I don’t see that telling anything about the “second wave” beyond a possible, only possible, existance of a second wave..............
Core labs doesn’t do discovery. Core Labs does optimization.
Core Labs does the optimization for wells. They’re the ones that enable the companies to optimize them. They call themselves the “reservoir optimization company.”
http://www.corelab.com/#
Three years ago Core Labs work was mostly in Bakken, Niobrara and Eagle Ford. Now demands for their services are down in those fields as they move from exploration to production.
That Core Labs is getting rising inquiries about SCOOP (south central Oklahoma), the Tuscaloosa Marine Shale, and most of all the Wolfcamp....
That means the oil companies are most interested in optimizing these formations.
Could it be that other formations are just as promising but don’t need Core Labs services? Yes.
However, because the call for Core Labs services is declining in the Baaken Eagle Ford and Niobrara—and increasing in Scoop Oklahoma, Tuscaloosa Marine Shale and Wolfcamp—its reasonable to think that the latter three plays will enjoy large gains in production sometime in the future.
because the call for Core Labs services is declining in the Baaken Eagle Ford and Niobrara—and increasing in Scoop Oklahoma, Tuscaloosa Marine Shale and Wolfcamp—its reasonable to think that the latter three plays will enjoy large gains in production sometime in the future.
Until the increases in the new field exceed the decreases in the older fields, there is no second wave.