Increase in 'child wells' threatens Permian fracking prospect

By William Clarke
Published: Monday, 22 October 2018

Crowded basins are driving a trend to drilling near existing wells, Schlumberger boss warns, and the result could be lower sand intensity.

Oil production in West Texas is threatened by fracking nearby to existing wells, the boss of oilfield services provider Schlubmerger has warned. This same trend has already been identified as threatening sand demand in the region.

Speaking to investors on Friday October 19, Schlumberger chief executive Paal Kibsgaard challenged the "well-established market...

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