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re: WSJ: U.S. Shale Boom Shows Signs of Peaking
Posted on 3/8/23 at 8:48 am to ragincajun03
Posted on 3/8/23 at 8:48 am to ragincajun03
Clearly isn’t so dire if they aren’t taking their chances with TMS.
0
Posted on 3/8/23 at 8:57 am to CitizenK
quote:
I have put my hands on the only refinery built to refine it. This was after it was dissembled and in a laydown yard in the Houston area. Built in 1982, dismantled in 2011.
are you talking about the Sunoco refinery that was in New Jersey?
Posted on 3/8/23 at 9:34 am to bamarep
quote:
That article is complete and total bullshite.
The top tier acreage in many of the basins is/has been drilled and operators are downspacing existing units and/or drilling up lower quality acreage, fact.
Posted on 3/8/23 at 10:12 am to mrservon
quote:
are you talking about the Sunoco refinery that was in New Jersey?
It was a small refinery in the Rockies near the shale mines and on the river. Built by Oxy, I don't remember who owned it last. 20,000 BPD capacity. The shale was pulverized, retorted, then vapors went through the various refining processes.
Posted on 3/8/23 at 10:14 am to lostinbr
quote:
You do this in every thread about shale oil and it’s so pedantic.
Just about everyone in the US O&G industry refers to LTO as “shale oil,” at least informally.
Not everyone is in the oil patch biz who comes to TD, or reads these threads. As for the undesirability of much of the tight shale crude, that is well known in refining but not by oil patch baws. They don't really need to know more than how much the pipeline will pay for it.
Posted on 3/8/23 at 10:23 am to Oilfieldbiology
quote:
You really seem like you know your shite
I know barely enough to understand drilling. I buy and sell process equipment which has included an entire refinery, and some chemical plants. If I don't learn every single day, I will be left in the dust. I have been involved with GTL projects as well. I find it stupid that Velocys keeps being involved in almost all of those demonstration projects. Their reactors plug up easily regardless of the press releases. Yet the Russian oligarch backing them allows them to keep getting contracts like the plant to be built in NE Louisiana.
Here is something off topic. Money is being thrown right and left at "green" hydrogen. One EPC client who used to design and install (sometimes lease) propane storage and sytems to boost BTU value of natural gas power plants during cold snaps, has gotten into the green hydrogen game due all the money for it. He has designed and installed a few demonstration systems for municipalities up north. The supporters claim that natural gas can be distributed with 20% hydrogen. Per him, lucky to get 15%.
Posted on 3/8/23 at 10:30 am to soccerfüt
quote:
My uncle (no homo) is in Kruk’s inner circle.
Today I learned that John Kruk had an inner circle.
He’s always seemed like a pretty awesome guy.
Posted on 3/8/23 at 10:47 am to CitizenK
So how much land/water do we have left for exploration for oil???? 50 years worth?????
Posted on 3/8/23 at 10:50 am to dukke v
quote:
So how much land/water do we have left for exploration for oil???? 50 years worth?????
How much are you willing to pay for a barrel?
Posted on 3/8/23 at 10:57 am to dukke v
I don't know but it is all about cost to produce it seems. Unita in Utah should heat up before the RR is completed, to get 700k BPD or so. That is some really nice crude to refine but not pipeline friendly even when cut by 50% with condensate.
Posted on 3/8/23 at 11:00 am to Oilfieldbiology
Should that be the matter here. I wonder how much WE have left. I don’t see a reason it should cost more just because we do it ourselves. We should never pay over 2.50 per gallon for gas.
Posted on 3/8/23 at 11:21 am to dukke v
quote:
Should that be the matter here.
Yes. There is an absolute abundance of oil all over this country and world, but some places it is very expensive to extract as it isn’t just in these giant underground pools waiting for Jethro to shoot a 30-06 and create a well.
quote:
I wonder how much WE have left.
I’m just absolute volume? Probably 100 years or more at current usage rates. They are finding new oil every day, it’s just is it profitable to extract and transport to refining.
quote:
I don’t see a reason it should cost more just because we do it ourselves.
Shale and fracking is more expensive than what the saudis, Venezuelans, and Iranians can do. While our volumes may be greater, theirs is easier to access and pipe out.
This post was edited on 3/8/23 at 11:22 am
Posted on 3/8/23 at 11:44 am to dukke v
quote:
We should never pay over 2.50 per gallon for gas.
Even as inflation rises and it becomes more expensive to produce the same barrels? Even as wages and costs of equipment rise?
Posted on 3/8/23 at 12:03 pm to CitizenK
quote:
Money is being thrown right and left at "green" hydrogen.
you ain't lying about that. it blows my mind about how much money is being thrown at all of these "green" & "blue" hydrogen & ammonia plant projects in South LA alone.
The ammonia I sort of understand because there is, and always will be, a strong market for it here in the US & beyond. It's just such a versatile feedstock. It's the H2 play offshoots that I can't seem to wrap my head around. It's being labeled as the all-encompassing "renewable fuels initiative". But It's not for fuel cells in lieu of motor fuels or transportation. We are nowhere near there yet. It can't all be for alternative power sources for industrial applications. (ie. chemical plants, refining units, etc.) Then we would be seeing a shite-ton of capital investment in Hydrogen conversion projects at the proposed end users. And we just aren't seeing it.
What is creating all of this demand for Hydrogen production??
Posted on 3/8/23 at 12:06 pm to mrservon
quote:
What is creating all of this demand for Hydrogen production??
Fertilizer
Posted on 3/8/23 at 12:21 pm to ragincajun03
There will be a big push the next 10 years to tap out the top tier acerage and cash out before companies make the shift to renewable investments. This isn’t just a US shale strategy. These next 10 years may actually be the last peak for oil.
Posted on 3/8/23 at 12:25 pm to hubertcumberdale
quote:
The top tier acreage in many of the basins is/has been drilled and operators are downspacing existing units and/or drilling up lower quality acreage, fact.
there is both truth and lies in this statement.
Posted on 3/8/23 at 1:00 pm to ragincajun03
I wouldn't say shale is peaking but rather that operators and their equity partners are behaving more responsibly with their capital. The days of the buy, delineate, flip are over. Operators now have to prove they can create value through the wellhead.
Locations have reduced, though, as the relationship between child/parent wells have become more apparent and EURs haven't matched the original type curves.
Locations have reduced, though, as the relationship between child/parent wells have become more apparent and EURs haven't matched the original type curves.
Posted on 3/8/23 at 1:03 pm to ragincajun03
Does this article really pretend that the crash in 2015 didn’t happen? 600+ U.S. energy companies went bankrupt. Billions in not trillions of investment dollars were lost. There was no such thing as a wise investment in US energy between 2016-2019. That cheap Saudi oil killed our energy sector.
Posted on 3/8/23 at 1:10 pm to Oilfieldbiology
quote:
Fertilizer
Desulfured fuels and lubricants.
Lots of specialty chemicals some even needed to drill for oil.
The "Hydrogen Economy" is to partially replace natural gas as a methane/hydrogen mixture say 85/15 content for you home and for power plants presently burning natural gas
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