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CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
56593 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Let's laugh at Peak Oil and their "North America" predictions.





This post was edited on 12/6 at 3:22 pm


bamarep
Alabama Fan
Monkey Town
Member since Nov 2013
37640 posts

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


Cshill just told us that there are no new discoveries.


cwill
Member since Jan 2005
39187 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

just told us that there are no new discoveries.


No. I said the Wolfcamp was not a new discovery - that's a fact. Then I said that we aren't really finding "undiscovered oil", we have found improved technology allowing us to access known reserves that were previously inaccessible due to technical and/or economic reasons.

I have a long history on this board arguing against the peak oil theory - mostly with the poster Bunk Moreland.

It would appear that you and facts have a tenuous relationship.
This post was edited on 12/6 at 3:29 pm


cajunangelle
Navy Fan
Member since Oct 2012
76131 posts

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



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Lsujacket66
Member since Dec 2010
1795 posts

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

quote:
Even you dumbasses can't spin this as bad.

Low energy prices are bad for Louisiana.

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

Before that find, I was seeing gas in BR going for just over $2.00 a gallon. That's ALREADY inexpensive. As a matter of fact, it's cheaper than the 35 cents per gallon they were paying back in '65, before the oil embargoes - adjusted for inflation.


Not sure why this is getting down votes, it’s undoubtedly true that cheap energy prices hurts the Louisiana economy


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ShaneTheLegLechler
Houston Astros Fan
Inside the Mind of a Greg Jennings
Member since Dec 2011
45830 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
LOL at OP announcing this shite like the USGS discovered the Wolfcamp. The day the USGS is discovering major oil assets in this country instead of private business something has gone horribly wrong.


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lordguill
New Orleans Saints Fan
Member since Dec 2005
27853 posts

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

Damn, that's bad news.



Care to elaborate?


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ragincajun03
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
11337 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
The entire industry has been aware of this for a while. We just need Trump’s new Director of the Department of the Interior to stop throwing red tape (or State Directors under him) down at the field office level when it comes to operating in Federal Lands in that area. The BLM owns hundreds of thousands of mineral and surface acres in the main Permian of New Mexico.
This post was edited on 12/6 at 4:06 pm


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ragincajun03
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
11337 posts

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

that stuff typically has a ton of H2S in it


Some parts of New Mexico it does not.


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ragincajun03
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
11337 posts

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

So what's the deal? Are we going to be having big production there or no


We already are.


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cwill
Member since Jan 2005
39187 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
quote:

quote:
So what's the deal? Are we going to be having big production there or no


We already are.


I'd say from a production/development perspective the surface has barely been scratched. I think the Permian is in a position to severely depress oil and natural gas prices.


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WildTchoupitoulas
Oscillating Fan
Member since Jan 2010
30832 posts

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

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

Perhaps, but it also sucks for those with producing wells.


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moneyg
LSU Fan
Member since Jun 2006
32563 posts

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

just told us that there are no new discoveries.


No. I said the Wolfcamp was not a new discovery - that's a fact


Actually, he said:

quote:

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


Then you said

quote:

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.


Lima Whiskey
Virginia Fan
Member since Apr 2013
4071 posts
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re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Tell me about the hydroelectric car I’m buying in 2100.


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waiting4saturday
LSU Fan
Covington, LA
Member since Sep 2005
5246 posts

re: Christmas came early: Zinke announces MASSIVE new oil/NG discovery in NM
Folks have been drilling the Wolfcamp for years. I remember hearing about it when I was interning in Midland in 2012.


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waiting4saturday
LSU Fan
Covington, LA
Member since Sep 2005
5246 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.



THIS... a good example I use is back in the early 2000s chevron was trying to give away its Permian assets because there was no more oil there. Now, they can’t dump enough capital in the area and can’t punch the holes fast enough. Peak oil doesn’t exist.


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cwill
Member since Jan 2005
39187 posts
 Online 

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

Actually, he said:

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




Yes - saying we find oil we didn't previously know about (new discovery).

quote:

Then you said

quote:
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.



Right, we aren't finding "new oil" (new discoveries)...not sure what your point is.


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gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
37950 posts

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

Yes.

Peak discovery occurred in the 60s.

Unless you think petroleum is a renewable resource, peak oil is inevitable. Sorry.



I remember it was going to "run out" in 30 years in 1975.


I got gas at $1.79/gal last week

idiots


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Rohan Gravy
LSU Fan
New Orleans
Member since Jan 2017
5010 posts

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

You don't believe your common sense?



I always believe my common sense.

What is your point?


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EA6B
Navy Fan
TX
Member since Dec 2012
8381 posts

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

Guess what, Bossier, that's going to collapse the fracking industry that's been going on around your part of the country.


Negative, new wells and additional lateral sections on existing wells will continue to be drilled in the Haynesville Shale because the infrastructure to move the gas is already in place. That will require fracking, and the older existing lateral sections are at the age were they will start to require re-fracking. And guess what the oil and gas in west Texas and NM are contained in shale, which requires fracking.


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