Minnesota Farmout - Horizontal Wells
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FAQ
The total amount of horizontal oil and gas wells in the United States has considerably increased between 2008 and 2018, from some 28,400 to approximately 140,000 horizontal wells. The majority of these wells have a production rate ranging between 15 and 100 barrels of oil equivalent per day.
Horizontal wells are used in situations where the reservoir is abnormally shaped, or excavation is impossible. Horizontal drilling is preferred over vertical drilling due to its ability to access subsurface reservoirs that are not accessible from directly above.
Because they are longer, and the drilling process is more complex, a horizontal well is generally more expensive to drill than a vertical well, but it is expected to produce more crude oil and natural gas.
Generally, however, little practical application occurred until the early 1980s, when the advent of improved downhole drilling motors and the invention of downhole telemetry equipment, made the technology commercially viable.
The total amount of horizontal oil and gas wells in the United States has considerably increased between 2008 and 2018, from some 28,400 to approximately 140,000 horizontal wells.
A horizontal well is a type of directional drilling technique where an oil or gas well is dug at an angle of at least eighty degrees to a vertical wellbore.
