http://www.mysanantonio.com/business/article/Shale-playground-in-W-Texas-4180979.php�They're getting thousands and thousands of feet of pay zone,� said Ken Morgan, director of the Texas Christian University Energy Institute, who spoke Wednesday at Palo Alto College. �It's like the Eagle Ford on steroids. They haven't even begun. We're just in the toe of this thing.�
That is good. If Obama would open up more drilling he could probably rid the country of it's unemployment problem. I am glad the good folks in Texas found some oil. I wish they would find some in my backyard!
Old news. The shale play in the Permian basin has been booming for a long time. It will get much busier, however.
Well, there is plenty of room there. Thankfully most of should be on private land, so the marxist mulatto won't be able to put the kibosh on it, hopefully.
If it has a lot of oil- like the Eagle Ford- hurray. If just gas......... ho hum.
As far as this is concerned:
But Morgan also said OPEC is �jittery� about U.S. shale plays, and thinks that at some point it will drop the price of oil on the world market to try to force natural gas out of the market in favor of cheaper imported oil.
The smart guys say OPEC don't have the reserves to do this again.
And,,,,,, there is a 20 in pipeline under construction now from Amarillo to Houston to carry LNG.It won't STAY in Houston.
It's another shale oil play. Remember this name.......Cline Shale. As the article says it will be many, many times bigger than the Bakken and Eagleford, and will dwarf the already huge Wolfberry and Wolfbone plays that are happening right now, and they are not shale plays. My sources here tell me it could easily be the biggest field in the world by the time they prove it up.
Oh my...but do you think we can get a pipeline from Midland to Port Arthur approved?
It would take half of China to get west Texas crowed.
...and you know they won't stay long.
Lets not start planning on half of China please.
Texas and Alaska should both join OPEC
[bleep], I could fit everyone in Wyoming atop of Elephant Mountain.
Oh my...but do you think we can get a pipeline from Midland to Port Arthur approved?
Not crossing a state line, would it need Federal Government approval? Lot shorter haul from North Dakota, too
Pretty darn good news, it seems.
Great.
But you guys DO know that this is just going to keep driving the price of leases/hunts up, as has happened in some areas with Eagle Ford?
Sorry to whiz in the Wheaties...!
This article shows a pic of projected feild size, which counties etc. Too bad I have no minerals in that area. Some good hunting in part of those counties. Most of it is "Drive through country"
http://lubbockonline.com/business/2...s-fuel-expectations-cline-shale-oil-boom
Oh my...but do you think we can get a pipeline from Midland to Port Arthur approved?
Not crossing a state line, would it need Federal Government approval?
Nope.
Great.
But you guys DO know that this is just going to keep driving the price of leases/hunts up, as has happened in some areas with Eagle Ford?
...and more money to pay for it.
This map shows existing pipeline from Midland to Houston. Oil not gas. Remember, drilling started in the Permain Basin back in 1920's or so. Wolfberry has been know about for years, but how to get the oil out is the new part. Cline area has 100,000's of wells in it right now, but how to drill a horzontial and how to frac correctly is the new part in the last several years.
http://www.sunocologistics.com/Customers/Business-Lines/Asset-Map/130/
Yup. The pipeline comment was a joke son. (Best FogHorn Leghorn voice.)
Maybe Nebraska will reconsider holding the rest of the nation hostage now.
It's another shale oil play. Remember this name.......Cline Shale. As the article says it will be many, many times bigger than the Bakken and Eagleford, and will dwarf the already huge Wolfberry and Wolfbone plays that are happening right now, and they are not shale plays. My sources here tell me it could easily be the biggest field in the world by the time they prove it up.
between improvements in seismography technology and drilling technology/techniques in the last 20 years means we are both finding more deposits AND being able to get them out of the ground....
It's another shale oil play. Remember this name.......Cline Shale. As the article says it will be many, many times bigger than the Bakken and Eagleford, and will dwarf the already huge Wolfberry and Wolfbone plays that are happening right now, and they are not shale plays. My sources here tell me it could easily be the biggest field in the world by the time they prove it up.
between improvements in seismography technology and drilling technology/techniques in the last 20 years means we are both finding more deposits AND being able to get them out of the ground....
