To: Kaslin
Mostly correct but these two words stand out as false to me.
Shale oil (light tight oil) is rapidly emerging as a significant and relatively low cost new unconventional resource in the US,
These wells are neither cheap, nor long lasting. It requires more expensive wells and the wells don't last long a high flow rates. Which means you need more of them; we have to keep drilling just to hold a steady flow rate.
3 posted on
02/15/2013 3:45:34 AM PST by
thackney
(life is fragile, handle with prayer)
To: thackney
"These wells are neither cheap, nor long lasting. It requires more expensive wells and the wells don't last long a high flow rates. Which means you need more of them; we have to keep drilling just to hold a steady flow rate." Well, I think economics would dictate that as demand continues, the cost of such wells would drop, and we would have a lot more wells producing even at the lower rates.
What "is" the typical production curve for one of these guys.
To: thackney
you forgot to include the meaning of the word "relatively" in your analysis - and compared to deep water, compared to windmills, etc, this IS relatively low cost.
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