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  1. Past hour

  2. Kalifornistan, CO2, clueless politicians, climate hustle

    Ward Smith replied to topic's Tom Nolan in Oil (General)

    Dan, You are so, so, so right! Petroleum powered vehicles put off tremendous amounts of pollutants which are toxic to human health. Alcohol (Ethanol) fuels put off NO toxic pollutants. Most cars (and of course "Flex Fuel" cars) can run on a high percentage of alcohol in the gas tank. It is the cleanest burning fuel, and is renewable, and can have a vast viable interactive eco-friendly, agricultural supply chain. It actually is THE solution for so many things, from cleaner to water, to healthier food, to wastewater cleanup, to local independent businesses, to .... David Blume details many aspects in his book (decades old) "Alcohol Can Be a Gas". I have the book. It is a tome of information. Organic Food, Fish, and alcohol production mixed... (10 minutes - QUEUED VIDEO)
  3. These interactive presentations contain the latest oil & gas production data from all 24,933 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through June 2020. Visit ShaleProfile blog to explore the full interactive dashboard Total production After a 30% drop in May, Eagle Ford oil production recovered by almost 100 thousand bo/d to close to 1 million bo/d in June (after upcoming revisions). Although natural gas production has held up better (toggle “Product” to gas), output for the month (~5.4 Bcf/d) was not far above the 2017 low. Supply Projection dashboard The outlook for the basin further worsened compared with last month, as 2 more horizontal rigs were dropped (to 10), according to the Baker Hughes rig count. In the hypothetical case that this level does not change, then our projection has output falling to below 0.7 million bo/d by the end of next year, as you can view in our Supply projection dashboard: Tight oil outlook for the Eagle Ford at current drilling levels and productivity. Top operators The 5 largest operators in the basin are displayed in the final tab. Of these, ConocoPhillips responded the most drastically as it shut in over 70% of its capacity by June. Advanced Insights The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview reveals the relationship between production rates and cumulative production. Wells are grouped and averaged by the year in which production started. As you can see, already before the impact from covid-19, well productivity seemed to have hit a ceiling in 2017 (even not taking into account more intense completions). This is confirmed by this screenshot from our ShaleProfile Analytics (Professional) service, in which I’ve selected only oil wells (a subscription only feature): Well productivity in the Eagle Ford. Horizontal oil wells only. Finally July production data for over 90% of the wells in the Eagle Ford is already available in our subscription services. Later this week we will have a post on gas production in Pennsylvania, which released July production data a few days ago (almost immediately afterwards available for our subscribers). Production and completion data is subject to revisions, especially for the last few months. Sources For this presentation, I used data gathered from the following sources: Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports. FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2FWChQj Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  4. This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 24,933 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through June 2020. Total production After a 30% drop in May, Eagle Ford oil production recovered by almost 100 thousand bo/d to close to 1 million bo/d in June (after upcoming revisions). Although natural gas production has held up better (toggle “Product” to gas), output for the month (~5.4 Bcf/d) was not far above the 2017 low. Supply Projection dashboard The outlook for the basin further worsened compared with last month, as 2 more horizontal rigs were dropped (to 10), according to the Baker Hughes rig count. In the hypothetical case that this level does not change, then our projection has output falling to below 0.7 million bo/d by the end of next year, as you can view in our Supply projection dashboard: Tight oil outlook for the Eagle Ford at current drilling levels and productivity. Top operators The 5 largest operators in the basin are displayed in the final tab. Of these, ConocoPhillips responded the most drastically as it shut in over 70% of its capacity by June. Advanced Insights The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview reveals the relationship between production rates and cumulative production. Wells are grouped and averaged by the year in which production started. As you can see, already before the impact from covid-19, well productivity seemed to have hit a ceiling in 2017 (even not taking into account more intense completions). This is confirmed by this screenshot from our ShaleProfile Analytics (Professional) service, in which I’ve selected only oil wells (a subscription only feature): Well productivity in the Eagle Ford. Horizontal oil wells only. Finally July production data for over 90% of the wells in the Eagle Ford is already available in our subscription services. Later this week we will have a post on gas production in Pennsylvania, which released July production data a few days ago (almost immediately afterwards available for our subscribers). Production and completion data is subject to revisions, especially for the last few months. Sources For this presentation, I used data gathered from the following sources: Texas RRC. Production data is provided on lease level. Individual well production data is estimated from a range of data sources, including regular well tests, and pending lease reports. FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2FWChQj Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  5. Today

