From the source report, click chart for link
Posted on 12/17/2013 4:53:57 AM PST by thackney
Much of the Hydraulic Fracturing work is actually done by International Firms like Halliburton. The small independents that have driven this growth are typically not doing the fracturing themselves.
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No this is dead ass wrong. I’m shocked that you would say this. The internationals have been late to the party. They have only managed to get in by buying their way in. Fracking has been driven entirely by second tier American drillers.
Now I have to test you. What do you know about continental resources.
Halliburton has been doing hydraulic fracturing since the 1940s.
Tell what company you think does more hydraulic fracturing jobs per year.
We had one :(
I remember it constantly smelled like the belts were melting. And, for some reason, the hubcaps would fly off at the slightest bump. My brother and I took turns chasing after the hubcaps. The armrest fell off, the window crank handle broke, the heater occasionally worked.
In today’s minivan and SUV world, its hard to comprehend that our family of five would take thousand mile trips in that car.
I believe you are confusing oil production companies with well service companies.
Hydraulic Fracutring is typically done by a well service company hired to treat a well owned by the oil production company.
Halliburton has been doing hydraulic fracturing since the 1940s.
Tell what company you think does more hydraulic fracturing jobs per year.
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what country are you from?
Brought to you by the federal government - the institution that hasn’t been right about anything in recorded history!
We all know that production is a function of price. Oil recovery is a function of return on investment. As the price rises, alternatives become more viable. For example, if the major railroads switch over to using natural gas to power their electric locomotives, then the demand for diesel fuel goes down fairly significantly. They are the biggest user of diesel fuel in North America other than the US Navy. This is something the BNSF is exploring right now. If they switch, so will the UP, NS , CSXT, CN and CPRS.
Also, over the next few years we are going to see more trucking companies and local delivery companies switch over to natural gas. FedEx and UPS are already switching over. Bus companies are switching over. The postal service SHOULD switch over. It all comes down to one thing: MONEY. Is this going to increase our profit margin.
I was born in the US and most of my work has been in the US. But I have done some international oil production work, none lately.
Cruz and Palin will extend this boom deep into this Century and are any of you as sick as I am of these communist vermin and their printed lies?
It will be manmade unlike Global Warming.
This is very helpful (at least for me hopefully for others). Thanks for posting.
I have been seriously considering purchasing an electric car (all electric not hybrid) in the last month. This is/was mainly predicated on a belief I have had that the domestic oil production “bubble” would pop in the next year or so.
Now, it seems even the Feds say it will not only continue but increase up to at least 2017, with significant impacts on the price not seen until 2020. And that’s the Fed estimate, with all implied EPA agendas known. The truth of the matter is there will probably be abundant domestic oil for quite some time to come.
No sense in getting an electric car now.
Halliburton has been doing hydraulic fracturing since the 1940s............
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Yes hydraulic fracturing as been done since the 1940’s.
However the combination of hydraulic fracturing and horizontal drilling has only been done since about 2001. It was developed for natural gas in the barnet formation in Texas and then ported to Marcellus formation in PA in 2006 by purely regional American players. About 2008-9 they started experimenting with fracking oil. there were no internationals involved.
I speaking of growth rate, not absolute production.
Horizontal drilling, a very separate job from hydraulic fracturing, is also older than the shale production and not limited to the use of tight formations. We did a lot of that in Alaska to limit the production pad size while covering a far larger area underground.
About 2008-9 they started experimenting with fracking oil
You are several decades behind.
http://www.spe.org/jpt/print/archives/2010/12/10Hydraulic.pdf
Again, you are confusing oil production companies with well service companies.
When you look at the report, here is the rest of the story:
In its new long-range forecast, the Energy Information Administration projects that while wind, solar, hydropower and biomass will grow significantly over the next three decades, those renewable energy sources still will make up just a sliver — 16 percent — of the nation’s electricity by 2040.
That is higher than renewable power’s 12 percent contribution in 2012, with the EIA crediting the projected growth to federal tax credits, state mandates and, eventually, relatively low cost.
It would be interesting to learn what assumptions the EIA is making about population growth and what the impact would be if the Gang of 8 amnesty bill passes. It would almost triple legal immigration over the next 10 years to 33 million and we would be also importing 1.4 million guest workers annually.
I was born in ‘77 but I am familiar with the Pinto Pony and the Mercury version (Bobcat). When I met my wife in 1997 she was driving the cheapest version of the Ford Escort called a Pony. She still misses that car, mostly because it was a 5-speed.
From the source report, click chart for link
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