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In May, in vineyards and dairy ranches in eastern Texas, drillers began drilling again in an oil field that had passed the peak of production for 25 years
.
Houston-based oil producer Wildhorse Resource Development asked the drilling team to breathe new life
into the old oil field using technology developed for hydraulic fracturing shale.
In the limestone and clay Austin chalk that stretches from south Texas to central Louisiana, Wildhorse Resource Development Corporation is one of a growing number of
producers in the United States that are opening new fronts in the American energy revolution.
Drew Cosby, chief financial officer of Wildhorse Resources, said in an interview with media reporters a few days ago: "The application of new technologies in the old vista is a win-win choice
.
”
After shale producers pushed U.
S.
oil and gas production to historic highs, some shale producers began to apply the expertise they learned to fields that were only recently considered obsolete
.
If they succeed, America's energy boom could find another slotted
period as producers find profitable ways to extract billions of barrels of oil from old oil fields.
In May, in vineyards and dairy ranches in eastern Texas, drillers began drilling again in an oil field that had passed the peak of production for 25 years
.
Houston-based oil producer Wildhorse Resource Development asked the drilling team to breathe new life
into the old oil field using technology developed for hydraulic fracturing shale.
In the limestone and clay Austin chalk that stretches from south Texas to central Louisiana, Wildhorse Resource Development Corporation is one of a growing number of
producers in the United States that are opening new fronts in the American energy revolution.
Drew Cosby, chief financial officer of Wildhorse Resources, said in an interview with media reporters a few days ago: "The application of new technologies in the old vista is a win-win choice
.
”
After shale producers pushed U.
S.
oil and gas production to historic highs, some shale producers began to apply the expertise they learned to fields that were only recently considered obsolete
.
If they succeed, America's energy boom could find another slotted
period as producers find profitable ways to extract billions of barrels of oil from old oil fields.