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Started By
Message
re: Major oil find in Permian Basin
Posted on 9/13/16 at 8:46 am to Jim Rockford
Posted on 9/13/16 at 8:46 am to Jim Rockford
And my land in the TMS just became even more worthless
1
Posted on 9/13/16 at 8:49 am to Jim Rockford
quote:
Major oil find in Permian Basin
Its not bad, I just think that Midland Lee is a little more major this year.
Posted on 9/13/16 at 8:53 am to ReauxlTide222
quote:
s it ours? And if not, how do we get it?
We impose Freedom on them whether they like it or not
Posted on 9/13/16 at 8:59 am to stout
quote:
We impose Freedom on them whether they like it or not
in West Texas?
Posted on 9/13/16 at 9:05 am to stout
Freedom isn't free.
Posted on 9/13/16 at 9:06 am to Nado Jenkins83
Yes
Posted on 9/13/16 at 9:10 am to jeff5891
quote:
The old school geologists were pretty terrible at theirs jobs. The new blood that graduates now a days knows more/better techniques
The geology of the earth hasn't changed all that much but the technology we've developed to analyze, interpret it and to manipulate it has changed drastically.
So I wouldn't necessarily say the geologist are all that smarter.
Posted on 9/13/16 at 9:11 am to Bullfrog
we aint running out of oil for a very very long time. There is so much untapped oil out there.
Posted on 9/13/16 at 9:13 am to redstick13
quote:
So I wouldn't necessarily say the geologist are all that smarter.
exactly. the technology is so different from the 70s. just look at how we steer the bit now or all the sensors we can use to tell porosity, mineral makeup, radiation. its incredible
This post was edited on 9/13/16 at 9:14 am
Posted on 9/13/16 at 9:15 am to East Coast Band
We didn't, we found it last week
Posted on 9/13/16 at 9:22 am to Engineer
quote:
I'm including EOR.
EOR in shale? I'm not on the enginerd side, but what technique are you thinking of?
I've always understood the rock porosity is too low to do any traditional gas/water/co2 flood.
Posted on 9/13/16 at 9:28 am to FelicianaTigerfan
There is always the water well business.
Posted on 9/13/16 at 9:28 am to upgrayedd
quote:
I assume once the GTL facilities are up and running, NG prices will rise when the exports begin.
Do you mean LNG or GTL?
Don't expect any GTL facilities in the U.S. for a long time. With oil prices unlikely to go above $60/bbl in the near future, the economics don't support it.
Also as more LNG facilities go online there will be (some) upward pressure on NG prices, flipping those economics. Add in more environmental regulations which force NG fired power plants...... the outlook isn't great for GTL in the U.S.
Posted on 9/13/16 at 9:31 am to CorporateTiger
quote:
Do you mean LNG or GTL?
Yes, sorry, LNG.
Most of the LNG will be going to Europe, correct?
Posted on 9/13/16 at 9:31 am to CorporateTiger
quote:
co2 flood
Huff and puff
Posted on 9/13/16 at 9:31 am to CorporateTiger
quote:
Also as more LNG facilities go online there will be (some) upward pressure on NG prices, flipping those economics. Add in more environmental regulations which force NG fired power plants...... the outlook isn't great for GTL in the U.S.
which is why we should make the move to CNG/LNG as much as we can
This post was edited on 9/13/16 at 9:32 am
Posted on 9/13/16 at 9:34 am to Nado Jenkins83
quote:Can I use a hybrid?
Tri-cone bit or PDC?
Posted on 9/13/16 at 9:42 am to DonChowder
quote:
Can I use a hybrid?
Kymera Hybrid is supposedly tearing it up in Brazil
Posted on 9/13/16 at 9:50 am to Nado Jenkins83
quote:It's tearing it up in a lot of places...just not mine. The Smith Stingblade on the other hand....money!!
Kymera Hybrid is supposedly tearing it up in Brazil
Posted on 9/13/16 at 9:56 am to DonChowder
quote:
It's tearing it up in a lot of places...just not mine. The Smith Stingblade on the other hand....money!!
I haven't been in the loop in the last year. Depresses me when I think about the fact I only needed 8 more years and I would have been able to do my own thing.
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