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Posts by EERinOK

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  • Vanity: Opinion/Experience with PC-Matic - is it good?

    03/23/2015 5:35:36 PM PDT · 17 of 38
    EERinOK to Maceman

    CCleaner from Piriform is freeware, cleans up registry, temp files etc.

    that and the free version of Avast antivirus and you are pretty good to go.

    you can do most of the things you can also do in windows system tools from the program as well.

    as another poster also said, getting rid of all the junk toolbars and stuff is a great place to start too, and CCleaner interface does that too, although I prefer to use windows uninstall myself.

  • Sunday Morning Talk Show Thread 16 November 2014

    11/16/2014 9:49:43 AM PST · 148 of 169
    EERinOK to Morgan in Denver

    I am pretty sure Langford’s first run was for GOP Mary Fallin’s vacated seat as she ran(and won)OK governor the first time. She just won re-election.

    I’ve live in James Langford’s congressional district. The last Dem OK congressional district 5 elected was in 1974.

    These days a D could not get elected to dog catcher in OK outside of a handful of state house minority districts around Tulsa, OKC and Lawton.

    You are right, James is pretty solid conservative. Maybe as far right as anyone incoming the next congress.

  • Failure marked Shell’s Gulf quest before massive discovery

    05/07/2014 6:12:20 AM PDT · 8 of 14
    EERinOK to servantboy777

    I don’t like the fact gasoline is $3.50 either.

    But we are finding oil in a lot of places in the US & its waters because oil price is high. If oil price were not up around $100, or at least $70 to $80, almost none of these places we’ve boomed in oil the last 10 years would ever get explored with actual wells drilled, let alone exploited. The finding and developing cost is very high in deep waters and from very low permeability rocks onshore.

    On the other hand, the middle east oil fields are pretty well known, simpler to locate sweet spots, and have two things we do not in abundance; tremendous permeability, 100 to 10,000 times that of an Eagleford (TX) or Bakken (ND) reservoir. Their fields are often also under a lot more pressure, up to 2-3 times ours in cases. F & D costs are vey low there.

  • Fracking Insiders See No End To Boom

    05/04/2014 5:38:50 PM PDT · 19 of 29
    EERinOK to SomeCallMeTim

    Hydraulic fracturing is currently a very widespread and growing practice in the US, Canada, Mexico, Argentina, Russia, China and Australia.

    It’s present a growing slowly in Europe (Poland, Germany, UK, Romania), India, N Africa and the middle east.

    It’s not necessary in higher permeability reservoirs in places like offshore gulf of Mexico, Brazil, E Africa, etc.

    China and Mexico will probably see the most growth this decade.

  • Fracking Insiders See No End To Boom

    05/04/2014 5:38:46 PM PDT · 18 of 29
    EERinOK to SomeCallMeTim

    Hydraulic fracturing is currently a very widespread and growing practice in the US, Canada, Mexico, Argentina, Russia, China and Australia.

    It’s present a growing slowly in Europe (Poland, Germany, UK, Romania), India, N Africa and the middle east.

    It’s not necessary in higher permeability reservoirs in places like offshore gulf of Mexico, Brazil, E Africa, etc.

    China and Mexico will probably see the most growth this decade.

  • US scientists deplore ‘innovation deficit’

    03/09/2014 8:39:14 PM PDT · 17 of 46
    EERinOK to ckilmer

    I assume it is true. those that subsist on grants are crying for more grants.

    the part that is not at all true is that the 1979 DOE study spawned the shale gas and oil revolution.

    the wells completed in that time with DOE funding were found to rely almost entirely on natural fracture porosity and permeability, which is a production enhancing natural feature, but not mandatory for commercial production.

    decades of private enterprise and billions of private funds risked spawned the shale boom, not 6 guys with some grant money. hydraulic fracturing was around for over 30 years prior to that study. for a cup of coffee I or thousands of others could have explained that even though often naturally fractured but a low permeability rock, shale reservoirs require hydraulic fracturing to produce economically, basically what the 1979 DOE report states.

    what did keep shale on the radar in the late 80s and early 90s was TAX breaks for exploration. about one in 2000 wells were diligently “studied” by DOE. these tax breaks expired, but by then private industry had it figured out vertically. once married with horizontal drilling technology of the late 90s and 2000s, it went nuts.

  • Chart of the Day - The Exploding Labor Intensity of Shale Drilling

    02/26/2014 7:00:36 PM PST · 4 of 5
    EERinOK to SierraWasp

    Can you cook?

