“550% Windfall from the Bakken ´Octupus´Technology” from Oil and Gas Trader
by emanon7 | April 9, 2013 12:39 pm
Hello Travis any thing on this new teaser from Energy and Capital[1]: The Octopus, Eco friendly technology 8 times more powerful than fracking[2].
Link:
http://www.angelnexus.com/o/web/44770[3]
Best regards
Emmanuel
Endnotes:
- Energy and Capital: https://www.stockgumshoe.com/tag/energy-and-capital/
- fracking: https://www.stockgumshoe.com/tag/fracking/
- http://www.angelnexus.com/o/web/44770: http://www.angelnexus.com/o/web/44770
Source URL: https://www.stockgumshoe.com/2013/04/microblog-550-windfall-from-the-bakken-%c2%b4octupus%c2%b4technology-from-oil-and-gas-trader/
What is that “Octopus stock” Bakken windfall?
Thanks,
RG
Hey guys, check my link at http://www.stockgumshoe.com/2014/06/microblog-890-windfall-from-the-octopus-technology/#comment-1774852. It´s really not that mysterious…
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Anybody figure this one out? Just received the tout from Keith Kohl which looks interesting but it costs $999 to find out!
Octupus is the name for a special type of underground drilling in which many holes can be dug at the same location and as many as 18 directional holes below ground parallel to the surface can be created from only one above land site. it lowers the cost as much as 75% savings. many underground wells from only one above ground site is excellent for the green people because it does not disrupt as much above ground area. Fracking is now an obsolete procedure because water is not needed to pushout the oil so great cost in not needing on site water. All this is a gigantic saving for the company extracting the oil, but it only has to be done once for the life of the well. further, the rig equipment can be moved along from one site to the other instead of setting up an entirely new drill site. It only take a few hours to move the equipment. This will be used all over the world anywhere they do Shale drilling. Another saving but only once per well. I would blow my brains out before i would give someone 999usd for this kind of information. Call it blackmail if you ask me. Just wait a while and keep your eyes peeled and you will read somewhere about a company that does this procedure and you saved 999usd. These insighters would have you believe graphene will take over manufacturing along with 3D and other hi tech tricks. Fact is it will be quite a while for most of it. Octopus will be the first into action because it is already underway.
Hey guys, check my link at http://www.stockgumshoe.com/2014/06/microblog-890-windfall-from-the-octopus-technology/#comment-1774852. It´s really not that mysterious…
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Please notify followup
Need to know, pls.
I would like info as well.
Are these the same group that put the US over the hump with no recovery available
Seen on the DownHoleTrader back in April…
If you aren’t familiar, Multi-Well Pad Drilling is the concept of drilling in different directions, with wells side by side. This way, many wells can be drilled from one site. It’s been around for a decade or so, but is now really starting to get momentum. Recently, Encana drilled 51 wells at one site, which was a company record. The site was 4.6 acres which covered an underground territory of over 640 acres. Due to drilling multiple wells from one site, less time and money were spent on road construction, tearing down and reassembling the rig, and set up of other equipment. More gas was produced from this site than any previous wells they own.
Besides the obvious reduction to environmental impact, the folks in Pennsylvania are touting the advantages of multi-well pad drilling. The results are in: lower risks of contamination to water supplies. When wells are spread all over, the risk is also spread all over. Now with multi-well pads, there is less risk of contamination. Devon Energy records show that they drilled 36 wells at one site in the Marcellus.
Same from the Motley a few days back…
“Octopus” drilling really isn’t a game-changing new technology, though there are several highly excitable investment websites out there which are claiming which it is.
It’s basically directional drilling, aka “multi-well pad drilling” which dates back to the 1930s.
Improvements in directional drilling over the years have greatly increased recovery rates.
Two quoted companies which are being mentioned online in connection with Octopus are Devon Energy (American) and Encana (Canadian).
Devon and Encana are very large companies (respective market caps of $23 billion and $12 billion according to Google Finance) so at least the hype has little or no chance of pushing up their share prices.
e.g.
http://www.energyandcapital.com/articles/multi-well-pad/2892…
Octupus drilling is the real deal. The 550% windfall is hype.
I just looked at the HP company site, and they appear to be offering the rigs that do this drilling. I don’t know if they are the dominant provider, what percentage of their rigs are multi-well, or what the competition or profit margins are, but their stock has been on a tear. I have always thought of them as a leader in drilling technology, but I am not in the industry, so consider this only a partially informed opinion. No position in HP, but I will probably go long if a pullback occurs.
you don’t say what company HP is