NEWS  STUFF      

Shale Oil Passed Its Peak Without Making Money
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Russia Supports Deeper OPEC+
                            Output Cuts
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Energy Capital Pauses Pipeline Deals on Widening Shale Despair
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Investors Tightening the Screws on Oil, Gas Acquisitions
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RECENT POST STUFF

Cartoon Of the Week

February 23, 2020

Friday Night Lights

February 20, 2020

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CHART  STUFF

shaleprofile.com

 
Folks struggle with the concept that nothing in the oil business lasts forever, including shale oil.  That's likely  because of the abundance "hype" we hear from our own government, the number of drillable locations  that shale oil companies lie about all the time in their IP's and technically recoverable resource estimates made by outfits like the USGS and Rystad.
EOG is the irrefutable world's  heavyweight champion of shale oil development, and its home is the Eagle Ford shale play of S. Texas, particularly Gonzales County. The map on the left shows not  very many EF shale oil wells  were drilled
in Gonzales County in 2019 by EOG, because it is  likely running out of damn room,  and those wells that were drilled were lagging far
behind in terms of previous years' productivity, likely because of over drilling.
The shale oil industry is drilling itself out of business at an alarming rate and in the process driving the price of oil down. Even mighty EOG will be out of its locations soon and when they move away from their sweet spots, productivity will decline even more.
Then what? To hell with EOG; then what for America?  
 

   QUOTE  STUFF

"The report warns that global production growth may therefore soon stall due to the dodgy debt-driven economics of the US shale industry. While Saudi Arabia will no longer be able to ramp up production much, the US shale oil sector could be on the brink of unravelling due to massive unrepayable debts, declining production rates, and poor well quality. "
Government Agency Warns Global Oil Industry Is on the Brink of a Meltdown, click to view

POSTS

January 1, 2020

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...

January 15, 2019

This is one of our favorite videos at Oily Stuff. We like the music but we like the message too; that the oilfield never sleeps. It goes around the clock, seven days a week, rain or shine.

Life for stripper well operators in America is slowly being lost; older generati...

November 23, 2018


A repeat post from a year ago and a reminder that there IS a whole other oilfield in America still kicking, in spite of overleveraged LTO oversupply, OPEC and a president who has no earthly idea what the domestic oil industry in the United States, all of it, really ne...

Please click 'vimeo' on the window for optimum video resolution.

Job: pre-packing perforated interval inside 5 1/2  in. 23 lb.ft. production casing prior to screen and liner backoff, use of X-over gravel pack tool and eventual packer isolation; MCA Petroleum Corporation...

America's stripper well operators do it all, from start to finish. We map it, we lease it, we clear the title and file the permits. We build the location, drill it, complete it, nipple it up and put it to the tanks. Legally and within all the rules and regulations. We...

February 14, 2018

Stooges Well Control Co. on a big job in Southern California, 1948. From the presentation, The History of Oil Well Firefighting and Blowout Control  

January 24, 2018

Myron M. Kinley (1898-1978);

The 'Father' of Oil Well Firefighting & Blowout Control

Much of the film used in this video is very old and was originally shot on 8 MM format and converted to digital for production purposes; the quality is not very good, unfortunately.

Ple...

October 4, 2017

This is a short video used in the presentation, THE HISTORY OF OIL WELL FIREFIGHTING AND BLOWOUT CONTROL. From 2001 to 2008 I must have given this presentation to 10,000 people or more, from San Diego to Bismarck, Four Lauderdale to Houston. Once in Perth, Western Aust...

September 18, 2017

This is one of our favorite videos at Oily Stuff. We like the music, but we like the message too; that the oilfield never sleeps. It goes around the clock, seven days a week, rain or shine.

Life for stripper well operators in America is slowly being lost; older generat...

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Who's Stuff Is This?

" I was born and

raised, literally,

in the oilfields of

South Texas over

68 years ago.

I have pretty

much seen, and

done, it all."

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