Oily Stuff

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The internet has made oil analysts and "experts' out of just about everybody. Folks that just five years ago never thought twice about oil economics, decline rates and depletion are all eaten up with it now, like a video game.  

Rule 1 to an...

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Less than 1% of America's population is fortunate enough to have mineral interest under America's shale basins and they have racked up over a half  trillion dollars of free royalty income and lease bonuses since 1993 and the onslaught of shale gas in the Fort Worth Bas...

This is a wellhead sample taken this  morning on  a recently reworked well where the gas to oil ratio has mysteriously taken a sudden,  big jump upwards. I believe this is related to primary cement integrity and  behind pipe communication with an overlying gas cap. Tha...

119 years ago today, January 10, 1901, Spindletop came roaring to life in Southeast Texas and the beginning of oil era commenced.

She was awesome in her debut and the ensuing development of the salt dome was nothing short of spectacular with oil blowing everywhere, mass...

We discussed this big, long, expensive Medusa  pig before on Oily Stuff here, after it set Permian Basin records for the longest lateral, and updated it again, here, after it was completed.

We now provide an update on it herein, after month four, where productivit...

Energy Producers’ New Year’s Resolution: Pay the Tab

for the Shale Drilling Bonanza

"$200 billion in shale debt due in next four years. Roughly $200 billion in North American oil and gas debt will mature in the next four years, according to the Wall Street Journal, whic...

The kelly and swivel was on the drill pipe when this loss of control occurred. The Hydrill did not close because the flow was clearly annular, around the kelly and up against the floor and rotary table slot, or key, whatever you want to call it. The flow was great enou...

I know some of you have seen this before, but let's see it again this New Years Day, for 'ol times sake.  It would make me happy if people were to remember there is a whole 'nother oilfield out here, out of debt, working from true net cash flow and providing secure job...

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If you are a shale oil cheerleader, and there is still a bunch of them around; you need to stop what you're doing and immediately get some help. If you are a full time internet predictor of all things shalely, and chose to ignore economics and finances, it's too late f...

Found it! In a box of old photographs, business cards, patches and hard hat stickers. It had $2.89 in it too!

Hot Diggity Dog. 

In 2019 reasons to slow, even STOP oil exports from the U.S. grew. Selling America's remaining oil resources at a financial loss, extracted on credit, is bad for our nation's long term energy security.

Beginning in the mid 1980's and for 18 years thereafter I drew Christmas cards to send to my working interest owners, land owners, service contractors, etc.; some 200 cards every year. My daughter and I sat at the kitchen table in the evenings and hand colored every on...