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Natural Gas Rigs: Headed Towards A Shortage - Part I
"With over 1,000 rigs drilling for natural gas back in 2004, it doesn't seem feasible that the market could keep production flat at half that rate of rigs."
It would seem that your earlier statement (below) supports that it's not only feasible, but perhaps it could be done with less than half the rigs. Aren't the wells depleted faster because they are producing natural gas at such a higher rate?
"The interesting part about the shift to horizontal drilling is the quick depletion in the production rates that occurs with horizontal drilling. These wells are depleted much faster than historical vertical wells."
Oct 17 02:03 AM
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