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Linn Energy, LLC (LINE) Message Board

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  • rrb1981 rrb1981 Apr 3, 2012 6:07 PM Flag

    LINE Announces JV With Anadarko

    Yes, 40-50% is left but this varies by field geology and history of the field. Conventional recovery (i.e. natural pressure) only gets a small portion. Water flood (i.e. secondary recovery) does another increment.

    CO2 (tertiary recovery) removes another increment.

    Denbury has some good presentations on their website (well, they used to, I have not checked recently).

    Tertiary recovery can be a very cost effective way to recovery oil and what is nice is their is no dry hole risk. The reservoirs have 80+ yrs of production history and you can calculate +/- 10% how much oil was likely in place.

    Kinder is minting money from the Yates and SACROC unitized fields.

    The Russians have botched a lot of their oil fields. Ever see the pics of the run off? They have depleted all of the pressure trying to produce very heavily.

    It takes a lot of upfront effort to attempt a tertiary recovery and it takes a couple of years to turn the corner and start getting good returns.

 
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