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North Dakota’s Crude Oil Production Could Peak Within 5 Years
Oilprice.com ^ | 02-12-2020 | Para

Posted on 02/12/2020 3:23:49 PM PST by bananaman22

Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to less prolific corners of the oil patch, North Dakota’s Mineral Resources Director Lynn Helms told state lawmakers.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: northdakota; oil; oilproduction; shale
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To: bananaman22

Glad to see we haven’t reached the peak on the peak-oil hypothesis.


21 posted on 02/12/2020 4:58:49 PM PST by AndyJackson
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To: bananaman22

PEAK OIL PEAK OIL!!!!! OMG


22 posted on 02/12/2020 5:19:11 PM PST by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT!)
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To: frank ballenger
AOC can ride out there in a driverless all electric vehicle to confirm that

Good luck with that. Not too damn many charge stations in the middle of ND.

She may have to pack some extra battery cells in her underwear.

23 posted on 02/12/2020 5:21:03 PM PST by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT!)
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To: joma89

The world has been running out of oil in the next 20 years for the last 100 years.


24 posted on 02/12/2020 5:30:04 PM PST by glorgau
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To: eartick
She may have to pack some extra battery cells in her underwear.

Highway patrol officer to AOC: "I'm going to have to do a search based on a tip from someone at Free Republic. It'll only take about five minutes."

"Crossing a state line with unregistered battery cells is a felony. Chinese have been filling them with fentanyl. Usually applied to semi drivers but we now have to search everybody."

25 posted on 02/12/2020 5:39:56 PM PST by frank ballenger (End vote harvesting,non-citizen voting & leftist media news censorship or we are finished.)
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To: bananaman22

Yes. Crude oil is the stuff that’s cheap to refine for fuel, and all known patches will run dry eventually. It won’t be the end of the world, though. Fuel will be much more expensive, and we’ll need to manufacture many things in our communities.

That’s what’s going on with the new trade deals: much good forethought. Life could be better in the future with plenty of planning, designing and building.


26 posted on 02/12/2020 5:52:21 PM PST by familyop ("Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy")
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To: bananaman22
Most important word....

"Could"

27 posted on 02/12/2020 5:54:13 PM PST by Osage Orange (Whiskey Tango Foxtrot)
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To: crusty old prospector

Think again.
...
I did, and same thoughts come to mind.


28 posted on 02/12/2020 5:55:58 PM PST by CincyRichieRich (Vote for President Trump in 2020 or end up equally miserable, no rights, and eating zoo animals)
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To: NohSpinZone

I remember Jimmah Cahtah.
One poor, sick and confused man...


29 posted on 02/12/2020 6:16:40 PM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: bananaman22

Maybe they can slant their drills towards (and under) the Canadian border and siphon off some of the socialist’s oil... /s


30 posted on 02/12/2020 7:00:23 PM PST by SuperLuminal (Where is Sam Adams now that we desperately need him)
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To: CincyRichieRich

I’m not an expert, only been at it 32 years. At 60 bucks or less a barrel, the lady is dead on correct. If oil drops below 40, it could reduce ND and US production bigly in 2 years.

Best case is a real tech advance in secondary recovery that conventional oil fields have been operating for nearly 100 years, that works economically in rocks with 1/100th the permeability. That might have a chance to keep production flat for decades.

$80-100 a barrel oil opens up the peripheral non core lower quality properties to economically attractive development and the party is back on.

Disclaimer: not an oil price.com reader for some time, nothing there when they are right for me that I don’t already know.


31 posted on 02/12/2020 7:12:55 PM PST by EERinOK
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To: gibsonguy

https://alfinnextlevel.wordpress.com/2018/04/16/still-waiting-for-peak-oil/

The western U.S. alone contains at least 2 trillion barrels of petroleum in oil shale formations. At a current U.S. annual consumption rate of 7.2 billion barrels, that’s a 278-year supply.


32 posted on 02/12/2020 7:19:44 PM PST by TruthFactor (Hang em', Hang em' High.)
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To: alloysteel

Sustained $100 a barrel oil price puts the western US in the cat bird seat. There’s a trillion or more barrels in close to surface rock full of kerogen and more mature hydrocarbons, proven to be mineable and yields from retort process. We just not at the point we need to go there yet. Your waste stream ideas are less expensive, logistics the obstacle. Demand and price mandates for its future.


33 posted on 02/12/2020 7:22:53 PM PST by EERinOK
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To: CincyRichieRich

Maybe try Wikipedia and the formation of hydrocarbons.


34 posted on 02/12/2020 7:53:03 PM PST by crusty old prospector
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To: bananaman22
From the article:

According to Ron Ness, President of the North Dakota Petroleum Council, the state’s oil production could peak at 1.8 million bpd if oil prices hold, as carried by The Associated Press.

Something tells me that Mr. Ness is more concerned with the price of oil than its availability underground.
35 posted on 02/12/2020 8:25:30 PM PST by nicollo (I said no!)
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To: bananaman22

Yep - ans back in ‘72, we had odd/even gas lines and high prices because oil was “gone”...

I guess it only lasted another 50 years or so...

BTW - there’s still snow on Kilimanjaro and Biloxi and other seaside cities ain’t under water.....and I paid $2.24 (rounded up for the .9) for premium just yesterday.


36 posted on 02/13/2020 4:06:55 AM PST by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: CincyRichieRich

the creation of oil us a natural process - animals not needed - animal theory began in the 18-1900s when geo processes not understood,


37 posted on 02/13/2020 6:40:45 AM PST by PIF (They came for me and mine ... now its your turn)
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To: Nakota

I remember a snow packed minus two below May day in Ross Nd


38 posted on 05/12/2022 12:14:44 PM PDT by South Dakota (Patriotism is the new terrorism )
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To: frank ballenger

2016, ross nd.
6 am, 26 below.
I started my Pete that is pulling a belly dump. After the air to the trailer came up I had to roll underneath the trailer axles with a hammer and pound on the brake drums to free the frozen brake pads....ping


39 posted on 10/19/2022 12:12:45 AM PDT by South Dakota (Patriotism is the new terrorism )
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To: South Dakota

RE: 6am and 26 below.

That is cold.

At least global warming was on the way.


40 posted on 10/19/2022 11:16:36 AM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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