HYIP-Man: Horizontally drilled wells dominate U.S. tight formation production
Thursday, June 06, 2019
Horizontally drilled wells dominate U.S. tight formation production
Horizontally drilled wells dominate U.S. tight formation production
Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States. In 2004, horizontal wells accounted for about 15% of U.S. crude oil production in tight oil formations. By the end of 2018, that percentage had increased to 96%. Similarly, horizontal wells made up about 14% of U.S. natural gas production in shale formations in 2004 and increased to 97% in 2018.

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