The “Octopus” – eco-friendlyalternative to fracking

By Nikki Odegaard, March 28, 2013

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.

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?

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

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jsfpswcc
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jsfpswcc
April 3, 2013 11:55 am
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 »
stp479
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stp479
April 28, 2013 10:48 am

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
jimarb
April 4, 2013 11:07 am

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
4425
April 4, 2013 11:46 am

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.

walt
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walt
April 9, 2013 10:37 pm

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

Dave
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Dave
April 10, 2013 1:07 pm

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

James Mitchell
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James Mitchell
May 25, 2013 10:11 am

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

Mark Trevithick
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April 14, 2013 11:47 pm

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
sleuther
May 2, 2013 10:28 pm

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:
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Scott says:
May 2, 2013 11:00 pm

Roger,

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

Scott

ashamrey73
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ashamrey73
July 25, 2014 1:18 pm

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

mark trevithick
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0
July 27, 2014 3:10 pm

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
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mph011
April 26, 2013 6:11 pm

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

Dave Hughes
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Dave Hughes
May 4, 2013 4:37 pm

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

slick
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slick
May 14, 2013 3:12 am

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
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May 7, 2013 3:03 pm

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

Morco
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Morco
June 18, 2013 7:31 pm
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 »
Oilfield Hobo
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Oilfield Hobo
September 18, 2013 2:36 pm

$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
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0
October 10, 2013 10:43 am
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 »
Gorgeous greggo
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October 26, 2013 10:51 am

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!

High Country Mark
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0
October 26, 2013 4:23 pm

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.

lakejg
Member
0
lakejg
December 5, 2013 3:21 pm
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 »
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