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New Drilling Method Opens Vast U.S. Oil Fields
ap ^ | February 10, 2011

Posted on 02/16/2011 1:14:34 PM PST by george76

A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude. Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day -- more than the entire Gulf of Mexico produces now.

...

In the Bakken formation, production is rising so fast there is no space in pipelines to bring the oil to market. Instead, it is being transported to refineries by rail and truck... Unemployment in North Dakota has fallen to the lowest level in the nation...

The Bakken and the Eagle Ford are each expected to ultimately produce 4 billion barrels of oil. That would make them the fifth- and sixth-biggest oil fields ever discovered in the United States. The top four are Prudhoe Bay in Alaska, Spraberry Trend in West Texas, the East Texas Oilfield and the Kuparuk Field in Alaska.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; US: Alaska; US: California; US: Colorado; US: North Dakota; US: Texas
KEYWORDS: bakken; drill; drillbabydrill; drilling; energy; fracking; frakking; gas; nd; oil; oildrilling

1 posted on 02/16/2011 1:14:36 PM PST by george76
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To: george76
This could help America!

Look for Obama to ban it.

2 posted on 02/16/2011 1:17:17 PM PST by Lazamataz (If Illegal Aliens are Undocumented Workers, then Thieves are Undocumented Shoppers.)
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To: george76

Drill, baby, drill!!


3 posted on 02/16/2011 1:17:29 PM PST by Jim Robinson (Rebellion is brewing!! Nuke the corrupt commie bastards to HELL!!)
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To: george76

SHHHHHHHHIIISHHH! Loose lips sink drill bits!


4 posted on 02/16/2011 1:17:52 PM PST by Wilum (Never loaded a nuke I didn't like)
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To: Lazamataz

It’s in North Dakota, not one of the 57 states.


5 posted on 02/16/2011 1:18:50 PM PST by BenKenobi (Don't expect to build up the weak by pulling down the strong. - Silent Cal)
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To: george76

peak oil anyone?


6 posted on 02/16/2011 1:19:42 PM PST by beebuster2000
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To: Pride in the USA; Stillwaters

Ping!!


7 posted on 02/16/2011 1:23:17 PM PST by lonevoice (Where the Welfare State is on the march, the Police State is not far behind)
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To: Lazamataz

Same with New York State. The Southern Tier of NY sits on top of the Marcellus Shale Formation but the State won’t allow the drilling for natural gas!


8 posted on 02/16/2011 1:24:42 PM PST by rochester_veteran ( http://RochesterConservative.com/forums/ Rochester NY's Conservative Forum)
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To: george76

Frackling is a big bone of contention around here.. many farmers have allowed this and had flammable “water” coming out their faucets from their well water. .

Buffalo has just passed an ordinance against it.. but it is getting a big push on local TV showing the method being done in Penn.

I would not want it done on my land.. I do not think it is YET perfected ...But I hope they get it soon, because we need ways to tap our own resources


9 posted on 02/16/2011 1:26:08 PM PST by RnMomof7
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To: Lazamataz

After what the Country goes through over the nx year or so, Big “O” will be the one screaming “Drill Baby Drill”.


10 posted on 02/16/2011 1:26:37 PM PST by Eska
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To: george76

Uh oh, the muslim brotherhood won’t like this. They’ll be on the phone to Barry quick.


11 posted on 02/16/2011 1:26:41 PM PST by ReneeLynn (Socialism is SO yesterday. Fascism, it's the new black. Mmm mmm mmm...)
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To: RnMomof7

I’d want it. Let those profits roll into my bank account. I’d buy bottled water.


12 posted on 02/16/2011 1:28:27 PM PST by ReneeLynn (Socialism is SO yesterday. Fascism, it's the new black. Mmm mmm mmm...)
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To: george76

We also have enough gas in the Marcellus shale to last us 300 years.

The enviroweenies and their Dummycrat allies in PA are trying to ban drilling for it.


13 posted on 02/16/2011 1:29:26 PM PST by Emperor Palpatine (I'm shocked! Shocked to find out that gambling is going on in here!)
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To: george76

I wonder how they are operating in the East Texas field. I do know that when the field was developed drilling techniques were awful. Salt water encroachment began almost immediately and wells were so densely drilled in and around Kilgore that the field was virtually cut in two. There is still a lot of oil mixed with water in the formations.


14 posted on 02/16/2011 1:29:40 PM PST by RobbyS (Pray with the suffering souls.)
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To: george76

Don’t confuse Bakken shale with Ghawar limestone resevoirs, one can have wells producing thousands of barrels of oil a day the other maybe hundreds with a quick decline rate.


