Posted on 08/06/2025 8:45:46 AM PDT by Red Badger
Yes, I’m ancient. It figured in a science project I did in the 1960s.
You said oil. Condensate ain’t oil. It is a gas in the reservoir. Rarely does it fetch the same price.
It did when I was in the business, a few decades ago. Maybe its different now.
Back then we called it white oil. In 1980, we were getting close to $10 per mcf and $80 per Bbl of crude. So the bigger fields were capable of enormous production. The biggest field was drilled and developed by GHK Petroleum. I worked with Bobby Hefner, who sold the idea of ‘deep gas prices’ to Jimmy Carter. We always knew there was a bunch of gas down deep, but at $.35 per mcf, it was uneconomic.
It depends on the area and if there is a refinery that can use it. It usually fetches around 80% of the crude oil price. But nonetheless, it is more valuable than the worthless natural gas. The problem is that the deeper you go, the leaner the gas. We drilled a well a few years ago down around 16,000’. It made 20 MMCFG a day. 94% methane and 6% CO2.
NGL’s trade at 40-60% of the price of crude oil. Rich gas is always preferred to dry gas, unless you can’t separate them into “white oil.”
EarEarth’s outer core is a fluid layer about 2,260 km (1,400 mi) thick, composed of mostly iron and nickel that lies above Earth’s solid inner core.
The inner core’s intense pressure—the entire rest of the planet—prevents the iron from melting. The pressure and density are simply too great for the iron atoms to move into a liquid state.Jun 11, 2024
What caught your attention first...The creatures or the woman?
Be that as it may, it doesn't change the fact that dogs that do these types of things are bored due to lack of having a job and are burning off excess energy.
They can just go to places like the Grand Canyon if they want to see old rock layers.
Google AI search results: They are about 1.84 billion years old. The youngest rock layers, forming the canyon’s rim, are about 270 million years old
https://en.wikipedia.org/wiki/Geology_of_the_Grand_Canyon_area
The commies have plenty of Cretaceous rocks. They don’t have to drill so deep. I guess they have NGO’s too and waste lots of money.
Google: Cretaceous rocks are found where in china
FTA: the team is aiming to pass through more than 10 layers of continental rock and reach the Cretaceous geological system, dating back 145 million years.
Sounds like the beginning of a low grade sci-fi movie...
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