"While some wells contain enough pressure for oil to rise to the surface without stimulation, most don't, requiring artificial lift. In fact, 96% of the oil wells in the US require artificial lift from the very beginning."
http://www.rigzone.com/training/insight.asp?insight_id=315
"Artificial lift is used in nearly all oil wells in the United States. Some conventional wells have adequate pressure initially, but it depletes over time. Unconventionals tend to require artificial lift sooner in their life cycle, so the percentage of wells on artificial lift is trending upward."
http://oilpro.com/post/10561/unconventional-artificial-lift
And at this stage we need artificial lift to remove the heavier frack fluids and not the oil.
"While some wells contain enough pressure for oil to rise to the...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $20.35K | 7.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 135 | 201474331 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 597640393 | 190 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |