Posted on 01/12/2016 12:57:29 PM PST by thackney
While the mechanisms of production are different, the result, decades of low flow production is not.
“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.
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.
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?
I’m confused. Are you comparing or contrasting fracking wells with conventional wells?
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.
contrasting.
Do you have a specific question?
“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.
$10 oil will destroy the economy.
You need to come down here to the oil patch and say that. You really can’t fix stupid.
Tell that to the unemployed oilfield workers. You may get your tune changed.
That was a specific question. Congrats on your first month at FR. You might be a little less condescending.
So will offshoring manufacturing destroy the economy?
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.
Why does the EPA require wells be plugged when not in service?
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.
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.
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