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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RECENT POST STUFF

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

December 19, 2018

There are lots of cool things going on in this photo. The draw works and rotary table are all mounted on a permanent skid that slid into place on a wooden platform, under the  wooden derrick and I love how the gears and sprockets are all aligned and tightened with turn...

November 26, 2018

This is a slick little pulling unit. It appears incapable of getting stuck in wet conditions, which is really cool. The mast is raised hydraulically and the rig operator does not have to even get out of the cab to pull rods.  Hopefully it is  heated because Azerbaijani...

November 19, 2018

This is fairly typical 20,000 PSI  sub-sea BOP stack, probably 18 3/4" (for 17 1/2" drill bits),  for modern deep-water oil and gas wells being drilled all over the world these days.  Its about 60-65 feet high, at least. It will close on anything; drill collars, tool j...

November 5, 2018

This is a cool photograph. Its obviously uncontrolled water flow from a producing well (workover rig with the floor chained back, not a drilling rig).

Red Adair was quoted several times, including in his book, An American Hero, that often when  he went on a blowout and...

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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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             Robert Flaherty