Inside Energy

With oil prices now at a six year low, oil companies have been idling hundreds of drilling rigs. For the wells that remain active, the key is getting more out of less...which is tricky because when you drill for oil, only around 5 percent of what’s underground is actually recovered. That’s according to the US Energy Information Administration. So at any given well, more than 90% of the oil is generally left underground! Inside Energy’s Leigh Paterson reports on how these days - with prices so low - producers are using below ground technology to chase oil thousands of feet below the earth’s surface…