Quote Stuff

“Global oil and gas discoveries have been on a constant shrinking trend prior to and over the last decade, with oil discoveries reaching a low of 3.8 Bbo (billion barrels of oil) in 2016; in 2020 it was 4.3 Bbo.  During the [decade], 89 Bbo were discovered while 289 Bbo of reserves were produced, a ratio of over 3 to 1, which is unsustainable.”
                 Rafael Sandrea, Energy Policy Research Foundation

Permian Basin pipeline capacity to the Texas Gulf Coast is now 
overbuilt by 2-3 MM BOPD. Built on borrowed capital, on the false 
notion of shale oil abundance, they'll stay empty.
See it on Forum Stuff 
Video Stuff

Timelapse sequence video of a Marathon well being drilled in the Eagle Ford shale play of South Texas. Very cool! 

 CURRENT POSTS

Oily Art by Mike.JPG
  • Vimeo
  • Twitter
  • LinkedIn
 Sign In:  
Readers can subscribe to the blog to
to receive notices of posts and can become a site member to participate in forum discussions. Sharing your email address would be dishonest and I don't do that kind of stuff. You can unsubscribe anytime, for any reason.
Copyrighted 2017; Oily Stuff Blog and Oily Stuff Productions; San Marcos, Texas 
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 
Header Photograph by Robert Flaherty
Page Photograph by Mike Rasco
Website Design by Oily Stuff Productions @ 2020 
Reading Stuff