Analysis: It will take years for refracturing of oil wells to impact the market

Refracturing of older oil wells likely won’t have a measurable impact on the oil market for the next five years, reports Citing a new analysis by energy consulting group IHS, the news site says that “a large-scale redo of oil wells won’t make sense until companies see better returns from returning to old wells than from drilling new ones.” IHS Managing Director Christopher Robart told Fuel.Fix that current returns are going to be significantly better from drilling a new well in just about every case. For more, read the full story.