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Prospects good for N.M. oil, gas boom
Albuqerque Journal ^ | 3/23/13 | Kevin Robinson-Avila

Posted on 03/26/2013 9:38:47 AM PDT by pinkwill

Preliminary results from Mancos shale wells in northwestern New Mexico are boosting industry excitement about a new oil and gas boom in the region.

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


TOPICS: Business/Economy; News/Current Events; US: New Mexico
KEYWORDS: energy; naturalgas; newmexico; oil; republican; shale
Companies must learn a lot more about the shale formation before any gushers explode, but some of the 22 exploratory wells drilled to date have shown solid commercial potential for oil and gas production, according to industry executives who attended a conference this week in Farmington to discuss production potential in the Mancos play, a previously untapped section of the San Juan Basin....FOR THE RECORD: This story should have said two wells drilled by WPX Energy Inc. have each produced 2 million cubic feet of natural gas and are expected ultimately to produce between 5 million and 6 million cubic feet each.
1 posted on 03/26/2013 9:38:47 AM PDT by pinkwill
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To: pinkwill

I used to live up the La Plata river and still wish I was there. Back in the 1970s there were gas wells everywhere, but the last time I was there they had replaced the gas well heads with oil pumps, something I never saw back in the 1950s or 70s.


2 posted on 03/26/2013 9:53:42 AM PDT by Ruy Dias de Bivar (CLICK my name. See the murals before they are painted over! POTEET THEATER in OKC!)
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To: pinkwill

This nation is literally submerged in its energy sources. We can run for hundreds of years on our oil, gas and coal reserves. The Ludite Libs want everyone back into caves. Everyone but themselves that is. Off to the Hamptons for them.


3 posted on 03/26/2013 9:53:57 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: pinkwill

“....a new oil and gas boom in the region.”

.
Oh no, not again!

Aren’t we supposed to run out of hydrocarbons and have to depend on solar and wind energy? Heaven help us.


4 posted on 03/26/2013 9:57:26 AM PDT by 353FMG ( I do not indicate whether I am serious or sarcastic -- I respect FReepers too much.)
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To: pinkwill

I hear on local news that up in Traverse City MI a number of wells are being drilled looking for Nat-Gas.....


5 posted on 03/26/2013 9:58:13 AM PDT by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Ruy Dias de Bivar

Back in the 50’s and 60’s much of the gas was being flared and we were more interested in liquid hydrocarbons.


6 posted on 03/26/2013 9:59:44 AM PDT by 353FMG ( I do not indicate whether I am serious or sarcastic -- I respect FReepers too much.)
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To: pinkwill

Illinois has some possible plays in the southern part of our state. We’re desperate for cash and jobs. Will our Dems be pragmatists or liberals on fracking?


7 posted on 03/26/2013 9:59:45 AM PDT by 1010RD (First, Do No Harm)
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To: pinkwill

It’s too hard to drill in NM.

The BLM owns everything.


8 posted on 03/26/2013 10:00:03 AM PDT by TheThirdRuffian (RINOS like Romney, McCain, Dole are sure losers. No more!)
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To: 1010RD
Will our Dems be pragmatists or liberals on fracking?

Liberal and you will be like NY is to PA, So does that mean their is some in Indiana?....

9 posted on 03/26/2013 10:04:36 AM PDT by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Ruy Dias de Bivar

Come back, please. We need all the conservatives we can get.


10 posted on 03/26/2013 10:06:40 AM PDT by laplata
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To: Ruy Dias de Bivar

Most are coal bed methane wells that make considerable amounts of fresh water so they have to be pumped to produce the gas.


11 posted on 03/26/2013 10:16:44 AM PDT by crusty old prospector
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To: TheThirdRuffian

BLM owns too much but not everything.

There are currently 80 drilling rigs working in New Mexico. Which is about half the number in North Dakota and a tenth of those in Texas.

ROTARY RIGS RUNNING - BY STATE
MARCH 2013
http://files.shareholder.com/downloads/BHI/2187729679x0x647891/67076A96-3EA8-48B4-9C9C-2328389C98ED/Rigs_by_State_032213.pdf

Interactive US Rig Count Maps
http://gis.bakerhughesdirect.com/RigCounts/default2.aspx


12 posted on 03/26/2013 10:18:25 AM PDT by thackney (life is fragile, handle with prayer)
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To: pinkwill

Unfortunately for the short term, this is a gas play and the US is awash with gas from all of the other shale plays ongoing. It will be a few years before large scale development takes place. But just like in the People’s Republic of New York, it ain’t going anywhere and since it mostly is on federales land, mineral owners aren’t getting hosed like in Bloombergistan.


