Skip to comments.New Drilling Method Opens Vast U.S. Oil Fields
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 ...
Look for Obama to ban it.
Drill, baby, drill!!
SHHHHHHHHIIISHHH! Loose lips sink drill bits!
It’s in North Dakota, not one of the 57 states.
peak oil anyone?
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!
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
After what the Country goes through over the nx year or so, Big “O” will be the one screaming “Drill Baby Drill”.
Uh oh, the muslim brotherhood won’t like this. They’ll be on the phone to Barry quick.
I’d want it. Let those profits roll into my bank account. I’d buy bottled water.
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.
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.
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.
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
I am not nuts about living on a ticking bomb :)
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.
I’m surrounded by gas wells. NOT on my property dang it! This area is ripe with them. Haven’t heard any complaining locally.
Edible Fracking Chemicals
Good video with data and informative animation about the process:
20 posted on Wednesday, February 09, 2011 9:11:56 AM by T-Bird45 (It feels like the seventies, and it shouldn’t.)
I would allow ordinary drilling ,,just not fracking.. it is not perfected yet
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 were in with, theyre saying 30 to 40 years theyll be here. So...
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!”
AWESOME! hopefully our president stays out of the way.
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?
Why not Oklahoma? Why! Why! Why! Pllleeeeeease drill in Oklahoma!
Jett Rink... calling Jett Rink :-)
” would allow ordinary drilling ,,just not fracking.. it is not perfected yet”
ROFLMAO. It’s been done for 60+ years.
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;
Who would have thought that drilling for oil would create jobs which would create economies.
Obama probably promised that oil to the Chinese.
“The enviroweenies want us to go back to 1850”
And then PETA will step in and say we cannot ride horses.
Well praise God!
....Wait for it...How long before Obama finds a reason to STOP it...?
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.
The real answer is
e. George Soros decided to go long on oil futures, so needs to stop the flow.
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.
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.
The EPA will put a stop to this
Sure they have. You betcha.
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.
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.
“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!
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