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! 


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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.   

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