Home › Hoping for a Price Surge, Oil Companies Keep Wells in Reserve
 

Keywords :   


Hoping for a Price Surge, Oil Companies Keep Wells in Reserve

2015-12-25 22:03:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The price of oil keeps dropping. But that didnt stop a work crew from drilling a well recently on what was once a cornfield, carefully guiding the last sections of 13,000 feet of pipe spiraling into the hard Niobrara shale with a diamond-tipped bit. Their well, one of hundreds drilled by Anadarko Petroleum in eastern Colorados Wattenberg field this year, could someday gush as many as 800 barrels of crude oil a day. But Anadarko is not planning to produce a drop of crude from the well for at...

Tags: in price companies oil

Category:Electronics and Electrical

Latest from this category

All news
»
15.05Sontara Offers Sri Flo Wipes
15.05Iowa food pantries benefit from Pork in the Pantry donations
15.05NDSU to host animal disease emergency response preparedness
15.05NDSU to host animal disease emergency response preparedness
15.05Meat Institute updates Animal Handling Guidelines and Animal Welfare Audit
15.05Meat Institute updates Animal Handling Guidelines and Animal Welfare Audit
15.05Eastern North Pacific Tropical Weather Outlook
15.05Atlantic Tropical Weather Outlook
More »