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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 7:05 am to Saunson69
Posted on 4/9/24 at 7:05 am to Saunson69
quote:
Oil does not turn into asphalt/heavier hydrocarbons the deeper it goes.
Depends on depth when it formed. There is plenty of tight shale oil in Nevada but to drill to 40,000 feet then run laterals to facture is not cost effective. FTR, the trap rock above these shale formations produced some might productive wells back in the day. The crude is around 12 API gravity and high in asphaltenes.
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