🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Novel Solution To Fracking Wastewater Could Keep Everyone Happy

Published 07/16/2015, 02:10 AM
Updated 05/14/2017, 06:45 AM

Water used for fracking has always been a headache for the oil industry but now, thanks to new technology being developed in the United States, produced water - H2O used in the process of oil and gas extraction - could soon be recovered and used to power the operation or be put back into the grid, saving operators a bundle.

Critics of fracking have long pointed to the prodigious use of water in the fracking process as one of the reasons to be against the controversial procedure, which props open layers of shale rock in order to let the oil or gas hydrocarbons flow into the well bore.

When a well is fracked, water is pumped down the well at high pressure to fracture the formations where oil and gas are found. The water that returns to the surface contains chemicals that were used in the fracking process, and other materials, that must be cleaned up and disposed of properly.

It is estimated that drillers in the United States process 25 billion gallons of water annually, with a typical frack well taking 5 million gallons. Experts say that amount of water-flow is enough to generate as much electricity as three coal-fired power plants running around the clock.

Fortunately, research is already underway to help determine whether processed water can be put to good use rather than wasted.

A $3.5 million pilot project starting this month, led by Continental Resources and the University of North Dakota, will look at the feasibility of applying geothermal technology to the thousands of frack wells that have been drilled recently in the U.S.

The researchers will hook up two geothermal generators to pipes carrying hot wastewater from up to a mile and a half underground. The steaming water will then be pumped through generators housed in 40-foot containers to produce electricity.

Will Gosnold, professor of geophysics at University of North Dakota, says the water they are using comes out of the ground at 102 degrees Celsius - not super-hot by geothermal standards - and is cooled to 98 degrees.

There's an incredible energy development we've been keeping track of for you over the past year... It's the reason Saudi Arabia is acting in desperation... depressing oil prices... and even risking internal unrest. Their (and OPEC’s) very survival is being threatened.

“This is what we would call a low-temperature geothermal demonstration project,” Gosnold said in a recent interview on BNN. “The idea is to see if this actually can be done and done economically.” He said the economics look promising considering that the researchers are tapping into an existing water supply and simply converting the heat to power.

The process would generate about 0.25MW of electricity – enough to power 300 homes. Gosnold notes the equipment would only cost around $350,000, allowing the researchers to create power at around $3,000 a kilowatt. “That's a good price,” he told BNN's Andrew Bell.

The technology would appear to be a no-brainer for the fracking industry, which spends heavily on electricity generation at frack sites. North Dakota, for example, is estimated to need 3.2GW of additional power over the next 30 years solely for the purpose of oil drilling. In the absence of alternatives, operators will have no choice but to continue using propane or diesel to power large portable power units installed at the sites, which are usually remote and lack access to the electricity grid.

Read more here, here and here

If the geothermal experiment is successful, it means that another supply of portable power could be taken from site to site. If a number of wells were joined together in a circuit and their wastewater used for geothermal power, several megawatts could be generated, says Gosnold.

That would be clean power without having to resort to fossil fuels, which makes the technology all the more appealing to oil companies whose operations, particularly fracking, are under increasing environmental scrutiny.

Thus far, such companies have only shown interest in using wastewater to “waterflood” a well in order to coax more oil from it – but if Gosnold's experiment proves successful, more may be lining up. This is especially true in today's low oil price environment, where operators are looking for every opportunity to cut costs and add revenue. According to estimates from the U.S. Energy Department, a 250-kilowatt generator could contribute an additional $100,000 a year per well.

Disclosure: original post published at OilPrice

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.