15 posted on 02/16/2011 1:30:31 PM PST by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: Eska

That’s exactly what he wants. he wants us all driving lil’ electric pieces of crap, taking his high-speed choo-choos, or walking.

The enviroweenies want us to go back to 1850


16 posted on 02/16/2011 1:31:35 PM PST by Emperor Palpatine (I'm shocked! Shocked to find out that gambling is going on in here!)
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To: ReneeLynn

I am not nuts about living on a ticking bomb :)


17 posted on 02/16/2011 1:34:35 PM PST by RnMomof7
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To: george76

I’m sure the enviros will ‘find’ something like a bird that looks pretty much like all the other birds of a certain type that has an abundant population, declare it a separate species, call it something like the Northern West Fork, East Bank, Conglomerated, Long-Tailed, Pin-Striped, Split-Footed, Night-Eyed, Black-Beaked, Recessed Winged, Riparian Prairie Skipper and proclaim it endangered, spread some feathers around so they can multiply it’s range by a factor of 10 and call that it’s ‘habitat’ and lock up several states to any kind of oil development.


18 posted on 02/16/2011 1:39:28 PM PST by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: RnMomof7

I’m surrounded by gas wells. NOT on my property dang it! This area is ripe with them. Haven’t heard any complaining locally.


19 posted on 02/16/2011 1:39:42 PM PST by ReneeLynn (Socialism is SO yesterday. Fascism, it's the new black. Mmm mmm mmm...)
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To: RnMomof7

Edible Fracking Chemicals

http://www.freerepublic.com/focus/f-news/2643409/posts

Good video with data and informative animation about the process:
http://www.oerb.com/Default.aspx?tabid=336
20 posted on Wednesday, February 09, 2011 9:11:56 AM by T-Bird45 (It feels like the seventies, and it shouldn’t.)


20 posted on 02/16/2011 1:41:50 PM PST by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: ReneeLynn

I would allow ordinary drilling ,,just not fracking.. it is not perfected yet


21 posted on 02/16/2011 1:42:15 PM PST by RnMomof7
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To: RnMomof7

RE: your “frackling” (hydraulic fracturing).

“This time last year, Eric Klinger, 19, made his living delivering pizzas. His friend, Matt Bartholomew, 20, worked in a factory that manufactured pharmaceutical products. Now, after a six-month course, they work for Halliburton, driving trucks, hauling supplies and doing some manual labor at natural gas drilling sites. They both started at salaries of between $45,000 and $55,00 a year — higher than the wages of most Pennsylvanians, according to U.S. census data. “Nothing wrong with that,” Klinger said with a laugh. Added Bartholomew: “The company that we’re in with, they’re saying 30 to 40 years they’ll be here. So...”

http://www.centredaily.com/2011/02/06/2501454/workers-finding-a-future.html

Kinda depends on if you’ve already enough (or too much) money and/or are currently satisfied with your afforded lifestyle. But if you’re trying to survive delivering pizzas, it’s probably “Drill, baby, drill, and frack, baby, frack!”


22 posted on 02/16/2011 1:46:26 PM PST by flowerplough (Thomas Sowell: Those who look only at Obama's deeds tend to become Obama's critics.)
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To: george76

AWESOME! hopefully our president stays out of the way.


23 posted on 02/16/2011 1:47:30 PM PST by Persevero (Homeschooling for Excellence since 1992)
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To: george76
No doubt Obama made an urgent call to Ken Salazar at the Dept of the Interior to get crackin’ and to shut all of this foolishness down.
24 posted on 02/16/2011 1:49:31 PM PST by JPG (As WI goes, so goes the nation. Thank you, Gov Walker.)
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To: george76

The greens have already attacked this method in the as fields enlisting all the usual suspects. Trout Unlimited, The Audubon
Society Sierra Club etal. EPA is considering halting all fracking until they can determine it is 100% safe. Who would have thought this might happen?


25 posted on 02/16/2011 1:52:31 PM PST by redangus
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To: george76

Why not Oklahoma? Why! Why! Why! Pllleeeeeease drill in Oklahoma!


26 posted on 02/16/2011 2:04:15 PM PST by Bitsy ( i)
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To: george76

Jett Rink... calling Jett Rink :-)


27 posted on 02/16/2011 2:19:33 PM PST by Trajan88 (www.bullittclub.com)
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To: RnMomof7

” would allow ordinary drilling ,,just not fracking.. it is not perfected yet”

ROFLMAO. It’s been done for 60+ years.


