Started By
Message

re: Offshore where the next wave of U.S. oil growth to come from?

Posted on 5/28/25 at 2:05 pm to
Posted by profdillweed
Gulf of America
Member since Apr 2025
574 posts
Posted on 5/28/25 at 2:05 pm to
quote:

I thought he was talking about the intersection of 90 and Morgan Ave in Broussard.



Oh gotcha
Posted by Topo Chico
Houston
Member since Apr 2019
447 posts
Posted on 5/28/25 at 2:56 pm to
quote:

We are about to bring online the first four 20k psi Wells. First time in history this is being done


Shenandoah isn’t the first 20k project in the Gulf. Anchor brought online two of its wells last year.
Posted by Martini
Near Athens
Member since Mar 2005
49288 posts
Posted on 5/28/25 at 3:52 pm to
quote:

It was some coonarses from the bayou that tamed the North Sea for Oil and gas extraction.


I knew plenty of guys that moved there to work on the Trans Alaska Pipeline when it was built in the mid 70’s.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
10010 posts
Posted on 5/30/25 at 11:23 pm to
quote:

Toll something to get around Laffy, can't break up those wonderful neighborhoods in town


I had to chuckle in Downtown Laffy where I saw construction crews working on the sidewalks on the Evangeline Throughway.

I was like does DOTD know that this will be all ripped out then the new road is built.
Posted by Saunson69
Stephen the Pirate
Member since May 2023
6812 posts
Posted on 5/31/25 at 1:04 am to
Gulf production has kind of plateaud since 2000 because fracking has made onshore a better barrel per dollar capex. Natural gas has become basically obsolete in GOM aside from associated nat gas from oil reservoirs, gas caps that form after reservoir pressure declines from oil extraction, the GOR increases over time until depletion. No EP drills for Gulf nat gas because nat gas was like $5 an mcf in 2000, and despite inflation is only like $3 today ($100 million Gulf wells for $3 nat gas just doesn't make sense), just because fracking has made the Haynesville and Marcellus flood the market with nat gas. So much nat gas from these basins and fracking that we have set up LNG export terminals to ship 20 Bcf a day to other countries.

So many saw $$ signs in LNG that everyone and their brother wanted to get in, so you saw companies fail like Tellurian. I have a feeling Data Centers and AI will be the same thing. Everyone wants in, but despite a extreme high growing industry, not everyone can make it.

This post was edited on 5/31/25 at 1:17 am
Posted by Saunson69
Stephen the Pirate
Member since May 2023
6812 posts
Posted on 5/31/25 at 1:08 am to
I have an Enverus subscription, so I go up to North Alaska and look at the wells Connoco and Hilcorp are developing. They are monstrous. The difficult part is it's an absolute haul to get that oil to a market that will use it. Extremely expensive to build pipelines from North Alaska through the mountains and Gulf of Alaska to Seattle or California. Transport via tankers is also expensive.

If that same basin in North Alaska was in Louisiana shallow marsh, it'd supply enough oil to significantly lower oil prices by $5-10 I'd bet.

I have a high school buddy that is a petroleum engineer for Connocco in Alaska. If I were married, I'd do it, but to be single and expect to find an attractive single woman in Alaska is a very tall ask. Ratio of guy to girl has to be pretty bad there.
This post was edited on 5/31/25 at 1:19 am
Posted by CitizenK
BR
Member since Aug 2019
12216 posts
Posted on 5/31/25 at 4:46 am to
With the shortline RR to Vernal, UT, drilling is going to boom there. Best crude oil in the US but cannot be shipped via pipeline.

$1 billion and 3 years minimum to get a lease and develop if everything goes perfect. This is not 1970's shelf drilling.

Everyone has cut back CAPEX on drilling, EVERYONE. Price of crude matters a lot

This post was edited on 5/31/25 at 4:51 am
Posted by CitizenK
BR
Member since Aug 2019
12216 posts
Posted on 5/31/25 at 4:52 am to
Corpus Christi is where the action is for deepwater offshore construction, NOT Louisiana. Oh Port Fourchon will be the supply base. This is not the 1970's
Posted by LanierSpots
Sarasota, Florida
Member since Sep 2010
66696 posts
Posted on 5/31/25 at 6:05 am to
Where is the Gulf of Mexico? New place to drill?
Posted by IamNotaRobot
OKC
Member since Nov 2021
987 posts
Posted on 5/31/25 at 6:59 am to
Working for a major, you wouldn’t be stuck in Alaska unless you wanted to be. Also, if you’re married it’s probably harder to convince the wife to pack up and move to the North Pole.
Posted by LSUstudent4life
Houston
Member since May 2008
1948 posts
Posted on 5/31/25 at 7:52 am to
Unconventional frac designs will eventually make it offshore. It will open up reservoirs that were once uneconomical. It’s already being tested overseas.
Posted by themetalreb
Mississippi
Member since Sep 2018
6017 posts
Posted on 5/31/25 at 8:00 am to
quote:

el Gaucho


Are you retarded? People are asking….
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
10010 posts
Posted on 5/31/25 at 8:33 am to
quote:

So many saw $$ signs in LNG that everyone and their brother wanted to get in, so you saw companies fail like Tellurian. I have a feeling Data Centers and AI will be the same thing. Everyone wants in, but despite an extreme high growing industry, not everyone can make it.


Something similar happened in the 1990’s and early 2000’s during the Dotcom bubble when telcos and wannabe telcos were building world fiber networks. They over built and some went into bankruptcy. See Worldcom and Global Crossing.
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram