Oily Stuff
Oily News, Analysis & Opinions
Oily Photographs, History, Videos & Cartoons
Oily Humor & Short Stories About a Very Long, Oily Life
Quote Stuff
"The Financial Times explains why Big Oil won't reinvest its Iran war windfall. But it misses the bigger story.
Oil's growth fundamentals peaked more than 50 years ago. Shale was an outlier, fueled by China's boom and cheap money.
Why invest heavily in a high-cost, low-growth industry?" Art Berman
In the most watery sub-basin of the Permian, the Delaware, the upper Wolfcamp A and B, the two most oil prolific pays, also produce the most water by a significant margin.
400 million years ago Wolfcampian water was in-situ sea water with 20,000 PPM TDS. 1oo million years ago the basin went thru a surge of tectonic uplifting on the West side and very salty Guadalupian water intermixed and raised TDS in the Wolfcamp to over 120,000-130,000 ppm TDS. Clays also cause the Wolfcamp to have high metal content (aluminum, etc.) and high levels of radiogenic Sr (NORM).
Last Tuesday the Permian tight oil sector lost any hope it might have had to put this water on the ground, or into the Pecos River. It does not comply with Texas Surface Water Quality Standards, the Federal Clean Water Act and it would be horrendously expensive to render it non-toxic to aquatic life.
Stuff To Think About
You got all you can handle now, boys.
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Video Stuff
Cartoon Stuff
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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.
