Mike Vincent, a well-completion engineer who teaches the technique to industry workers, said he’s been overwhelmed by the sudden interest in the class. He even had to abandon plans he had been making to spend a week fly-fishing in the Rocky Mountains over the summer. “I’m booked every week teaching refrack classes out to November,” said Vincent, who runs a Denver-based firm called Insight Consulting. “It’s amazing how much passion there is.”
Years of working on traditional wells have shown that they can be restimulated multiple times, Vincent said. In the industry’s lingo, a well that has been blasted five times is a “Cinco de Fraco.” Eight times gets you an “Octofrac.” When done right, the procedure not only boosts the flow of crude, but can also increase the estimate of reserves held in the well. Vincent said it’s common to see oil recovery climb 60 percent or more.
“I’ve seen a well get 10 fracs through the same perfs, and it appears that we’re adding reserves every time,” he said.
In Japan, country club memberships famously went for millions of dollars in the late 1980s. Then, too many courses were built in 1990s and 2000s during a real estate boom. Now the nation faces the question of what to do with its abandoned golf courses.
Meanwhile, Japan’s energy strategy in the aftermath of Fukushima calls for roughly doubling the amount of renewable power sources in the country by 2030. It is already building solar power plants that float on water. Perhaps inevitably, then, the nation has turned to building solar plants on old golf courses.
Last week, Kyocera and its partners announced they had started construction on a 23-megawatt solar plant project located on an old golf course in the Kyoto prefecture. Scheduled to go operational in September 2017, it will generate a little over 26,000 megawatt hours per year, or enough electricity to power approximately 8,100 typical local households. The electricity will be sold to a local utility.
AUSTIN, Texas (AP) — Forget Fort Knox or the Federal Reserve. Texas has decided to start keeping its gold holdings within in its own borders. But what makes sense politically in such a sovereignty-loving place is creating a logistical conundrum.
Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts — not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. The holdings, stored at a New York bank, for some harken back to century-old fears about the security of currency not backed by shiny bullion.
