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When stripper wells are stripped away, oil may rise
Midland Reporter-Telegram ^ | January 8, 2016 | Collin Eaton

Posted on 01/12/2016 12:57:29 PM PST by thackney

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To: doldrumsforgop

While the mechanisms of production are different, the result, decades of low flow production is not.


21 posted on 01/12/2016 2:13:51 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

“While the mechanisms of production are different, the result, decades of low flow production is not.”

Speaking as a reservoir engineer, I can say without a doubt they are not the same results.

We will see quite a different setup of strippers over the next decade.

It will be an interesting twist on how US production responds on future periods of price turbulence. As an example, a higher % of these strippers will be in the hands of larger operators in the unconventional fields, so there will be more unison on more wells than exists currently in the mom and pop operations.


22 posted on 01/12/2016 2:21:46 PM PST by doldrumsforgop
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To: thackney

A lot of stripper wells are intentionally drilled on top of the domes where the cost to drill and produce is almost nothing and there is no spacing requirements.

Some of those wells are only about 1000ft even less.

A guy where I live used a water well rig to drill them.


23 posted on 01/12/2016 2:25:39 PM PST by IMR 4350
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To: doldrumsforgop
Speaking as a reservoir engineer

I'm all for learning more. I've a couple decades in oil/gas/petrochem work but my role is always above the ground and downstream of the christmas tree.

I can say without a doubt they are not the same results.

Then I am missing the point. Certainly not the first time.

A significant percentage of our nation's oil production is in marginal wells, hundreds of thousands of them. How will adding a a couple hundred more significantly alter our market?

24 posted on 01/12/2016 2:27:32 PM PST by thackney (life is fragile, handle with prayer)
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To: doldrumsforgop

I’m confused. Are you comparing or contrasting fracking wells with conventional wells?


25 posted on 01/12/2016 2:29:46 PM PST by ozzymandus
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To: thackney

low oil prices are good for the economy:

more money in the consumers’ pocket,
transportation prices go down, goods go down
all the hundreds of products using go down.

who suffers: only the oil industry who are ready fat.


26 posted on 01/12/2016 2:33:23 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: ozzymandus

contrasting.

Do you have a specific question?


27 posted on 01/12/2016 3:03:29 PM PST by doldrumsforgop
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To: elpadre
"low oil prices are good for the economy:

more money in the consumers’ pocket,
transportation prices go down, goods go down
all the hundreds of products using go down.

who suffers: only the oil industry who are ready fat.
"

Agreed! We need to see $10 per barrel, until all of the junk debt runs out and beyond.

;-D


28 posted on 01/12/2016 3:13:03 PM PST by familyop ("Welcome to Costco. I love you." --Costco greeter in "Idiocracy," example of today's politico.)
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To: thackney

“Then I am missing the point. Certainly not the first time.

A significant percentage of our nation’s oil production is in marginal wells, hundreds of thousands of them. How will adding a a couple hundred more significantly alter our market?

After +40 years of reserves analysis and projections, I am aware of a lot of differences in a stripper conventional well and a stripper unconventional well.

The main is the estimated tail of a horizontal unconventional is a lot, lot longer than a conventional well. This means the period being a stripper well will be much longer.

In time, the % of production from stripper wells produced in this country will therefore be a lot higher than at present.

I do not wish to get into all the details of reservoir depletion between the two types of wells, but the end result is vastly different from my perspective.

How do you think the domestic oil industry will be impacted by pricing if say, over 50% of all the produced oil is from wells that are stripper? That is the impact I am attempting(poorly it seems) to describe.


29 posted on 01/12/2016 3:15:14 PM PST by doldrumsforgop
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To: familyop

$10 oil will destroy the economy.


30 posted on 01/12/2016 3:24:16 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: elpadre

You need to come down here to the oil patch and say that. You really can’t fix stupid.


31 posted on 01/12/2016 3:25:16 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: elpadre

Tell that to the unemployed oilfield workers. You may get your tune changed.


32 posted on 01/12/2016 3:56:39 PM PST by ozzymandus
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To: doldrumsforgop

That was a specific question. Congrats on your first month at FR. You might be a little less condescending.


33 posted on 01/12/2016 3:59:06 PM PST by ozzymandus
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To: SVTCobra03; doldrumsforgop; thackney
"$10 oil will destroy the economy."

True.

Oil could crash to $10 a barrel, warn investment bank bears
http://freerepublic.com/focus/f-news/3382818/posts

Link to the whole article:
http://www.telegraph.co.uk/finance/oilprices/12094394/Oil-price-could-fall-to-10-a-barrel-warn-investment-bank-bears.html

Some of the banksters, being high tech computer users and all, have implied that they can buy out and depose the old producers, employ PhD.s in the fields and do it better. Maybe the Fed will shove more debt dollars to them for that. But wait. The fun doesn't stop with nerds learning to use tools and getting into nerd fights while attempting to do real work. Don't forget the academic/government push to put more women in such jobs. We can stock up on popcorn and watch the mad, socialist/fascist follies.


34 posted on 01/12/2016 4:21:15 PM PST by familyop ("Welcome to Costco. I love you." --Costco greeter in "Idiocracy," example of today's politico.)
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To: SVTCobra03

So will offshoring manufacturing destroy the economy?


35 posted on 01/12/2016 4:24:26 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: familyop

There are hundreds of Free Traitorsâ„¢ that have told me numerous times it is evil to try to protect any US industry with tariffs, caps or embargoes for any reason at any time.


36 posted on 01/12/2016 4:27:05 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: thackney

Why does the EPA require wells be plugged when not in service?


37 posted on 01/12/2016 4:32:13 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va; thackney
"Why does the EPA require wells be plugged when not in service?"

Several reasons. For one, gas leaks from natural causes already bring a number of problems. Recent natural, periodical increases in geomagnetic field and outer core/lower mantle movements (probably causing more leakage overall) are a consideration that's often incorrectly rendered into rants masquerading as research report abstracts about anthropogenic global warming.

Also, curious folks tend to put various kinds of debris down abandoned oil and water wells--bad for everyone. Also, oil is a top security priority, though mostly privately managed. and the government likes to monitor the state of reserves with as few unknowns as possible.


38 posted on 01/12/2016 4:47:35 PM PST by familyop ("Welcome to Costco. I love you." --Costco greeter in "Idiocracy," example of today's politico.)
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To: ozzymandus

Wow, try to get something to understand and the attacks ensue.

Please try a civil approach instead, and rephrase any question, at least for my benefit.

Besides, bo matter what you might think, I have been on this site in one form or the other for a number of years. You information otherwise is skewed.


39 posted on 01/12/2016 8:59:37 PM PST by doldrumsforgop
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To: doldrumsforgop

Attacks? Please. It doesn’t look like I could get any useful information from you. As for a “civil” approach, your condescending and arrogant attitude did not go unnoticed. And your home page says you have been here less than one month. If you have a problem with that information, take it up with the moderators.


40 posted on 01/12/2016 10:05:27 PM PST by ozzymandus
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