Posted on 12/03/2013 5:26:20 AM PST by thackney
And on the political side, Monterey Shale is looking better.
Wow, this will get the enviroweenies knickers all in a twist. Good!
If you thought the protests over the Keystone XL pipeline were bad, wait until you see what the environmentalists do about this, which is right in their backyard, so to speak. I’d better stock up on popcorn, the next time I go grocery shopping.
The state smells money and wants its cut. The anticipated pile of cash is just too large to ignore.
And who thinks they won't tie the whole thing up with lawsuit after lawsuit?
Just the requirement that local landowners can request water sampling and testing could slow down the process of bringing a well to market enough to eventually make the Monterey Shale formation unprofitable. I'm fine with that, though, since it will keep this resource from being used to postpone the eventual financial collapse of Kalifornia.
There is so much oil in California its seeping out of the ground.
After the ambulance chasers swarmed in Pennsylvania, it is common for oil companies to test local water wells BEFORE drilling begins for comparison afterwards. This is normal practice now for many. I suspect most oil companies won't wait for a request, but rather request it themselves long before a local drill rig shows up.
There are significant technical problems in the Monterey Shale.
Oil Firms Seek to Unlock Big California Field
http://online.wsj.com/news/articles/SB10001424127887323932604579052933974060844
Sept. 22, 2013
California’s Monterey Shale formation is estimated to hold as much as two-thirds of the recoverable onshore shale-oil reserves in the U.S.’s lower 48 states, but there’s a catch: It is proving very hard to get.
Formed by upheaval of the earth, the Monterey holds an estimated 15.4 billion barrels of recoverable shale oil, or as much as five times the amount in North Dakota’s booming Bakken Field, according to 2011 estimates by the Department of Energy. The problem is, the same forces that helped stockpile the oil have tucked it into layers of rock seemingly as impenetrable as another limiting factor: California’s famously rigid regulatory climate.
California has become one of the U.S.’s top oil-producing states over the past century, largely by tapping into the easier-to-get oil that has seeped out of the Monterey beneath places like Bakersfield and Los Angeles County. But with production in general decline since the 1980s, producers are trying a smorgasbord of techniques—called enhanced oil recovery in industry parlance—in an effort to tap into the mother lode.
So far, there have been no production breakthroughs.
Venoco Inc. of Los Angeles, for example, said in a report that after drilling 29 wells in the Monterey Shale from 2010 to 2012, no “material levels of production or reserves” resulted. A Venoco spokeswoman declined to comment further.
So far, Brown has acted completely like a republican, ruled by austerity, lid off teachers, frozen teachers pays, sold off unsused assets and now the fracking. I wonder what California democrats are thinking now? Brown is doing all the things he accused Meg Whitman was going to do......
Sometimes I love living in this state, just to see how stupid democrats really are
And where do you suppose the money comes from to pay for an army of high-priced lawyers and lobbyists to tie this thing up in court and the legislature? Hint: it’s not grandma sending $10 because she saw a picture of a sad looking polar bear.
Follow the money.
SB4 passed house & senate and was signed already by the Governor.
While many can try to disrupt the study and influence the results for new rules, SB 4 provides that, until the rules are finalized and implemented, DOGGR “shall allow” all well stimulation treatment activities, provided various conditions are met.
The work starts now.
Yeah right. Trust me when I say this will NEVER happen. The ‘bullet’ train has a better chance of happening.
What a ridiculous come on. The on;y way this would happen is if California all of a sudden went back in time to being a more conservative state…….
There has already been drilling in the Monterey Shale field.
Nonsense. If that were the case they would allow drilling off of Santa Barbara. California is hopelessly lost in the 60s groove thing. Manufacturing of ICs became so difficult (and expensive) that companies moved the manufacturing out decades ago.
And he pushed the ridiculous bullet train which will be the money hog for ever. DOn’t fool yourself. There is a super majority in the legislative branch if they get fed up Brown will get his
but it is California and the work won’t start now
Never going to happen.
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