Russia Adopts Texas Drilling to Revive Soviet Oil Fields

Oil Worker file photo

(Bloomberg – – Stephen Bierman – March 18, 2013) Fracking isn’t just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields. TNK-BP, Russia’s third-largest producer, will use hydraulic fracturing combined with horizontal drilling in almost half the wells it sinks this year, a sixfold increase in […]

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