    :)

  • How Well Do You Really Understand Fracking?

    02/25/2014 5:54:46 AM PST · 36 of 40
    EERinOK to Arlis

    Granite PR is probably around 0.2. not tolerating a lot of bend before it snaps.

    there have been be instances of frac’ing granite, but not like in the simple planar fracturing sense. What would be the use? It’s very low porosity and can’t store much or any reservoir fluids. There are rare hydrocarbon deposits seeped out of sedimentary source rocks above or alongside granite. In order to store hydrocarbons, or water in geothermal heat operation, the granite must have a naturally fractured secondary porosity and permeability system in place. Granite formation frac jobs are really just injection to sweep reservoir damage from drilling out away from the wellbore. There may occur induced fracture components in the process, but likely not the main objective.

  • How Well Do You Really Understand Fracking?

    02/24/2014 7:58:00 PM PST · 33 of 40
    EERinOK to Arlis

    In the absence of tectonic forces, Pressure to maintain an open vertical fracture the rock, (PR/(1-PR))X(Sig V - Pres) + Pres

    where PR = poissons ratio of material = lateral strain/longitudinal strain under longitudinal applied stress. about 0.15 to 0.25 for hard sedimentary sandstone reservoir rock, higher for limestone and shale.
    Sig V = vertical stress, aka overburden. basically pressure exerted by overlying rock. 1.1 to 1.15 psi/ft
    Pres = Pressure in the reservoir pore space, normal is 0.43 to 0.45 psi/ft, water gradient

    it gets more complicated for laminated rocks, grains laid out more like plywood than bound spheres in a sandstone or silt matrix. one must apply variability of horizontal properties (parallel to bedding) and vertical properties (perpendicular to bedding). you can get close on the low side with general isotropic equation above.

    induced fractures are almost always vertical, as the horizontal stresses in the earth are almost always less than overburden. Vertical growth stops when layers with stress higher than is within the fracture is encountered. you can build pressure in the fractures exceeding frac pressure which induces greater width. generally extending fracture length is the easier path than creating large widths. widths are on the order of 0.05 to 0.25 inch.

    breakdown pressure, necessary to get a fracture started is higher than fracture pressure. usually by a factor of 1.1 to 1.4

    so without spending a million or ten acquiring data, usually around 0.55 to 0.80 psi/ft (vertical feet depth)plus all the friction getting the fluid down there. 5000 psi in shallow basins is common (8000’ or less) 10,000 in deeper basins and 12,000+ psi in deep basis with high reservoir pressure. Fracs have been done over 20,000 psi at surface, but rare. the 3000 psi job mentioned was probably on what’s nicknamed a post hole, under 3000’ deep.

  • Weekly Natural Gas Storage Report [For 2-14-2014]

    02/20/2014 6:52:35 PM PST · 11 of 12
    EERinOK to Attention Surplus Disorder

    There is spare pipeline capacity in dry gas producing basins, built up in the 2005-2008 price run up. Projects in progress continued, but a lot of new un-started lines got nixed. Then the second price crash of 2010 came along and curtailed drilling severely in those basins. Normal expected production decline rates ensued and have for a couple years now, leaving room to get rates back up quickly.

    Where the natural gas transport infrastructure is lacking badly today is in oil production basins not keeping pace with the overall rate of increase in production. You can truck that oil around, not the natural gas. they are jumping to catch up though. You can burn money faster flaring gas than you can build a pipeline to sell it, even at depressed gas price. Most states limit how much and how long an oil well can flare, so if you hit the limit, you can’t produce your oil either.

  • Weekly Natural Gas Storage Report [For 2-14-2014]

    02/20/2014 6:39:20 PM PST · 10 of 12
    EERinOK to Attention Surplus Disorder

    I agree natgas price will fall in the spring injection season. Lessons learned from the last couple price cycles and the many wells choked back from full potential will moderate radical price swings up and temper sustained $5+/mmscf this time around. There is a floor to storage though that if exceeded, storage reservoirs get damaged by water influx. The gas storage operators might be getting close to risking decreased future capacity or higher injection costs if they pull it too down too low. I don’t know what that bottom storage level number is. EIA spreadsheet does not go back long enough to really see any consistent absolute bottom line.

    Resource re-allocation to oil and rich gas with liquid yield basins might prevent the level of replacement well drilling in the dry gas basins to make up the need. $4 floor in 2014? maybe.

    My employer’s analysts more often get it wrong than right. They are saying price will not make a serious rebound anytime soon, not in 2014 anyway. $6 today is already a major rebound, if followed by a $4 summer floor, it’s definitely a solid bump from $2-$3.50 for years.