28 posted on 02/16/2011 2:20:59 PM PST by TheThirdRuffian (Nothing to see here. Move along.)
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To: george76

This new method will be stopped because:

a. It hurts the widduw chipmunks somehow;
b. It causes global warming;
c. One of the drills will suddenly start hemorrhaging oil all over the friggin’ place and nothing anyone can do will stop it;
d. Strike.


29 posted on 02/16/2011 2:35:09 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

Who would have thought that drilling for oil would create jobs which would create economies.

Obama probably promised that oil to the Chinese.


30 posted on 02/16/2011 2:39:15 PM PST by EQAndyBuzz (The way to beat a terrorist is to terrorize him.)
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To: george76
Good thing that Ken Salazar is on our side.

/end sarcasm

31 posted on 02/16/2011 2:40:57 PM PST by GSWarrior
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To: Emperor Palpatine

“The enviroweenies want us to go back to 1850”

And then PETA will step in and say we cannot ride horses.


32 posted on 02/16/2011 2:41:02 PM PST by EQAndyBuzz (The way to beat a terrorist is to terrorize him.)
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To: george76

Well praise God!

....Wait for it...How long before Obama finds a reason to STOP it...?


33 posted on 02/16/2011 2:47:41 PM PST by patriot preacher
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To: george76

I’ll be cautiously optimistic about this technology. I don’t expect Obama would go to North Dakota and sing its praises because it’s “oil” and not flatulence powered fans off the Massachusetts coast.


34 posted on 02/16/2011 3:11:12 PM PST by newzjunkey
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To: george76
"We have redefined how to look for oil and gas," says Rehan Rashid, an analyst at FBR Capital Markets. "The implications are major for the nation."
35 posted on 02/16/2011 3:32:40 PM PST by EternalVigilance (A republic, if you can keep it.)
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To: EQAndyBuzz

The real answer is

e. George Soros decided to go long on oil futures, so needs to stop the flow.


36 posted on 02/16/2011 3:49:14 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: patriot preacher

My thoughts exactly. Obama will sneak in something to end this joy. Just like his recess appointment over Christmas were all shocking and corrupt and two of them ended the investigation of the NBP’s.


37 posted on 02/16/2011 4:37:18 PM PST by Dubya-M-DeesWent2SyriaStupid! (Obama:If They Bring a Knife to the Fight, We Bring a Gun (the REAL Arizona instigator))
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To: george76

I bet that by the end of this year, the projects will be shut down by Obama and the EPA. Unless the GOP grows some balls and shuts the EPA off.


38 posted on 02/16/2011 5:04:40 PM PST by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: george76

The EPA will put a stop to this


39 posted on 02/16/2011 6:27:04 PM PST by PMAS
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To: RnMomof7
many farmers have allowed this and had flammable “water” coming out their faucets from their well water.

Sure they have. You betcha.

40 posted on 02/16/2011 6:56:37 PM PST by hinckley buzzard
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks george76. -down with Democrats- -the Deficitocratic Party- -NPR, for example-
41 posted on 02/16/2011 7:44:32 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: RnMomof7
I do not think it is YET perfected ...

We've only been doing hydraulic fracturing of wells for 60 years. It is not specific to shale production. About 90% of all oil and gas US onshore wells will have it done sometime in their useful life.

42 posted on 02/17/2011 5:04:10 AM PST by thackney (life is fragile, handle with prayer (biblein90days.org))
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To: george76
Someone is late to the party. We've been drilling horizontal wells in the Bakken since the '80s, and the current boom started in 2000. It is still going strong, especially since the discovery that there was even more oil in the Three Forks formation, right below the Bakken.

Currently, though, the Interior Department (through the 'wildlands' edict--Secretarial Order 3310) and the EPA (through the intended regulation of hydrofracking--which is not a problem here) are doing their best to shut things down.

In addition, the EPA is refusing refinery permits, and there is always the 'cap and trade' model in the wings.

So far, the ability to wreck Bakken/Three Forks drilling has been limited because most of the land in the area is either privately owned (as are the mineral rights), or owned by the State. Thankfully, the Federally Owned portion of the area is relatively small.

Presently, the Federal Government is doing plenty to shut down the domestic oil industry, it just hasn't completely worked so far.

43 posted on 02/17/2011 7:03:20 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: RnMomof7

“Frackling is a big bone of contention around here.. many farmers have allowed this and had flammable “water” coming out their faucets from their well water. .”

BUT: Upon further investigation, it was found out that that water had ALWAYS had some methane in it, and was flammable for YEARS before-hand!


44 posted on 02/17/2011 10:05:34 AM PST by 2harddrive
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