Canuck Investor

'Fracing' Technique Creates Great Opportunity in Exploration of Oil and Gas

The Baken is an oil formation, so, yes it has an effect on oil recovery but most fracs are done on natural gas wells. Gas flows far more easily than oil so a frac has a bigger effect on a gas well.


On May 20 09:24 AM Bruce Vanderveen wrote:

> Thanks for the great article explaining the fracing technology. Suddenly
> we now have lots of gas and the price shows the overabundance of
> supply. I'm wondering, however, how successful is fracing increasing
> oil recovery. At this point we need oil more than gas.
>
> Long term you can see gas more and more replacing oil as an energy
> source (vehicles when?).