Oklahoma shale production could increase

15 Aug 2017   Shale Oil

After mixed results for the second quarter, U.S. shale player BNK Petroleum said it was anticipating more production from its assets in Oklahoma. BNK Petroleum Inc., which has headquarters in California, said Monday it completed the hydraulic fracturing process at a well in the SCOOP shale basin in Oklahoma and expects stable flows by next month. “We anticipate that this will lead to a highly productive well,” President and CEO Wolf Regener said in a statement . Oklahoma is home to about 4 percent of the total petroleum reserves in the country and accounts for as much as 5 percent of the total crude oil production in the United States. BNK reported net average production for the second quarter was 16 […]

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