13 posted on 03/26/2013 10:20:00 AM PDT by crusty old prospector
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To: thackney
This is a good one, too but no interactive map.

United States Drilling Rig Report

14 posted on 03/26/2013 10:25:23 AM PDT by crusty old prospector
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To: crusty old prospector

Thank you for that.

Baker Hughes provides not only breakdown by state but gas vs oil with some historical values.

I had not seen a breakdown by company before like you listed.


15 posted on 03/26/2013 10:31:38 AM PDT by thackney (life is fragile, handle with prayer)
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To: crusty old prospector

Frac Stack Blowout In Texas Panhandle-Amazing Photos
http://www.drillingahead.com/page/frac-stack-blowout-in-texas-panhandle-amazing-photos

THANK YOU again for that link. Lots of good stuff found there.


16 posted on 03/26/2013 10:35:09 AM PDT by thackney (life is fragile, handle with prayer)
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To: pinkwill

Is it enough? I recently heard the statistic that we still import 40% of our crude oil, with no end to the imbalance in sight, even with all of the new drilling...


17 posted on 03/26/2013 10:36:16 AM PDT by SteveH (First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
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To: thackney

I bet that woke up the engineer in the truck. Sounds like he just got a headache for his troubles. Nice to see snow on the ground in the Panhandle to help ease the drought.


18 posted on 03/26/2013 10:41:40 AM PDT by crusty old prospector
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To: thackney
It is pretty accurate. I have found that it occasionally misses some of the smaller rigs, like the one that just drilled a well about a mile from my house.
19 posted on 03/26/2013 10:43:18 AM PDT by crusty old prospector
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To: TheThirdRuffian

Isn’t a lot of that area Navajo reservation?


20 posted on 03/26/2013 11:04:34 AM PDT by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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To: Colorado Doug; TheThirdRuffian

It is more BLM than I realized. I guess they are drilling in all those holes the BLM missed that show up on the map below.

FEDERAL LANDS AND INDIAN RESERVATIONS
http://pearce.house.gov/sites/pearce.house.gov/files/NMLayout_0.pdf


21 posted on 03/26/2013 11:20:15 AM PDT by thackney (life is fragile, handle with prayer)
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To: Colorado Doug

Sure. The Mescalero (of which my wife is a born-on-rez variety), however, are pretty darn pro-business.

It’s been a huge fight, however, to let the tribes lease privately and on their own terms. Obama has pretty much put a stop to it.

With Washington “help” a

3 year primary term lease,
with continuous drilling to hold each pro-ration unit,
1/4 royalty,
and $500/net mineral acre bonus

becomes a

4 year primary erm lease,
with really weak continuous drilling,
1/5 royalty,
and Washington keeps the bonus money for the privilege of forcing down a bad deal (not to mention fees it steals from the royalty).


22 posted on 03/26/2013 11:28:54 AM PDT by TheThirdRuffian (RINOS like Romney, McCain, Dole are sure losers. No more!)
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To: TheThirdRuffian

Thanks for posting that I had no idea that obama could interfere on Reservation land too. I thought that was supposed to be for the Navajo People to decide. Of course, I thought that we were a nation of laws too.


23 posted on 03/26/2013 12:01:28 PM PDT by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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To: pinkwill

Part of me wishes that billions of dollars of oil and gas are found under Native American Reservations so they will turn to drilling to make money and stop prostituting themselves with all those casinos.

Unfortunately, I’m guessing they would end up doing both.


24 posted on 03/26/2013 12:09:46 PM PDT by Marko413
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To: Colorado Doug

Sometimes they can, sometimes they can’t.

It’s a befuddling mess, and the BLM will forbid things it doesn’t have jurisdiction over, and fine the tribe and the oil operator.

Just a morass of idiots.


25 posted on 03/26/2013 12:11:42 PM PDT by TheThirdRuffian (RINOS like Romney, McCain, Dole are sure losers. No more!)
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To: Marko413

The Mescalero Rez sits on a bit part of the Delaware basin.

Oil companies want to drill, natives want the work (from being a roughneck, to selling food and hotel rooms to rough necks to helping liberate roughnecks of checks at the Casino!)

Washington masters interfere.


26 posted on 03/26/2013 12:13:13 PM PDT by TheThirdRuffian (RINOS like Romney, McCain, Dole are sure losers. No more!)
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