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If it were not for Loving County, where most of Oxy's Bone Springs wells are still good,  the $56 billion dollar acquisition of Anadarko would be a complete financial bust.  Please note, Oxy has drilled no wells in Reeves in 2023
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Video Stuff
  Quote Stuff 

There are always little things, whether it is re-fracs or enhanced oil recovery on shale wells," said Dane Gregoris, managing director for Enverus. "But that is not going to give you growth. It's not scalable enough to reverse the growth declines that the U.S. will begin to experience."

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Oil fires are hot ! Much hotter than gas well fires, even when there is condensate or NGL"S involved. Behind me is what is left of a 14 foot high substructure on a 1,500 HP doubles rig. It took three days for that substructure to melt like that. We're about to start hooking shit with an Athey Wagon hook to pull it away from the BOP stack, or what is left of THAT.

I've got the wrong color coveralls on for not having  any water sprayed on me and I recall being a hot son of a bitch taking this  photograph...by Joe Carpenter, BTW. 
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 Stuff  To Think About 
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The USA is sitting on its shale oil ass

for sure. We have 4% of the worlds oil reserves, are the 2nd largest oil exporter but the No. 1 oil CONSUMER in the world. We'll never get any more import help from  the ME and we'll have to TAKE it from Venezuela. 

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I do this blog stuff for fun, not to make money. I am not trying to sell you anything.  

The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.  I may make data related mistakes  occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means.  Don't blame me,  I didn't do it.   

                                                                                                                                                     Mike Shellman 
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