SSN 0.00% 1.5¢ samson oil & gas limited

What the services companies said about Refracing...

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    What the services companies said about Refracing
    http://seekingalpha.com/article/310...re-the-overused-terms-of-this-earnings-season

    Open the link to read what the SLB/HAL/PTEN said

    "Schlumberger spoke with enthusiasm regarding future potential of refracking, but did not provide any data with regard to the current scale of this new initiative. Moreover, Schlumberger's comment that it is prepared to share financial risk with the customer may suggest that the application is still in the pilot stage and needs an extra push."

    "Like Schlumberger, Halliburton expressed optimism for the refrac market potential as the U.S. shales mature. However, again similar to Schlumberger, Halliburton's comment fell short of providing evidence that the current refracking activity level is material to the overall U.S. shale production:"

    "feedback from E&P operators has also been mixed, with no clear evidence that refracking activity has gained a significant scale in the industry."

    Lots of potential is the message - also its going to take a lot more time (again its been done now for many years) and may not work all the time (so no free lunch and nothing easy).

    This article talks about EXCO in the Haynesville shale and Marathon in the Bakken
    http://www.ernstversusencana.ca/ref...-drops-69-percent-first-year-encanas-drops-27
 
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