Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Halliburton Cut Fracking Water Costs by $400,000 a Bakken Well

March 5 (Bloomberg) -- Halliburton Co., the world’s largest provider of hydraulic-fracturing services, boosted savings from the use of recycled water in the drilling technique to as much as $400,000 a well last year.

Halliburton changed the chemistry of the water, chemical and sand combination blasted underground to free trapped hydrocarbons, increasing savings from about $6,000 a well in 2011 to as much as $400,000 in 2012 for some wells in North Dakota’s Bakken field, said Walter Dale, head of water management for the Houston-based company.

“It is a paradigm shift for the industry,” Dale said today in an interview at IHS CERAWeek in Houston.

Bakken wells cost an average $10 million to drill and complete in the fourth quarter, Hess Corp., which holds 800,000 acres in the region, said in a slide presentation March 4. As local and federal regulators raise questions about water consumption from drilling operations, U.S. oil and natural gas producers are asking service companies to improve their handling of the millions of gallons of fluids involved in fracking an average well.

Halliburton’s goal is for the entire oil and gas industry to use an average of 25 percent less fresh water in fracking jobs by the end of next year, Dale said.

To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.