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New Mexico’s Oil Boom Is Under Threat
Oilprice.com ^ | 27-08-2019 | Irina

Posted on 08/27/2019 3:12:23 PM PDT by bananaman22

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1 posted on 08/27/2019 3:12:23 PM PDT by bananaman22
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To: bananaman22

With the drilling technology available now I would not be surprised if wells could be drilled from the Texas side into the New Mexico deposits. Just like a crazy leftard governor to destroy her state on the altar of the global climate change religion.


2 posted on 08/27/2019 3:15:48 PM PDT by 43north (Its hard to stop a man when he knows he's right and he keeps coming.)
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To: 43north

Horizontal drilling. Pennsylvania should do it to NY where they don’t allow it either.


3 posted on 08/27/2019 3:17:55 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: bananaman22

Let the idiot do it. Then explain that to the people in one of the most poverty stricken destitute States in the union.


4 posted on 08/27/2019 3:24:19 PM PDT by Regulator
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To: 43north

With the drilling technology available now I would not be surprised if wells could be drilled from the Texas side into the New Mexico deposits. Just like a crazy leftard governor to destroy her state on the altar of the global climate change religion.
**************************************
Anyone KNOWLEDGEABLE about THE LEGALITIES OF THIS?


5 posted on 08/27/2019 3:28:32 PM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
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To: 43north

You won’t get that far into new Mexico that way. If the vertical bore is in tlTexas you’d only be able to go only almost two miles horizontally into NM.


6 posted on 08/27/2019 3:44:32 PM PDT by inchworm
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To: 43north

Uh, no. Fifty miles is a bit far.


7 posted on 08/27/2019 3:45:07 PM PDT by crusty old prospector
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To: crusty old prospector

I was not aware of the logistics. When I worked in Alaska one well was 8K feet deep and 16K long and it snaked all over the place until they got a tool stuck at 14K feet. Bummer!


8 posted on 08/27/2019 3:48:45 PM PDT by 43north (Its hard to stop a man when he knows he's right and he keeps coming.)
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To: House Atreides
Anyone KNOWLEDGEABLE about THE LEGALITIES OF THIS?

Legality may be less important than practicality. The longest reach you might expect with directional/horizontal drilling is maybe 5-6 miles (seems like I remember a 28,000 foot well offshore California?). And that's only if the target reservoir can produce enough oil or gas, fast enough, to pay the bills (drilling a deviated hole is definitely expensive). At best, you would be looking at development limited to a skinny little strip along the State border.

9 posted on 08/27/2019 3:53:44 PM PDT by Who is John Galt? ("He therefore who may resist, must be allowed to strike.")
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To: House Atreides
With the drilling technology available now I would not be surprised if wells could be drilled from the Texas side into the New Mexico deposits. Just like a crazy leftard governor to destroy her state on the altar of the global climate change religion. ************************************** Anyone KNOWLEDGEABLE about THE LEGALITIES OF THIS?

Partner, there is a lot of oil in N.M. and they have the dumbest Governor ever in this gal Michelle Lujan Gresham!

You can drill from the State of Texas to the State of N.M. thru horizontal drilling but this stupid governor of N.M. will probably drill in N.M. since there is way too much $$$$$ involved for the state of N.M. to lose, plus there is a lot of oil in N.M.

Yes, they are dirt poor in N.M.

10 posted on 08/27/2019 4:01:02 PM PDT by TheConservativeTejano (God Bless Texas...)
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To: House Atreides

Kuwait and Iraq fought over the shared Rumaila oil field in 1989, partly based on use of advanced drilling techniques to cross under the border.


11 posted on 08/27/2019 4:01:51 PM PDT by Ozark Tom
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To: TheConservativeTejano

Right now the natural gas price sucks anyhow....it might be for the long term betterment if NM tightens regs then production stalls, prices go up, oil company sues NM and hopefully by then prices go up. In the mean time go Utica shale, and the Apilachilan basin can surge ahead.


12 posted on 08/27/2019 4:15:17 PM PDT by inchworm
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To: inchworm

Eclipse Resources Corporation did a 20,803 lateral for the ‘Purple Hayes’ well about two-three year back, for the Utica.


13 posted on 08/27/2019 4:16:14 PM PDT by Ozark Tom
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To: inchworm

It’s New Mexico. You can probably bribe the Governor who forbids it, then go ahead and drill right there in NM. Have a pipe leading to Texas and pretend that’s where it was drilled.

Corruption abounds there.


14 posted on 08/27/2019 4:36:01 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: 43north
I DRINK your Milkshake!
15 posted on 08/27/2019 5:00:09 PM PDT by Chode (Send bachelors, and come heavily armed!)
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To: bananaman22

It’s simple really. Those states that don’t allow drilling or refining, NO OIL.


16 posted on 08/27/2019 5:36:12 PM PDT by Dogbert41 (When the strong man, fully armed, guards his own dwelling, his goods are safe. -Luke 11:21)
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To: House Atreides

You can only produce oil from your own lease. If you directionally drill across state lines into a lease you own you still have to pay the other state royalties, and probably also royalties to the state where the well is located. If you drill into someone else’s lease you have to pay them for the production and pay the state where the lease is located royalties. Then one or the other state will make you P&A the well at least to the lease line if not all of it.


17 posted on 08/27/2019 6:29:43 PM PDT by Cheesehead in Texas
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To: Cheesehead in Texas

Thanks...good information.


18 posted on 08/27/2019 7:06:28 PM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
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To: 43north

I am still amazed at the science behind horizontal drilling. What is more amazing is the ability to frac a horizontal well


19 posted on 08/27/2019 7:37:08 PM PDT by crusty old prospector
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To: House Atreides

My first job after graduation was as a field engineer with the New Mexico Oil Conservation Division in the San Juan basin.


20 posted on 08/27/2019 8:57:21 PM PDT by Cheesehead in Texas
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