The bad part on your end is how in he ll are you going to get any volume of oil out of there to a refinery. Trains? Going to need much more than the rail.
They have drilled your area since the 50's.
Yup. The pipeline comment was a joke son. (Best FogHorn Leghorn voice.)
Maybe Nebraska will reconsider holding the rest of the nation hostage now.
Alright Dad. You just caught me off guard. Seemed you being where you are you would know.
believe me i know.....but my comment was intended country/world wide.....doesnt surprise me they are finding new deposits in Texas and im sure if they look they would prolly even find more in Pennsylvania and other areas that have historically held oil.....as you said they have been looking for and pulling oil out of here since the 50's and they still found two new deposits below the Bakken up here cause the new seismography technology they have been able to look deeper than before and have some idea of what they are actually seeing....
Lots of construction at the refinery in Big Spring. I know my company is already getting equipment assembled and staged.
All true. Remember that back when oil was priced so low, oil companies knew the oil was at a certain area, but cost to much to get out of the ground. Today price is higher, so it's cost effective to drill.
All true. Remember that back when oil was priced so low, oil companies knew the oil was at a certain area, but cost to much to get out of the ground. Today price is higher, so it's cost effective to drill.
absolutely......price drops to far and stays down drilling up here will grind to a halt fast......
Yup. The pipeline comment was a joke son. (Best FogHorn Leghorn voice.)
Maybe Nebraska will reconsider holding the rest of the nation hostage now.
Alright Dad. You just caught me off guard. Seemed you being where you are you would know.
While were are still talking "Dad" let's talk bout the future. Guns, I think you have too many and need to lighten your load some. I will wait.
Second thing is money, with estate taxes up, I do think you should lighten the burden on this part of the family some before the future occurs. This can be taken care of @ $9950 each year tax free to me.
All true. Remember that back when oil was priced so low, oil companies knew the oil was at a certain area, but cost to much to get out of the ground. Today price is higher, so it's cost effective to drill.
absolutely......price drops to far and stays down drilling up here will grind to a halt fast......
Most of the gas wells being drilled to in Barnett are just to hold a lease. They don't even produce some of them, just hold the lease cause they did drill.
It's another shale oil play. Remember this name.......Cline Shale. As the article says it will be many, many times bigger than the Bakken and Eagleford, and will dwarf the already huge Wolfberry and Wolfbone plays that are happening right now, and they are not shale plays. My sources here tell me it could easily be the biggest field in the world by the time they prove it up.
between improvements in seismography technology and drilling technology/techniques in the last 20 years means we are both finding more deposits AND being able to get them out of the ground....
The bad part on your end is how in he ll are you going to get any volume of oil out of there to a refinery. Trains? Going to need much more than the rail.
They have drilled your area since the 50's.
Pipelines to refineries won't be an issue as long as they are within Texas. It's only a short stretch to the refinery in Big Sprng as it is. My job in the oilfield is to design, layout and contsruct hydrocarbon lines. I'm in the Eagleford now, and look forward to getting a little closer to home...
It's another shale oil play. Remember this name.......Cline Shale. As the article says it will be many, many times bigger than the Bakken and Eagleford, and will dwarf the already huge Wolfberry and Wolfbone plays that are happening right now, and they are not shale plays. My sources here tell me it could easily be the biggest field in the world by the time they prove it up.
between improvements in seismography technology and drilling technology/techniques in the last 20 years means we are both finding more deposits AND being able to get them out of the ground....
The bad part on your end is how in he ll are you going to get any volume of oil out of there to a refinery. Trains? Going to need much more than the rail.
They have drilled your area since the 50's.
Pipelines to refineries won't be an issue as long as they are within Texas. It's only a short stretch to the refinery in Big Sprng as it is. My job in the oilfield is to design, layout and contsruct hydrocarbon lines. I'm in the Eagleford now, and look forward to getting a little closer to home...
he was referring to the formations we have up here in Montana/NoDak
This map shows existing pipeline from Midland to Houston. Oil not gas. Remember, drilling started in the Permain Basin back in 1920's or so. Wolfberry has been know about for years, but how to get the oil out is the new part. Cline area has 100,000's of wells in it right now, but how to drill a horzontial and how to frac correctly is the new part in the last several years.
http://www.sunocologistics.com/Customers/Business-Lines/Asset-Map/130/ The line from Midland to Houston is full of crude now. I'm told by my buddy who sells rig jobs for Patterson Drilling that if the prices hold, we could expect to see75% of all land rigs in the US right here in the Permian Basin. Some of you homebuilder type guys out there need to get down here and commence building. We already have people living in storage buildings.