  • NBC: Married with Child 'Alternative Lifestyle'

    02/20/2014 5:54:01 PM PST · 9 of 37
    EERinOK to 2ndDivisionVet

    Spending a day with pajama boy would likely turn me into islamic rage boy. If ever released decades later into the new USSA, I would then become looter guy.

  • Q&A: Oil field leftovers don’t go to waste

    02/10/2014 8:37:40 PM PST · 22 of 22
    EERinOK to Dusty Road

    I am tying to figure that out too.

    I just roughed out 10000 feet of 8.75” hole and another 10000 feet of 6.25” hole, recovering say 100% usable rock. that would be a typical Bakken horizontal. One could never recover 100% of the cuttings as usable, some are ground to dust, but that might be offset by out of gauge hole.

    that’s right at 6300 ft3 of material. If the road is 16 ft wide and had 2 ft of fill, then you could make 200 ft of road. or a 60 by 60 foot pad, enough to park the drillers trailers, but not build a location.

    I am not against innovation & business ventures in the patch, but I’m really struggling with how this makes anyone a buck.

  • US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO

    01/10/2014 10:40:30 PM PST · 16 of 16
    EERinOK to ckilmer

    I am not certain since I don’t work the Permain, but did just read an interesting article in Jour. Petroleum Technology about it.

    the Permian is legacy oilfields, land positions are established and there is far less land competition since leases are held by production. so no rush by 100s of operators from majors to mom and pops, to punch a 1000 holes in the next 1-2 years.

    operators are taking a slower measured approach to locate the best of many geographic and stratigraphic targets. in a sense still exploratory, not large scale development yet.

    another reason that might have to take a more diligent quality over quantity approach is that it is oil in the rock, not gas with 50 times gas viscosity in low permeability. a bust well is true bust, total loss. at least in the gas shales and eagleford there is some gas cash flow even on marginal wells.

    once the geology is better understood, identifying where the permeability is located, it could go nuts like the eagleford & bakken. a lot of the horizontal activity is on the basin fringes, not in existing 50-60 year old depleted fields, so again, today it seems more exploratory rather than field development phase.

  • US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO

    01/10/2014 9:09:30 PM PST · 14 of 16
    EERinOK to ckilmer

    ckilmer, thanks for the near daily posts on energy topics. lately rather than peruse the usual energy/business sites, I just search energy here on FR and see what you and thackney have found.

    on the decline curve matter in shales, the article probably refers to the criticism the industry has received from allegedly inflating 30+ year recovery based on extrapolating short term (3-5 yrs) average well production. early on in the shale boom there were and still are some awful plays in certain areas, uneconomic prospects. Once wide spaced leasehold drilling slowed down a couple years ago as land positions were secured, operators stopped drilling in poor reservoir quality and focused on drilling in better reservoir quality. when you stop dragging down the average with bad wells and increase the wells in the sweet spots, the average well decline curves improved.

    on a single well basis, companies are not getting better per se at hydraulic fracturing. that technology only makes a major leap every 3-5 years, and then only limited suppliers possess the latest improvement. where people are making a lot of progress is better distributing the frac treatments along long horizontal wells exposing more productive rock to wellbores than 2-3 years ago. it’s been more the changes in the well completion process than changes to frac treatments themselves, along with the better wellsite and target selections, that improved the decline curves.

    at the same time, the completion efficiency has improved fast, addressing the well/field economics.

    The NYT did a nasty hit piece on the industry a few years back, basically calling the CEOs of shale developers con men concerning well decline curves. they had a basis for criticism with independent consultants saying truthfully that the average well production was less than advertised in stock reports and press releases. what they did not consider was the E&P companies tossed out the dog wells in their estimates, knowing where they were never going to drill those targets again and having learned from prior mistakes on wells. toss out the dogs, factor in steady improvement and all of the sudden you have better, but still steep, production declines.

    another technical development improving decline curves and recovery estimates is the understanding of phases of production from low permeability fractured horizontals and applying different math to each period. the old method of using a single equation, or 2 at most, for the whole well life just does not work. this can cut both ways.

  • Heavy gunfire heard in Libya's capital Tripoli

    11/04/2013 7:00:58 PM PST · 28 of 30
    EERinOK to expat2

    or maybe it’s just someone’s wedding, or your average run of the mill middle east Monday afternoon death to America pep rally

  • Media blackout: Nurse shot to death on the streets of Memphis

    08/13/2013 10:01:08 PM PDT · 28 of 54
    EERinOK to xp38

    That is an awesome map. My mother in law’s home is in the lower left corner, safe.

