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


Cartoon Of the Week

February 23, 2020

Friday Night Lights

February 20, 2020

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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?  


"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


February 20, 2020

Click on this image and watch in real time how gas flaring has grown in Texas and North Dakota from January 1, 2018 to February 15, 2020

You can tinker with the Sky Truth satellite image, above, all you want and zero in on any area in the world you wish. If you chose th...

February 16, 2020

I suspect everyone has already seen this little film of oilfield vehicles and oilfield roads in the 1920's; if you have just skip it and move on to the little story about the brief, young life of Chigger Brown from Cisco, Texas. Otherwise it sort of sets the stage for...

January 10, 2020

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...

January 6, 2020

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...

December 11, 2019

From the contents of this one ton, crew cab truck we can fix almost anything in the oilfield you can possibly imagine.

We can chop saw it, chain saw it, grind it, thread it, heat it up, shake it out, cut it, weld it, clean it, gauge it, measure it, mike it, calibrate i...

November 29, 2019

Market "challenged" is  the politically correct manner of saying the shale oil industry is as dumb as a box of hammers with regard to its inability to predict world oil markets and help prevent price volatility.  

Saudi Arabia said this morning it has had a be...

November 10, 2019

This is a good story about a fine young man and his American dream. I am proud to have had a tiny little something to do with it.

October 19, 2019

An interesting job this was, one side of a dual completion gas well in the Bolivian jungle, 1996. You can read a little more about it, here.

October 6, 2019


In 2018 Oily Stuff  awarded its prestigious,  Dumb As a Fence Post  Award  to a corporation that paid $102,000,000 (million!) for an 1,180 acre mineral lease, with a 10 year term, in the Delaware Basin of New Mexico. After development costs we est...

September 25, 2019

I wrote this in 1997 and it was published by Hart. Pretty cool, uh? Notice, please, the word shale never came up once. Nobody would even think about publishing something like this now days.

The price of oil back in 1997  was wandering around $18.50 per barrel, I was run...

September 22, 2019

Corpus Christi; 1950

I love this photo for the Cletrac dozer in the foreground. In the absence of an athey wagon boom this would have worked just peachy. The blade as been taken off the front of it and the back of the tractor is wrapped in  tin with sort of an overhang...

September 18, 2019

The XIT Ranch in the Panhandle of Texas (1885-1912) contained over 3,000,047 acres and  was once the largest working cattle ranch in the world. It stretched from the Oklahoma state line all the way down thru the middle of Hockley County, was nearly 200 miles long and 3...

September 1, 2019 sang Crosby Stills and Nash. 

The drilling rigs I use generally have two, 12 hour tours (called, 'towers' in oilfield lingo); some tours are easy, others not so easy, it just depends which tour gets most of the work that happens at the end of the well. On a d...

August 22, 2019

Please click to enlarge image

By the end of 2016 a total of 41,752 horizontal shale, or shaley carbonate wells, had been drilled in five of America's largest shale oil basins, the Bakken, Eagle Ford, DJ, Permian and Powder River of Wyoming. In 2015 those 41,752 shale oi...

August 21, 2019

This was a little blowout in Refugio County in 1997 for Anderson Oil Company, I recall,  in some Frio sands on the flanks of Tom O'Connor Field about halfway between Victoria and Refugio, not far, in fact, from Greta.  It was early February. I got the call about 3:30 o...

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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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