It’s called “the Octopus” because of its many tentacles

that extend from the core body.

Others call it multi-well pad drilling…

One company hit pay dirt with a technological advancement

that promises to propel the U.S. to energy superstar status.

Recently, energy company Encana (NYSE: ECA) completed a

mindblowing 51 wells on one well pad site to drill an entire canyon

in Parachute, CO.

Encana’s pad site is 4.6 acres in size above surface. However,

using its multi-well pad drilling technology, it was able to access

a full square mile of underground resource.

That’s 640 acres underground from a 4.6-acre above-ground pad

site.

Apart from the pad site, the entire canyon remains green and

untouched as if nothing is going on — but 

the company will drill more gas from this site than it ever has from

 any previous well pad.

That’s just one drilling site.

With the Octopus, multiple buried wells can be accessed.

Once it was proven how powerful this technology is, major oil producers began quietly bypassing traditional drilling methods in favor of the Octopus. Last year, Devon Energy (NYSE:DVN) drilled

36 wells from a single well pad site in the Marcellus Shale.

The Octopus is quickly becoming the norm.

The tentacles can stretch in opposite directions st the same time, siphoning oil

aand gas at a faster pace than ever before and reaching areas that seemed

impossible to reach — underground for miles, while the surface is undisturbed.

This is a major breakthrough for the oil industry.Energy engineers think its impact will dwarf the groundswell caused by hydraulic fracturing and horizontal drilling over the last 11 years…

And it will put millions of dollars in the pockets of investors

who get in now to secure massive amounts of cash from soaring

 U.S. oil production as a direct result of this technology.

It’s easy to see why.

Normally, for a company to drill just four wells using

traditional horizontal drilling, it would need four different pads or land sites, each covering about 7 acres of land. That’s a total of 28 acres of land needed for 4 wells.

The company drills one hole and then breaks down the rig

and hauls it to the next location. The rig then has to be built again

to start drilling the second hole, a process that takes no

fewer than five days…

But the Octopus (or multi-well pad) allows for those same four

wells (and as many as 18 wells, in fact) to be drilled from

the one single site. So one pad equals between 4 and 18 wells.

Even more impressive:

As many as 2,000 acres of shale reservoir can be tapped from

one single drill pad on just 7 acres of land — and recover oil and

gas 8x faster than traditional horizontal drilling..