[AdamB]

$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('ROCKMAN', '.')..

One thing I hope you and others understand: despite your eyes possibly glazing over half wag they I left out a huge amount of detail on this subject matter. So when you read short little blerbs like the one that started this chat don't for minute think you really understand what the f*ck is going on. Some tease about my long posts. But the reality is that the subject matters we discuss are z tad more complex then a few lines can do justice to. Doc and I can just tell some of you that you're just acting like ignorant and foolish children. But what would be the point of wasting our time to do that.

[ROCKMAN]

p - "Frackers have been caught stealing other people's oil." I'm sorry for being so harsh but your statement is a lie or made out of ignorance. Either way even though my long post was wasted on you others hopefully gained some useful insight. Unfortunately you're obviously are a lost cause. Sorry but have to cut you loose.

Via con dios, muchacho.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'p') - "Frackers have been caught stealing other people's oil." I'm sorry for being so harsh but your statement is a lie or made out of ignorance. Either way even though my long post was wasted on you others hopefully gained some useful insight. Unfortunately you're obviously are a lost cause. Sorry but have to cut you loose.

Via con dios, muchacho.

[ROCKMAN]

Adam - I don't think he's stupid. Just a pre-set bias that can make it nearly impossible to absorb facts presented to him. Or worse: unwilling to take the time to up anotherdig the facts from the web. But with no background in the subject that would take 100's of hours to get even close to coming up the speed.

Which is why I tend to write such long posts. But still no way to give an in depth education. But if folks allow me a tad of credibility they may gain some understanding. And if they think my every word is a lie then so be it: they are too far gone anyway to help. For them their lives will be filled with bumper sticker snippets and news stories which they are unable to judge the validity of. Info they can only see with their terminally prejudiced blinded vision.

Unlike you, buddy, I'm content to leave them alone to stew in their own juices after I've made an effort or two to reach them. As I've said before: one should not try to teach pigs to roller skate: it only frustrates you and pisses them off. LOL

[peripato]

$this->bbcode_second_pass_quote('ROCKMAN', 'p') - "Frackers have been caught stealing other people's oil." I'm sorry for being so harsh but your statement is a lie or made out of ignorance. Either way even though my long post was wasted on you others hopefully gained some useful insight. Unfortunately you're obviously are a lost cause. Sorry but have to cut you loose.

Via con dios, muchacho.

[peripato]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('ROCKMAN', 'p') - "Frackers have been caught stealing other people's oil." I'm sorry for being so harsh but your statement is a lie or made out of ignorance. Either way even though my long post was wasted on you others hopefully gained some useful insight. Unfortunately you're obviously are a lost cause. Sorry but have to cut you loose.

Via con dios, muchacho.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'A')dam - I don't think he's stupid.

[asg70]

I think this forum has already bottomed out as far as any useful insights that can be gleaned from anyone sharing their thoughts.

All that's left is people restating their stubborn belief-systems and hurling insults back and forth.

[coffeeguyzz]

asg

That's got a little too much truth to it (your observation) and I think it is a shame because we seem to be on the cusp of learning of a whole new generation of 'frac'ing' techniques.
The people who comment on this site and who are knowledgeable (RM, Adam, Rocdoc and a few others) are constantly battling an army of people who have no fucking clue about the hydrocarbon industry yet strenuously broadcast their ignorance and loathing of all things oil/gas related.

Recent production numbers out of the Bakken and Appalachian Basin indicate FAR more productivity from flowback techniques as well as proppant useage.

Operators are characteristically mum about specifics, but well profiles are showing dramatic increases these past several months.

It may be awhile before this gets more widespread attention and clarification, but the ramifications are enormous.

[Tanada]

$this->bbcode_second_pass_quote('', '[')size=200]Exxon Mobil plans $200 mln investment in Argentina's Vaca Muerta[/size]

BUENOS AIRES, Sept 1 (Reuters) - U.S. oil major Exxon Mobil Corp plans to invest $200 million to boost natural gas output in Argentina’s Vaca Muerta shale play, a spokeswoman told Reuters on Friday.

