Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Chesapeake Energy CEO: US soon to be awash in natural gas

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby TheAntiDoomer » Tue 27 Oct 2009, 10:36:28

bout time for some natty gas updates :o

http://nextbigfuture.com/2009/10/what-i ... e-gas.html

$this->bbcode_second_pass_quote('', '1'). Reality – it takes many years for a very tight (low permeability) gas reservoirs to exhibit exponential decline behavior. Thus, hyperbolic decline can and should be used to approximate/extrapolate EUR’s

2. Type Curves work.

3. High Terminal Decline Rate is wrong. Need 10-20 years of Barnett history (oldest Shale play) to be certain but current results show lower decline than the 15% of skeptics


Shale Gas Will Tip The Scale

http://www.groundreport.com/Business/Sh ... le/2909556

$this->bbcode_second_pass_quote('', 'I')f the US market is any guide, when shale gas starts to flow in Europe, China and India, prices are going to plummet and supplies are going explode. Last month, natural gas prices dropped to a cyclical low of $2.15 per million BTU’s (“MBTU”) at the Henry Hub in the Oklahoma. Since a barrel of crude oil contains on average 5.8 MBTU, a natural gas price of $2.15 per MBTU is the equivalent of only $12.50 per barrel of crude oil. This month with the arrival of cold weather in the Northeastern United States natural gas prices have spiked to almost $4.00 per MBTU, or the equivalent of $23.20 per barrel of crude oil. Longer-term, the cost of producing shale gas is estimated at about $6.00 per MBTU, equivalent to crude priced at $34.80 per barrel. Based on the physics of supply and demand, this new source of ‘unconventional’ gas will exert downward pressure on energy prices for years to come.
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

"expect 8$ gas on 08/08/08" - Prognosticator
User avatar
TheAntiDoomer
Heavy Crude
Heavy Crude
 
Posts: 1556
Joined: Wed 18 Jun 2008, 03:00:00

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby mcgowanjm » Tue 27 Oct 2009, 10:51:03

$this->bbcode_second_pass_quote('', 'B')ased on the physics of supply and demand, this new source of ‘unconventional’ gas will exert downward pressure on energy prices for years to come.


I love this. When the breakeven on Shale Gas is $6.75 and the
only reason that drilling is happening now is to secure gas land
contracts coming up December (5 years).

The Law of Receding Horizons. And when does NatGas relate
to oil the way soy relates to corn? As in fuel substitution?
mcgowanjm
Intermediate Crude
Intermediate Crude
 
Posts: 2455
Joined: Fri 23 May 2008, 03:00:00

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby TheAntiDoomer » Tue 27 Oct 2009, 11:17:34

Those are just ones of thousand of specific well sites Pstarr! c'mon buddy, we'll be "peaking" sites for decades to come! :o
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

"expect 8$ gas on 08/08/08" - Prognosticator
User avatar
TheAntiDoomer
Heavy Crude
Heavy Crude
 
Posts: 1556
Joined: Wed 18 Jun 2008, 03:00:00

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby TheAntiDoomer » Tue 27 Oct 2009, 11:18:58

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('', 'B')ased on the physics of supply and demand, this new source of ‘unconventional’ gas will exert downward pressure on energy prices for years to come.


I love this.


you will get to love this for decades to come mcgowanjm. Shale gas will allow society and the internet to thrive for at least decades to come. So you will love this and be able to post more nonsensical rantings for many many more decades. Fun huh? :o 8)
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

"expect 8$ gas on 08/08/08" - Prognosticator
User avatar
TheAntiDoomer
Heavy Crude
Heavy Crude
 
Posts: 1556
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby mcgowanjm » Tue 27 Oct 2009, 11:40:16

Haber–Bosch
$this->bbcode_second_pass_quote('', 'T')hat depends on whether Haber–Bosch against NG costs less that fractional distillation on oil.


Had to go find out that H-B is ammonia production. ;}

The last time NatGas went above $9 (I think) fertilizer
plants began shutting down.

Can you make fertilizer with oil? Oil only keeps fertilizer
on the plant. Oil makes a great weed killer. And crop
killer before GM. ;}
mcgowanjm
Intermediate Crude
Intermediate Crude
 
Posts: 2455
Joined: Fri 23 May 2008, 03:00:00
Top

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Tue 27 Oct 2009, 15:32:30

$this->bbcode_second_pass_quote('pstarr', 'I')sn't it a bit odd the reporting on this (cough cough) unconventional (read: "high-hanging" resource) gas comes replete with its own depletion protocol? The stuff peaks before it's even into production. That bodes badly, yes?

You've got a lot of nerve pooh-poohing this stuff when you aren't even willing to put your money where your mouth is.

Image
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
User avatar
copious.abundance
Fission
Fission
 
Posts: 9589
Joined: Wed 26 Mar 2008, 03:00:00
Location: Cornucopia
Top

Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby shortonsense » Tue 27 Oct 2009, 19:11:16

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('pstarr', 'I')sn't it a bit odd the reporting on this (cough cough) unconventional (read: "high-hanging" resource) gas comes replete with its own depletion protocol? The stuff peaks before it's even into production. That bodes badly, yes?

You've got a lot of nerve pooh-poohing this stuff when you aren't even willing to put your money where your mouth is.

