by Deputy Barnes » Wed 22 Oct 2014, 20:37:02
$this->bbcode_second_pass_quote('ROCKMAN', 'D')eputy – It is amazing what difference even $80/bbl makes when it comes to high water cut production. With an injection well on a lease in Texas I can get rid of water for about $0.30/BBL. At $80/bbl I can net around $56/bbl. So if I produce 50 bopd of high water cut production I can get rid of around 160 bwpd and break even. IOW at a 75% water cut I can cover my costs. So at lower a w/c I can start making a profit. At $100/bbl for oil would break even at an 82% w/c.
Good money.
"The most common lie is the lie that one tells to oneself" -- Friedrich Nietzsche
Vote Republican.
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Deputy Barnes
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by DesuMaiden » Sun 26 Oct 2014, 00:14:49
$this->bbcode_second_pass_quote('sparky', '.')
Maybe it would help if the question was severely restricted
how much conventional crude oil is left to extract ? ( not including condensates )
Ok, then let me change the question...
how much conventional crude is left to extract?
Can anyone answer that question?
History repeats itself. Just everytime with different characters and players.
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DesuMaiden
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by MD » Sun 26 Oct 2014, 03:29:32
$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('DesuMaiden', '')$this->bbcode_second_pass_quote('sparky', '.')
Maybe it would help if the question was severely restricted
how much conventional crude oil is left to extract ? ( not including condensates )
Ok, then let me change the question...
how much conventional crude is left to extract?
Can anyone answer that question?
No one can answer that question.
Not with precision Pete, but who needs precision for this?
"Conventional" oil reserves as defined today are between one and two trillion barrels.
There are trillions and trillions of other barrels out there.
If the planet doesn't choke on fumes, we can hold a production plateau for a number of years yet.
Alternately we can hit a downslope which means lots of bad news for billions of humans.
That's about it.
By the way, the difference between one and two trillion doesn't change things by more than a few years.
Stop filling dumpsters, as much as you possibly can, and everything will get better.
Just think it through.
It's not hard to do.