    I do not venture into city center of Y-town anymore, have not since I got my marriage license at the courthouse downtown 22 years ago.

    I was unaware Poland had gotten that bad.

  • Studying the Eagle Ford above ground {Texas oil/gas shale}

    04/16/2013 7:13:23 PM PDT · 3 of 3
    EERinOK to thackney

    doesn’t look much like shale there

    maybe that’s beacuse it is majority by volume carbonate.

  • Fracking foes in California win in court

    04/09/2013 9:25:42 PM PDT · 15 of 16
    EERinOK to thackney

    Mr. thackney

    You are without question the go to man on oil and gas at FR. Your posts obviously demonstrate an understanding of decline curves and the D&C pace required to maintain production rate.

    Have you checked out the public data on the Monterey? It’s sparse compared to the Bakken, but the curve might not be as steep in the area of good wells.

    What’s been released to the public shows that batch of decent wells is pretty limited to the current Cal conventional reservoirs oilpatch.

    I’ve not laoded that data into analysis tools yet, just given it a cursory peek, but it looks like 1 of every 2 wells around Bakersfield are decent and the wells deliniating the play are dogs, 1 of 10 or 20 economical, assuming $8-10MM D&C cost.

    Any thoughts? I’m not investing or promoting, just curious.
    I think the Monterey is getting alot of press, but not alot of hard data to back up the technically recoverale reserves.

  • Feds probe lethal blowout in West Texas

    04/09/2013 9:02:21 PM PDT · 39 of 40
    EERinOK to Antoninus II

    me too.

    wonder how many more are freepers. i know i turned my boss onto FR. she likes it.

  • Robert Blakey: The Mafia Is Most Likely Culprit Behind Kennedy Assassination

    11/24/2012 9:35:18 AM PST · 54 of 104
    EERinOK to AtlasStalled

    I completely believe this theory connecting Oswald to the New Orleans mafia.

    The conenctions are very well laid out in Mafia Kingfish, by John H Davis. I beleive it was published in the late 80s.

    In the book he describes;
    Connections of Oswald to the NO mob, plenty.
    Connects Ruby to the mob.
    Connects people seen and photographed in Dallas near the scene back to the NO & Dallas mob.
    Set up style of the patsy parallels mob history
    Motive. It was not money, mob losses due to DOJ crackdown. Related to RFKs zealous prosecution, but for Marcello, it was personal.

    Sounds like these writers are onto the same trail.

  • CANADA WANTS U.S. VETERANS FOR PIPELINE WORK

    07/11/2012 9:15:58 PM PDT · 104 of 107
    EERinOK to wastedyears

    It’s long hours and hard work, but it is good money.

    I started out driving olilfield trucks and donig daily maintencnc on wells in the 80s. I had no clue what i was doing when i started, but it was good work for good money and grew into a career. the eduction steps came abit here an there for me, a 15 year process, but by 40 yres old I was a petroleum engineer.

    a good palce to start is rigzone.com. Jobs.

    others are weatherford, schlumberger, halliburton, baker-hughes service company websites.

    some operateing along he western NY-PA border if wanting to take a shot closer to home.

    good luck.

  • CANADA WANTS U.S. VETERANS FOR PIPELINE WORK

    07/08/2012 4:44:29 PM PDT · 63 of 107
    EERinOK to wastedyears

    wastedyears, you asked, “What are the requirements for a job in the petroleum industry in Texas or North Dakota?”

    depends on what type of work you are good at, interested or experienced, or are qualified for; If a college gradaute, obviously geology or any engineering discipline will get you in the door at many companies.

    if not a college graduate, the best way to get in the door is to acquire a commercial drivers license (CDL) to drive large trucks. nearly everythng in the land oil patch depends on trucking. alot of jobs put trucked equipment in place for days or weeks at a time that you would operate. Once that job done, you move it to the next job.

    many jos are simple trucking jobs, loading and unloading wter, sand, cemetn, pipe, other materails and driving it here to there. these pay surprisingly well too, but no as well as combination trucking and equipement operator jobs

    most, but not all drilling or service rig “rough-necking” jobs at times require you haul equipement, so need the CDL.
    good diesel mechanics are always in demand, and anyone with machine fabrication and/or welding skills is needed.

    msot companies, if you are a good candidate, will hire you and pay you to get the trucker/CDL training.
    a combination of good mechanical aptitude (or ability to learn), clean driving record (no DUIs often but not always mandatory), and the CDL opens doors to hundreds of opportunities if you have the willingness to work on hitches with only 2-3 days off a couple to 3 times a month. there are many HS graduate jobs of $60K to $100K a year jobs. above all, you have to be clean and able to pass drug screening.

