At SPE’s Hydraulic Fracturing Conference, Energy Secretary Chris Wright challenges the industry to significantly boost oil and gas recovery.

US Energy Secretary urges industry to double oil and gas output

/0 Comments/in /by

US Energy Secretary Chris Wright is challenging the industry to significantly boost oil and gas recovery.

“Those awesome shale reservoirs with high permeability and high deliverability, we’re still only getting about 10% of the oil out,” the founder and former head of Liberty Energy said during SPE’s Hydraulic Fracturing Technology Conference in The Woodlands, Texas, on 3 February. “Let’s figure out how to double that recovery.”

It is, he acknowledged, a hard problem, but a worthy one that, if solved, could help lift billions of people out of energy poverty to live longer and healthier lives.

Click here to read the full article
Source: JPT

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

You might also like
Despite the Biden administration's ambitious climate goals, the oil & gas industry in the US has seen unprecedented growth and profitability.US oil and gas companies profits skyrocket as the US becomes the energy supplier of choice
Year-to-date through July 2023, TX accounts for 43.3% of all oil production and 27.4% of all natural gas marketed production in the country.Report: Texas oil and natural gas industry breaks decades-old production records
The oil and gas industry has experienced a number of booms and busts over the past few decades, but for now, it appears to be flush with cash.Oil and gas companies are swimming in so much cash that they’re cutting back on borrowing at a faster pace
Crude oil prices surged over the summer as OPEC curtailed production, followed by the outbreak in early October of the Israel-Hamas warOil’s rising price poised to boost energy sector
US DOI announced that it generated over $39 million in total receipts from oil and gas lease sales held in the first quarter of 2025.USA DOI generates $39MM from 1Q 2025 oil, gas lease sales
Texas energy expected to be key in meeting global demand
Major companies' recent mergers and acquisitions of independent oil firms have positively reshaped the energy industry in the Permian Basin.Big oil mergers promise greater stability
The US and its core allies see rising oil and gas prices as serious economic and political threats to them.Why OPEC+ will do whatever it can to send oil prices higher
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *