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.
The boom in oil is creating a boom in mining sand.
The Wall Street Journal reports in Midwest Sees a Sand Rush that the huge amount of oil and gas exploration is creating a boom time in pulling sand out of the ground. Continue reading “Sand boom from oil boom – and some of the economics of fracking”
The astounding news just keeps on rolling in. Here is another name to remember for energy issues – Green River.
Testimony to Congress this week from OMB’s Anu K. Mittal, Director, Natural Resources and Environment, indicates there are tremendous opportunities and challenges from oil shale underneath western Colorado and eastern Utah.
The written testimony is in UNCONVENTIONAL OIL AND GAS PRODUCTION – Opportunities and Challenges of Oil Shale Development
The Green River Formation has an astounding amount of oil shale. From the report’s summary:
Tapping the vast amounts of oil locked within U.S. oil shale formations could go a long way toward satisfying the nation’s future oil demands. Oil shale deposits in the Green River Formation are estimated to contain up to 3 trillion barrels of oil, half of which may be recoverable, which is about equal to the entire world’s proven oil reserves.
Count of oil field drilling rigs week of May 11 – 209 & 282.
Continue reading “Rig count in Bakken and Eagle Ford fields – 5-11-12”
The University of Texas at San Antonio released a report describing the Economic Impact of the Eagle Ford Shale.
The study describes the same boom-time problems in the Eagle Ford field as exist in the Bakken area – restaurants struggling to hire enough staff to stay open, hotels fully booked, RV parks going up everywhere, and a crush of school children arriving for classes whose parents are living in an RV & not paying property taxes to fund the schools.
The report describes in detail that production increased dramatically from 2010 to 2011. It makes projections for 10 years out. Continue reading “Eagle Ford shale field production – economic impact report”
I’ve mentioned the potential to see huge increase in oil and gas production in the U.S. in several posts. Start looking here, here, and here.
It’s not just the U.S. that could see huge increases in production. Check out these articles, courtesy of Carpe Diem:
Reuters: Exclusive: UK has vast shale gas reserves, geologists say
New technology from the U.S. (that means fracking) could make large volumes of shale gas off the coast of UK economically viable, pushing England to the top of reserves worldwide.
Here’s the potential: Continue reading “Energy boom isn’t limited to the U.S.”
The Williston Herald reports that Average Wage in Williams County nearly $71,000 a year.
In 1¾ years through September ‘11, there were 12,000 new jobs in the city.
Wages? Check this out: Continue reading “Oil boom equals high pay for lots of jobs”
ConocoPhillips is planning to focus on Eagle Ford.
FuelFix reports in their article Shale gas “a blessing” for U.S. Mulva says:
Mulva {who is the retiring CEO of ConocoPhillips} said the company this year plans to drill 160 wells in the Eagle Ford shale in South Texas, 300 wells in the Permian Basin in West Texas and up to 30 wells in North Texas’ Barnett shale.
The oil boom in Williston is of high interest to me since our son is living there and participating in the boom times.
So the discussion on the editorial page of the Wall Street Journal yesterday was mostly old news to me:
There’s an astounding increase in oil and gas production from the Eagle Ford region in Texas in the last 15 months. That field starts north of Laredo and runs to the northeast.
Key tidbits from this post by Energy Information Administration – Eagle Ford oil and natural gas well starts rose sharply in first quarter 2012: Continue reading “Eagle Ford – Another amazing oil field to watch”
Found a source for lots of data on oil production in North Dakota. Mentioned this in an earlier post.
Other cool stats: Continue reading “More North Dakota oil production stats”
Courtesy of the credits on graphs from Mark Perry at Carpe Diem I found the mother lode of data for oil production in North Dakota.
Piece of cake to produce these cool graphs. Source of data: ND Monthly Oil Production Statistics
The following graphs show the daily production of oil in North Dakota. I’ve presented three time horizons, since that shows difference time perspectives.
Continue reading “Daily production graphs of North Dakota oil”
Walter Russell Mead points to an article here that says prospectors are spreading out across southern Kansas looking for oil. They are in the Mississippi Lime formation, roughly between Tulsa and Wichita and spreading to the west.
Two really cool comments in Mr. Mead’s post, What is the Matter with Kansas? If You Like Oil, Nothing.
First, here is a hint at the economics involved:
Curious how a fracking well is drilled?
I’ve been wondering about a few things. Like how to drill horizontally, how to break open the dense rock, and how to prevent leakage.
Superb animated video from Voyager Oil & Gas answers a lot of my questions:
Continue reading “Animated explanation of hydraulic fracturing”
Did you ever think you would see this headline?
N.Dakota Oil Continues Exponential Growth and is on Pace to Become the No. 2 Oil State in January. That is a post from Mark Perry pointing out the dramatic growth in oil production from North Dakota sites.
Check out the graph to see the drastic expansion the last four years. In about 2008 oil production hit an inflection point. Here’s the basic shape of the graph: horizontal before 2008 and on roughly a 45° angle after that.
Continue reading “More oil drilled in North Dakota than California? Run that by me again.”