Posted on 03/03/2022 9:12:28 AM PST by Leaning Right
This is very well known. I will find a link. “Fracked horizontals die vertically”. The vertically is the production curve on the graph. Very rapid end to flow.
https://www.loose.info/decline-curve-for-bakken-shale-oil-wells/ Scroll down to “Decline Curves”.
The reason the Bakken was such a big story was the magnitude of the frantic activity. Huge employment. Trucks willy nilly hauling frack water, frack proppant and then oil. A big infrastructure problem is presented by the nature of the wells. By the time you get a pipeline built to a well, it is dead. So . . . trucks. Traffic. Employment.
I was being sarcastic. Solar panels and I don’t mean on individual houses are taking the place of rich farmland everywhere and are being placed next to residences who have no say if they don’t own the property. Think about it. . .acres and acres of solar panels. From what I understand if it all doesn’t work out you’re left with a mess. And then there’s the wind thing. . . .
The main ones that are a joke are the ones put up by the utility to put power onto the grid as a whole, often with the stated purpose of replacing a coal plant. What a joke!
Do you think the dems are going to put some next to their “mansions”.
What company would dare start oil drilling in the USA when an idiot like Joe Biden can simply wave his pen and wipe out your business and investments? None. I wouldn’t. My business is finally picking up but there is no way in hell I’m going to buy new machines and hire anyone after seeing how easy it was for our stupid governor to shut me down with a wave of her pen. I don’t have the luxury of leaving the state...yet.
Hoeven is an Amnesty Senator, he needs to be replaced if you want to keep your country.
If you’re serious, Google on something to the effect of “federal regulation shale oil” or “federal regulation fracking”.
What I AM asking is if North dakota has the capability to produce 595,000 MORE barrels per day.
They were only pumping 1 mil in 2020 with no Slojoe restrictions. Hard to think they could bump it up by 600,000 MORE barrels.
I am in Texas. We could do that but it would be an effort
Even when we WERE producing more oil than we consumed, we still imported oil.
Let me explain. This was explained to me be former Freeper Thackney years ago. He was a Petro Chemical Engineer who had worked his career in the oil industry. Including in the Middle East.
There is Light Sweet crude and there is Heavy Sulfur Crude.
ND, PA , TX and Nigeria primarily produce Light Sweet Crude. The oil in PA is so pure straight out of the ground that Arnold Palmer could put that Quaker State right into his tractor with very little refining. Pretty much every refinery can break down light sweet crude. Its value depends on the supply of it relative to how much the refinery has in supply.
Also, most refineries are built on the ocean where a super tanker can pull up and unload. So, when the shale areas of south Texas were producing so much during the fracking boom they had to sell it at a discount because it was being delivered in tanker TRUCKS.
Heavy Sulfur crude is a different animal. Venezuela, Iran and the oil sands of Alberta are primarily this type of oil.
The refineries that are the best in the world(efficient)at breaking down this type of oil and ALSO have EXCESS CAPACITY are in TX & LA. The excess capacity is key. That is because almost all the refineries in our part of the world are already running 24/7. Hence the reason for the KEYSTONE pipeline to bring Canadian oil south to Cummings, OK. The main junction for the major pipelines. The refineries in LA & TX not only have the ability to break down this type of oil, but the excess capacity to take more oil in.
So countries like Iran and Venezuela pump the oil out of the ground but do not have the capacity to refine it into products like diesel fuel or gasoline.
The other reason we import oil is that we bring in something worth X per gallon and we export something worth 3X per gallon. So, we import oil from Venezuela and export gasoline and diesel fuel worth substantially more to other countries.
Our mainland USA refineries are so good at it that smaller refineries in the Caribbean have shut down.
The USGS estimates that the Bakken formation has about 4 billion barrels of recoverable reserves. Interestingly, under the prior administratipn, the reserves were estimated to be closer to 6 billion barrels.
Again
the question is does North Dakota have the ability to increase production by 595,000 barrels a day.
Why were they only pumping a million a day before Biden.
Oil prices have doubled in the last year; unfettered by the central government, production could be expected to increase as well.
Yes it could and should
Which is a different issue than asking if a small state has the capability to increase production by 60%
Fulfilling demand is what markets do.
Had Keystone been completed it would be capable of supplying about 200,000 more barrels per day than Russia has been selling us.
Geez louise
Yes exactly
Which still doesn’t answer the question
Does North Dakota have the capability to pump 600,000 MORE barrels a day.
OK, the answer is: yes, it does.
On what are you basing that.
Saying it means nothing
people don’t realize what it takes to ramp up pumping’
I am in Texas and understand the oil field
THIS is not a to be critical of North Dakota
but reality is more important than just saying something
1) North Dakota has massive untapped reserves
2) the US oil industry has the expertise and resources to substantially increase production
3) federal regulations substantially impede the oil industry from achieving US energy independence, in part, by increasing production in Nort Dakota.
There its nothing bitchy about asking a question.
Yes North Dakota has reserves. THAT is not what I am asking.
I merely asked if it had the capability the Senator claimed.
8f the regs abd impediments were lifted many states could pump enough the get us back to oil/gas independence.
I have no idea why you are so angry over a question. North Dakota is a fine state. I just asked a question.
Let it go.
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