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 3, 2020

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...

September 4, 2019

Six years ago I made a bet with a prominent Texas geologist based on 40%, over or under. We both had been thru the Austin Chalk fiasco in the early 1980's so we picked forty to represent    the percentage of total wells drilled in the Eagle Ford, unconventional shale p...

August 25, 2019

                           The role of a "wiper plug" in single stage cementing of a casing string; 1:40 minutes

Consultants, supervisors, company men and rig hands in drilling operations all get exha...

August 7, 2019

This little well is 50 years old this month. So, in honor of her birthday she got a bath and a complete  make-over recently. She is  located in a  40 acre pooled unit that has three mineral owners in it, including the local school district and a very rural, Baptist chu...

July 2, 2019

We had an office in Maturin and did quite a bit of work in Venezuela. I do not know if Boots and Coots (Halliburton) even  has a presence in Venezuela anymore, if so, why it would. There is not much left of the oilfield down there, nor the country, sadly.  I love Venez...

May 14, 2019

My buddies, David Thompson and James Tuppen, Boots and Coots, Inc., 1989-1990.  This was an over-pressured Tuscalossa well for Amoco in Lafayette Parish. The well kicked up 5 inch DP and floor hands stabbed the DP with a TIW valve. It leaked so they stuck another TIW v...

January 22, 2019

Hercules Rig 265, for Walter Oil and Gas, Inc. off Grand Isle, Louisiana; 2013. This is a pretty well known blowout so I won't go into all the  gory details. The well kicked during completion work, zinc bromide completion fluid was not sufficient to balance BHP, it got...

October 24, 2018

                           Red Adair, left, with the heat shield; Myron Kinley on the immediate right

I have this photo in my 'Kinley' files but I thi...

March 24, 2018

I can tell Coots Matthews stories all day long. He was my hero and I am blessed to have known him and had the great privilege of working along side him.

I use to ask Coots to tell me stories, like a little boy would, and though I'd probably heard them before from him,...

February 19, 2018

This single pole pulling unit is currently located in a museum at the La Brea Tar Pits near Olinda, California and is of obvious historic importance to the history of oil in California. 

The problem with all this, as I see it, is that I worked on a rig just li...

December 11, 2017

It almost never does this, whatever it is, in S. Texas. When it does now and then it's fun to look at for a few hours, then, generally speaking, we want the shit to go away and not come back for another 9-10 years.  

November 22, 2017

Meet the Directors of the Energy Information Agency (EIA)  and the International Energy Agency (IEA),  both of whom are responsible for their respective  organizations grossly over estimating the future of American unconventional shale oil...

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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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