NEWS  STUFF

As Oil Bankruptcies Surge, Vulture Investors Start Their Long Feast
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Mixing Oil and Water
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U.S. Oil Production Has Already Passed Its Peak, Occidental Says
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Cartoon Of the Week

October 20, 2020

Orange County; 1913

October 19, 2020

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CHART  STUFF

Self explanatory: the US shale oil phenomena has NEVER made any profit in its existence and we are set to see
equity, debt and important US reserves get wiped off the books the next 14-15 months thru bankruptcy. 
Please notice how asset impairments begin 2H15; the shale oil industry is going backwards. 
We're dialed in to the future of hydrocarbons in the United States here at Oily Stuff and its going to be a problem, trust me. Folks that believe oil prices are going to help a capital intensive sector like shale oil, are wrong.
 
If I could find something good to write about the shale oil biz, I would write it. I can't. 

   QUOTE  STUFF

"Exploration & production people need to be saved from themselves. Otherwise they would drill & complete wells until they were broke again." The Financial Times

VIDEO  STUFF 

Ms. Catherine's IFR Drone Skills 

POSTS

October 16, 2020

396,000 marginal stripper oil wells produced 284 million barrels of oil in 2016 in the United States. 

So who really gives a rats ass, right? All of the US shale oil industry, from floor hand to CEO, thinks their shit doesn't stink and shale oil is America's future. The...

October 13, 2020

Decorating your wooden or standard derricks in the early 1900's with signs of your company, or the name of your well, appears to be sort of a California thing. I suspect this was partially due to the shear number of wells in urban areas like Huntington Beach, Signal Hi...

September 30, 2020

After last night's debate it's time to get off the fence and behind the next president of the United States, Mickey Mouse. He's the leader of our gang, now, clearly. He's got a cool car, a nice, outspoken wife and a really neat dog. He's a hand too...always has his wor...

September 17, 2020

Okeedokee; there were several  "joints"  along main street in Desdemona in North Central Texas in  1917; The Gusher looks to be the best spot. That's my kinda joint because a feller could walk right off the rig floor after his hitch and straight into the...

September 14, 2020

The Photography of Mike Rasco 

...

September 13, 2020

Almost 39 years ago to the day this little girl got her first overriding royalty interest in a producing oil and natural gas lease; the first of many in fact. She went on to become a doctor.

Twenty  months ago this little girl got her first overriding royalty inter...

September 7, 2020

This is my beat up, 30 year old Halliburton briefcase for the field that stays  in my pickup's toolbox pretty much full time. Its covered in hard hat stickers from all over the world and  its got crude oil splotches on it. Trust me, you would NOT want to lay your white...

September 4, 2020

This was an engineering marvel drilled by Shell (NFG) in Loving County, Texas in early 2019 that everybody liked to call the "horseshoe" well. The directional drilling community went bat shit crazy over this thing.

To circumvent a zone of extreme loss circulation in an...

August 25, 2020

Rising GOR in HZ Wells In The Midland Basin?

No problemos, says Enverus  

This was sent to me by a smart PE buddy of mine operating in the IB. It appears to be a recent quote from DrillingInfo (Enverus), a rebuttal to Scott Lapierre's work  regarding  Midland Basin...

July 29, 2020

Gotcha!  You thought this was going to be about Exxon and Hess and kick-ass offshore stuff, uh? 

Well, here is the aftermath of a infill, check that, inyard, gas blowout in Demerara, Guyana, July 2018.  The operator/homeowner was drilling an unpermitted water well...

July 22, 2020

I went to the United States Surfing Championships  down near San Clemente, California one year (about a hundred years ago)  with the Texas delegation and when the contest was over we got to surf some jetties near Seal Beach in South Bay, close to Long Beach Harbour. Yo...

July 20, 2020

This is July 18, 1918  and Kansas Natural Gas Company is in the process of discovering the  Elk City Field in Elk County, Kansas. The well name is the Simmons No. 2 and its cable tools had just banged out about 3 feel of Mississipian Limestone at 1,340 feet....

July 14, 2020

Monday the Small Business Administration  announced that the Federal Payroll Protection Plan, or PPP for short, was responsible for saving "one half of all Texas oil and gas jobs." A whopping 6,600 different oil producers, oilfield suppliers and service companies asked...

July 6, 2020

The Potrero del  Llanos No. 4 in the Golden Lane of Eastern Mexico,  fue el más grande de todos los pozos de petróleo, nunca...was the greatest of all oil wells, ever.  

...

June 23, 2020

Last week there were still 137 HZ rigs running in the Permian Basin. Whazzup with that? 

Oil and natural gas wells make money or they don't. They don't start making money until they have paid back ALL costs associated with acquiring the lease to  put that well on a...

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"The blog is one of the best for me personally; Mike is the Huckleberry Finn of the drilling industry."  James Regan

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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