Quote from: RE on Apr 25, 2024, 02:03 PMStill MOAR efficient ways to suck every last drop of oil from every crevice in every rock on the planet!

https://www.reuters.com/markets/commodities/new-technology-helps-us-shale-oil-industry-start-rebuild-well-productivity-2024-04-24/

New technology helps US shale oil industry start to rebuild well productivity

RE

Bad conclusion early. Yet another case of some writer having information but not quite figuring out how to use it prior to revealing that in thir words.

This is a correct statement.

While overall output is at record levels, the amount of oil recovered per foot drilled in the Permian Basin of Texas, the main U.S. shale formation, fell 15% from 2020 to 2023, putting it on par with a decade ago, according to energy researcher Enverus.

This is not.

That is because fracking, the extraction method that emerged in the mid-2000s, has become less efficient there. In the technique, water, sand and chemicals are injected at high pressure underground to release the trapped resources.

Enverus certainly has researchers, and they usually aren't sloppy. Answering this question correctly wasn't hard, took about an hour (was in a hurry before this years Super Bowl started). It isn't about the less efficient application of hydraulic horsepower but rather well placement options and the underlying geology available as a play transitions from new acreage build outs and lease holding to more steady state development and refinement of interference patterns in small areas.

Here is a perfect example of why you have no credibility and get yourself thrown in the cooler so often.

You start off fine responding on topic to a linked article.  You post some information of value.

But then you go and fuck the whole thing up because you can't resist throwing out a gratuitous insult at somebody.

Quote from: TDoS on Apr 29, 2024, 01:09 PMSome low end flunky wouldn't know that,

WTF do you feel the need to demean this person?  Subcontext: You have to puff yourself up as the big expert by comparison to this guy.  At least we know the low end flunky's name and his job and where he worked!  That's more than we can say about you.  You don't enhance your credibility with this kind of disrespect of other people, you reduce it.

For insulting a 3rd party contributor of information to the Diner, you will get another short trip to the cooler.  Next one, I'll start upping the length of the sentences again.

RE

Quote from: TDoS on Apr 29, 2024, 01:21 PMIt isn't about the less efficient application of hydraulic horsepower but rather well placement options and the underlying geology available as a play transitions from new acreage build outs and lease holding to more steady state development and refinement of interference patterns in small areas.

So what?  They are drilling more and are down 15%.  Since every foot of drilling costs money, it's a smaller profit margin.  As long as the margin is enough they can service the debt they have, they'll keep drilling.  When they can't, they'll go BK.  Unless of course they can convince the financiers to roll over the debt in hopes the price they can get for it goes up.  Or convince the banksters production will increase again because they have a new, new fracking tech they are going to try, they just got some MOABs* from the military to blow the living shit out of the bedrock and oil will come spurting out like the cum shot in a John Holmes porn movie from the 70s.  That's what they hire geochemists for.



*- Mother of all Bombs

RE