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Indie oil hunter strikes a 'screamer'
Money @ CNN ^ | 10/13/08 | Mark Svenvold

Posted on 10/13/2008 12:02:02 PM PDT by T-Bird45

STILLWATER, OKLA. (Fortune Small Business) -- The drilling rig rose incongruously over the peaceful college town of Stillwater, Okla. It roared and screeched with activity. Roughnecks, slathered head to toe in mud, scrambled and cursed a blue streak as they threw chain and tripped out two-ton stands of pipe. D.G., a.k.a. "Stretch," a good-natured chain hand, weighed in with a salvo of riotously profane slander, largely addressed to his fellow oil drillers. It could have pinned back the ears of the most depraved drill sergeant on earth. It could have peeled paint.

"There, write that in your magazine!" he yelled with a grin.

I had joined these characters on the Stillwater Project oil rig because, against the back-drop of a global energy crisis, I was hoping to witness the moment when a rock hound named Mark Herndon found out whether he could actually strike oil by drilling horizontally beneath a small Oklahoma city.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Oklahoma
KEYWORDS: boonepickens; directionaldrilling; energy; entrepreneur; oil
Great article on how innovation in finding and tapping oil reserves can address energy needs while technology can work on new energy possibilities. Of course, I also like that it features my home state and my alma mater, Oklahoma State University, which will receive royalties from this new oil well.
1 posted on 10/13/2008 12:02:02 PM PDT by T-Bird45
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To: T-Bird45

Great article. How come he didn’t say he was going to drink Pickens’ milkshake?


2 posted on 10/13/2008 12:08:18 PM PDT by jessduntno (Good Grief.)
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To: T-Bird45

Quick! Congress must ban drilling on that site!


3 posted on 10/13/2008 12:09:03 PM PDT by nickcarraway
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To: T-Bird45

Nice game by `pokes, Robinson & Co. vs. Tiggers.


4 posted on 10/13/2008 12:12:35 PM PDT by tumblindice ("I Got Wood" .......Treebeard)
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To: T-Bird45

A true American with a “Can -Do” attitude, not like Pelosi, Reid and Obamugabe and their “No Can Do” attitude..........


5 posted on 10/13/2008 12:13:13 PM PDT by Red Badger (My wallet is made out of depleted you-owe-mium........)
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To: T-Bird45

To me what was fascinating here is what a basic crap shoot drilling for oil is. A real gamble. You try to reduce the risks, but up to the very moment of truth, it still is a gigantic gamble. Oilmen deserve the profits they make considering the risk they take to find the oil. This was a real eye opening view of what it takes to “strike oil”.


6 posted on 10/13/2008 12:16:42 PM PDT by flaglady47 (It's crunch time, folks.....)
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To: T-Bird45


Note the dips in the Carter years and rise under Reagan.
Been in steady decline since Clinton.

7 posted on 10/13/2008 12:19:36 PM PDT by Islander7 (This Atlas is shrugging!)
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To: Red Badger

Was thinkin same thing, ya know the govt needs to squash this fool!!!!!! We must not have individual entrepreneur’s, this must be squashed, did the govt provide funds?


8 posted on 10/13/2008 12:19:40 PM PDT by VaRepublican (I would propogate taglines but I don't know how.)
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To: nickcarraway

congress won’t have to. some of the local liberal nutcases from the college (Oklahoma State University) will surely put a stop to it. Boone Pickens has pumped so much money into OSU the last several years (new athletic facilities, new buildings and so on), that Okies laughingly call Stillwater - Boone’s Farm..........regards - red


9 posted on 10/13/2008 12:20:55 PM PDT by rednek (if it isn't large caliber, it isn't worth carrying)
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To: tumblindice
Nice game by `pokes, Robinson & Co. vs. Tiggers.

That was certainly great but they had me ready to climb the walls at the end on clock management. Hoping to see more of this at Boone Pickens Stadium as I am a season ticket holder.

10 posted on 10/13/2008 12:21:39 PM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: jessduntno

He is.

He is drilling a horizontal well beneath Boone Pickens Stadium.


11 posted on 10/13/2008 12:33:14 PM PDT by thackney (life is fragile, handle with prayer)
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To: T-Bird45

How can I get me one o’ them in my backyard - is SW MO a good place?


12 posted on 10/13/2008 8:39:13 PM PDT by GnuHere
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