  6. Tesla Battery Day (announcements on technology)

    ronwagn replied to topic's Rob Kramer in Renewables

    If your comparing all of canada sure. And the ford government did end tons of renewable subsidies and cancel tons of wind power projects. However Ontario rates were "froze" by law as they were rising to fast . But sneaky electricity companies raised delivery and fees to match so electricity didnt go up (but your bill did) . Also Ontario is still 12c off peak 18c on peak..... unless its covid and the gov said off peak hours only during pandemic. .... you still have to explain how 3-9c kWh in 09 became 12-18 as of today (excluding any fees) and also explain why wind and solar started in 08 (with the cost run ups every following year) .

  7. America Could Go Fully Electric Right Now

    Meredith Poor replied to topic's footeab@yahoo.com in Renewables

    The oil in ME is for USA's allies, not itself so... And ultimately humans do not play utopian Kum-ba-ya. All goes back to WTO if you asked me. Letting all the dictators trade on equal terms with democracies(allies). SOrry, that is utopian foolishness of the highest order and until this aspect of trade/world order is rectified: Greed/Dictators will win as those who want freedom, can't get it as those who have freedom have pissed away all their advantages for short term GREED.

  8. Amount of Oil Usage in the United States

    Chip Bole replied to topic's JoMack in Oil (General)

    The refineries are shifting to winter usage so there is usually a drop in prices. Large cities are still waffling on opening, so demand is still down and until a couple of months ago Cushing was almost at capacity but slowily showing signs of less inventory. The big mover will be when November 4 occurs, or litigation is finished with the mail-in ballot debacle. Either the coronavirus will become a second wave and a shut down will be in order if Trump wins or suddenly the virus will be over and prices will rise but then drop again when reality sets in on a Biden win. So that will be the determining factor for oil prices for next year. At this point demand is driven by political forces and not the market itself.

  9. .

    BLA replied to topic's Enthalpic in Oil (General)

    Not fixed sprinklers. Mostly vacuum trucks that fill up with waste and spray the stuff on the ground as they drive away from the site. It is still very much waste from oil and gas operations that is sprayed on the ground (sprayer is a sprinkler don't argue minor semantics). You said " operators of oil and gas do not use sprinkler systems for any reason whatsoever."

  10. Something wicked this way comes

    Ward Smith replied to topic's frankfurter in Geopolitics

    My data is insider. The problem is per your text: no reliable, public source. Let's consider Statista.com, in which case I must revise my number downward. Global recovered cases rounded to 23mm. Global deaths rounded to 1mm. 1/24 = 4%. Still very much higher than your number. Deaths are important, but the % of permanent injury is more important for the living, and this very high % is not reported in media, deliberately. All but the most mild cases result in reduced pulmonary capacity. So yes, people can defy the odds and live, but they live with damage to their organs. If you consider this acceptable, so be it. But I shall take precautions and wish my fellow citizens respect my life, as I do theirs, and act not to risk spreading the disease to innocents. You seem not to ascribe to such morals, so I am happy to be very distant from you.
  11. Ha ha, we can only hope. Imagine the demand for EV's!
  12. Like this?

  13. Natural Gas Saves Southern California From Blackouts

    ronwagn replied to topic's Eyes Wide Open in Nat Gas / LNG

    Great commentary, it is good to see true reflection on the state of energy. To your point the US and Germany spent a few billion and say 5/7 yrs developing a method to blow up the atom to produce unchained energy. One would think it is time to spend a few trillion using AI, Quantitative computing along side with human intervention to take the next step harnessing that event. Trillions upon trillions have been spent on green energy and where are we? Chasing windmills and batterys? Opps now as to world integration in regards to hygiene and health standards? It very easy to state the world has a long way to go.

