Horizontal Drilling

There is a revolution coming to the Illinois Basin.   Its called horizontal drilling.  It will completely revitalize the industry and result in rising oil production and big economic gains for the area.  Intrepid Petroleum is keeping a close eye on this development and is currently reviewing its options.

horizontal drilling graphic 1The advantages of horizontal drilling are; (1) the cost to develop oil reserves is about half that of conventional vertical wells, (2) the footprint on the surface is less in that one pad can be used for multiple wells and (3) each well can drain more acreage.

 

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