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re: Oil and gas folks please explain the whole oil /gas scarcity thing to me
Posted on 4/9/24 at 6:57 am to Saunson69
Posted on 4/9/24 at 6:57 am to Saunson69
quote:
The Eagle Ford is a perfect example. On its western edge, it's 5,000 ft deep and 100% oil.
56-60 API gravity is actually condensate and only called oil because of 1970's legislation. Small refineries have shutdown then torn down because it is uneconomical to refine without have a condensate splitter unit before the refinery.
The profit centers of a refinery dictate which crudes, or crude oil cocktails, can be used in them without going bankrupt.
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