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Utah Challenges Oil Sands Goliath Alberta

Oil Shale & Tar Sands Deposits in Utah [Map]As the per-barrel price of oil bobs around $50, oil exploration and production technological advances are forging ahead. To wit: Calgary-based U.S. Sands is poised to make Utah a little Alberta. The company is putting the finishing touches on a pioneering $100 million oil sands project in eastern Utah. When in full production this fall, the project will generate an estimated 2,000 barrels of oil per day making it among the first commercial oil sands mines in the United States.

The U.S. Sand project is located in the Uinta basin, a geological formation in northeastern and central southeastern Utah formed during the Early Tertiary period some 65 million years ago. The formation is thought to have 20 to 32 billion barrels of recoverable oil and has more than 50 identified deposits.

Read more at ArescoTX.com: Utah Challenges Oil Sands Goliath Alberta

Refracking Service Could Create ‘Boom of a Boom’ in Shale Recovery

RefrackingThe results of Halliburton’s ACTIVATE refracturing service pilot projects has company officials bullish on refracking’s potential for North American unconventional oil and natural gas wells.

Since the U.S. shale revolution began, oil and gas operators have sought to enhance recovery from these wells and address the early steep declines seen in unconventional wells. Despite an increased number of stages, more proppant, longer fracs, closer well spacing and other strategies, operators have only been recovering between four and eight percent of unconventional resources in North American plays.

Halliburton’s monitoring of new wells with fiber optics and microseismic technology also found that new well completions had less than 60 percent cluster efficiency and fracs of unequal length and width, meaning not all oil and gas reserves are being recovered.

Read more at RigZone.com: Refracking Service Could Create ‘Boom of a Boom’ in Shale Recovery

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