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Texas crude oil production reaches 3 million barrels/day
Re: Texas crude oil production reaches 3 million barrels/day
by Tanada » Tue 16 Sep 2014, 18:54:20
Rockman I am not sure how to interpret that reply, are you saying I am correct as long as prices stay up or that I am wrong and it is all an artifact of high prices?
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
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Re: Texas crude oil production reaches 3 million barrels/day
by ROCKMAN » Tue 16 Sep 2014, 23:36:36
T - I wasn't so much talking about prices as the difference in the shale plays from the PB plays. Again, a generality, but the drilling in the PB is more in the order of EOR then exploration. High oil prices are creating new hz and vertical wells in some very old fields. And not so much super straws but just nice wells. In fact a lot of the new production in the PB is coming from rather shallow vertical wells that are being poked between 40+ year old wells. They might only make 20 or so bopd but there's the potential to drill thousands of them. A rather straight forward economic calculation. The shales OTOH have much more uncertainty in their economic potential.
I'm not sure what you mean by artifact. Nearly all the oil wells drilled today are the result of high prices. So yes: IMHO you're correct.
I'm not sure what you mean by artifact. Nearly all the oil wells drilled today are the result of high prices. So yes: IMHO you're correct.
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Re: Texas crude oil production reaches 3 million barrels/day
by Tanada » Wed 17 Sep 2014, 07:48:58
$this->bbcode_second_pass_quote('ROCKMAN', 'T') - I wasn't so much talking about prices as the difference in the shale plays from the PB plays. Again, a generality, but the drilling in the PB is more in the order of EOR then exploration. High oil prices are creating new hz and vertical wells in some very old fields. And not so much super straws but just nice wells. In fact a lot of the new production in the PB is coming from rather shallow vertical wells that are being poked between 40+ year old wells. They might only make 20 or so bopd but there's the potential to drill thousands of them. A rather straight forward economic calculation. The shales OTOH have much more uncertainty in their economic potential.
I'm not sure what you mean by artifact. Nearly all the oil wells drilled today are the result of high prices. So yes: IMHO you're correct.
I'm not sure what you mean by artifact. Nearly all the oil wells drilled today are the result of high prices. So yes: IMHO you're correct.
Rockman this is intended as a compliment. You should moonlight as a Lawyer
I get what you are saying about the PB (Permian Basin I think), so thousands of shallow wells is definitely not a superstraw. I was trying to compare the frack and drain boom to the situation that took place in the Yibal field in Oman as described by Mat Simmons in his book Twilight In The Desert. When I read these news reports and stats from North Dakota's fracking boom the drill/frack/drain pattern closely resembles the horizontal multicompletion superstraw draining of Yibal in Oman that took place 15 years ago.
Like this,
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
- Site Admin
- Posts: 17094
- Joined: Thu 28 Apr 2005, 03:00:00
- Location: South West shore Lake Erie, OH, USA
Re: Texas crude oil production reaches 3 million barrels/day
by ROCKMAN » Wed 17 Sep 2014, 09:54:54
T - Thanks...I wasn't familiar with Yibal Field. But I won't let ignorance stop me. Looking at the chart I'm going to guess it was a strong bottom water drive. Thus the existing vertical wells eventually began producing a low oil cut and with limited production rates netted very little oil. Maybe something like a 500 bbl/day per well with a 5% oil cut = 25 bopd. But now put a hz well into the reservoir capable of producing 10,000 bbls per day with a 5% oil cut nets 500 bopd.
So yes: the vertical wells might have eventually produced the same amount of oil. But the superstraws might now ultimately produce about the same amount but will get it out faster. So the same with many of the PB wells: they are recovering reserves that would have been produced anyway but over a much longer time. Which is different then the Eagle Ford/Bakken plays: if those wells aren't drilled that oil will never be produced.
So yes: the vertical wells might have eventually produced the same amount of oil. But the superstraws might now ultimately produce about the same amount but will get it out faster. So the same with many of the PB wells: they are recovering reserves that would have been produced anyway but over a much longer time. Which is different then the Eagle Ford/Bakken plays: if those wells aren't drilled that oil will never be produced.
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ROCKMAN - Expert
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Re: Texas crude oil production reaches 3 million barrels/day
by Tanada » Wed 17 Sep 2014, 13:57:44
Yup, it was a conventional field with water injected drive to keep the oil flowing. In the early 1990's they reworked it with multicompletion horizontal drilling and production soared from 1993-1997. They thought their golden goose was assured so they spent boucoup bucks upgrading the above ground facilities in the early 00's only to have production collapse like a ton of bricks. In the end they moved the oil production forward but did not produce any extra oil over original estimates.
Just teasing but Eagle Ford or not, if nobody ever drilled a field none of them would produce oil. I know you mean PB was already producing just at a slower rate and like Yibal it would have eventually given up its oil some time into the future.
Just teasing but Eagle Ford or not, if nobody ever drilled a field none of them would produce oil. I know you mean PB was already producing just at a slower rate and like Yibal it would have eventually given up its oil some time into the future.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
- Site Admin
- Posts: 17094
- Joined: Thu 28 Apr 2005, 03:00:00
- Location: South West shore Lake Erie, OH, USA
