneer Drilling. Both are drilling contractors and would not be expected to claim a price per barrel production cost – they are not operators.
I am not sure who you are looking for.
Regards,
Mark

mph011
Member
0

I have not seen an answer from the Thinkolator regarding ‘Octopus Technology’ by Brian Hicks

Add a Topic
80
Dave Hughes
Guest
0

so with the octopus do they still frack the well or not . If not how do they get the oil out of the rock

Add a Topic
359
slick
Member
0

Here’s some info that will lead you to more information.
http://www.oxfordvisionaries.org/octopus-the-future-of-gas-drilling/
Cheers from AUS .

Betty Crowley
Guest
0

Can the octopus technology be used in shallow wells…1500-2000 ft? Or is it economically not an advantage?

Morco
Guest
0
To answer a couple of your questions: Fracking wells has been used for decades to consolidate smaller deposits into larger reservoirs where well heads have been drilled – this processes is essentially fracturing the formation and creating openings (cracks) for the oil to pool into the reservoir. Directional drilling will still be used to direct a well into the reservoir but with this method the well heads will be densely positioned at the surface (metres apart). Whether or not fracking will be used is a matter of economics, fracking is not cheap and nor is drilling a well. Drilling a… Read more »
Add a Topic
2771
Add a Topic
359
Add a Topic
2771
Oilfield Hobo
Guest
0

$1m per day!!!! Where are you drilling and are you or your company hiring? I have been in the drilling side of the industry for over 30 yrs. There are no simple one answer questions the costs and difficulty in drilling multi-lateral wells varies by location and depth. Generally in North America operating costs range from $30k a day to $200k if you are using some of the more elaborate technologies and going deep etc.

Oilfield Hobo

High Country Mark
Guest
0
Does anybody out there give a tinker’s damn about the fresh water on this small planet? We can survive without oil, albeit difficult, but we can’t survive without an adequate supply of fresh, potable water. And, once we destroy these destroy these precious aquifers, we are toast. Keith Kohl says they’ll be drilling 33,000 new wells in the Bakken over the next 20 years. At approx. one million gallons of water per well for fracking, that’s 33 BILLION GALLONS OF FRESH WATER (and that’s just in the Bakken). Yet, no one seems overly concerned about this, except perhaps those folks… Read more »
Add a Topic
540
Add a Topic
359
Add a Topic
540
Gorgeous greggo
Guest
0

We don’t have any water problems in “Dakota” “high country Mark”we take extensive precautions to protect our resources’ so loosen up your belt buckle and smoke another one of those medical miracles!

Add a Topic
540
High Country Mark
Guest
0

I’m assuming Gorgeous greggo lives on land that is being fracked, and is getting his drinking water from a well within a half mile of the nearest drill site. Also, I’d be interested to know what the extensive precautions are, that are being taken to protect our precious water resources from any damage due to fracking.

Add a Topic
282
Add a Topic
540
Add a Topic
540
lakejg
Member
0
I live on land that has been fracked. Our house water well is within 1/4 mile of the O&G well site. We have had absolutely “NO” problems. Devon is the Operator and HP drilled the well. The bottom of our water sand formation is at 40 feet with 37 feet of water sand and the horizontal is at approx. 11,000 feet. What is this imaginary problem you’re screaming about Chicken Little ???? Oh, I almost forgot, I tested our water (in OKC at the State Water Resources Board) both before and after “Fracking” and the results were the same our… Read more »
Add a Topic
282
Add a Topic
540
Add a Topic
540
wpDiscuz