Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

16 years to fully develop Bakken

Fully developing the oil field in North Dakota may take another 16 to 18 years. That is the comment from Lynn Helms in an interview on “Platts Energy Week”.

North Dakota’s oil/gas boom to get even bigger, official says is the article that discusses the interview.

Other interesting comments-

As I’ve read elsewhere, he said there are an additional 35,000 wells to drill. At a rate of 3,000 per year now, that would be 13 years at the current rate of drilling.

There is not enough infrastructure to get gas to refineries. He estimates that 30% of the gas coming out of the ground is flared off. It’s just not possible to get that gas to market, so it is burned off..  Lots of gas pipeline is being installed on the scale of cost around $4 billion. Yes, $4 billion invested just to carry the gas to refiners.

Other big challenges are insufficient housing for workers and pipelines for oil.

As I’ve said before, it looks to me this boom is going to run for decades.

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: