Colorado has been using innovative oil and gas production technologies for 40 years.
"Hydraulic fracturing and the people of the oil and gas industry have long played a safe and productive role in the region," writes David Biederman, the author of the Forbes piece.
(PRWEB) April 08, 2014
In an era of an uncertain economic landscape, where companies in virtually every industry face challenges on a daily basis, many are looking for leadership to set a standard for efficiency, productivity and smart spending. In the oil and gas market, Colorado's experience as a successful producer is setting a strong example for the rest of the country.
Colorado voters will soon decide on how technology will be used to increase oil and gas production in the state's future. This has resulted in increased attention from national groups, particularly environmental activists. But, as an article in Forbes points out, Coloradans aren't voting to make drastic changes, but rather to continue to do what they have been doing for the past 40 years.
Among the evidence in Colorado's favor is a 40-year-old research paper that showcases not only that the environmental concerns are unfounded, but that implementing new technologies and practices can offer numerous economic benefits. The four decades of research and development in the area have culminated in an environment that is very supportive of innovative drilling fluids, fracturing chemicals and other technologies designed to improve oil and gas production.
"Hydraulic fracturing and the people of the oil and gas industry have long played a safe and productive role in the region," writes David Biederman, the author of the Forbes piece. "In 2008, just one year prior to the current boom, Weld County, northeast of Denver was already the largest gas producing county in all of Colorado. That year the Energy Information Administration (EIA) ranked Colorado's Wattenberg as having the ninth largest proven reserves of any Wet Natural Gas Field in the Nation."
Biederman went on to detail the recent history of the Denver Basin and the success producers experienced in those areas with hydraulic fracturing. It has been over 40 years since the field was discovered, and through innovative practices, professionals have been able to effectively extract a substantial amount of oil and natural gas.
"The greater DJ Basin had over 20,000 wells, 11,000 of which were within the Wattenberg, and many of which had been hydraulically fractured not just once, but multiple times throughout the years," he continued. "In 2008 the region produced 190 billion cubic feet of natural gas, and 2.8 trillion cubic feet of gas since the field's discovery in 1970."
Colorado's support for using innovative technologies to increase energy production is one that should resonate with the rest of the United States. The goal of achieving greater energy security in the United States is one that many organizations are behind, and finding ways to incorporate new solutions into daily operations can play a major role in helping achieve goals on the oilfield, just as they can in the office, medical facility or any other area where efficiency is important.
Chem Rock Technologies is proud to be doing its part by developing innovative drilling and fracturing solutions that allow well operators to produce oil and gas more efficiently, while ensuring the safety of local communities and the environment.