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Linn Energy, LLC (LINE) Message Board

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  • rlp2451 rlp2451 Jan 25, 2013 4:43 PM Flag

    US Rig Counts Increase By Four; Plus Five for Natural Gas, Minus One for Oil

    Why would you think that? They're wrong on estimated recoverable amounts of oil aren't they? Or do you believe some body who's NOT affiliated with the state? Does the word "cherry pick" mean anything to you? Don't bother to answer, I already know it.

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    • So, we finally find out what you think is incorrect in the State numbers

      "Why would you think that? They're wrong on estimated recoverable amounts of oil aren't they?"

      Okay....so here is a very simple resolution to your new folly.....

      ..........when was it done and what is the quantity that you think they are wrong about about?

      And here is a hint:
      The USGS is the expert when it comes to technically recoverable estimated reserves.
      They havse a CURRENT estimate that is the one that most now use....BUT everyone kinda also knows that it is incorrect because the USGS estimate was done in 2008.

      It also only included the Bakken and left out the Three forks....lots of added oil

      So, now lets take a very careful look at what you attempted to do.

      You imply that the numbers by the state are wrong and therefore other numbers put out are also wromg....AND that is incorrect.

      The estimates are done very differently that the pipeline numbers.Pipelines are approved...period....they know the capacity. Estimates are done by a combination of data review from wells and also includes the current technology used to get that oil out....geosteering, fracking methods, well designs being used and lots of other things.

      So, please keep making up stuff and showing everyone how you distort....because it is very helpful to see just how you take info and try to twist it into something that it is not.

      So what reserve estimate do you think the State goes by and don't you really think that they along with the rest of the world now go by the Continental Resources 2012 reserve estimate of About 45 billion barrels recoverable from a total oil in place of 903 Billion barrels or about 5% to 8% recovery?

      Hmmm?

      You silly little poster who is in-the-dark.

 
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