  14. Famine, Economic Collapse of China on the Horizon?

    Dan Warnick replied to topic's Strangelovesurfing in Geopolitics

    All those new coal power plants coming online but not used to capacity are shining examples of this waste.
  15. Yesterday

  16. Why NG falling n crude up?

    PIKU GHOSH replied to topic's Tom Nolan in Nat Gas / LNG

    Mercury in Fish - One of the major sources of mercury in fish is from the burning of coal. Mercury is in coal. When burned, it goes into the atmosphere and comes down in the rain. When at Texas A&M with my Environmental Sciences degree (circa 2005-2008), I helped with campaigns to lower the number of coal burning power plants in Texas. At the time, Robert F. Kennedy, Jr. was one of the most active Environmental Scientists and Attorneys fighting the coal industry because of mercury pollution in our waterways. An Environmental Attorney has an incredible amount of training with U.S. codes and EPA regulations and law. His WEBSITE used to be called "The World Mercury Project". That website name has now changed to Children's Health Defense.org https://childrenshealthdefense.org/known-culprits/mercury/thimerosal-history/thimerosal-faq/ QUEUED VIDEO to MERCURY and COAL

  17. Ten Years of Plunging Solar Prices

    BradleyPNW replied to topic's Jay McKinsey in Renewables

    According to Tesla all they need to extract the Lithium is water and sodium chloride. So much for your iridium constraint.

  18. Permian in for Prosperous and Bright Future

    ceo_energemsier replied to topic's Gerry Maddoux in Oil (General)

    That statement, sir, is going to surprise many oilmen more than did the coronavirus!

  19. CO2, Climate Change, "The Pandemic is a Test Run"

    Tom Nolan replied to topic's Ward Smith in Geopolitics

    "Death cult" indeed. Just more fear mongering for control. Limbic programming. This concept of zero consumption economies is ludicrous on the face of it, but elitist economists are never held to account for their blatant stupidities. After all, they're solving the problem they chose, not the problem at hand. "Bread" but no circuses.

  20. Airbus Designs Hydrogen Plane Concept

    ronwagn replied to topic's Dan Warnick in Renewables

    The aviation industry has fallen into the green trap on emissions and struggles every single day, and spends millions, to keep the crosshairs off of them. This is no exception. Airbus knows very well that nothing will come of this, but they also know very well that they can turn this game to their advantage to get otherwise unobtainable subsidies from EU member countries, especially Germany. Airbus has made HUGE product offering mistakes in the past (A340 & A380) that they are still paying off, or would still be paying off if the government subsidies weren't permanent. They've paid the fines, after losing lawsuits brought about by Boeing and the U.S. Government for those subsidies, but those fines didn't amount to the cost of 2 A380s, so it was a good trade-off to get the subsidies and pay the fines. If the greenies are going to shoot for the stars with outlandish regulations, the industry has simply decided that they will also shoot for the stars with their claims of heading for zero emissions. Take care when reading any headlines about aviation making substantial headway towards any of these green goals. Carbon offset taxes were forced on airlines flying in/out of Europe some years back and, as many readers on this site already figured out, it turns out that paying those offsets have now become a permanent tax that is passed on to the consumers. Also, surprise, surprise: the taxes didn't make the emissions go away. Who knew? All you have to do is read between the lines, for example in the article linked in the OP: (Quote) It cautions however that "this level of fuel production could only be achieved with extremely large capital investments in sustainable aviation fuel production infrastructure,T and substantial policy support." Faury stressed on Monday that "decisive action from the entire aviation ecosystem" as well as "support from government and industrial partners" will be needed for the company to reach its 2035 target. The EU aims to become the world's first carbon-neutral region by 2050 and has made hydrogen a cornerstone of its strategy. Hydrogen is a gas that makes up 75 per cent of the universe and which does not emit any carbon dioxide when used but it is difficult to isolate. A new European Clean Hydrogen Alliance aims to invest €430 billion until 2030 to scale up the hydrogen value chain across the Old Continent. (End quote)

  21. US after 4 more years of Trump?

    UNC12345 replied to topic's Eyes Wide Open in Geopolitics

    I am quite sure Bloomberg has contributed 1 billion dollars to the Democratic party's effort to thwart Trump since 2018. One cannot help but notice the center of the entire Trump resistance movement centers around NY. From legal investigation processes to extreme financial enrichment. I once followed a thread that van Eck went Into some depth on the culture of a certain brokerage institution. Frightening to say the least, such as Bloomberg who's ties are deeply entrenched into China. Then there is the fbi branch in NY that are deeply entrenched into investigations of any matters involving Trump.. And not a word from our press, nor Barr. Aside from sitting down a key fbi director...My opinion Bloomberg is the deep state...will your mileage vary...but of course comes to mind.

