US oil boom’s end in sight, feds say

Fuel Fix ^ | December 16, 2013 | Jennifer A. Dlouhy

[lacrew]

No, no they didn’t. An ‘occasional’ neighbor owned a VW bus. The number of neighbors who owned one would most certainly not be characterized as ‘alot’.

Trust me, I’m right on this - there are more minivans and SUV’s around today, than there were in 1974.

Its a throw away factoid, obvious to just about any casual observer. Really not worth even arguing over....really it isn’t.

I get it. Like Horshack raising his hand in the air, you couldn’t wait to ‘correct’ me and tell me there were minivans in the 1970s....without even bothering to note that I never claimed they weren’t any. Now its saving face time. Here is where you’re in luck - nobody else is reading our back and forth....so you don’t need to save face.

[ckilmer]

Companies like Halliburton, Schlumberger, Weatherford, etc. That is where most of the expertise exists and these companies already work internationally.
...............
They must be doing all their fracking work in the USA however, because there isn’t much of it being done anywhere but the USA.

[thackney]

Most yes, all no.

for example, Halliburton is fracturing in Australia and Europe:

http://www.halliburton.com/public/projects/pubsdata/Hydraulic_Fracturing/fluids_disclosure.html

The point is, it is not knowledge limited to companies that only work in the US.

[thackney]

Four companies — Halliburton, Schlumberger Ltd. (SLB), Baker Hughes Inc. (BHI)’s BJ Services unit and FTS International Inc., formerly known as Frac Tech Services LLC — provided more than half the North American fracking services last year, Spears said. Halliburton was at the top of the group with almost one- fifth of capacity, followed by Schlumberger with 13 percent, BJ Services with 12 percent and FTS with 11 percent.

http://www.bloomberg.com/news/2012-01-19/frack-market-to-grow-19-in-2012-to-37-billion-correct-.html

[ckilmer]

The point is, it is not knowledge limited to companies that only work in the US.
////////
Fracking was invented here in the USA. As well a dozen other techniques to optimize the process that have sprung up in the last five years.

That said there are plenty of foreign companies —including chinese companies — working in partnership with american companies—operating in the Baaken, Eagle Ford, the permian basin and elsewhere with the goal of learning the technology and taking it back to their home countries and elsewhere.

[ckilmer]

Your link showed that most of the fracking in the world is done in the USA where it was invented.

“In North America, which accounted for 87 percent of the fracking market last year, spending on the technique used to extract oil and gas from shale will top $30 billion in 2012,”
http://www.bloomberg.com/news/2012-01-19/frack-market-to-grow-19-in-2012-to-37-billion-correct-.html

Fracking Market to Grow 19% to $37 Billion Worldwide in 2012
By Joe Carroll Jan 19, 2012 5:34 PM ET

In North America, which accounted for 87 percent of the fracking market last year, spending on the technique used to extract oil and gas from shale will top $30 billion in 2012, said Richard Spears, vice president of the Tulsa, Oklahoma-based firm that advises about 400 oil producers, hedge funds, equipment providers and manufacturers.

[thackney]

Hydraulic fracturing has been done outside the US for many years. I don’t know why you want to pretend otherwise.

Look on page 35 & 36 of this article on the history of Hydraulic Fracturing from the Society of Petroleum Engineers.

http://www.spe.org/jpt/print/archives/2010/12/10Hydraulic.pdf

[thackney]

Your link showed that most of the fracking in the world is done in the USA where it was invented.

Yes. I haven't claimed otherwise. But much of the hydraulic fracturing that is done in the US, is done by companies with international business work. It is not a secret US technology.

[thackney]

Maybe this will help.

Fracking Firms Face New Crop of Competitors
http://online.wsj.com/news/articles/SB10001424127887323300004578555743698255254

Schlumberger Ltd., Halliburton Co. and BJ Services, a company that is now a subsidiary of Baker Hughes Inc. once did nearly all the hydraulic-fracturing work in the U.S., helping energy companies unlock previously unreachable oil and natural gas in shale formations and ushering in a boom in domestic energy production.

But their profits attracted competition and spurred the construction of new fracking fleets by independent companies. Now their share of the market for pressure pumping—the main step in the fracking process, in which water and other materials are injected into a well to break apart rock formations and unleash oil or gas—has dropped off as smaller, cheaper competitors have proved they could do similar work.

[ROCKLOBSTER]

you couldn’t wait to ‘correct’ me and tell me there were minivans in the 1970s

Nope, the 50s, 60s and 70s.

No need for you to get ugly about it.