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Lou Pai
Houston Astros Fan
Member since Dec 2014
16892 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Already happening and known for a while


90proofprofessional
LSU Fan
Member since Mar 2004
21254 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
is this newsworthy then? like a big bump up in assessment of how much is there or something?


teke184
LSU Fan
Zachary, LA
Member since Jan 2007
28507 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Trump to Dems - l drink your milkshake!


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klrstix
LSU Fan
Shreveport, LA
Member since Oct 2006
1625 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:


...and then only if you don't believe the Earth is only 3,000 years old.



Silly WildT... everyone knows the earth is twice that age...


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225bred
USA Fan
COYS
Member since Jun 2011
14338 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

What's there to chime in about? Sounds like great news for NM and the US



Just trying to hear it from both sides.


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GumboPot
USA Fan
Member since Mar 2009
63948 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM




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Lou Pai
Houston Astros Fan
Member since Dec 2014
16892 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Yeah it appears they just sized up the entirety of the play on the "newer," significantly less developed side of the basin. I don't think Zinke is misleading or anything, just the article doesn't do a good job of describing it.


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GumboPot
USA Fan
Member since Mar 2009
63948 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Low energy prices are bad for Louisiana.

Less jobs here, less severance tax revenue for the state - leading to another budget crisis.



Unless you live in Louisiana and your projects are across the nation.


Jack Daniel
LSU Fan
In the bottle
Member since Feb 2013
14415 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Problem is, the finite calculation they try to scare you with is based on 1970’s and 80’s technology. As technology improves, we find more oil we didn’t know about previously.


GumboPot
USA Fan
Member since Mar 2009
63948 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Problem is, the finite calculation they try to scare you with is based on 1970’s and 80’s technology. As technology improves, we find more oil we didn’t know about previously.


And a better understanding of abiotic O&G formation.


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cwill
Member since Jan 2005
39201 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

As technology improves, we find more oil we didn’t know about previously.


Not exactly. We don't find new oil, we find new ways to extract oil from known formations/reservoirs that we couldn't technically and/or economically previously.
This post was edited on 12/6 at 2:50 pm


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50
WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30883 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

my common sense tells me that the only oil in the earth is from dinosaurs and is not renewable is extremely hard to believe.

You don't believe your common sense?


SirWinston
New Orleans Saints Fan
PDX
Member since Jul 2014
39096 posts
 Online 

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Part of my final MBA capstone project was how there is no such thing as a finite natural resource. I got an A+


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51
cwill
Member since Jan 2005
39201 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

And a better understanding of abiotic O&G formation.


Fringe science.


TigerDog83
LSU Fan
Member since Oct 2005
6527 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Fringe science.


Is this the one where they keep pointing to the freak deal at Eugene Island 282 or whatever block that had the strange production increases later in life?

Edit: It's EI 330 I think
This post was edited on 12/6 at 2:58 pm


CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
56644 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Muh finite resources!


PEAK OIL



wasn't gas supposed to be $17/gallon by 2019?


whew.
This post was edited on 12/6 at 3:05 pm


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20
cwill
Member since Jan 2005
39201 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Is this the one where they keep pointing to the freak deal at Eugene Island 282 or whatever block that had the strange production increases later in life?

Edit: It's EI 330 I think


Yes and a couple of other examples of extremely deep hydrocarbon finds (nothing substantial or economic).


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IllegalPete
USA Fan
Front Range
Member since Oct 2017
4930 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

h the Wolfcamp isn't a new discovery? The Permian boom in NM and TX has been going on for a while now - with the Wolfcamp being the most actively drilled formation.




From 2 years ago

I think the "news" aspect of this is that the new assessment doubled the projected reserves from 20 billion to 40 billion barrels.

You are right, wolfcamp is nothing new, it is has been at the center of the most recent book.


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SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
13751 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

Less jobs here, less severance tax revenue for the state - leading to another budget crisis.


Nope.


You know what leads to the budget crises? I'll give you a hint... it's not oil.


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scrooster
South Carolina Fan
Resident Ethicist
Member since Jul 2012
28333 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Yayyyyyy!

My Dixie Pipeline leases goin' up!


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