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Started By
Message
re: US crude output to rise to record 12.76 million bpd in 2023
Posted on 8/11/23 at 11:25 am to supatigah
Posted on 8/11/23 at 11:25 am to supatigah
quote:
There are rumors about the State of Texas banning all new SWD Permits outright
I'd be shocked...I don't think the delaware basin can be produced without significant SWD capacity.
0
Posted on 8/11/23 at 11:27 am to cwill
quote:
What? All I see is significant boomerang P&A activity related to the Fieldwood and Cox bankruptcies. The shelf, IMV, is a dead man walking.
of course the P&A is active after the bankruptcies are completed and the go forward strategies are put in place
recently there were two relatively large GOM Shelf RFPs sent out and a some of the RFPs was opening up shut in wells, stimulating them and producing them again. A small ray of light I guess
it has been a dead man walking for quite a while, with these oil prices the Shelf may get to walk a little bit further than expected
Posted on 8/11/23 at 11:28 am to supatigah
quote:
There are rumors about the State of Texas banning all new SWD Permits outright so NM will become even more of a salt water disposal target. If we want to get hot and bothered about anything, we should be talking about SWDs not fracking or producing wells. Fracking, Completions and Production is far safer to the environment than waste water disposal
The New Mexico Oil & Conservation Department actually already began curtailing disposal, so the recent trend has been the big 3rd party/midstream disposal companies piping produced water from NM wells and facilities across the boarder into Texas.
You are correct, though, that production could be curtailed in the future not because of Federal politics, but because of over injection and pressurization in the Delaware Basin region.
Posted on 8/11/23 at 11:31 am to supatigah
quote:
recently there were two relatively large GOM Shelf RFPs sent out and a some of the RFPs was opening up shut in wells, stimulating them and producing them again.
I would not be surprised if they were coming from GOM Shelf which is basically APA back on the shelf operating all the Fieldwood properties that boomeranged back to them from Fieldwood. Just a guess thought. It's a fricking mess out there right now. I, unfortunately, ended up with a front row seat, after having nothing to do with offshore for the last 15ish years.
Posted on 8/11/23 at 11:31 am to supatigah
quote:
our current energy challenges are more from outside influences like Saudi/Russia and inflation
Umm the energy prices are the inflation
The issues with energy lie in capital markets. It’s basically uninvestable which creates a feedback loop where capital flows out of it and companies are prioritizing dividends and share buybacks over Capex so it’s capped our capacity.
Posted on 8/11/23 at 11:34 am to Fat Bastard
quote:
is that why he shutdown keystone XL?
That's the one project that the dems will act to curtail (along with anwar) bc it has no real affect on oil prices. the oil still gets to market.
quote:
forgot his drilling moratorium?
Remember why?
Posted on 8/11/23 at 11:35 am to supatigah
(no message)
This post was edited on 8/12/23 at 9:58 am
Posted on 8/11/23 at 11:38 am to ragincajun03
quote:
The New Mexico Oil & Conservation Department actually already began curtailing disposal, so the recent trend has been the big 3rd party/midstream disposal companies piping produced water from NM wells and facilities across the boarder into Texas.
the trend before that was Texas Water being trucked/piped into NM, so i suppose some of it is evening out?
from what I understand, and correct me if I am wrong, there are more SWD permits owned and undeveloped in NM than there are in West Texas. Texas is closer to banning the sale of new SWD permits statewide than NM currently is (but that could change).
So what I was told, the strategy is to build new SWD Facilities in NM and hold the West Texas SWD permits for a premium.
I will be in the PB next week for the PB Produced Water Summit. Hope to get a better understanding of what is going on
This post was edited on 8/11/23 at 11:41 am
Posted on 8/11/23 at 11:42 am to wutangfinancial
quote:
Umm the energy prices are the inflation
of course it is one of the causes of inflation, but not the only one
Posted on 8/11/23 at 11:43 am to cwill
quote:
That's the one project that the dems will act to curtail (along with anwar) bc it has no real affect on oil prices. the oil still gets to market.
right just not as much and not as efficiently as possible
quote:
Remember why?
Deepwater Horizon Go boom
Posted on 8/11/23 at 11:43 am to cwill
(no message)
This post was edited on 8/12/23 at 9:58 am
Posted on 8/11/23 at 11:49 am to Motownsix
I guess you prefer our government screw over the consumer. There is a balance and under Trump we were closer to free markets than what is going on with this shite show administration. On top of that we were not aiding our enemy China in their quest to bring us down by accelerating the absolutely stupid move to electric vehicles. Ask anyone involved in the oil business if business conditions were better under President Trump or are they happy with things under the traitor biden.
If you remember how obama's attempts to kill the oil industry led to horizontal drilling and fracking which led to increased production. Government needs to get the hell out of the way and let business what they do best.