Image


His zealotry does not extend beyond the bounds of his make believe world. The instant reality intervenes, exchange of cash, agreed upon terms, well, in THAT world gigawatt power plants aren't being built every month, hydrates easily convert themselves into gaseous form, and locally grown produce and meat is available and eaten by many. Your bet is simply too real. He won't do it unless you bet him, I don't know, looney tunes "internetbucks" or some make believe nonsense. But real stuff? Not a chance.
User avatar
shortonsense
Permanently Banned
 
Posts: 3124
Joined: Sat 30 Aug 2008, 03:00:00
Top

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Mon 02 Nov 2009, 22:06:44

$this->bbcode_second_pass_quote('AirlinePilot', 'C')ould be Huge!

Yup it could be. And it might not be either.

Why dont you put up a post documenting the first commercial flow rates when they come on line?

Maybe I'll pay attention then, until I see that this is just more Corny BS.

Here's another one of those commercial flow rates.

And it's a monster! :shock: 8O

Image

>>> LINK <<<
$this->bbcode_second_pass_quote('', '[')b]Devon Claims Highest Rate Haynesville Shale Well
Monday, November 02, 2009

Devon announced the results of a successful Haynesville Shale well in San Augustine County, Texas. The Kardell Gas Unit 1H achieved an average continuous 24-hour flow rate of approximately 30.7 million cubic feet of natural gas equivalent per day through a 37/64-inch choke. Flowing pressure was 6,824 pounds per square inch.

[...]
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
User avatar
copious.abundance
Fission
Fission
 
Posts: 9589
Joined: Wed 26 Mar 2008, 03:00:00
Location: Cornucopia
Top

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby shortonsense » Mon 02 Nov 2009, 23:20:56

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('AirlinePilot', 'C')ould be Huge!

Yup it could be. And it might not be either.

Why dont you put up a post documenting the first commercial flow rates when they come on line?

Maybe I'll pay attention then, until I see that this is just more Corny BS.

Here's another one of those commercial flow rates.

And it's a monster! :shock: 8O

>>> LINK <<<
$this->bbcode_second_pass_quote('', '[')b]Devon Claims Highest Rate Haynesville Shale Well
Monday, November 02, 2009

Devon announced the results of a successful Haynesville Shale well in San Augustine County, Texas. The Kardell Gas Unit 1H achieved an average continuous 24-hour flow rate of approximately 30.7 million cubic feet of natural gas equivalent per day through a 37/64-inch choke. Flowing pressure was 6,824 pounds per square inch.

[...]


OMG!!! Where are they going to PUT it all?
Image
User avatar
shortonsense
Permanently Banned
 
Posts: 3124
Joined: Sat 30 Aug 2008, 03:00:00
Top

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Tue 03 Nov 2009, 00:55:20

$this->bbcode_second_pass_quote('pstarr', 'R')ecord 24-hour flow rate. Whoopee. But a 95% decline rate after that--in one year.

Find another scam to push. No suckers here.

Image
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
User avatar
copious.abundance
Fission
Fission
 
Posts: 9589
Joined: Wed 26 Mar 2008, 03:00:00
Location: Cornucopia
Top

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby Maddog78 » Tue 03 Nov 2009, 02:12:27

It's pretty obvious you no longer care whether people take you seriously or not, therefore they don't. 5 million gals/well? What a load of Expletive deleted..
You don't have a Expletive deleted. clue so you continue to just pull facts and figures out of your Expletive deleted., who cares if they are even close to being accurate. What a tree dwelling loser. To think at one point I even tried to provide accurate information, what a waste of time that was.

Enjoy your depressing and doomer outlook and continue to hide in your tree house. Meantime I'll be driving my 911, which I can fill up for only 40 bucks with no line ups, to my 200K a year job to continue providing the U.S. with a secure supply of natural gas and all the time I'll have a smile on my face. :-D
User avatar
Maddog78
Heavy Crude
Heavy Crude
 
Posts: 1626
Joined: Mon 14 Jul 2008, 03:00:00

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby Maddog78 » Tue 03 Nov 2009, 03:40:36

http://www.cngnow.com/EN-US/Media/Docum ... ay2009.pdf


3,5 million is a max. for our area, typically much less than that and that number is coming down all the time due to various conservation methods we're employing.
But you don't care, your mind is made up and nothing less than going back to the stone age will make you happy.
User avatar
Maddog78
Heavy Crude
Heavy Crude
 
Posts: 1626
Joined: Mon 14 Jul 2008, 03:00:00

Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby rangerone314 » Tue 03 Nov 2009, 13:57:11

One issue not mentioned about NG:http://txsharon.blogspot.com/2009/10/human-health-effects-associated-with.html

$this->bbcode_second_pass_quote('', 'H')uman Health Effects Associated with Chemicals Detected in the Air in Excess of TCEQ Short-term and Long-term Effects Screening Levels in DISH, Texas
From Wilma Subra


Acute Health Effects


Irritates Skin and Eyes - Benzene, Xylenes, Naphthalene, Trimethyl Benzene, Methyl-Methylethyl Benzene, Tetramethyl Benzene, Diethyl Benzene, Carbon Disulfide, Carbonyl Sulfide, Methyl Ethyl Disulfide, Ethyl-Methylethyl Disulfide

Irritates Nose - Benzene, Xylenes, Naphthalene, Diethyl Benzene, Carbonyl Sulfide, Dimethyl Disulfide, Methyl Ethyl Disulfide, Ethyl-Methylethyl Disulfide
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right

Equals barter and negotiate-people with power just take

You cant defend freedom by eliminating it-unknown

Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
User avatar
rangerone314
Light Sweet Crude
Light Sweet Crude
 
Posts: 4105
Joined: Wed 03 Dec 2008, 04:00:00
Location: Maryland
Top

PreviousNext

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 2 guests

cron