NEWS  STUFF      

        Inside the Biggest Oil Meltdown
     in History
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Saudi Arabia Faces an Unprecedented Crisis
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Oil’s Sudden Rebound Is Exposing the Achilles’ Heel of Shale

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ExxonMobil, Pioneer Propose A Methane Monitoring Network For Texas Oil Fields
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RECENT POST STUFF

Kinley in Romania; 1931

May 24, 2020

A Glimpse At Current Debt Restructuring In the US Shale Oil Sector

May 22, 2020

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CHART  STUFF

Returns offered to shareholders from oil and natural gas E&P's began deteriorating in 2010-2011 and could not keep up with the S&P 500 Index. That likely occurred because of the 'growth over profit' business model and when the shale sector started to become heavily debt ridden. Now it does not help that it costs approximately $20 billion per year for the shale oil  sector alone just to service  debt. Thats $55MM per stinking day in interest !! 

   QUOTE  STUFF

"Such is America’s reliance on new drilling that 55% of the country’s shale production is from wells drilled in the past 14 months, according to ShaleProfile.com" Bloomberg 

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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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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    NIGHT SHIFT        the video 

     Header Photography by

            Robert Flaherty