  • Obama challenges oil companies to drill existing leases

    05/16/2012 6:07:28 AM PDT · 17 of 28
    EERinOK to thackney

    excellent find Thackney. as usual, you know where the sources lie in the oil and gas business in technical, regualatory and economic subject matter.

    with natural gas at $2-$2.5 per mmbtu or dry mscf and the domestic glut expected to remain for years, i’d bet that very few of those projects could be economic. I don’t beleive the pace of development, or cost of non-development is realistic either. The amount of wells they discuss, and the time frame, would require about 150 to 200 or more land drilling rigs, crews and support to materialize virtually overnight.

    who in their right mind would throw money at the western US federal properties, mostly dry natural gas, with oil and condensate rich opportunities in the Permian, Williston,
    S Texas and other basins.

    on one hand we have the feds stamping thir feet saying that big oil won’t develop and should be out there “making work”. and on the other we have big oil (small and mid sized US independents onshore) saying that they are over-regulated, and the are. If these were going to be profitable projects, they would be much more active.

  • Slice the Demographics Any Way You Want, But Obama Is In Trouble

    04/22/2012 10:49:40 AM PDT · 29 of 30
    EERinOK to Forward the Light Brigade

    I can hardly stand the sight of Mitt (as it was with McCain too), but will too hold my nose and vote for him. He can’t be any worse than Obama. No way. Obama is anti-America and anti-everything that made this county work then and now.

    If anything, seeing media and acedemia that I detest far more than Obama go into meltdown after an epic loss will be worth 4 years of a RINO like Mitt

  • Iran nuclear sites may be beyond reach of "bunker busters"

    01/12/2012 9:22:50 PM PST · 20 of 44
    EERinOK to Pox

    That is correct Pox. There is a way in and out. Power gets in.

    Why don’t the smart ones in the Pentagon just plan for destroying the power source. It takes alot of juice to run that operation, especially the centrifuges. they are piping in electricity, or generating it on site. Destroy the fuel and electric lines along with the sources. When they fix it, watch them with the eyes in the sky and destroy it again, and again.

    You could do that the old fashioned ways, carpet bomb it, or with a deluge of cruise missles.

  • John Kerry reporting for duty … to the Muslim Brotherhood

    12/15/2011 9:46:45 PM PST · 22 of 31
    EERinOK to Dogbert41

    he actually looks more normal, almost humanlike, kneeling in that bunny outfit than standing up in his everyday dress.

    but stll ridiculous

  • BP says Halliburton destroyed critical cement test results

    12/05/2011 9:32:31 PM PST · 19 of 30
    EERinOK to Deaf Smith

    Sounds like you’ve been around a cement job or two.

    What’s your opinion of nitrifying (adding compressibility) to the cement in a well full of 14+ ppg very viscous OBM. Cement has to serve two functions, 1) get the mud out by laminar displacemet requiring well tuned friction and density heiarchy and 2) set up hard pretty quick after placement.

    I seriously doubt BP did not make HAL leave a field blend around for testing. But I guess that went down with the rig. Thats the one that really matters. Everyuting else is pilot belend and not necessarily representative of actual blend, rig water & liquid adds the day, time and palce of the disaster.

    My guess, BP loses this one.

  • Keystone Pipeline: Obama Putting Off Decision Again?

    11/06/2011 6:58:14 PM PST · 18 of 18
    EERinOK to holyscroller

    holyscroller,

    who is telling you that much of Alaskan produced oil ends up overseas? they are very poorly informed, or just making it up.

  • Keystone Pipeline: Obama Putting Off Decision Again?

    11/06/2011 6:56:03 PM PST · 17 of 18
    EERinOK to Rio

    Rio,

    Refineries cost 10s of billions $ to build while capacity upgrades are in the single billion $.

    Once refined, most liquid fuel petroleum products go back into a pipeline system for distribution anyway. Trucking everything is cost prohibitive (like ethanol, corrodes pipelines).

    So if someone did build a far US or Canadian northern refinery closer to the source of crude oil, it would still need a pipeline system to distribute the fuel.