Do we have any new modern refining capacity?
Oil isn't going to do us any good, unless we have capacity to make it into the fuels and lubricants we use.
[bleep], I could fit everyone in Wyoming atop of Elephant Mountain.
That's sooo funny...
And true.
Would love to see Arabs drink all their crude.
But you guys DO know that this is just going to keep driving the price of leases/hunts up, as has happened in some areas with Eagle Ford?
My thoughts exactly.
Stuff happens I guess.
Be good to see folks making money though.
...and energy independence, wouldn't THAT be something
Birdwatcher
Do we have any new modern refining capacity?
Oil isn't going to do us any good, unless we have capacity to make it into the fuels and lubricants we use.
No problem with capacity. The only problem is delivery...Obama won't let it get here. I promise.
Do we have any new modern refining capacity?
Oil isn't going to do us any good, unless we have capacity to make it into the fuels and lubricants we use.
And the demand for said fuels and lubes to make it profitable to refine. I bet not.
We will see more profitable (relative to pulling oil and refining it) conversion of gas via gas to liquids technology for in country consumption and LNG for export. Note that the majors are looking at a future of gas not oil. We have just tipped from majority oil to majority gas and plan to continue down that road. In the not too distant future the US (the America's for that matter) will be a significant exporter of gas, assuming the regulatory process allows it.
If it has a lot of oil- like the Eagle Ford- hurray. If just gas......... ho hum.
As far as this is concerned:
But Morgan also said OPEC is �jittery� about U.S. shale plays, and thinks that at some point it will drop the price of oil on the world market to try to force natural gas out of the market in favor of cheaper imported oil.
The smart guys say OPEC don't have the reserves to do this again.
And,,,,,, there is a 20 in pipeline under construction now from Amarillo to Houston to carry LNG.It won't STAY in Houston.
The price of oil will go down, not because OPEC wants it to but once gas get's going it will take the place of oil. At some point the price of Gas esp LNG will go up and will be the product in demand, due to exporting. The smart car companies will forget about electric cars and start producing cars that run on Natural gas.
Do we have any new modern refining capacity?
Oil isn't going to do us any good, unless we have capacity to make it into the fuels and lubricants we use.
And the demand for said fuels and lubes to make it profitable to refine. I bet not.
We will see more profitable (relative to pulling oil and refining it) conversion of gas via gas to liquids technology for in country consumption and LNG for export. Note that the majors are looking at a future of gas not oil. We have just tipped from majority oil to majority gas and plan to continue down that road. In the not too distant future the US (the America's for that matter) will be a significant exporter of gas, assuming the regulatory process allows it.
God I hope so. I live smack in the middle of The Barnett Shale but have to work 6 hrs from home. I hope NG prices rise and I get to see my wife and manchild a little more often.
I hope Texas hits it big again.
Activity is getting a little too close.
Educate me......how much H2O is required for the development of all this?
This is where it gets interesting.
Actually, the water usage isn't all that much. And the water used will be from brackish sources, not fresh water sources.
They even re-use the brackish water that is high in natural clorides too. It is pumped from the brackish well to a pit and distributed from the pit to the location needing water, then pumped back to the pits to await use again.
Thanx,Barry.
I was curious if the recent decision by Texas to pursue the ongoing water war with New Mexico all the way to the SCOTUS had any ties to the development of this field.
I worked on synfuels a lot in the 1970s. The technology has been there all along. Our number one importer of oil is Canada which largely produces oil from tar sands. Oil shale holds lots of promise.
A problem arises however because of the global market for oil. Since US companies are motivated by profit, lots of the increased production gets exported to places like China and India. The US is about to become a net exporter of refined fuels. Natural gas is a great short term alternative. For the long term biofuels will likely become an increasing part of the fuel consumed in the US. I was at an altfuels station last night. Gasoline was 10 cents less than E85 and petrodiesel was 22 cents less than B99. In the last two years the biofuels have been cheaper many times.