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'Sky-High' Oil Prices to Last Until 2020
Aftenposten ^ | 11 Apr 2008 | staff

Posted on 04/12/2008 7:20:50 AM PDT by kellynla

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To: Smokin' Joe
The last time someone invested a chunk in that, Unocal (iirc), eventually left Parachute, CO with their tail between their legs.

Keep in mind Exxon was there because of the government subsidies. It was an uneconomic process at the time. Without tax-payer dollars, they never would have been there at that time.

When the subsidies ended, so did jobs. Always a bad way, having politicians selecting technologies.

121 posted on 04/13/2008 6:24:53 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I was in the area in the early ‘90s working Cozette/Corcoran sand horizontal wells south of Rifle. The area was fairly well hurting then, relative to the rest of the State. The shale boom had busted...raw deal for the folks who worked there. (Isn’t it always). Wait until the Ethanol boom goes flat (or gas hits six bucks when the subsidies come off).


122 posted on 04/13/2008 6:29:21 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: Smokin' Joe

Actually, those ROP’s are quite normal, we are finding. The density of the sand and limestone is much higher than the Sydney area. (40 miles west on 201) It also is hard to get much background isolation using invert. Everything comes across the MWD gama as one hydrocarbon, if you know what I mean. Our normal background is steadily 4 to 6 thousand units and we have to flare continuously. Trips are also a nightmare. We have to spot 13# mud above the curve to hold it. When we get back on bottom, it’s a full blown kick/emergency and the flares are SPECTACULAR! (50 to 100 feet.)

We have to use a double membrane rotating head to hold it and we must go through the annular preventer and choke to handle the initial flow when we break circulation. It truly is wild........

We achieved those ROP’s ( 40 to 70 fph in the Sydney area) using 9.6# Salt water. Here is much different. Because of the high gas content, we have to use Invert with a YP of at least 14 to stabilize the sands. Our ROP suffers as a result. But what we are finding is that this method is worth the wait.

Of course now we use 29# on the intermediate, but back then,(’80’s) they had lots and lots of cheap casing available because of the Oil field depression going on
At that time, I was in Prudhoe Bay for BP. then.


123 posted on 04/13/2008 6:41:48 AM PDT by PSYCHO-FREEP (Juan McCain....The lesser of Three Liberals.")
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To: PSYCHO-FREEP
We were cutting our laterals with CaCl2 water, in the 11# range and up. Rotating head was a must ($1800.00 for a rubber?), we had the 'nightlight' on almost full time over there, and trips were a thrill. We'd circulate a few times on the way to bottom just to break it up, after we displaced the really heavy stuff out of the vertical leg (CaBr brine on one well).

The payoff is in getting p-rates of 20-30 ft/hr in zone--but remember, we could get a six inch bit through, and that means a bigger mud motor, too. We were also running hole lube and sweeps to clear out the bedload. Still, it is a bunch slower over there.

I've seen sprints of 1800 ft/day over here in the lateral, 3500 in 2 days (and then we ran out of lease).

The bottom line, though, is whatever works and makes a good well. As for hard and fast rules, the more I learn, the less I know.

Places over there do not have a well defined clean streak on the Gamma Ray log, and the MWD logs don't quite look the same as the old open hole logs, with thinner (as a rule) or inconsistent low GR stringers. You have to get creative on occasion to keep in the good stuff. Use all the available data, especially what the samples tell you, and you can do pretty well.

It sure is a bear to try to get invert off the samples in the lateral though, especially when you get out a ways and everything is milled to powder. That is where the brine really makes the job easier for us rockhounds.

124 posted on 04/13/2008 7:04:29 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: AmericaUnited
Rats! A pure cut and paste arror that was then sent to the wrong party.

Very sorry about that. (mutter, grumble...)

125 posted on 04/13/2008 10:09:18 AM PDT by SAJ
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To: antivenom
How quickly or cheaply could you convert your existing house to “solar power”, where everything in your home is committed to the solar power grid system in your home?,/i>

Once again, you make the mistake (that I was trying to point out) of extrapolating today's technology 20 years into the future. Now as far as solar goes, there are some very promising developments in thin film solar cell technology that will bring the costs down to feasible, cost competitive levels.

This article is about oil being at $100+ till the year 2020. I say that is crap! Many experts feel that oil should be at about $70 according to the fundamentals. Let some of these new technologies kick in over the next 5 years and see what happens. Hint... The price is going down.

126 posted on 04/13/2008 4:08:02 PM PDT by AmericaUnited
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To: antivenom
Assume that the “?,/i>” worked above when reading... :)
127 posted on 04/13/2008 4:12:09 PM PDT by AmericaUnited
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