  • 'Fracking' protesters say drilling jobs not worth environmental risks

    09/20/2011 8:12:22 PM PDT · 40 of 45
    EERinOK to Figment

    First Frac job ever was in 1947

    Hundreds of thousands of wells in the US and Canada have been treated with the technique.

    Not one proven case exists the technique caused any shallow fresh water contamination.

    Poor surface handling of chemicals and fluids on the other hand, aka spills, are the most likely hazard, and a highly regulated aspect of the industry.

  • Geithner to stay on as Treasury chief

    08/07/2011 2:47:08 PM PDT · 48 of 85
    EERinOK to FlingWingFlyer

    Bingo.

    Yes, Timmy boy thought the street thought he had talent and going to pay him the big bucks. Now that it’s obvious even to him that his only talent is screwing up, he is not going to give up a job.

    He is and always will be a politically appointed hack with no track record of expereince, achievement or abilities. Just like his boss.

  • Boehner to seek smaller $2 trillion deal (Boehner Folded Like a Cheap Tent)

    07/09/2011 8:22:27 PM PDT · 16 of 98
    EERinOK to JoSixChip

    I agree it’s not time to hang all the GOP just yet, even assuming the ap report is correct.

    IF there is a deal that the rats completly LOSE on all tax increases and includes spending cuts, albeit not the $4T the GOP wanted, then it’s a win. A small win, but a win, and a start in the right direction.

    Sounds like the house GOP stood firm on no new taxes. maybe it was the rats that had to cave here and agree to spending cuts without any new taxes.

  • The Facts About Fracking The real risks of the shale gas revolution

    06/26/2011 4:38:28 PM PDT · 16 of 24
    EERinOK to pgkdan

    The biggest risk in shale gas drilling, production and Fracking is that it might increase employment, directly and indirectly, by 10s of thousands with decent and very well paying NON UNION jobs in areas of the country overrun by democrats, unions and welfare leeches. There is a reason that the enviro-wackos and democrats chose NY and PA, not TX and OK as the epicenter for their latest crusade against anything related to domestic fossil fuel development.

    Technically, the biggest risks are surface handling of materials and water, and good near surface fresh water isolation by mechanically competent casing and cementing practices. Both of these are VERY easy problems to make consistently safe, and in practice, are working 99.9% of the time today.

  • Insiders Sound an Alarm Amid a Natural Gas Rush (NY Times - 'Shale = ENRON')

    06/26/2011 4:11:44 PM PDT · 20 of 21
    EERinOK to Titus-Maximus

    There is some truth to what’s in the article regarding how shale gas wells decline relative to long term projections. We really do not know how long and how much given a short development history.

    However there is alot more to this type of analysis than just taking the average of thousands of wells, and then saying this does not add up.

    Operators are continually learning where their best and poorest reservoir quality exists and adjusting drilling programs away from poor quality and towards better quality. With most shale plays, early development requires very wide extent of drilling to determine best and worst prospects. The industry is still having to hit alot of poor wells to determine the reservoir quality extent. As plays mature, the poorer areas don’t get drilled and the better areas do, raising the recovery per well.

    Alot of these shales are economically marginal if not losing money with natural gas at $4/mmbtu (roughly $4/mscf). In 2009 at sub $3, most lost money.

    For a good example, see SWN, a nearly pure shale player. Depsite rapid well production decline, they still made money except in 2009.

    This activity is going to be around for many decades, as long as natural gas stays around or above $5/mscf. A deep recession will hurt of kill off some companies. In order for some of the more econimically challenging plays to survive, natural gas needs to be $6 or $7/mmscf. The only things that will cause that is large scale movement of both transpotation and electricity generation to natural gas, a US econimic boom, or both.

    There will be winners and losers in this just like anything else. It’s the modern day gold rush. Some prospectors will win big and some will lose it all. The guys selling picks, shovels, tents and food are going to win either way (service & supply companies, drillers, hotels, truckers, etc).

    The old gray whore, as usual, is taking the absolute worst case scanario, everyone is losing and it’s all about to crash, and painting it as absolute future reality for all.

    They’d better serve the public by comparing these alleged accounting tricks to the real lies used by GAO, CBO, Congres, WH, Freddie and Fannie. Any misleading of reserve estimates by a shale gas producer would pale in comparison to the daily ripoffs and lies the goverment routinely reports or sweeps under a rug.

  • Magnetic Polar Shifts Causing Massive Global Superstorms

    02/09/2011 2:12:54 PM PST · 16 of 49
    EERinOK to jyro

    anything to divert attention away from the fact the planet is in a natural and documented as repeating 20-30 year cooling cycle, and has not been warming for last 10-12 years.