The company has asked the government of Neuquen province for a 35-year unconventional production concession in the Los Toldos I Sur block, the spokeswoman said. Exxon Chief Executive Officer Darren Woods informed President Mauricio Macri of the plans during a Thursday meeting at the presidential Pink House.

Attracting investment to the Belgium-sized Vaca Muerta play, one of the world’s largest unconventional gas reserves, is a key priority for Macri’s business-friendly administration as it seeks to boost local energy production in order to reduce costly imports.

Last year, Exxon said it could invest more than $10 billion in shale projects over 20 to 30 years in the region. In January, Macri reached a deal with unions and companies to lower very high labor costs and attract investment, though executives note that logistics costs remain high.

Exxon’s Argentine subsidiary owns 80 percent of the Los Toldos I Sur block and is the operator, while Argentine oil company Tecpetrol SA and province-owned Gas y Petroleo de Neuquen each control 10 percent. (Reporting by Luc Cohen; Editing by Phil Berlowitz)

[ROCKMAN]

T - That might sound like a lot but $200 million might only get 20 or 30 wells drilled. And that $10 billion = $300 to $500 million per year. A huge amount for Rockman's company but relatively small potatos for a company the size of XOM. And that $10 billion future expenditure could shrink a lot depending on how the first $200 million of drilling turns out. Remember Shell paid $1 billion for a single Eagle Ford Shale lease and spent around $1.5 billion drilling wells. And then sold the lease and producing wells for $700 million. And then completely abandoned the play. And that was back when oil was going for $90/bbl.

In the oil patch you have dream big if you want to win big. But sometimes the dream can turn into a nightmare.

[peripato]

$this->bbcode_second_pass_quote('pstarr', 'p')eripato, also stupid someecards are for losers, or people who have been hit on the head with wood. No someecard should ever be posted here.

[peripato]

$this->bbcode_second_pass_quote('coffeeguyzz', 'a')sg

That's got a little too much truth to it (your observation) and I think it is a shame because we seem to be on the cusp of learning of a whole new generation of 'frac'ing' techniques.
The people who comment on this site and who are knowledgeable (RM, Adam, Rocdoc and a few others) are constantly battling an army of people who have no fucking clue about the hydrocarbon industry yet strenuously broadcast their ignorance and loathing of all things oil/gas related.

Recent production numbers out of the Bakken and Appalachian Basin indicate FAR more productivity from flowback techniques as well as proppant useage.

Operators are characteristically mum about specifics, but well profiles are showing dramatic increases these past several months.

It may be awhile before this gets more widespread attention and clarification, but the ramifications are enormous.

[AdamB]

$this->bbcode_second_pass_quote('', '
')
The worm is turning for the crude oil price and American petroleum's latest reporting season will likely announce a telling maturation of the US shale industry according to Woodside Petroleum chief executive, Peter Coleman. "The market is feeling pretty positive and we think there will be strengthening of crude prices before the end of the year," Coleman said on Thursday after the release of Woodside's wholly predictable but encouraging third quarter production numbers. "Oil demand is up this year by 1.6 [million barrels a day] and is expected to be up another 1.4 next year. And the US reporting season is going to be very interesting," he recommended. "It will signal whether people are still free to chase volumes or capital preservation has started in earnest. Anadarko is first out of the blocks with that buyback. This is going to tell us how

[AdamB]

Oh seriously, they actually titled the article "HAVE the US passed peak shale"?

[Tanada]

$this->bbcode_second_pass_quote('AdamB', 'O')h seriously, they actually titled the article "HAVE the US passed peak shale"?

[AdamB]

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('AdamB', 'O')h seriously, they actually titled the article "HAVE the US passed peak shale"?

[asg70]

I bet they can at least spell Santa Claus.