written by reader 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?

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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 days and another 2 to 3 days to reset depending on how far the rig has to be moved. In some areas we would only move a mile or two from the previous location. We could have skidded the rig more or less erect to a different part of the pad and directional drilled to tap something a mile away. Pads are not expensive in the overall scope of things, but having a rig down for a week is expensive. These land based wells were not for fracking though.

These “new” fields that are being fracked are a different animal. Fracked wells do not produce for a long period of time and have to be redrilled and fracked on a fairly regular basis.

“Eco-friendly” is a misnomer. The eco-friendly part is that less land has to be consumed for pad building. And normaly after a well is drilled and put into production, the land is returned to its original state. In the LA area you can find parking lots around well heads and in TX, OK, CO and others you will find cattle grazing or crops growing within a few feet of a well head. Fracking is by no means eco-friendly though as each well fracked requires a huge amount of fresh water.

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stp479
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stp479
April 28, 2013 10:48 am
Reply to  jsfpswcc

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
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 ??

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Travis Johnson, Stock Gumshoe
April 4, 2013 11:46 am
Reply to  jimarb

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.

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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
Reply to  walt

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
Reply to  jimarb

Kodiak oil &Gas company has