  • Oooops! Saudi oil reserves 'overstated by 40%' (Long suspected, now apparently confirmed)

    02/09/2011 1:17:49 PM PST · 35 of 39
    EERinOK to henkster

    OK, rings a bell, but I cant pin it down. ELP? King Crimson?

  • Oooops! Saudi oil reserves 'overstated by 40%' (Long suspected, now apparently confirmed)

    02/09/2011 9:39:27 AM PST · 31 of 39
    EERinOK to henkster

    (a prize for anyone who can quote artist and song).

    ooh. oh let me guess. Jimi Hendrix, castles Made of Sand. least thats what comes to my mind.

    FWIW, the Saudis really have not yet started secondary recovery like TX and most old US oilfields. Most oilfields produce about 30% of oil in place naturally, then require reservoir pressure maintenance, mostly by water injection, to continue recover, albeit at a lower rate and higher cost.

    If the Saudis could go to massive scale secondary recovery quickly, say over 4-5 years, they still are likely going to have production rate decline, despite reserves going up. If they have already been counting secondary recovery potential as reserves, then the the global capacity probably is in a bind. This is not due to limits of mankind’s abilities, but due to the restraints of governments.

  • Are Obama, Reid, and McConnell about to Kill the Tea Party?

    02/01/2011 7:43:29 PM PST · 89 of 106
    EERinOK to bronkburnett

    Obama may very well be tied to power over ideology and do whatever it takes to preserve his power. After all, without it, there is no “transformation of America”.

    However, senate dems at teh pek of their power are not going to give him the opportunity

  • Are Obama, Reid, and McConnell about to Kill the Tea Party?

    02/01/2011 6:52:31 PM PST · 68 of 106
    EERinOK to hemogoblin

    Bingo! Dems did not ram through their lifelong dream socialist cornestone agenda item designed to have everyone at their mercy and voting for them in perpetuity to even consider ever turning back.

    dems will fight repeal with every last drop of blood they have, by any means, legal, illegal, unconstitutional. they are NOT giving up on what’s already started to destroy private healthcare when they think they are finally within grasp of controlling the entire population with socialized medicine. No way. If they did they would not be democrats. It’s what they do, it’s who they are.

  • Are Obama, Reid, and McConnell about to Kill the Tea Party?

    02/01/2011 6:42:08 PM PST · 57 of 106
    EERinOK to erkyl

    You are SO absolutely right about the Tea Party. Had Obama lost and McCain and a Dem/Rino congress kept up Bush spending levels and favor to the “too big to fail” failing business models, the tea party would have still formed. It started prior to any Obamacare drafts as a result of the government bailouts, stimulus, looking the other way at the cause Freddie/Fannie/Lib/Rino policy, and out of control governement spending. It gained momentum in opposition to Obamacare, but Obamacare was not the catalyst that started it.

    Death of Obamacare won’t end it either, but may very well propel it into a greater force that both parties will have to reckon with.

  • Are Obama, Reid, and McConnell about to Kill the Tea Party?

    02/01/2011 6:40:18 PM PST · 54 of 106
    EERinOK to erkyl

    You are SO absolutely right about the Tea Party. Had Obama lost and McCain and a Dem/Rino congress kept up Bush spending levels and favor to the “too big to fail” failing business models, the tea party would have still formed. It started prior to any Obamacare drafts as a result of the government bailouts, stimulus, looking the other way at the cause Freddie/Fannie/Lib/Rino policy, and out of control governement spending. It gained momentum in opposition to Obamacare, but Obamacare was not the catalyst that started it.

  • China Just Made A Huge Investment In The American Energy Source That Everyone Still Ignores

    02/01/2011 12:47:52 PM PST · 34 of 38
    EERinOK to SeekAndFind

    Wow. Alot there and, no offense, but the point not real clear.

    Great lakes water to China? Shipping water to China from anywhere in the US? What are you talking about? or the aquifer water? It would cost far less to build desalinization plants and suck up seawater close to home (which the whole world will eventually be doing someday).

    I think I know what you are getting at. It takes massive quantities of water to develop a shale natural gas resource. The solution is local recycling and purification, another local jobs generator.

    China itself won’t own the rights to anything. CHK or oil and gas developer can as leaseholder, LEASE those rights under contract, but not own them outright.

    The Niobrara is not an oil shale, nor a natural gas shale formation. It is lumped into that category much like the ND Bakken “shale”. It is a conventional carbonate rock (limestone) oil reservoir sandwiched between organic shale source rock. Like the Bakken, water consumption is far lower than the true shale plays like Marcellus, Barnett, Woodford, Etc.

