Advancements in Well Technologies

While the general principles of drilling and casing to protect the water table have remained the same, there have been significant advancements in the technology used for drilling and fracking in the past decade.

https://youtu.be/fBQCQ6HL2Yw

https://youtu.be/2upE6beTMkg

https://youtu.be/Z-vCBV1AhBs

To give you an example, at one of our properties, they drilled a 2-mile HZ well in 2012. However, in 2019, with better drilling technology and some significant changes in fracking, they drilled four more 2-mile-long HZ wells in the same formation. These new wells produced more oil and gas per well in just 17 months than the first well did in 93 months. Even after four years of operation, the lowest producing new well was still producing 25 times more oil per month than the first well.

In Blackstone Minerals' investor presentation, on page 4, "The Economic Benefit of Minerals", highlights the “direct benefit from technology advances to enhance recovery and well economics”.
https://investor.blackstoneminerals.com/static-files/3042dda0-aaf4-4508-a517-3adb18fbb218

This progress is something we strive to see happen at all our properties, which is why having a knowledgeable and skilled operator is vital.

If you would like to learn how to benefit from a billion-dollar oil company investing in your property, feel free to give me a call.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.