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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
Posted by CitizenK
BR
Member since Aug 2019
9751 posts
Posted on 4/9/24 at 7:05 am to
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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