Breaking the Limits of Today’s Dismal Tight Oil Recovery Factors
Lux Research will present a complimentary webinaron poor recovery factors plague tight oil production.
The webinar will be Tuesday, Feb. 3, at 11 a.m. Eastern time.
On its website, Lux Research says the advent of tight oil has rescued North America’s oil industry from a slow, painful decline and has transformed it into one of the world’s premier oil producing regions. However, dismal recovery factors still plague tight oil production, with many producers recovering just 5% of the oil in place. As plays mature, producers’ long-term health depends on its ability to squeeze far more oil from each well.
This webinar will cover:
• How will incremental improvements in recovery effect overall production?
• What are the challenges limiting recovery today?
• Who are the technology developers attempting to meet these challenges?