    Going from China (or anyone) investing in US Oil and Gas ventures to a ploy to steal US water resources is a huge stretch.

  • China Just Made A Huge Investment In The American Energy Source That Everyone Still Ignores

    02/01/2011 10:37:24 AM PST · 28 of 38
    EERinOK to SeekAndFind

    This is GOOD news for the US Oil industry and the USA.

    I see the usual 95% comments extremely negative and about China stealing our energy resource. They can’t come over here and truck it back to China. Any energy produced from the DJ basin stays here, some of the profits do go back to China and should because they are putting up the capital.

    If they were not putting up the capital, CHK would not be exploring this currently economically unproven resource on the same scale. To explore it at a scale to deliniate the “sweet spots” will take 50-100 wells. To do so in 3 to 5 years (typical E&P land evaluation period), will require 12-20 rigs operating. Each operating rig results in 50-60 JOBS directly, not including residual local service economy benefits. Each well costs 4-6 million dollars to drill and complete, money into US the economy, regardless of the resulting production. If the acerage is all economic, it will take 1000s of wells to develop. Development happens here not in China. Made in the USA.

    Oppositon to this development is reactionary and not very well thought out.

    FYI, the Western PA, OH and WV Marcellus Shale natural gas drilling economic boom is also foreign backed, by Statoil (Norway) and ONGC (India), but developed by US companies.

  • NCAA Football Week 10 Nov 4-6th

    11/06/2010 8:02:39 AM PDT · 13 of 49
    EERinOK to Roccus

    Good. BS was a stop gap measure hire. The gap’s closing fast.

  • Live streaming video of top kill procedure

    05/26/2010 9:13:20 PM PDT · 31 of 32
    EERinOK to WackySam

    Have tyou been watching this very long?

    I’m wondering if we are looking at the top of the BOP, and the riser that had been attached but crimped and leaking from the start is gone.

    What’s the big plume? Kill weight mud and oil, or just oil.

    Secondary pume to the left?

  • The New Political Rumbling [NOONAN: "We Are In Post-Romantic Political Era"]

    01/22/2010 2:24:05 PM PST · 13 of 24
    EERinOK to Bryan24

    Thank you for succinctly describing the era I just entered for good. Post-Pegggy has ring to it.

    For too long now I still clicked the links out of curiosity to see if she had anything intelligent to offer.

    Buh-bye Peg. Maybe this juvinile goofiness would apply for a Obama approved NEA grant. Worthy of the WSJ, I think not.

  • Raucous pro-coal crowds pack mining hearings

    10/13/2009 6:50:27 PM PDT · 12 of 24
    EERinOK to youturn

    WV and KY went solidly against Obama and for McCain and the coal community is large enough to be influential in both states, especially WV. The UMW bigs might have backed Obama & the Dem ticket in general, but the members did not fall for it.

    PA, OH and VA coal miners could not have swung it to McCain as the coal mining community proportion is relatively small in the overall population. In SW VA, where the miners are the population base, I believe Obama got smoked.

    Obama lost in western coal states too.

    I disagree that many coal miners really voted for Obama.

  • Health-Care Reform and the Constitution

    09/14/2009 10:11:11 PM PDT · 25 of 29
    EERinOK to AGreatPer

    And it’s no accident the words promote and provide are used in the same sentence of the preamlbe the way it is written. They mean two different things as it was meant to be two diffferent things.

    Provide for the common defense.

    Promote, not provide, the general welfare.

  • Zogby: GOP Faces Extinction Risk

    07/25/2009 10:06:03 AM PDT · 56 of 153
    EERinOK to cripplecreek

    RNC led Steele knows this about the electorate, and it is probably based in reality, not poll fudging.

    But if you look at voting history, why the outreach by GOP trying to appeal to ethnic groups that are not and have never been a conservative or GOP constituency? I recall after Steele started this same line of talk on appealing to blacks and latinos, maybe it was Rush rattled off some Pres. election stats

    Since Carter (and probably prior), blacks have monolithically voted Dem 90% or more.

    Latinos have voted Republican 30-36% of the time, peaking with GWB in 2004. Very consitent.

    Whites are the constituency that have shifted radically. 88% for Reagan in ‘84 and low 50s in 2008.

    The GOP is losing their base in outreach, trying to out-lib the libs in an effort to appeal to loyal lib voting blocks.

    Moral of the story, your point, maybe conservatism needs another try.