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Don't Believe Much You Are Told

Our friend, Anne, the midstream expert in this oilystuff.com chicken shit outfit (but certainly not Anne), sent me this today. Please read...

South Texas producers have big plans to develop the region's 'mini Haynesville' | S&P Global

My answer is this...

The shale gas phenomenon is 20 years old, the shale oil "revolution" is approaching 16 years old.

Old men like me that lived and worked in the conventional oil and natural gas industry for a half century have retired, save a very few; what is left is mostly children who know only shale.

319 Views

Mike

Oct 22

These counties in the EF play of south and south central Texas are generally thought of as those counties containing a deep, dry gas leg. These wells type out at 5.5 BCF, as previously stated above. Red are gas wells, above.

Drilling tight gas wells in the EF is a tough way to make a living with say, Houston Ship Channel prices below $4. Nobody can do it; don't believe when they tell you they can. In fact any analyst or hydrocarbon journalist, from Hart and WoodMac on down that promotes shale gas in the EF as being worth pursuing, ask to see their data, like I have above. Ask them to SHOW you and explain their economic analysis on a full cycle basis.

They won't be able to. Most of them are simply cut and paste analysts who repeat what producers say. I am sorry, most people in the tight oil and gas business lie, profusely. I hate to be cynical, its just the way it is. It may not matter to you if you are a dividend hound; it will matter someday very soon.

Be careful out there.

Edited

Mike

26 days ago

Hart Publications announces today the addition of 18 BCFGPD takeaway capacity from the Permian Basin, all going to LNG hubs along the Gulf Coast. These 4-5 new pipelines were, are, will be built to meet rising "demand," not rising supply.

A tad presumptuous, I'd speculate, especially when one considers that gas for gas turbine generated electricity (AI data centers) in West Texas needs to be 13 BCF by 2030.

Above, from WDBC, all Permian HZ/Frac unconventional wells, all benches, associated gas and gas well gas beginning 2012 thru August 2026. Only HZ wells drilled to shallow, conventional Guadeloupian sandstones are filtered out. Average 30-year EUR determination using best fit decline curve analysis: 2.8 BCFG per well over 30 years, estimated.

Because these wells all make water, they'll be lucky to live 18 years before reaching economic limits and will be blessed to make 2.2 BCF gas, max. I've show you…

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Richard Kleeman

Oct 06

zerohedge.com/markets/five-year-fuel-crisis-why-world-economy-paying-war-it-thinks-ending Mike Interesting article here. Dick

Mike

29 days ago

Propane Hits the Beach

It's a good thing our kids will never need any of this stuff either. Like ethane, and butane, and natural gas...and crude oil or condensate for that matter. Or water. Diesel? Phftttt. Export it! Let us take care of the debt, and the produced water, the earthquakes, plugging, etc. We got it, man!

Giddy up, America.

294 Views

August 12, 2026

Gas and Condensate in District 8

Condensate yield in barrels per million cubic feet is the vertical axis and condensate production is the horizontal axis. Condensate yield is down 29% from its peak. Either drier fields are being brought online or there is retrograde condensation of liquids in the reservoir as the pressure drops. It is more likely the latter. Condensate production is down 20% from its peak. The peak is in for District 8.