I am on an Yahoo energy investment group and they just got a post from a company called Energy Capital Group. These people are involved in oil and gas production and have a technology called radical jet enhancement, which they claim will greatly enhance oil production from dying and depleted wells. The web link is:
Will this technology actually retrieve more of the inaccessible petroleum resources in a basin, thereby increasing the amount of provable oil reserves? Or will it just produce the accessible oil quickly, just depleting the existing reserves faster and producing no net gain in reserves?
It can add to/increase the reserves (recoverable oiland/or gas) in a well or a basin, especially if the productive formation has low permeability. Laterals jetted out to 300 feet from the wellbore can permit the prodcution of oil that would otherwise not be recovered economically.
It can also accelerate production from a well, reducing production/recovery time by as much as two-thirds. Due to the time value of money, this increases the present value of a well.