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03-16-2020, 02:01 PM
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#16
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,673
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Quote:
Originally Posted by nevergaveitathought
aint hardly no body frackin a thing in texas
all but majors finishing up
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Just cap the walls, lay off the drillers, and ask your lenders to reschedule your debts. When prices recover, you do it all in reverse - rehire, uncap the wells and resume debt servicing.
The US fracking industry is now effectively the world's swing producer. They operate a just-in-time oil and gas inventory system.
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03-16-2020, 02:09 PM
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#17
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,673
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Question for you wildcatters - if you cap a fracking well, does the field deteriorate over time in terms of how much oil & gas you can recover later on when you uncap it and resume production?
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03-16-2020, 02:33 PM
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#18
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Valued Poster
Join Date: Jan 18, 2010
Location: texas (close enough for now)
Posts: 9,249
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Quote:
Originally Posted by lustylad
Question for you wildcatters - if you cap a fracking well, does the field deteriorate over time in terms of how much oil & gas you can recover later on when you uncap it and resume production?
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most all wells you frack
frackings been going on since the 40's
if you shut in a well (not cap, capping is what you do when you abandon the well), you just don't run the pumps, but all equipment, like people, deteriorate with time, and idle people and equipment can deteriorate faster
but you have to be wary of your lease as you can lose the lease if you don't produce in paying quantities within the terms of each individual lease
a field doesn't deteriorate without production but it can be drained by production. all formations have a decline curve, with flush production levels declining over time
and wells are all different even in the same formation, some in much sweeter spots than others
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03-16-2020, 03:16 PM
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#19
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by nevergaveitathought
aint hardly no body frackin a thing in texas
all but majors finishing up
saw exxon head claim on tv their shale in the permian was profitable at below $40
maybe just
and now oil today is $28.82 and with a 70% lease its $20 to the wi
exxon just had their bond rating decreased
got a buddy in the workover business- no independent is hiring workover, when a well goes down, tubing needing pulling or the downhole pump or anything else, the well is offline, , the rrc is keeping him in operation plugging abandonments
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According to ff,bambino, lusty and gnad....this is great news!
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03-16-2020, 03:27 PM
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#20
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by friendly fred
Lower oil prices are universally agreed to be better overall for the economy.
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If they lower the price of your Cialis but there is no pussy to spend the savings on....will you then guck lustylad?
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03-16-2020, 03:28 PM
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#21
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Valued Poster
Join Date: Dec 31, 2009
Location: dallas
Posts: 23,345
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Fascist DPST's do so love to spout their foolishness as attributed to others.
As if they know exactly what others think!
Of course One, does, ftw!
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03-16-2020, 03:29 PM
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#22
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Valued Poster
Join Date: Dec 31, 2009
Location: dallas
Posts: 23,345
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Quote:
Originally Posted by WTF
If they lower the price of your Cialis but there is no pussy to spend the savings on....will you then guck lustylad?
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Typical fascist DPST response to serious questions.
pathetic, ftw.
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03-16-2020, 03:29 PM
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#23
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Valued Poster
Join Date: Jul 24, 2014
Location: Pittsburgh
Posts: 3,267
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Quote:
Originally Posted by WTF
I tried to tell you Trump lovers that Iran would be a better ally than SA.
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Are you really fucking stupid enough to post an article that discussed Iranian backed militia lobbing missiles and killing American servicemen as somehow showing them to be a better ally.
And I'm sure you are also well aware that given the opportunity Iran would be trying to flood the market with oil to fund their terrorist support.
And lastly, under Obama's mess of an Iranian treaty Putin made out like a bandit with enriched uranium and other benefits.
Iran a better ally than SA. Jesus Fracking Christ Man.
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03-16-2020, 03:30 PM
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#24
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Who is ftw and wtf are you talking about? This is a discussion about geopolitical oil market grab. Do you have anything useful to add?
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03-16-2020, 03:30 PM
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#25
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,673
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Quote:
Originally Posted by WTF
According to ff, bambino, lusty and gnad....this is great news!
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According to ignorant fucktards like you, this chart is terrible news!
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03-16-2020, 03:34 PM
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#26
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by lustylad
According to ignorant fucktards like you, this chart is terrible news!
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Watch what happens come November if Pennsylvania and Ohio are shutting down more and more fracking wells....
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03-16-2020, 03:38 PM
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#27
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,673
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Quote:
Originally Posted by WTF
Watch what happens come November if Pennsylvania and Ohio are shutting down more and more fracking wells....
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Been there, done that. We'll just send those Halliburton cowboys back home to Texas for another vacay. What's your point, simpleton?
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03-16-2020, 03:43 PM
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#28
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by eccielover
Are you really fucking stupid enough to post an article that discussed Iranian backed militia lobbing missiles and killing American servicemen as somehow showing them to be a better ally.
And I'm sure you are also well aware that given the opportunity Iran would be trying to flood the market with oil to fund their terrorist support.
And lastly, under Obama's mess of an Iranian treaty Putin made out like a bandit with enriched uranium and other benefits.
Iran a better ally than SA. Jesus Fracking Christ Man.
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How many 9/11 hijackers were Iranian?
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03-16-2020, 04:02 PM
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#29
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Valued Poster
Join Date: Jul 24, 2014
Location: Pittsburgh
Posts: 3,267
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Quote:
Originally Posted by WTF
How many 9/11 hijackers were Iranian?
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How many were under the direction of the Saudi leaders?
Now you are reaching. How about any Iranian atrocities and directed attacks at US servicemen?
How many SA attacks directed at US servicemen?
I thought as much.
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03-16-2020, 04:13 PM
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#30
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Valued Poster
Join Date: Jan 27, 2018
Location: Back in Texas!
Posts: 7,196
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Quote:
Originally Posted by WTF
If they lower the price of your Cialis but there is no pussy to spend the savings on....will you then guck lustylad?
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Make sure you wash your mouth with soup for 20 seconds after you suck someone's dick who just stuck it in a faggots ass!
That will help prevent you old body from contracting coronavirus...
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