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g8trgr8t

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  • The Shale Oil Collapse Could Be A Long-Term Positive [View article]
    and better well completion techniques raising the EURs as well as the initial production anywhere from 30 to 50 percent
    Aug 19, 2015. 03:23 PM | 3 Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    not sure they are adding total capacity, just changing process to be able to refine more l/s
    Aug 18, 2015. 12:09 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    will the increased light sweet refining capacity coming in 2015/2016 be able to create additional demand for light sweet and help relieve the price pressure?

    http://bit.ly/1GIZdHC

    Respondents said they planned to run an additional 730,000 b/d of very light crude in 2016 than they did in 2014. With more favorable access and economics, they have the capability to run an additional 800,000 b/d of the new crude oil—for a total of 1.5 million b/d—in 2016 than what they ran in 2014, they indicated.
    Aug 17, 2015. 02:01 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    would it be used more like a refrac than an original frac to help stimulate blocked production?
    Aug 12, 2015. 03:08 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Novas??

    Roman Abramovich invested $15M in them recently

    http://bit.ly/1UDh1va
    Aug 12, 2015. 03:06 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    new technology. 85% + of the oil in place will still be there when these wells are done. that is a lot of oil to innovate your way into. shale is as much a tech play as it is a resource play and as the tech gets better more of the resource is recovered. have to admire the innovation taking place.
    Aug 12, 2015. 03:01 PM | Likes Like |Link to Comment
  • QEP Resources: Testing Downspacing Limits In The Bakken [View article]
    •Operators are conservative (and possibly overly conservative) in their view with regard to EUR uplifts from enhanced completions

    I can't understand why this is occurring and why operators are not pushing harder to get the reserves restated based on improved well performance and downspacing. If my loan covenants were about to become a problem due to the drop in oil prices I think I would be fighting and clawing to add to my reserves to offset the decrease in price per barrel.
    Aug 11, 2015. 05:10 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Petro - OT - do you have any insight into the Red Rock formations in ND and Montana? Wondering if anybody is testing it yet or even mapping the traps. Thanks
    Aug 10, 2015. 10:17 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    thanks. I had no info on NCS pricing. Would you assume that their prices will come down if/when they license their tech or do you think they will continue to self perform?

    Do you believe that the tech allows the frac to remain much closer to the bore while getting comparable performance?

    If so, would that offer up opportunities for tighter spacing?

    Thanks for the education...
    Aug 10, 2015. 12:23 PM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    Yes, this is something you and I have been discussing for some time. Has NCS done anymore 100 +/- stage fracs recently that are due to become public soon or what is going on with that tech? Surprised that WLL didn't carry that through to other wells after their initial results unless NCS was just too booked up to provide service. have you tracked the Missouri breaks well they did with 93 stages back in 14?

    from their website, NCS just did a 87 stage frac in Powder River for Devon in 85 hours
    Aug 10, 2015. 10:31 AM | Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    what are your thoughts on CLB CEO indicating that the carbonate formations in SA and Russia would be irreparably damaged with water intrusion if they don't decrease their pumping rates fairly soon? always enjoy reading your stuff...
    Aug 9, 2015. 09:52 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    this downspacing with more frac closer to the bore is what I would really like to learn more about.

    Thanks for the article, another good read with lots of detail for people to draw their own conclusions.

    Most reports that I have read referenced increased EUR's in addition to increased 90, 180, 270 production volumes. At what point in time would one expect the production curves to start tracking the old EUR curves?
    Aug 9, 2015. 09:21 PM | 1 Like Like |Link to Comment
  • Bakken Update: Answers To Why U.S. Oil Production Remains High While Prices Tank [View article]
    There was mosque bombed last week inside Saudi special forces compound not far from Yemen. A sunni group that claimed allegiance to Isis claimed it was them. Seems odd to me that they would go after the sunni special forces and their families that close to the Yemeni border. seems much more likely that it was Iranian supported group. It is starting to hit home in SA
    Aug 9, 2015. 09:01 PM | 1 Like Like |Link to Comment
  • Oil: Prices Will Rebound [View article]
    page 7 of the transcript in the Q & A

    Phillip Lindsay - HSBC
    I have a couple of macro questions, please. The Russia and the Middle Eastern production increases that you suggest are unsustainable. I can probably understand why you might think that about Russia. But, perhaps it's more surprising to hear that about the Middle East. Perhaps you could elaborate on that. And then, secondly, just interested in how you see the U.S., versus the international mix, evolving. This V-shape recovery you talked of. Thanks
    David Demshur - Chairman, President & CEO
    Yes, Phil. If we look at just production levels in the Middle East, you have all countries producing at, what we would think, would be maximum amounts of the amount that they can prove, very little spare capacity there.

    These are carbonate reservoirs. One of the dangers of producing maximum amounts, from carbonate reservoirs, is you start drawing larger amounts of water. And we would think, at the levels at which we see production throughout the Middle East, that they would be in danger if they continue with those levels, for producing larger amounts of water.

    And, one of the things about producing water from carbonate reservoirs, once you start producing larger amounts of water, you always produce larger amounts of water, even at reduced production levels. We know these guys are pretty sharp there and that, the statement of we do not believe that those are sustainable, are tied to water production levels.
    Aug 6, 2015. 03:44 PM | 3 Likes Like |Link to Comment
  • Oil: Prices Will Rebound [View article]
    thank you for your insight but as Core does reservoir consulting worldwide and in both Saudi and Russia please forgive me if I trust their CEO over you wrt the time frames before they begin to cause irreparable harm. I suspect that ships, airplanes, vehicles, trains will be powered by hydrocarbons long after we are both dead
    Aug 5, 2015. 10:16 PM | 2 Likes Like |Link to Comment
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