  22. Natural Gas direction and forecast on 21--26 September 2020

    A/Plague commented on blog entry's A/Plague in Trading

    today SELL + BUY . specified in the comment to the post . https://wavesmarkets.blogspot.com/2020/09/natural-gas-direction-and-forecast-on_21.html…. is taken
  23. Zero jealousy. Canada is an exporting nation, having a lower currency is advantageous to us. When I travel to the US currency exchange is offset by lower prices in many instances. We pay a lot of "sin taxes" in Canada.
  24. Last week

  25. Percentage of Renewables Made in U.S.A.

    ronwagn replied to topic's ronwagn in Renewables

    Elon Musk says we have plenty of lithium right here in America. I knew that but Tesla has 100,000 acres in Nevada for lithium mining and a new cleaner process for processing it and returning the earth back to the land. More nickel is needed so maybe we have enough of that to.
  26. It's mostly disappointing, we were doing fairy well. Canada has had far fewer cases and our population is much more spread out. There will flair ups for a long time to come without a highly effective vaccine that people actually take. 50% of the people taking a vaccine that is only 50% effective, even after two doses, won't cut it IMO. Still so much to learn about this nasty bug and the response to it; people will be publishing like crazy for a long time (epidemiology, economics, sociology, etc.). Once again, I hope you are right, but fear for the worst. Cheers.
  27. My Topic on China https://docs.google.com/document/d/1Wb2YoQGpSWTz32ljsiA_ey6FLVqc2Dpe7Fnpiqn9lBs/edit# Recent Stories https://www.theepochtimes.com/sen-ted-cruz-on-the-strategy-to-defeat-chinas-communist-party_3506709.html Sen. Ted Cruz on the Strategy to ‘Defeat’ China’s Communist Party BY JAN JEKIELEK September 19, 2020 Updated: September 21, 2020
  28. Well oil-on-water has now normalized. Onshore storage next. So far so good. It looks situation is not as bad as I thought even 5 minutes ago.

  29. .

    BLA replied to topic's Tomasz in Oil (General)

    Maybe a few facts for BLA about aging russian fields A professional report by the Oxford Institute for Energy Studies on the Russian oil sector. Below is a summary for the lazy https://www.oxfordenergy.org/wpcms/wp-content/uploads/2019/09/The-Future-of-Russian-Oil-Production-in-the-Short-Medium-and-Long-Term-Insight-57.pdf?fbclid=IwAR19KdONZKs0rsJ4GM_4lLs38regRzjE7ij_xlEA1fx1pv-vC2Wz7e7Frb0 Secondly oil and gas is not 40 % of russian economy. Last time as I check it I find something rather like 18 % of gdp not 40 % of gdp. I also found information that booming oil and gas sector is now 8 % of US economy - I have somes suspicions but I found such an information on official page. US economy of course is so big that Im not so sure its true but lets leave it in this way. Lets look on oil rent from World Bank in comparison with other countries https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS?locations=RU And if you are rightly pround of shale oil formations in USA please dont forget about Bazhenov formation in Western Syberia - hard to produce but biggest on the planet. Did you forget about oil deal of century with Exxon? It was about this field. Gazprom Neft will try to start commercial production about 2025. https://www.reuters.com/article/russia-shale-kemp/column-the-big-one-russias-bazhenov-shale-kemp-idUSL6N0PR1OP20140716 https://www.reuters.com/article/russia-gazpromneft-shale/russias-gazprom-neft-sees-bazhenov-shale-oil-commercial-output-in-2025-idUSL8N1QI7OA
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