If you remember how obama's attempts to kill the oil industry led to horizontal drilling and fracking which led to increased production. Government needs to get the hell out of the way and let business what they do best.
This post was edited on 8/11/23 at 11:53 am
Posted on 8/11/23 at 11:52 am to supatigah
I think the main strategy operators should be focusing on is trying to minimize the amount of new water being introduced into the full cycle, via recycling produced water for operations.
However, at some point, all that water still needs to go somewhere. That’s the challenge. There have been strides made in beneficial reuse, but those numbers are just a (no pun intended) drop in the bucket compared to the amount of additional water being produced from the subsurface, even if all operators went to 100% recycle water for D&C operations. Which you really can’t, at least not sustained, as you’ll need makeup water where you can’t recycle enough or get a fast enough refresh rate.
Have fun at the conference. Very interesting stuff. I know several folks who are attending. I need to look up who’s presenting to see if I know any of them as well.
However, at some point, all that water still needs to go somewhere. That’s the challenge. There have been strides made in beneficial reuse, but those numbers are just a (no pun intended) drop in the bucket compared to the amount of additional water being produced from the subsurface, even if all operators went to 100% recycle water for D&C operations. Which you really can’t, at least not sustained, as you’ll need makeup water where you can’t recycle enough or get a fast enough refresh rate.
Have fun at the conference. Very interesting stuff. I know several folks who are attending. I need to look up who’s presenting to see if I know any of them as well.
This post was edited on 8/11/23 at 11:54 am
Posted on 8/11/23 at 11:52 am to Green Chili Tiger
I will believe it when I see it
Got plenty more of those biden stickers if that isn't the case
Got plenty more of those biden stickers if that isn't the case
Posted on 8/11/23 at 11:56 am to ragincajun03
quote:
I think the main strategy operators should be focusing on is trying to minimize the amount of new water being introduced into the full cycle, via recycling produced water for operations.
However, at some point, all that water still needs to go somewhere. That’s the challenge. There have been strides made in beneficial reuse, but those numbers are just a (no pun intended) drop in the bucket compared to the amount of additional water being produced from the subsurface, even if all operators went to 100% recycle water for D&C operations. Which you really can’t, at least not sustained, as you’ll need makeup water where you can’t recycle enough or get a fast enough refresh rate.
Have fun at the conference. Very interesting stuff. I know several folks who are attending. I need to look up who’s presenting to see if I know any of them as well.
well said, the tech for all of this has existed for quite some time and keeps getting better and better. It is just too expensive. Too expensive becomes a relative term when there are no other options
PB Produced Water Summit
This post was edited on 8/11/23 at 11:58 am
Posted on 8/11/23 at 12:01 pm to supatigah
quote:
from what I understand, and correct me if I am wrong, there are more SWD permits owned and undeveloped in NM than there are in West Texas. Texas is closer to banning the sale of new SWD permits statewide than NM currently is (but that could change).
I don’t know the permit numbers; however, at least over the past few years, the NMOCD has put more restrictions on their approvals than the TX Railroad Commission, to where you really aren’t able to get the injection volumes per SWD in NM that disposal operators are able to get in TX around Loving County.
This post was edited on 8/11/23 at 12:01 pm
Posted on 8/11/23 at 12:30 pm to supatigah
Yep, I know several of the speakers!
The Sarah Stonger person speaking is the one who ran for TXRRC last year and did a YouTube video of her riding a pump jack in a bikini.
Enjoy Texas Pacific’s happy hour event on Day 1!
The Sarah Stonger person speaking is the one who ran for TXRRC last year and did a YouTube video of her riding a pump jack in a bikini.
Enjoy Texas Pacific’s happy hour event on Day 1!
This post was edited on 8/11/23 at 12:31 pm
Posted on 8/11/23 at 12:34 pm to ksayetiger
quote:
Big oil making profits is evil
-Decatur, hank, the devil, etc
Big Oil is Bidens higher pricing incentive - and as a bonus they get to propagandize the move next year
cynical much? Hell yeah. Truth is more rare than hens teeth with the Bolshevik media/DNC conglomerate
Posted on 8/11/23 at 12:37 pm to tarzana
quote:
Frightening.
And we've had a heat dome parked over Texas since early June. Big Oil just accelerates global warming, and is the personification of evil, wickedness and sin.
yo hate burning firewood also huh? you hate water vapor also?
this has to be a shtick from you right commie? you cannot be this fricking stupid old timer.
This post was edited on 8/11/23 at 12:44 pm
Posted on 8/11/23 at 1:09 pm to cwill
Wow an idiot supporting an idiot.
Is anything I wrote factually incorrect?
Is anything I wrote factually incorrect?
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