Oily Stuff
            Oily News, Analysis & Opinions
      Oily Photographs, History, Videos & Cartoons
Oily Humor & Short Stories  About a Very Long, Oily Life
Stuff To Think About
.jpg)
Video Stuff
Quote Stuff
“We believe we are at a tipping point for U.S. oil production at current commodity prices,” said Travis Stice, chief executive of Diamondback Energy back in May in a letter to shareholders. “The amount of capital required to get back to 13 million barrels a day or 6 million barrels a day in the Permian might be an untenable lift for the business model that we put in place,” Stice elaborated.
Diamondback is the 3rd largest oil producer in the Permian Basin, its 'hood' being in the Midland sub-basin, especially Martin
County. FANG's produced water volumes increase every year and look at how high WORs are in northern Martin. It produces 4,935 HZ wells in the Midland Basin, 2,000 less than Exxon, but makes 25% more water.
Dealing with 1.2 MM BPD of produced water is a major undertaking and a large burden on production costs. The areas around Stanton and Gardendale are notable for earthquakes and the TRRC has identified several seismic response areas (SRAs)
in those locals.
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.
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.
