A hybrid “microhole” coiled tubing rig used on 25 test wells has penetrated a particularly dense Niobrara natural gas chalk formation along the Kansas-Colorado border, delivering 25-35% in cost savings per well and about 1 Tcf of shallow gas that otherwise would have been bypassed by conventional drilling, the Department of Energy (DOE) announced Tuesday.
Chalk
Articles from Chalk
Prices Fade Even as Storm Outages Mount
Chalk up another Gulf storm as more sound than fury with a onlya short-term impact on the cash market. Even as Tropical StormFrances caused heavy flooding along the Texas and Louisiana coastsFriday (preventing a number of Houston traders from getting to theoffice), prices were flat to down a nickel or so at Eastern points.Sources said much of the softness Friday, following on average10-cent increases Thursday, was based on the belief that much ofthe Gulf production losses would be moderating over the weekend.
September 14, 1998
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