Posted on 09/23/2013 8:27:48 PM PDT by ckilmer
Funny I don’t hear the MSM talking much about “peak oil” these days.....
Funny I don’t hear the MSM talking much about “peak oil” these days.....
........
that story died a couple years ago. I think a big peak oil web site like maybe the oil drum or some other even went out of business.
And why don’t they ever use the phrases
“recovery for Wall $treet but not Main Street”
or
“homeless problem”
or
“McJobs”
“recovery for Wall $treet but not Main Street”
or
“homeless problem”
or
“McJobs”
.........
Those words don’t fit the democrat narrative
(As it happens I think the oil patch is in the process of sparking a massive—but slow— recovery that will happen despite the Obama’s best efforts to kill it.)
Sorry I have not got back. Been busy getting ready for a trip this weekend and I am way behind.
I am not sure about the reserve count, but my paper back in ‘76 touched on the liquid gas quantities as being high and oil quantities being higher than what natural gas that would be coming out of the hole. Pumpers not required and looser formation shale than Wilcox or EF.
Play varied from 9 to 10K with some shallower strata.
I am not sure about the reserve count, but my paper back in ‘76 touched on the liquid gas quantities as being high and oil quantities being higher than what natural gas that would be coming out of the hole. Pumpers not required and looser formation shale than Wilcox or EF.
////////
How does the USGS survey below compare with your estimation? (It looks like they also had a high estimation of gas liquids —compared to oil—.... —but I didn’t understand your comparison of oil to natural gas. Does the the USGS estimation of oil and natural gas — look like ratio’s similar to your own—without worrying about absolute numbers.
In a recent U.S. Geological Survey
assessment of undiscovered, technically recoverable oil and gas resources
in Tertiary strata of onshore lands and State waters,
estimated total mean values of undiscovered resources for the Fr
io and Anahuac Formations were 172 million barrels of oil (MMBO),
9384 billion cubic feet of natural gas (BCF
G), and 542 million barrels of natural gas liquids (MMBNGL).
http://www.searchanddiscovery.com/documents/2009/10178swanson/images/swanson
Just got back from my trip and read article.
Frio data looks within reason, but Anahauc looks short and most is based on 1956 book and very little well data. Pixy dust. I believe they are selling this shale play short from conversations that I have had.
The Texas Gulf Coast will bust wide open when the infrastructure is in place. Our county, Goliad and most counties east of the the EF are dead right now, but in a year or so it will be a different story.
An oil company with foresight and some lease money can get their foot in the door now.
The Texas Gulf Coast will bust wide open when the infrastructure is in place. Our county, Goliad and most counties east of the the EF are dead right now, but in a year or so it will be a different story..,
..................
The beauty of eagle ford is that it’s about a 100 miles from all the refineries on the coast. So its cheap easy transport to the refineries there,
The Frio and Anahauc look to be sitting right under all the refineries on the coast. So transport is negligible. So infrastructure is a non issue. So the Frio and Anahauc
are not tapped now for some other reason. maybe its a matter of depth. they look to be about the same depth as eagle ford. Am I wrong about that?
hmm well it looks like in the county of refugio on the coast there once was a lot of drilling.
http://usa.indettaglio.it/eng/48/391/1348627.html
It maybe cheap, but when you are transporting 80 to 100 and in some places 120 tanker trucks on a non shouldered county road from one location your “infrastructure” takes a beating. The county roads are disappearing before our eyes.
Pipelines are going in everywhere to gathering stations to consolidate traffic but still tanker traffic is chewing up the roads. Not counting the sand trucks, cement pumpers, etc.
The infrastructure to handle the extra natural gas. What are we going to do with it. Until the refineries are capable of GTL technology we will continue to see wells not being drilled because NG is not profitable. GTL Diesel is promising and will raise NG prices making it profitable again.
Not enough manpower to do seismic, man the drilling rigs or rigs to drill the damn holes. And once they are drilled, not enough equipment or manpower to complete them.
And then we get to the damn water boards that have been set up in every county that are controlled by the Communist in San Antonio (SARA). They will be squelling like pigs under a gate when we start pumping on the tail end of the aquifer harder then what they are doing now.
You know,infrastructure.....
Depth is not the issue on the Anahuac or Frio plays.
But for now we have the EF anf Permian cooking along kicking Obama’s non-drilling agenda. Ain’t Texas great
Other than a few on FR most will not understand what you posted.
But for now we have the EF anf Permian cooking along kicking Obama’s non-drilling agenda. Ain’t Texas great,
............
Yeah, I have a couple Texas cousins who are gold bugs. I tell them they’re going to be killed by Texas. Why? because rising oil production supports the dollar by reducing the federal deficits and trade deficits—no matter how much money printing bernake does—a steady dollar kicks the floor out from under gold.
The pressure on gold is all to the downside from now on.
Yeah Texas is great and the biggest oil producer, but the nice thing about the fracking revolution is that it enables drillers to go for oil all over the USA. More than half the drilling around the world is done in the USA.
http://www.wtrg.com/rotaryrigs.html
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