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U.S. Oil-Production Rise Is Fastest Ever
The Wall Street Journal ^
| 18 January 2013
| TOM FOWLER
Posted on 01/18/2013 4:28:46 PM PST by MinorityRepublican
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To: Erik Latranyi
I’ll bet they do. My friend who works at the refinery I described above says much the same thing. There’s zero tolerance for safety violations.
21
posted on
01/19/2013 7:43:00 AM PST
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: PA Engineer
the other thing about the cline formation is that its much cheaper to extract the oil and get it to market. by how much? not sure. they say its the oil is shallower and nicely stacked in layers. plus the infrastructure to get it to market is available. likely the innovation with reusing water will lower costs too.
22
posted on
01/19/2013 3:18:12 PM PST
by
ckilmer
To: ckilmer
the other thing about the cline formation is that its much cheaper to extract the oil and get it to market. by how much? not sure. they say its the oil is shallower and nicely stacked in layers. plus the infrastructure to get it to market is available. likely the innovation with reusing water will lower costs too.
Texas actually has many of the waste injection wells. This brings their average cost per well down substantially. In the Northeast, it adds about $800K average. We do have a substantial amount of infrastructure available for both Marcella and Utica. The problem here is the gathering lines are more like transmission.
23
posted on
01/19/2013 4:47:18 PM PST
by
PA Engineer
(Liberate America from the Occupation Media.)
To: ckilmer
Ohio seems to have plenty of oil more oil condensates. but isn’t Pennsylvania mostly about natural gas?
The point about cost is that sometime between now and 2016 the price of oil is going to swoon under supply pressure. the high cost drillers especially in the Bakken will have to lay off new drilling.
24
posted on
01/20/2013 12:03:12 PM PST
by
ckilmer
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