RE: Shakes head in disbelief17 Apr 2021 10:32
08:49
I think that it was probably Paul Basinski who talked about the HRZ flowing like conventional or gas.
"If you go out and ping the internet and look for the oil production of volatile oil - you won’t see any numbers. Because it’s only recently understood even what it was. It’s always gone with either black oil or wet gas. But the point is that it has extraordinarily different properties. So in the sub-surface it’s in what they call super-critical phase.
And what we’ve learned at the EagleFord is when you produce it - it flows like a gas. When it gets to the surface, most of the gas is very, very rich oil. But - as it leaves the pores, and the pressure goes down and then gas forms in the pores - the gas in the pores creates another energy system in order to increase the recovery factor. That’s the reason why you get recovery factors because you basically have another artificial assist. And that’s the reason why EOG and ConocoPhillips have such extraordinary wells.
So this is an unusual phase and it provides it’s own energy in order to be able to get recovery factors that are like 15%, 20%, 25%. So this is extraordinarily important."
http://88ewiki.wikidot.com/presentations:09092016-london-transcript