fyi
It’s the next BLM turtle grazing area!
Peak Oil. Riiiiiight!
liberals’ heads will explode!
Bump
But you have to be careful. So many guys were "the next Willie Mays."
OPEC is so screwed.
We are headed towards energy independence. Especially if we start encouraging liberals to self-deport. Maybe we can persuade them to move to Germany and enjoy all that wind power (when the wind is blowing) and all those solar panels (when the sun is shining). Just don’t tell them that Germany’s “greening” involves burning a lot of extra coal. We don’t want to slow their departure down, don’t want the door to hit them in the butt.
I wish my state of Georgia was blessed with petroleum resources.
A teeny, but not yet profitable area supposedly sits up in our northwest corner around Chattanooga.
I think the areas off of our coast are still undetermined and unexplored.
All we have here in abundance are kudzu, red clay, and gnats.
We Americans could consume 7 billion barrels at the current rate in about one year. We consume approximately 19 million barrels per day.
Imagine an energy boom w/o ethanol scams or commies.gov extortion !
Is this oil that flows naturally, or does it require EOR techniques?
Gas $3.799 in some small towns on the Rockies, and it usually goes way up after Memorial Day.
What does your unidentified sources say about this play?
Surely they are dropping confidential tidbits your way.
“Early estimates suggest that this oil rich region could contain 7 billion barrels of recoverable oil….”
That’s a good thing alright — but, for some perspective, the Alberta oil sands have 175 billion barrels of proven reserves (and as much as ten times more, depending on advances in extraction technology). Just a pipeline away from you.
I can verify those production rates, Centerpoint Field Services is there, they bought a small gathering field from Mark West with the hopes of laying lines to each oil well and gathering their flare gas which runs about 1800 BTU’s. Installing a Cryo and stripping the rich gas. So far as the article said there is very little gas, about 35 thousand cubic feet per well after producing for a while. The oil rates are holding up very well also
Pelican Brief