The rise of hydraulic fracture stimulation from Montana to Texas has changed the way exploration and producing companies operate. Onshore shale oil production in the U.S. is totally unlike drilling in any other part of the global market.
Most conventional wells produce over extremely long periods of time. Unlike conventional projects, horizontal shale wells that are fracture stimulated deliver production much faster. But production also declines much faster.
To keep shale oil production from declining quickly or to grow production significantly, producers must constantly drill new wells. Drilling and fracture stimulating shale oil wells is very systematic and becomes repetitive. It resembles a manufacturing process where the manufacturing company continues to produce the same item over and over.
Four Horizontal Rigs in the West Texas Permian Basin «Manufacturing» Oil
Source: Pioneer Natural Resources
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