Another bright spot has been the results of new fluids Crescent Point has been using to help extract oil from the Viewfield Bakken formation in southeastern Saskatchewan. In tests last year, the fluids improved initial 90-day oil production rates by about 50 per cent.Saxberg did not divulge details about the fluids because they are "proprietary."
"Early results are pretty impressive," he said. "It's pretty exciting stuff in this environment and I think the low-cost environment allows us to do this experimentation and we probably put $50 million of our budget across all of our fields toward that technology."
Only a matter of time before this diffuses to rest of industry.