ExxonMobil turned an oil refinery byproduct into a drilling breakthrough… then some wells produced 20% more oil - my take
ExxonMobil has developed a new drilling technique that could significantly increase the amount of oil recovered from America's shale formations. By transforming petroleum coke, a byproduct of oil refining, into lightweight grains used during hydraulic fracturing, the company aims to keep more underground fractures open and release additional trapped oil.
According to the video, the technology has been used in more than 100 wells in the Permian Basin, with some tests showing recovery improvements of up to 20%.
The video also explores America's record oil production, longer horizontal wells and how the Trump administration is seeking to expand U.S. energy exports and influence in global markets.
https://www.msn.com/en-us/money/general/exxonmobil-turned-an-oil-refinery-byproduct-into-a-drilling-breakthrough-then-some-wells-produced-20-more-oil-my-take